Target Multiple definition

Target Multiple means a number equal to the result of (i) all Investor Proceeds divided by (ii) the Investor Investment Amount.
Sample 1Sample 2Sample 3
Target Multiple means 1.0 for each Participant except in the first four years during which a Participant participates in the Plan, the Target Multiple shall be 1.5.
Sample 1Sample 2Sample 3
Target Multiple means the maximum multiple of the original investment that could be paid, given value drivers, and receive a desired return on investment;
Sample 1Sample 2Sample 3

Examples of Target Multiple in a sentence

  • Compare JX 99 at 7 (calculating Target Multiple of $110,670,172 for Series B Notes in December 2015 using 20.5% IRR),On April 1, 2014, Leaf’s parent hired Mark Lerdal to oversee the orderly liquidation.

  • I granted Leaf’s motion.Leaf next moved for entry of a final judgment determining that the LLC Agreement entitled Leaf as a matter of law to damages in the amount of the Target Multiple.

  • Leaf proved at trial that until midway through this case, all of the parties to the LLC Agreement understood that Leaf would receive its Target Multiple if Invenergy engaged in a Material Partial Sale without Leaf’s consent.

  • Invenergy management calculated at the time that Leaf’s Target Multiple was $95 million.150 One Invenergy strategy was to postpone disclosing the sale to Leaf for as long as possible.151 Another was to explore what would happen “if we do an MPS (where proceeds exceed the Target Multiple) and simply do not offer the TM?”152 Condo told Murphy that he was “happy to ask that of outside counsel,” but he was blunt about what the Series B Agreement contemplated: “I don’t see any plausible way to make that case.

  • Wade (1973) is the landmark abortion ruling that struck down a Texas statute that forbade all abortions not necessary for saving the life of the mother and imposed jail time on providers for performing one.

  • He emailed Murphy: Now Leaf wants to not be limited to the Target Multiple if an MPS would result in a higher payout based on their then pro-rata ownership.

  • They seem to have thought that if the investors received their Target Multiple, then the investors would exit happily.

  • He wrote that the Series B Consent Rightsays that we must get Leaf’s consent if we want to complete a Material Partial Sale if the proceeds of such transaction are less than the amount of the Target Multiple.

  • Instead, Invenergy would have the option to redeem the Series B Notes for the Target Multiple.

  • If Leaf does not consent (it will not), then Invenergy cannot close the deal without paying Leaf its Target Multiple (i.e. 23% cash on cash IRR since the first investment, which will be equal to approximately $120 million on 9/30/2015, the expected date of [the] closing of the deal.”).


More Definitions of Target Multiple

Target Multiple means Cash Outflows divided by Cash Inflows.
Sample 1Sample 2
Target Multiple means, for purposes of calculating a Participant’s Award, 1.0.
Sample 1Sample 2
Target Multiple means (A) an amount equal to the product of 2.5 prior to the third anniversary of the date hereof and (B) an amount equal to 3.5 on or after the third anniversary of the date hereof.
Sample 1Sample 2
Target Multiple means a number equal to the result of (a) all Golden Gate Proceeds divided by (b) the Golden Gate Investment Amount.
Sample 1
Target Multiple means, with respect to a holder of Class A Units or Class B Units, as applicable, a number equal to the result of (i) all Total Proceeds divided by (ii) the Total Investment Amount.
Sample 1
Target Multiple means, for any Low Interest Rate Solar Loan on any date of determination, an amount as listed in the table below: Original Term (yrs) Target Multiple for Such Term 10 4.5 12 5.0 15 6.0 20 7.5 25 8.5
Sample 1

Related to Target Multiple

  • multiple sclerosis means an inflammatory, nervous system disease in which the myelin sheaths around the axons of nerve cells of the brain and spinal cord are damaged, leading to demyelination and affecting the ability of nerve cells in the brain and spinal cord to communicate with each other;

  • Borrowing Multiple means (a) in the case of a Borrowing denominated in US Dollars, US$1,000,000 and (b) in the case of a Borrowing denominated in any Alternative Currency, 1,000,000 units of such currency.

  • Severance Multiple means 2.50; provided, however, that notwithstanding the foregoing, for each full month that elapses during the period beginning on the date the Executive attains age 63 and ending on the date the Executive attains age 65, the Severance Multiple shall be reduced by an amount equal to the product of (i) 1/24 and (ii) the excess of (A) the original Severance Multiple set forth above over (B) 1.0 (rounded to the nearest hundredth).

  • Target Percentage means those percentages assigned to Participants pursuant to Section 3.2 hereof.

  • Multiple means the least of (i) three, (ii) the greater of one and the number of years and fractions thereof during the period from the Date of Termination (as hereinafter defined) and the Executive's 65th birthday, and (iii) if the Executive had announced his intention to retire before the Date of Termination, the number of years and fractions thereof from the Date of Termination until the date of such intended retirement. 2.

  • Bonus Target means the annual bonus that the Executive would have received in a fiscal year under the AIP Plan and/or the EIC Plan, if the target goals had been achieved.

  • Multiplier means 1.0.

  • Achievement Percentage means the percentage of achievement determined by the Committee after the end of the Performance Cycle in accordance with Section 4 that reflects the extent to which the Company achieved the Performance Goals during the Performance Cycle.

  • Target Bonus Percentage means, with respect to any Executive, the target bonus percentage specified for such Executive in his or her Employment Agreement.

  • M4 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 95.30% and (ii) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) 0.50% of the Cut-off Date Balance.

  • Target Value shall have the meaning stated in Section 7.2 of Schedule D to this Agreement.

  • M1 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 70.00% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • M3 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 85.50% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • Target means Trans-European Automated Real-time Gross Settlement Express Transfer payment system.

  • M5 Target Amount With respect to any Distribution Date an amount equal to the lesser of (a) the product of (i) 93.30% and (ii) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (1) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (2) the Overcollateralization Floor.

  • Loop Concentrator/Multiplexer or "LCM" is the Network Element that does one or more of the following: aggregates lower bit rate or bandwidth signals to higher bit rate or bandwidth signals (multiplexing); disaggregates higher bit rate or bandwidth signals to lower bit rate or bandwidth signals (demultiplexing); aggregates a specified number of signals or channels to fewer channels (concentrating); performs signal conversion, including encoding of signals (e.g., analog to digital and digital to analog signal conversion); or in some instances performs electrical to optical (E/O) conversion. LCM includes DLC, and D4 channel banks and may be located in Remote Terminals or Central Offices.

  • Applicable Multiplier means, with respect to any Rate Period for any Series of RVMTP Shares, the percentage set forth opposite the applicable credit rating most recently assigned to such Series by the Rating Agency in the table below on the Rate Determination Date for such Rate Period: Long-Term Ratings* Fitch Applicable Multiplier AAA to AA- 100% A+ to A- 000% BBB+ to BBB- 140% *And/or the equivalent ratings of any other Rating Agency then rating the RVMTP Shares utilizing the highest of the ratings of the Rating Agencies then rating the RVMTP Shares.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • M2 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 65.70% minus the Additional Required Enhancement Percentage and (ii) the Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) 0.50% of the Cut-off Date Balance.

  • Minimum Quarterly Distribution means $0.35 per Unit per Quarter (or with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.35 multiplied by a fraction of which the numerator is the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • Vesting Percentage means the percentage by which the Target Total Award is multiplied as set forth in the chart in Section II below.

  • Applicable ECF Percentage means, for any fiscal year, (a) 50% if the Total Leverage Ratio as of the last day of such fiscal year is greater than or equal to 6.00 to 1.00, (b) 25% if the Total Leverage Ratio as of the last day of such fiscal year is less than 6.00 to 1.00 but greater than or equal to 5.00 to 1.00 and (c) 0% if the Total Leverage Ratio as of the last day of such fiscal year is less than 5.00 to 1.00.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Target EBITDA means, for each fiscal year, the EBITDA set forth in the operating budget of the Company, as approved by the Board, for the particular year.

  • Performance Percentage means the factor determined pursuant to a Performance Schedule that is to be applied to a Target Award and that reflects actual performance compared to the Performance Target.

  • Quarterly Distribution means with respect to each Distribution Date, the distribution to be made to the Holders of the Up-MACRO Holding Shares that are Outstanding on the Distribution Date pursuant to priority sixth of Section 5.2(a), which shall consist of the cash on deposit in the Up-MACRO Holding Trust after it makes or receives a payment under the Income Distribution Agreement and makes all other payments or investments in Eligible Treasuries that it is required to make pursuant to such Section 5.2(a).