Target Return definition

Target Return. With respect to any Payment Date (calculated from the Closing Date to and including such Payment Date), the amount that, together with all amounts paid to the Holders of the Subordinated Notes pursuant to the Priority of Payments on or prior to such Payment Date (including by giving effect to payments made on such Payment Date), would cause the holders of the Subordinated Notes to first achieve an Internal Rate of Return of 12.0% on the Aggregate Outstanding Amount of Subordinated Notes issued on the Closing Date.

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Target Return shall be equal to nine percent (9%) per annum, compounded annually.

Target Return means an unlevered 15% rate of return on incremental operating expenses and incremental capital expenses anticipated, in Gatherer’s good faith opinion, to be incurred by Gatherer in providing the Gathering Services requested in a Sole Dedication Notice with respect to Proposed Sole Dedicated Properties (such expenses, the “Subject Expenses”).

Examples of Target Return in a sentence

• Response Level Definition Example Response Target Return to Service Target Priority 1 Critical Database administration Create, update and delete data as necessary or per staff request.

• If such revised Proposed Fee would provide Gatherer at least the Target Return, then Gatherer shall be obligated to accept the dedication of such Proposed Sole Dedicated Properties and provide the Gathering Services set forth in the revised Sole Dedication Notice with respect to such Proposed Sole Dedicated Properties at the revised Proposed Fee.

• The Target Return to Service Time is measured from the time a Support Ticket is opened until the functionality is restored on the Production Site.

• If the Return Adjustment Period should expire without MMC, MC, NMM and their transferee(s) receiving the Target Return for the Return Adjustment Period, they shall have no obligation to return any amounts assigned by FI or any FI transferee.

• Total Offering or Aggregate Loan Amount: $1,070,000 Target Return on Investment: (Benchmark Revenue) x 2.5% x (Subscriber’s Note/$1,070,000 or the total amount at closing of the total offering, whichever is greater) up to 2.5X the amount of the Subscriber’s Note, as further defined in the Note and Subscription Agreement.

More Definitions of Target Return

Target Return means an internal rate of return on the Series B Original Issue Price, compounded annually, from the date of the issuance of such shares until the date of a deemed liquidation event, equal to fourteen percent (14%) per annum;

Target Return means profit on value of % ( per cent) as determined within the Application Stage Viability Appraisal being the blended profit of the Open Market Housing Units, the Affordable Housing Units and any other Component of the Development as a percentage of gross development value;

Target Return means the target of achieving a return of between 3% and 4.5% per annum. The Target Return will be based on the Net Subscription Amount and will be calculated on a compound basis from the Acquisition Date until Partial Withdrawal or Final Withdrawal, taking into account any withdrawals, including any Regular Withdrawals or any withdrawal to pay the Adviser Ongoing Fee.

Target Return means the sum of (a) the Index Return plus (b) five (5) percentage points. Target Return is expressed as a percentage; provided, however, that if the Performance Period ends prior to three (3) years due to a Change in Control, the Target Return shall be determined on a pro rata basis based on the number of days in the Performance Period and an one and two-thirds percent (1.67%) return per year.

Target Return means an amount where the cash distributed to a Class B Member (including any Tax Distributions) equals a sixteen percent (16%) Internal Rate of Return on the Capital Contributions made such Class B Member as of the date of determination, as calculated consistent with the Project Pro Forma.

Target Return means, with respect to a sale or other disposition of Initial DLJ Equity consummated (i) in 1999 or 2000, a 50% Adjusted IRR, (ii) in 2001, a 35% Adjusted IRR, and (iii) after 2001, a 30% Adjusted IRR, in each case based on the value of the consideration paid for the Initial DLJ Equity sold or otherwise disposed of.

Target Return means, in respect of any Financial Year, the return represented by the change in the Benchmark Index between the first Business Day of the Financial Year and the final Business Day of the Financial Year, as calculated by a suitably qualified and experienced person appointed by the Manager and approved by the Supervisor, expressed as a percentage.