Target IRR means a pre-tax Internal Rate of Return of [***]%.
Target IRR means an Investor IRR of twelve percent (12%).
Target IRR has the meaning set forth in Section 3.4 of this Exhibit 4.3.
Examples of Target IRR in a sentence
The actual project return may be higher or lower than the Target IRR, depending on, for instance, deviations between actual costs and the cost estimates that form the basis of the tariff calculation or deviations between the inflation assumption above and the actual inflation applied.
More Definitions of Target IRR
Target IRR means the threshold levered equity interest rate of return required by the Project Co Members based on the financial risk profile of the Project;
Target IRR shall have the meaning provided in Section 16(i).
Target IRR means (a) with respect to Contracted Revenue and an Unleveraged Fund Company an After-Tax IRR of [***]; (b) with respect to Contracted Revenue and a Backleveraged Fund Company an After-Tax IRR of [***]; (c) with respect to Uncontracted Revenue and an Unleveraged Fund Company an After-Tax IRR of [***] and (d) with respect to Uncontracted Revenue and a Backleveraged Fund Company an After-Tax IRR of [***].
Target IRR means an internal rate of return of at least 8%, as determined in good faith by the Board and calculated in accordance with generally accepted financial practice, on the Initial Investment Amount determined commencing as of the date of this Warrant.
Target IRR means an internal rate of return on the Subordinated Notes of 12 per cent. per annum, calculated on the basis of all distributions to the Subordinated Noteholders received in respect of the initial principal amount of the Subordinated Notes, from the Closing Date to the relevant Payment Date;
Target IRR means that the HMC Group has received distributions from, and/or consideration realized from the sale, exchange or other disposition to a non-Affiliate of, the Third Investment, in the form of cash and/or Readily Marketable Securities, in such amount as may be necessary to result in an internal rate of return of at least 30%, calculated in accordance with generally accepted financial practice, on the Third Investment Amount determined commencing as of July 8, 1997.
Target IRR has the meaning set forth in Section 2 of this Exhibit C-1.