Internal Rate of Return

Internal Rate of Return. Shall mean the discount rate that would cause the net present value of investing, on a specified starting date, an amount equal to the Fair Market Value 3 on the starting date to equal, on the ending date, the net present value of (i) all dividends and distributions paid with respect to a Share from the starting date through the ending date (excluding dividends and distributions paid in the form of additional Shares) and (ii) the Share Value on the... ending date. View More

Internal Rate of Return. The internal rate of return of 40% or more per annum (taking into account of all dividends, distributions, fees and all other amounts received by the Sponsor and its Affiliates with respect to its investment in the equity of the Company) on the entirety of the Sponsor's investment in the equity of the Company calculated by valuing the Common Stock at its Fair Market Value and the Series B Preferred Stock at its stated liquidation value, plus accumulated and accrued but unpaid dividends.

Internal Rate of Return. Means the pretax compounded annual internal rate of return realized by the Sponsors, based on the aggregate amount invested by the Sponsors in respect of all Sponsor Investments and the aggregate amount of actual cash received by, and Distributed Securities distributed to, the Sponsors in respect of all Sponsor Investments and including, as a return on each Sponsor Investment, any cash dividends, cash distributions, cash sales or cash interest made by the Company or any Subsidiary in respect of... such Sponsor Investment, in each case, following the Effective Date, assuming all Sponsor Investments were purchased by one Person and were held continuously by such Person, and excluding any other amounts payable that are not directly attributable to a Sponsor Investment (including, without limitation, any management, transaction, monitoring or similar fees). The Internal Rate of Return shall be determined assuming that (i) any Sponsor Investments made before the Effective Date were made by the Sponsors on the Effective Date and (ii) the value of such Sponsor Investments shall be equal to the product of (x) the number of Shares in the Company and its affiliated entities held by the Sponsors on the Effective Date and (y) the Fair Market Value of each such Shares on the Effective Date (which, for the avoidance of doubt, shall be equal to the Option Price). For purposes of determining Internal Rate of Return in respect of Distributed Securities, the fair market value of those securities on the date on which the Distributed Securities are distributed shall be used for purposes of calculating the annual internal rate of return, and such date shall be deemed the date on which the return on the Sponsor Investment was received by the Sponsors. View More

Internal Rate of Return. With respect to the Investor's Fund Capital Contribution, the discount rate that causes the sum of net present value of all cash inflows from the Investor (i.e., Capital Contributions) and the net present value of all cash distributions and other cash outflows to the Investor resulting from the investment (including, on an After-Tax Basis (as applicable), the tax credits, the tax liabilities allocated to the Investor by the Fund and distributions from the Fund to the Investor, whether from... operating cash flow or capital transaction proceeds) to equal zero dollars ($0). The Investor will be deemed to receive a specified Internal Rate of Return, with respect to any Capital Contributions, when the Investor has received net After Tax benefits equal to a return of all those Capital Contributions plus a cumulative, annually compounded, return on those Capital Contributions at the specified annual rate, calculated commencing on the date or dates those Capital Contributions are made and compounded annually to the extent the return is not paid on a current basis, taking into account the timing and amounts of all previous distributions, benefits and detriments made (or deemed made) or allocated to the Investor by the Fund. For purposes of computing the Internal Rate of Return, (i) all cash in-flows, cash out-flows, benefits and detriments will be discounted to present value using monthly measuring periods and (ii) the calculation of Internal Rate of Return will be made using Microsoft Excel XIRR or similar calculation. View More

Internal Rate of Return. An annual pre-tax internal rate of return calculated on a basis consistent with that used by the members of the Berkshire Owner Group in calculating gross internal rate of return for their respective purposes and by taking into account (i) the date or dates of payment by the members of the Berkshire Owner Group for or in respect of securities in the Company Group, (ii) the date or dates on which the members of the Berkshire Owner Group receive or are deemed to have received Proceeds, and (iii)... the amounts of such Proceeds. View More

Internal Rate of Return. The annualized effective compounded return rate (taking into account all allocations of profits and gains, net of all allocations of losses, deductions and nondeductible expenses) which is earned on the amount invested by Sponsor in the Company.