IRR

IRR. Means an annual internal rate of return, calculated on a daily basis, but compounded quarterly.

IRR. Shall mean the interest rate which, when used to calculate the net present value of all Cash Inflows and all Cash Outflows (each as defined below) realized with respect to Shares upon a Liquidity Event, causes such net amount to equal zero. "Cash Inflows" as used herein shall mean the proceeds (net of underwriting discounts and commissions, placement agent, finder and similar fees and other expenses incurred by such Sponsor Purchaser in connection with such Liquidity Event) to the... Sponsor Purchaser of any disposition of the investment in Shares (in whole or in part), and dividends, returns of capital and other distributions with respect to the Shares, whether received directly or indirectly by the Sponsor Purchaser, but shall specifically exclude any management fees or remuneration payments paid pursuant to the Monitoring and Management Services Agreement dated August 15, 2003 among the Parent, the Company and the managers named therein. "Cash Outflows" as used herein include the sum of all cash payments and investments by Sponsor Purchaser in the form of or in respect of Shares. Notwithstanding the foregoing, Cash Inflows and Cash Outflows shall be calculated only with respect to Shares actually realized or deemed realized in a Liquidity Event. In addition, Multiple cash investments by the Sponsor Purchaser in Shares shall be reflected in the IRR calculation by allocating the investment for such realized Shares on a pro rata basis based on the actual dates of each investment. For purposes of clarity the calculation of IRR will use the same methodology as that used in the latest edition of Microsoft Excel generally available as of the date of the Plan. View More

IRR. Shall mean the internal annual rate of return, calculated in a manner consistent with the "IRR" function in Microsoft Corporation's Excel spreadsheet software (based on a year of twelve thirty-day months), realized (or deemed to be realized) by the Sponsors on the Sponsor Units, such rate of return to be calculated on (i) the cash outflow consisting of the aggregate cash paid by the Sponsors for the Sponsor Units and (ii) the series of cash inflows consisting of all amounts realized by the... Sponsors in respect of the Sponsor Units other than in respect of Tax Distributions. For purposes of such calculation, (A) the cash outflow and each cash inflow shall be deemed to have occurred on the last day of the calendar month in which it occurred, and (B) an amount shall not be treated as a cash inflow unless and until actually received in cash. View More

IRR. Means the annual effective pre-tax discounted rate of return per dollar of Capital Contribution of the Custody Trust with respect to the subject Purchased Alternative Asset computed by taking into account the cumulative amount of distributions then and previously distributed to the Custody Trust and ffVC GP pursuant to the Buyer LPA with respect to such Purchased Alternative Asset as of the date of determination, calculated using the "XIRR" function in Microsoft Office Excel 2021 (or the same... function in any subsequent version of Microsoft Office Excel). View More

IRR. Means the annual interest rate (compounded annually) which, when used to calculate the net present value as of UPA Closing Date of all Investor Cash Inflows and Investor Cash Outflows, cause the difference between such net present value amounts to equal zero (0).

IRR. Means, with respect to the Common Stock, a calculation made in accordance with generally accepted financial practices which shows the pre-tax, compounded annual internal rate of return realized thereon, (i) assuming all shares of Common Stock (other than Common Stock Equivalents issued to employees or directors of or consultants to the Company or any Related Entity) were purchased by one Person on November 25, 2003 at a price equal to the Fair Market Value of the Common Stock on November 25,... 2003 and all such shares of Common Stock were held continuously by such Person from the date of issuance through the date of the Liquidity Event, (ii) assuming such holder receives cash on the Liquidity Event pursuant to Section 3.2.2(b) hereof and (iii) including, as a return on the shares of Common Stock, any cash dividends or distributions made by the Corporation or any Related Entity in respect of the shares of Common Stock during such period; provided, however, that in the event of any redemption of Common Stock or sale of newly-issued Common Stock Equivalents (other than Common Stock Equivalents issued to employees or directors of or consultants to the Company or any Related Entity), then cash inflows or outflows associated with such redemption or sale shall be reflected in the calculation of IRR, notwithstanding the general rule of clause (i) of this definition. View More

IRR. Means the cash on cash internal rate of return, determined on the basis of annual compounding, realized or deemed realized by the Major Investors on their investment in the Company on the date hereof.

IRR. On the date of an Investor Exit, after giving effect to such Investor Exit and the vesting, if any, of Performance Vest Option Shares (including all accelerated vesting of Performance Vest Options Shares which is contingent upon such calculation), BRS' compounded annual rate of return (as determined in good faith by BRS using the "XIRR" function in Microsoft® Excel, upgrades to such program, or if such software is not available at such time, an... equivalent function in another software package). View More

IRR. Means, as of the date of any Change of Control, the discount rate, compounded daily, commencing on the date of the receipt by the Investors of the Investor Shares Purchased and taking into account the timing and amounts of all contributions to the Company by the Investors and all distributions from the Company to the Investors in respect of the Investor Shares Purchased, that results in the present value of the Proceeds to the Investors upon the sale, redemption, recapitalization, distribution... or return in respect of the Investor Shares (including Proceeds received in such Change of Control after giving effect to any dilution from the vesting and exercise of any convertible or derivative securities (including this option) on the occurrence of such Change of Control), whenever made, equaling the Investor Equity Investment, in each case as determined by the Administrator. View More

IRR. Shall mean, with respect to the Investor's investment in the Put Shares (as of any given determination date of the Put Price with respect to the exercise of the Put Option) (calculated in U.S. dollars), the annual discount rate at which the net present value of all capital in-flows relating to such investment in the Put Shares at the time of the Closing is equal to the net present value of all cash out-flows from such investment in the Put Shares at the time of the Closing.