reasonable forecast means a forecast prepared by the Borrower not earlier than twelve months prior to the incurrence of the debt in question, which both the Bank and the Borrower accept as reasonable and as to which the Bank has notified the Borrower of its acceptability, provided that no event has occurred since such notification which has, or may reasonably be expected in the future to have, a material adverse effect on the financial condition or future operating results of the Borrower.
reasonable forecast means a forecast prepared by the Project Implementing Entity not earlier than twelve months prior to the incurrence of the debt in question, which both the Association and the Project Implementing Entity accept as reasonable and as to which the Association has notified the Project Implementing Entity of its acceptability, provided that no event has occurred since such notification which has, or may reasonably be expected in the future to have, a material adverse effect on the financial condition or future operating results of the Project Implementing Entity.
reasonable forecast means a forecast prepared by PLN in the fiscal year in which the debt in question is to be incurred, which both the Bank and PLN accept as reasonable and as to which the Bank has notified PLN of its acceptability, provided that no event has occurred since such notification which has, or may reasonably be expected in the future to have, a material adverse effect on the financial condition or future operating results of PLN.
More Definitions of reasonable forecast
reasonable forecast means a forecast prepared by NTDC not earlier than 9 months prior to the incurrence of the debt in question, which both ADB and NTDC accept as reasonable and as to which ADB has notified NTDC of its acceptability.
reasonable forecast means a forecast prepared by the EPC not earlier than nine months prior to the incurrence of the debt in question, which ADB, the Beneficiary and the EPC accept as reasonable, and to which ADB has notified the Borrower of its acceptability.
reasonable forecast means a forecast prepared by TANESCO not earlier than twelve months prior to the incurrence of the debt in question, which both the Association and TANESCO accept as reasonable and as to which the Association has notified TANESCO of its acceptability, provided that no event has occurred since such notification which has, or may reasonably be expected in the future to have, material adverse effect on the financial condition or future operating results of TANESCO.
reasonable forecast means a forecast prepared by XXXX not earlier than twelve months prior to the incurrence of the debt in question, which both The Association and KESH accept as reasonable and as to which the Association has notified KESH of its acceptability, provided that no event has occurred since such notification which has, or may reasonably be expected in the future to have, a material adverse effect on the financial condition or future operating results of KESH.
reasonable forecast means a forecast prepared by WAPDA not earlier than twelve months prior to the incurrence of the debt in question, which the Bank and WAPDA accept as reasonable and as to which the Bank has notified WAPDA of its acceptability, provided that no event has occurred since such notification which has, or may reasonably be expected in the future to have, a material adverse effect on the financial condition or future operating results of WAPDA.
reasonable forecast means a forecast prepared by the Borrower not earlier than nine months prior to the incurrence of the debt in question, which both ADB and the Borrower accept as reasonable and as to which ADB has notified the Borrower of its acceptability.
reasonable forecast means a forecast prepared by WWCS not earlier than twelve months prior to the incurrence of the debt in question, which both the Association and WWCS accept as reasonable and as to which the Association has notified WWCS of its acceptability, provided that no event has occurred since such notification which has, or may reasonably be expected in the future to have, a material adverse effect on the financial condition or future operating results of WWCS.