Assessment of the business plan and financing strategy Sample Clauses

Assessment of the business plan and financing strategy. The project promoters have presented that to promote market integration and competition, it is envisioned that the Balticconnector and Estonia-Latvia interconnection will be given to market use in the framework of Finnish-Baltic single entry-exit model (excluding the first two years of operation (2020-2021), when the revenues will come from capacity booking until full market integration is achieved in 2022). The concerned NRAs share the project promoters’ view that the envisioned approach give the developed infrastructure to market with single entry-exit model would be the model with the highest socio-economic benefits arising from the projects. The concerned NRAs find that achieving this model after two years of operation reasonably considers the transition period of market opening while ensuring the financeability during this transition by generating revenues from capacity booking. The concerned NRAs find that the calculated revenues from capacity booking are reasonably presented and reflect the non-binding market test results. The project promoter have presented that the investment to the Balticconnector and Estonia- Latvia Enhancement is foreseen to be financed partially by EU funds and the remaining part by the project promoters. The concerned NRAs consider that as the project promoters’ financing strategy relies partly on EU funds, the realisation of this co-funding as foreseen by the promoters constitutes a significant risk to the project financing and development.
Assessment of the business plan and financing strategy. The aim of the project is to build and operate the third AC interconnection between Finland and Sweden. The technical solutions and routing option were chosen as the most beneficial according to the cross-border study carried out by the project promoters. Once completed the interconnection will increase cross-border capacity from Finland to Sweden by 900 MW and from Sweden to Finland by 800 MW. The increased cross-border capacity is found to increase internal market integration and thus reducing price differentials, improving security of supply and supporting integration of more renewable energy sources. According to the project promoters there is an option in the future to develop the system by adding substations to connect wind power that is planned for the region, thus further increasing renewable power generation. 2020-03-12 The project promoters have presented that the investment to the third AC interconnection is foreseen to be financed partially by EU funds and the remaining part by the project promoters. As according to the CBA majority of the benefits of the project are shown in Finland, the project promoters have jointly proposed that Finnish TSO will finance 80% of the investment costs occurring on the Swedish side and 100% of the cost on Finnish side, covering approximately 87% of the total investment costs of the project. The recovering of the investment costs will take place through transmission tariffs. The concerned NRAs agree with the project promoters that the grid investments to Swedish grid funded by the Finnish TSO should affect as little as possible to the tariffs of the Finnish network customers, and to diminish this effect EU funding is needed. 2019-102729-0005 According to the Finnish TSO the remaining CAPEX funding after grants will be covered with 20% equity and 80% commercial debt. In addition to grant funding, the Swedish TSO’s principal source of funding will be debt from the Swedish national debt office.

Related to Assessment of the business plan and financing strategy

  • MANAGEMENT OF THE BUSINESS Pursuant to Section 00-00-000 of the Act, and as stated in its Articles, the Company’s day to day affairs are managed by the Member. The Member is responsible for the daily operations of the business.

  • Schedule for Completing Agreement Closeout Activities Provide All Draft and Final Written Products on a CD-ROM or USB memory stick, organized by the tasks in the Agreement. Products: • Final Meeting Agreement Summary (if applicable) • Schedule for Completing Agreement Closeout Activities • All Draft and Final Written Products

  • Development of the Property Except as modified by this Agreement, the Development and the Property will be developed in accordance with all applicable local, state, and federal regulations, including but not limited to the City’s ordinances and the zoning regulations applicable to the Property, and such amendments to City ordinances and regulations that that may be applied to the Development and the Property under Chapter 245, Texas Local Government Code, and good engineering practices (the “Applicable Regulations”). If there is a conflict between the Applicable Regulations and the Development Standards, the Development Standards shall control.

  • Fund Valuation and Financial Reporting Services (1) Account for Fund share purchases, sales, exchanges, transfers, dividend reinvestments, and other Fund share activity as reported by the Fund’s transfer agent on a timely basis.

  • Sub-Advisor Compliance Policies and Procedures The Sub-Advisor shall promptly provide the Trust CCO with copies of: (i) the Sub-Advisor’s policies and procedures for compliance by the Sub-Advisor with the Federal Securities Laws (together, the “Sub-Advisor Compliance Procedures”), and (ii) any material changes to the Sub-Advisor Compliance Procedures. The Sub-Advisor shall cooperate fully with the Trust CCO so as to facilitate the Trust CCO’s performance of the Trust CCO’s responsibilities under Rule 38a-1 to review, evaluate and report to the Trust’s Board of Trustees on the operation of the Sub-Advisor Compliance Procedures, and shall promptly report to the Trust CCO any Material Compliance Matter arising under the Sub-Advisor Compliance Procedures involving the Sub-Advisor Assets. The Sub-Advisor shall provide to the Trust CCO: (i) quarterly reports confirming the Sub-Advisor’s compliance with the Sub-Advisor Compliance Procedures in managing the Sub-Advisor Assets, and (ii) certifications that there were no Material Compliance Matters involving the Sub-Advisor that arose under the Sub-Advisor Compliance Procedures that affected the Sub-Advisor Assets. At least annually, the Sub-Advisor shall provide a certification to the Trust CCO to the effect that the Sub-Advisor has in place and has implemented policies and procedures that are reasonably designed to ensure compliance by the Sub-Advisor with the Federal Securities Laws.

  • PROFESSIONAL DEVELOPMENT AND EDUCATIONAL IMPROVEMENT A. Purpose In our rapidly changing society, teachers must constantly review curricular content, teaching methods and materials, educational philosophy and goals, social change, and other topics related to education. The Board recognizes that it shares with its professional staff responsibility for the upgrading and updating of teacher performance and attitudes. The Board and the Association support the principle of continuing training of teachers and the improvement of instruction. The parties further agree that each teacher should fulfill this obligation for professional improvement.

  • Notice to Proceed - Land Acquisition The acquisition of the Land shall not occur until the Director has issued a written Notice to Proceed for land acquisition to the Recipient (the "Notice to Proceed"). Such Notice to Proceed will not be issued until the Director has received a Request to Proceed acceptable to the Director and is assured that the Recipient has complied with all requirements for the approval of a grant under Revised Code Sections 164.20 through 164.27 and any requirements for land acquisition set forth in this Agreement, including without limitation the OPWC's approval of the proposed Deed Restrictions and Title Agent. The Notice to Proceed also shall specify the time frame for the Closing.

  • Development of the Project 4.1 TSP's obligations in development of the Project: Subject to the terms and conditions of this Agreement, the TSP at its own cost and expense shall observe, comply with, perform, undertake and be responsible:

  • Additional Material Real Estate Assets In the event that any Credit Party acquires a Material Real Estate Asset or a Real Estate Asset owned or leased on the Third Restatement Date becomes a Material Real Estate Asset and such interest has not otherwise been made subject to the Lien of the Collateral Documents in favor of Collateral Agent, for the benefit of Secured Parties, then such Credit Party shall promptly take all such actions and execute and deliver, or cause to be executed and delivered, all such mortgages, documents, instruments, agreements, opinions and certificates similar to those described in Sections 3.1(h) and 3.1(i) of the Original Credit Agreement with respect to each such Material Real Estate Asset that Collateral Agent shall reasonably request to create in favor of Collateral Agent, for the benefit of Secured Parties, a valid and, subject to any filing and/or recording referred to herein, perfected First Priority security interest in such Material Real Estate Asset. In addition to the foregoing, Borrower shall, at the request of Collateral Agent, deliver, from time to time, to Collateral Agent such appraisals as are required by Applicable Law of Material Real Estate Assets with respect to which Collateral Agent has been granted a Lien.

  • TECHNOLOGY/KNOWLEDGE TRANSFER ACTIVITIES The goal of this task is to develop a plan to make the knowledge gained, experimental results, and lessons learned available to the public and key decision makers. The Recipient shall: • Prepare an Initial Fact Sheet at start of the project that describes the project. Use the format provided by the CAM. • Prepare a Final Project Fact Sheet at the project’s conclusion that discusses results. Use the format provided by the CAM. • Prepare a Technology/Knowledge Transfer Plan that includes: o An explanation of how the knowledge gained from the project will be made available to the public, including the targeted market sector and potential outreach to end users, utilities, regulatory agencies, and others.