Common use of Base Case Project Projections Clause in Contracts

Base Case Project Projections. Delivery to Administrative Agent of (a) Base Case Project Projections for each of the Projects (taken individually), (b) Base Case Project Projections for all of the Projects (taken as a whole), showing minimum and average annual projected Debt Service Coverage Ratios over the period set forth in the Base Case Project Projections of no less than 2.0 to 1.0 and 3.0 to 1.0, respectively, and (c) the calculation of the Debt to Capitalization Ratio necessary to achieve the Debt Service Coverage Ratios described in clause (b) immediately above, which shall not be greater than 0.60 to 1.0, each of which shall be in form and substance reasonably satisfactory to each of the Banks and each of the Lender Groups and will be attached as Exhibit G-2 hereto.

Appears in 2 contracts

Sources: Credit Agreement (Pg&e Corp), Credit Agreement (Pacific Gas & Electric Co)