Financing Strategy Clause Samples

Financing Strategy. The project promoters 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. To demonstrate the financial need of the EU funding, ‘the fund gap method’ is used, where actual EU’s project co-financing contribution for each country is determined by multiplying eligible costs by the ‘funding gap rate’. The TSO tariff is viewed as socialisation of the project costs, therefore, it is excluded from the calculations of the funding gap. The Finnish promoter’s part of the investment (25% from CAPEX allocated to Finland) up to 30 MEUR will be financed by capitalized funds (equity) provided by the State of Finland. Therefore, a limited amount of debt is projected with a temporary project time funding and a possible working capital loan after commissioning. The Estonian TSO’s part of the investment will be financed by debt and equity. Debt and equity proportion and cost of debt assumptions are based on the latest regulated WACC assumptions (D/E ratio of 100% and cost of debt 3,76%).

Financing Strategy. Develop and recommend viable options for sustainable funding opportunities and partnerships for the desired water management improvements, ongoing operation, and natural and built infrastructure maintenance. Estimate the costs of implementing various sustainable water management strategies and assess the costs versus benefits of these strategies.

Financing Strategy. (1) The Board of Directors shall devise and adopt a strategy for future GeoCam financing. This strategy shall consider short, medium and long term corporate requirements based primarily on one or a combination of 3 (three) types of complementary financing : (a) equity financing in the form of Shareholders participation in the capital and later-on in the form of reserves or undistributed benefits ; (b) quasi equity financing in the form of remunerated current account advances or in the form of loans by Shareholders based on expressly negotiated and signed agreements duly approved by the Board of Directors; (c) external debt in the form of ordinary bank loans or project financings obtained on expressly negotiated and signed agreements duly approved by the Board of Directors. In addition to the types of financing outlined above, the Board of Directors will also consider other financing mechanisms including, but not limited to, joint venture earn-ins, partial sales of the company, forward Mineral sales contracts, etc. (2) Until such time as GeoCam arranges project financing, which will include elements of both equity and debt, the financing of GeoCam will necessarily rely on equity and/or quasi equity financing pursuant to the provisions of this Agreement.

Financing Strategy. We use a combination of equity capital and the proceeds of debt financing to fund our operations. At June 30, 2018, debt and equity represented approximately 29% and 71%, respectively, of our total capital. To grow our business and satisfy the REIT requirement that we dividend at least 90% of our taxable income, we expect to increase our level of debt over time to approximately 50% of capital. Depending on various factors, we may, in the future, decide to take on additional debt to expand our mortgage loan origination activities to increase the potential returns to our shareholders. Although we have no pre-set guidelines in terms of leverage ratio, the amount of debt we incur will depend on our assessment of a variety of factors, which may include the liquidity of the real estate market in which most of our collateral is located, employment rates, general economic conditions, the cost of funds relative to the yield curve, the potential for losses and extension risk in our portfolio, the gap between the duration of our assets and liabilities, our opinion regarding the creditworthiness of our borrowers, the value of the collateral underlying our portfolio, and our outlook for interest rates and property values. We intend to use leverage for the sole purpose of financing our portfolio and not for speculating on changes in interest rates. We commenced operations in December 2010 with no capital. By January 2011, we had raised $443,000 of initial capital, including $75,000 from an affiliate of ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇. At December 31, 2016, members’ equity was $28.5 million, of which $3.6 million was contributed by ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ and ▇▇▇▇ ▇. ▇▇▇▇▇▇▇, CPA, our co-chief executive officers, and their affiliates. In February 2017, we raised $13 million of equity capital in the IPO. On the Closing Date, we entered into an agreement with the Lenders under which they agreed to provide us with the ▇▇▇▇▇▇▇ Facility to replace the Bankwell Credit Line, which has now been repaid in full and terminated. The ▇▇▇▇▇▇▇ Facility is secured by a first priority lien on substantially all of our assets. Amounts outstanding under the new credit facility bear interest at a floating rate equal to the 30-day LIBOR rate plus 4.00% per annum. All outstanding amounts under the ▇▇▇▇▇▇▇ Facility including accrued but unpaid interest will be due and payable on May 11, 2022. Under the terms of the ▇▇▇▇▇▇▇ Facility, we may draw up to 75% of “Eligible Mortgage Loans,” as defined. As of the Closin...

Financing Strategy. BAE will evaluate the full range of existing and potential new funding sources including use of value capture. This work will include a review with the City of current impact fees and the potential for including new improvements in the relevant programs. BAE will identify the potential tax increment that could be available from an Enhanced Infrastructure Finance District (EIFD) as well, since the use of tax increment would not create an additional burden for new development. Since there are currently businesses operating profitably along the corridor, we will also evaluate the potential for a new Assessment District that can benefit existing businesses and address some of the existing issues, leading to an increase in property values that can attract new development and generate the potential for future value capture financing. Potential grant funding sources will also be evaluated.

Financing Strategy o Advise on, design, and assist in the implementation of financing strategies intended to enhance Company’s managed Net Asset Value (mNAV). o Provide input on transaction structuring, investor engagement, and capital allocation initiatives.

Financing Strategy. The project promoters have presented that the investment to the interconnection is foreseen to be financed partially by EU funds and the remaining part by the project promoters. The Finnish TSO’s remaining part of the investment costs after EU funding will be covered with 20% equity and 80% debt, with assumption of 2% cost of debt. The Swedish TSO’s part of the investment after EU funding will be financed primarily with debt from the Swedish national debt office. As the project cluster will increase cross-border capacity the project promoters are allowed to finance investments also with congestion income. However, the project promoters have not taken congestion income into account in the financing plan due to the unpredictability of the congestion income.