80/20 Ratio definition

80/20 Ratio refers to the Project being financed 80% by total Debt financing pursuant to Senior Commercial Debt and 20% by total equity financing as contemplated by section 6.1 of the Processing Agreements, or such other lower ratio of total Debt financing to total equity financing as agreed by the Lenders from time to time, where all Advances under the Class A Subordinated Debt Facility and the Class B Subordinated Debt Facility, interest accruing thereunder prior to COD and Net Grant Amounts (as defined in the Processing Agreements) are deemed to be equity financing.
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Examples of 80/20 Ratio in a sentence

  • In this Agreement, unless something in· the subject matter or context is inconsistent therewith: "80/20 Ratio" refers to the Project being financed 80% by total Debt financing pursuant to Senior Commercial Debt and 20% by total equity financing as contemplated by section 6.1 of the Processing Agreements, or such other lower ratio of total Debt financing to total equity financing as agreed by the Subordinated Debt Lenders from time.

  • In the event that Senior Commercial Debt is subsequently available to the Borrower at a lower leverage than the 80/20 Ratio but meets the indicative spread test in item (ii) of the definition of Acceptable Senior Commercial Debt, the amount of Tranche 2 of the Class B Subordinated Debt Facility available to the Borrower for each Advance may be reduced by the Lenders, at their option, by the amount of such Senior Commercial Debt which is available to fund completion of construction of the Project to COD.

  • Such Drawdown Schedule shall take into consideration the availability of Debt under the then- applicable Senior Commercial Debt Agreements, if any, and achieving the 80/20 Ratio in respect of Advances under the Class A Subordinated Debt Facility.

  • With an 80:20 Ratio of Hardwood to Softwood, our pellets are superior to the industry averages due to specific reasons such as: Low moisture content, low ash content, and high BTU value.

  • For greater certainty, Tranche 2 of the Class A Subordinated Debt Facility shall be available for a period of six (6) Months after COD to the extent a Drawdown thereunder is required to achieve the 80/20 Ratio or to finance Facility Capital Costs at the 80/20 Ratio.