Affordability Ceiling definition

Affordability Ceiling means the maximum sum of the nominal milestone payments (inclusive of all taxes except HST) to be paid to the Design-Builder as defined in the Design-Build Agreement.
Sample 1Sample 2
Affordability Ceiling means the maximum value of the net present cost of all periodic payments (inclusive of allowable escalations and all taxes except GST) discounted using the maximum Project IRR.
Sample 1
Affordability Ceiling means the maximum value of the net present cost (NPC) of all service payments over the term of the Project Agreement plus the NPC of the notional Provincial Treasury loan repayment on the progress payments over construction, discounted using 7.5 per cent.
Sample 1

Examples of Affordability Ceiling in a sentence

  • The various Debt Affordability Ceiling, as discussed earlier in Debt Affordability and Capacity, are not exceeded except as provided for in said section.

  • The Debt Affordability Ceiling for debt service on non-voter approved debt shall be no more than 6 percent of General Revenues.

  • The Debt Affordability Ceiling for debt service on voter-approved and non-voter approved debt combined shall be no more than 15 percent.

  • A key objective of the Competitive Selection Process is to maximize the Project scope while meeting the Project’s Affordability Ceiling requirements.

  • This Nominal Cost will be compared to the Affordability Ceiling for evaluation purposes as described in Appendix A of this RFP.

  • B – FINANCIAL SUBMISSION Each Proponent should indicate that it believes the Affordability Ceiling has not been exceeded in its Financial Submission and also indicate what, if any, scope ladder items were used to allow the Nominal Cost of the Proposal to be below the Affordability Ceiling Proposals will be examined to determine whether the requirements of this RFP in respect of the Affordability Ceiling have been satisfied.

  • Each Proposal determined as meeting the requirements referenced in paragraph 1 above will be examined to identify the extent to which, if at all, scope ladder items, as described in Section 4.3 of this RFP, have been used to achieve the Affordability Ceiling requirements.

  • The Authority has identified a mandatory Affordability Ceiling of $37.225 million (the “Affordability Ceiling”) for the Nominal Cost of the Project.

  • In determining the Affordability Ceiling, the Authority and its advisors developed a shadow financial model based on the requirements of the Draft Design-Build Agreement, including the Statement of Requirements, the Indicative Design, costing information and market-based financial and other assumptions, including all Project capital and development costs (which do not include interest) included in the Breakdown of Contract Price.

  • If not all of the elements of the Statement of Requirements of the Draft Design-Build Agreement are achievable within the Affordability Ceiling, a Proponent may propose to amend the scope of the Project as set out in the Statement of Requirements in order to ensure that the Nominal Cost of its Proposal is equal to or below the Affordability Ceiling.


More Definitions of Affordability Ceiling

Affordability Ceiling means the maximum value of the net present cost (NPC) of a notional loan in the amount of the construction period progress payments and all annual service payments (inclusive of allowable escalations and all taxes except GST) discounted using a prescribed discount rate.
Sample 1
Affordability Ceiling means the maximum total cost of the Project.
Sample 1Sample 2

Related to Affordability Ceiling

  • Affordability means a housing unit that satisfies at least one of the following criteria:

  • Affordability average means the average percentage of median income at which restricted units in an affordable housing development are affordable to low- and moderate-income households.

  • Affordability Period means the period during which the average rent in a Project is required to be maintained at an affordable level, as determined in accordance with the Program Guidelines or as otherwise established by the County;

  • Insurance Affordability Program means a program that is one of the following:

  • Period of Affordability means the time during which HOME Loan financed units must remain affordable to eligible households, as defined by HOME program regulations and this Plan. The Period of Affordability shall commence upon completion of the project and shall run for the period required under HOME regulations or the term of the HOME Loan, whichever is greater. Completion shall be defined as set forth in the HUD regulations for the HOME program.

  • Turbidity means the cloudy condition of water due to the presence of extremely fine particulate materials in suspension that interfere with the passage of light.

  • Energy efficiency portfolio standard means a requirement to

  • System Availability means, with respect to any particular calendar month, the ratio obtained by subtracting Unscheduled Downtime during such month from the Total Monthly Time, and thereafter dividing the difference so obtained by the Total Monthly Time. Represented algebraically, System Availability for any particular calendar month is determined as follows:

  • Efficiency means the gas turbine manufacturer's rated heat rate at peak load in terms of heat input per unit of power output based on the lower heating value of the fuel.

  • Operating Margin means the incremental adjustments, measured in megawatts, required in PJM Region operations in order to accommodate, on a first contingency basis, an operating contingency in the PJM Region resulting from operations in an interconnected Control Area. Such adjustments may result in constraints causing Transmission Congestion Charges, or may result in Ancillary Services charges pursuant to the PJM Tariff. Operating Margin Customer:

  • New Jersey Stormwater Best Management Practices (BMP) Manual or “BMP Manual” means the manual maintained by the Department providing, in part, design specifications, removal rates, calculation methods, and soil testing procedures approved by the Department as being capable of contributing to the achievement of the stormwater management standards specified in this chapter. The BMP Manual is periodically amended by the Department as necessary to provide design specifications on additional best management practices and new information on already included practices reflecting the best available current information regarding the particular practice and the Department’s determination as to the ability of that best management practice to contribute to compliance with the standards contained in this chapter. Alternative stormwater management measures, removal rates, or calculation methods may be utilized, subject to any limitations specified in this chapter, provided the design engineer demonstrates to the municipality, in accordance with Section IV.F. of this ordinance and N.J.A.C. 7:8-5.2(g), that the proposed measure and its design will contribute to achievement of the design and performance standards established by this chapter.

  • Resource Adequacy Requirements has the meaning set forth in Section 3.3.

  • Transmission Reliability Margin or “TRM” shall mean the amount of transmission transfer capability necessary to provide reasonable assurance that the interconnected transmission network will be secure. TRM accounts for the inherent uncertainty in system conditions and the need for operating flexibility to ensure reliable system operation as system conditions change.

  • Availability Standards has the meaning set forth in the CAISO Tariff.

  • Irrigation efficiency (IE) means the measurement of the amount of water beneficially used divided by the amount of water applied. Irrigation efficiency is derived from measurements and estimates of irrigation system characteristics and management practices. The irrigation efficiency for purposes of this ordinance are 0.75 for overhead spray devices and 0.81 for drip systems.

  • Buyer’s Margin Amount”, with respect to any Transaction as of any date, the amount obtained by application of the Buyer’s Margin Percentage to the Repurchase Price for such Transaction as of such date;

  • Utilization means public usage of the subway, bus, railroad

  • Network Availability means the capability of the equipment to resume functions after a remotely initiated trigger has been detected by a network port;

  • Retail margin means an amount, reflecting differences in

  • Emergency procurement means an acquisition resulting from an emergency need.

  • Energy efficiency improvement means equipment, devices, or materials intended to decrease energy consumption, including, but not limited to, all of the following:

  • Service Availability The total number of minutes in a calendar quarter that the Tyler Software is capable of receiving, processing, and responding to requests, excluding maintenance windows, Client Error Incidents and Force Majeure.

  • Resource Adequacy means the procurement obligation of load serving entities, including Buyer, as such obligations are described in CPUC Decisions D.00-00-000 and D.00-00-000 and subsequent CPUC decisions addressing Resource Adequacy issues, as those obligations may be altered from time to time in the CPUC Resource Adequacy Rulemakings (R.) 00-00-000 and (R.) 00-00-000 or by any successor proceeding, and all other Resource Adequacy obligations established by any other entity, including the CAISO.

  • Utilization management section means “you or your authorized representative.” Your representative will also receive all notices and benefit determinations.

  • Capture efficiency means the weight per unit time of VOC entering a capture system and delivered to a control device divided by the weight per unit time of total VOC generated by a source of VOC, expressed as a percentage.

  • In-situ conservation means the conservation of ecosystems and natural habitats and the maintenance and recovery of viable populations of species in their natural surroundings and, in the case of domesticated or cultivated species, in the surroundings where they have developed their distinctive properties.