Availability based definition

Availability based means that, once the construction is completed, the obligor is entitled, as long as the contract conditions are fulfilled, to payments from its contractual counterparties which cover operating and maintenance costs, debt service costs and equity returns as the obligor operates the project, and these payments are not subject to swings in demand, such as traffic levels, and are adjusted typically only for lack of performance or lack of availability of the asset to the public;
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Availability based. PBI means the core measurement of performance is determined by the availability of the facility for use to a certain standard. Failure to have the facility available for use to a given standard will result in appropriate deductions to the annual service payment paid to the private party.
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Examples of Availability based in a sentence

  • Paydate C Paydate C Paydate F Euroclear N/A C Paydate C =========================== ================= ============ ========================== ========================== Legend C = Clearinghouse Funds F = Fed Funds N/A = Not Applicable * Availability based on how received.

  • The Lender will determine the Borrowing Availability based on the Loan Value of each Borrowing Base Unit financed under the construction facility in accordance with the terms of the Existing Agreement.

  • Agent shall have the right to increase Reserves Against Availability based on any variance revealed by any physical inventory counts.

  • Provider calculates Service Availability based on both the monitoring system and the incident report from Provider’s engineering team.

  • It shall be assumed that in the first twelve months following the Commencement Date (“Initial Period”) the Availability was equal to the greater of (i) the Initial Period’s Availability based upon actual 12-month data for the Initial Period, or (ii) [**] percent ([**]%).

  • During the Availability Term, Supplier shall calculate the Measured Average Availability based on the formula set forth below within thirty (30) days after the end of each Production Period.

  • The Collateral Report shall also contain a calculation of Loan Availability based on the most current information with regard to Eligible Accounts and Eligible Inventory.

  • As of the Business Day immediately preceding the requested issuance date of the Letter of Credit set forth in the notice from a Borrower pursuant to Section 2.3(d)(i), the Agents shall determine (A) the amount of the Unused Letter of Credit Subfacility and (B) the Unused Availability (based solely on the Borrowing Base Certificate most recently delivered to the Agents).

  • Euroclear N/A C Paydate C Legend ------ C = Clearinghouse Funds F = Fed Funds N/A = Not Applicable * Availability based on how received.

  • Inventory reported on the Borrowing Base Certificate shall only be updated monthly, except if, and as long as, Availability based upon eligible Real Estate is less than $11,000,000.00, Inventory shall be provided no less frequently than weekly, using purchases, sales and applied gross margins to calculate such Inventory.

Related to Availability based

  • Availability Block means $15,000,000.

  • Availability Amount is (a) the lesser of (i) the Revolving Line or (ii) the amount available under the Borrowing Base minus (b) the outstanding principal balance of any Advances.

  • Maximum Availability has the meaning set forth in Section 2.1.1.

  • 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:

  • Borrowing Base Availability means, at the time of any determination, an amount equal to the lesser of the Borrowing Base at such time and the aggregate amount of the Commitments at such time.