Balancing Ratio definition
Balancing Ratio shall have the meaning provided in Tariff, Attachment DD, section 10A.
Balancing Ratio shall have the meaning provided in section 10A.
Balancing Ratio means, as of any time of determination, the ratio of (a) the outstanding balance of Term Loan A as of such time to (b) the sum of the Revolving Commitment, the outstanding balance of Term Loan A, and the outstanding balance of Term Loan B, each as of such time.
Examples of Balancing Ratio in a sentence
Balancing Ratio is a ratio used in calculating the Capacity Performance Payment in the Forward Capacity Market, as described in Section III.13.7.2.3 of Market Rule 1.
In addition, any reduction in the Revolving Commitment required or permitted under Section 2.17 or otherwise required hereunder shall be accompanied by a payment (a "Balancing Payment") on Term Loan A in an amount sufficient to cause the Balancing Ratio prior to such reduction and payment to be equal to the Balancing Ratio after giving effect to such reduction and payment.