Base Case Financial Model definition

Base Case Financial Model means the base case financial model agreed by the Parties in writing as accurately representing the terms and conditions of the financing for the Project on a limited recourse or project finance basis and furnished by the Feed-in Approval Holder to the Distribution Licensee on or before the date of the Financial Closing Date for the Initial Financing Documents;

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Base Case Financial Model means a financial model prepared by the Borrower forecasting the revenues and expenditures of the Project for time periods through the Final Maturity Date and based upon assumptions and methodology provided by the Borrower and acceptable to the TIFIA Lender as of the Effective Date, which model shall be provided to the TIFIA Lender as a fully functional Microsoft Excel – based financial model or such other format requested by the TIFIA Lender.

Base Case Financial Model means the Initial Base Case Financial Model, as the same may be updated from time to time by any Updated Base Case Financial Model.

Examples of Base Case Financial Model in a sentence

• The New Permits shall not be subject to any restriction, condition, limitation or other provision that could reasonably be expected to result in the Project being operated in a manner inconsistent with the Base Case Financial Model other than any inconsistency that could reasonably be expected to result in (x) gains to Borrower or (y) losses, costs or expenses to Borrower that are not material.

• The Equity Contributing Parties shall have contributed to the Project Account the equity portion of funding necessary such that the Maximum Loan-to-Eligible Project Costs Ratio (taking into account any in-kind Equity Contribution at the budgeted amount included in the Base Case Financial Model as set forth in Exhibit E-5) upon the funding of Loans to be made on the Borrowing Date does not exceed the Maximum Loan-to-Eligible Project Costs Ratio.

• Delivery of (a) the Construction Budget, (b) the Project Schedule, and (c) a sources and uses of funds demonstrating that the Facility, together with the Equity Contributions required to be made under the Equity Contribution Agreement and Guaranty, equal or exceed the anticipated total Project Costs as set forth in the Base Case Financial Model.

• The Applicable Permits shall not be subject to any restriction, condition, limitation or other provision that could reasonably be expected to result in the Project being constructed or operated in a manner inconsistent with the Base Case Financial Model other than any inconsistency that could reasonably be expected to result (x) in gains to Borrower or (y) in losses, costs or expenses to Borrower that are not material.

• The Applicable Permits are not subject to any restriction, condition, limitation or other provision that could reasonably be expected to result in the Project being constructed or operated in a manner inconsistent with the Base Case Financial Model other than any inconsistency that could reasonably be expected to result in (x) gains to Borrower or (y) losses, costs or expenses to Borrower that are not material.

More Definitions of Base Case Financial Model

Base Case Financial Model means a financial model prepared by the Borrower forecasting the costs of the Project and the revenues and expenses of the Project for time periods through the Final Maturity Date and based upon assumptions and methodology provided by the Borrower and acceptable to the WIFIA Lender as of the Effective Date, which financial model (i) reflects principal amortization and interest payment schedules acceptable to the WIFIA Lender and (ii) shall be provided to the WIFIA Lender as a fully functional Microsoft Excel – based financial model or shall use such other format requested by the WIFIA Lender.

Base Case Financial Model means a financial model prepared by the Borrower forecasting cash flows, including all funding sources and expenditures of the Project and the availability of Sales Tax Revenues and Debt Service for time periods through the Final Maturity Date and based upon assumptions and methodology provided by the Borrower and acceptable to the TIFIA Lender as of the Effective Date, which model shall be provided to the TIFIA Lender as a fully functional Microsoft Excel – based financial model or such other format requested by the TIFIA Lender.

Base Case Financial Model means the financial model described on ------------------------- Exhibit A to the Services and Supply Agreement.

Base Case Financial Model means the financial base case for the Project attached to this Agreement at Schedule 3 (Base Case Financial Model titled [ ] PPP Project - Base Case Financial Model Version [ ]) in electronic format on a CD, which model incorporates the forecasted cash flow statements of the Private Party including all expenditure, revenues, taxation and financing of the Services together with the income statements and balance sheets for the Private Party over the Project Term, and details of all assumptions, calculations and methodology used in the compilation thereof;

Base Case Financial Model means the financial model as defined under the Finance Documents, which shall be provided at Financial Close and attached to this agreement as Annexure K (Base Case Financial Model);

Base Case Financial Model means the original version of the financial model containing assumptions agreed between the Parties as the base case in effect as from the Effective Date of the PPP Agreement;

Base Case Financial Model means the financial model attached herewith as Schedule B [Concessionaire Proposal];