Financial Model definition
Examples of Financial Model in a sentence
DOE may reject in writing any portion of such proposed amended O&M Budget that (x) following DOE’s approval of the concurrently delivered Base Case Financial Model, is inconsistent with such approved Base Case Financial Model, (y) would result in Borrower being unable to satisfy the Debt Service Coverage Ratios and the financial ratios required to be maintained pursuant to Section 7.21 (Financial Ratios), or (z) would result in a Default or an Event of Default.
DOE may reject in writing any portion of the O&M Budget that (x) is inconsistent with the most recently approved Base Case Financial Model, (y) would result in Borrower being unable to satisfy the Debt Service Coverage Ratios and the financial ratios required to be maintained pursuant to Section 7.21 (Financial Ratios), or (z) would result in a Default or an Event of Default.
Each such O&M Budget shall be consistent with the Base Case Financial Model being submitted concurrently to DOE for approval in accordance with Section 8.02(a) (Annual Omnibus Reports) and shall be accompanied by a certification of a Responsible Officer of the Borrower that, to the best of such Responsible Officer’s Knowledge, such proposed O&M Budget is a reasonable estimate for the period covered thereby and is in compliance with the requirements of this Section 7.27 (O&M Budget).
Unless rejected by DOE as specified above, such proposed amendment shall become effective on the date that the corresponding revisions to the Base Case Financial Model are approved by DOE and, until such approval, the Borrower shall comply with the approved O&M Budget until the proposed amendment is approved by DOE.
Additional conditions precedent, if any, to be included following review of the Base Case Financial Model and ongoing diligence.