Examples of Incremental Debt in a sentence
We find a higher attrition rate for bonds and non-bank private debt relative to bank loans due to a small number of frequent bond market issuers.15 (ii) Univariate Analysis of the Choice of Incremental Debt Source The summary statistics for debt issuance in Table 5 highlight that the majority of our bank loans are syndicated and not the single lender bilateral type loans often implicit in theoretical models of bank monitoring.
VSB) (76.3) (33.6) (2.0) 10.4 15.1 5.5 ------- ------ ------ ------ ------ ------ EBIT Differential 0.0 (2.6) (13.8) (22.9) (31.4) (39.0) Incremental Debt 0.0 2.6 16.4 39.3 70.7 109.7 ------- ------ ------ ------ ------ ------ Incremental Interest Expense @ 9.3% 0.0 0.1 0.9 2.6 5.1 8.3 Old Net Income $(300.0) $(20.3) $(13.6) $ 7.7 $ 20.7 $ 20.5 New Net Income (Excl.
Subject to the Incremental Debt Conditions, the Company may pay to any Incremental Facility Lender under an Incremental Facility a fee in the amount and at the times agreed between the Parent and that Incremental Facility Lender in a Fee Letter.
The first component, and primary driver, of the Stress Test model is the implied maximum additional debt that a utility can take on and maintain a minimum investment grade issuer-level credit rating (the “Maximum Incremental Debt Capacity”).
The Customer Harm Threshold is adjusted upward to include those cash and cash equivalents above a desirable minimum cash level that are not captured by the implied Maximum Incremental Debt Capacity analysis (“Excess Cash”).
The establishment of an Incremental Facility will only be effected in accordance with Clause 8.5 (Establishment of Incremental Facilities) if the Incremental Debt Conditions are satisfied.
The implied Maximum Incremental Debt Capacity value from the different financial metrics will likely not match; therefore, a utility should seek to maximize its Maximum IncrementalDebt Capacity within the rating agencies’ frameworks for purposes of determining the Customer Harm Threshold.within the one year prior to the utility’s filing of an application to recover Stress Test costs.
If the benefits of NOLs are partially captured with the Maximum Incremental Debt Capacity (through increased FFO) and some might occur later in time, then that residual benefit should be captured through a balancing account.V. Ratepayer Protection MeasuresAs part of a Stress Test application, a utility must include Ratepayer Protection Measures to mitigate harm to ratepayers.
The volatility table referenced may change as S&P’s view of a utility’s operating environment changes.calculate the Maximum Incremental Debt Capacity the utility could take on and achieve the target credit rating.
Other Parties Recognize The Strong Performance In PG&E’s Financial Projections And PG&E’s Commitment To Additional Equity Contributions To Pay Down Incremental Debt.