Initial Financial Model definition

Initial Financial Model means the final financial model in respect of the Project and the Closing Date Business delivered by the Principal Borrower to the Lenders and the Independent Engineer on or prior to the Closing Date.

Initial Financial Model has the meaning set forth in Section 5.10(a) .

Initial Financial Model means the financial computer model, including the Financial Model Formulas and the related output, audited by an independent model auditor reasonably acceptable to FDOT that is used to produce the financial forecasts that results in achievement of the Initial Equity IRR as described under ITP Section 6.7.2.

Examples of Initial Financial Model in a sentence

• The Initial Financial Model shall be updated for the Input Data and the CRF recalculated to achieve the sharing of cost savings achieved by the Project Company.

• The resulting Equity IRR will be the Initial Equity IRR and the resulting Financial Model will be the Initial Financial Model following completion of the requirements in ITP Section 6.7.3 by the Model Auditor.

• Where the tax benefit relates to sales tax and/ or import duty, TNB is only entitled to receive the tax benefits in excess of RM231,000,000.00 (being the amount factored in the Initial Financial Model).

• Within thirty (30) days of its receipt thereof, the Independent Engineer shall notify the Technical Agent whether or not, in its professional opinion, each of the updated Operating Plan, updated Construction Budget and updated Financial Model is in material compliance with the Initial Operating Plan, Initial Construction Budget and the Initial Financial Model, respectively.

• Sharing of Construction, Financing and Tax Cost Savings and Tariff Adjustment Pursuant to the terms of the PPA, if the cost of construction and financing of the Project are reduced below the amounts appearing in the Initial Financial Model, the Project Company is required to share 50% of the cost savings with TNB.

More Definitions of Initial Financial Model

Initial Financial Model means the financial model dated September 27, 2010 and referenced as “LRP Case #311 Sept27, 2010”.

Initial Financial Model means the financial model in relation to the Project (in electronic form, together with a print out of summary results, initialled on the first page on behalf of the Borrower and the Senior Agent for the purposes of identification) prepared for the purposes of the Senior Finance Documents, agreed by the Borrower and the Senior Agent and audited by the Model Auditor prior to the Signature Date.

Initial Financial Model shall have the meaning ascribed to it in Clause 33.1 (Initial Financial Model);

Initial Financial Model means the financial model dated September 30, 2005, incorporating the quantitative inputs from the Initial Operating Plan and Initial Construction Budget and containing as relevant additional quantitative assumptions such as for metal price forecasts, currency and inflation projections and estimates, all as have been approved and signed-off by the Independent Engineer and agreed and accepted by the Borrower and the Senior Lenders.

Initial Financial Model has the meaning given in Schedule 7.5 (Financial Reports and Audit Rights);

Initial Financial Model means the projection of the cash flows for the Equipment, the Ettrick Project and the Unit Projects delivered by the Bluewater Agent to the Facility Agent prior to the date of the Credit Agreement;

Initial Financial Model means the financial model in connection with the Prisa Group for the purposes of the Facilities agreed between the Arranger and the Borrower (for these purposes including the financial projections, forecasts and assumptions provided by the Borrower and used by the Arranger in connection with the preparation of this initial financial model).