Examples of TAPC in a sentence
Restrictions on Non-Recourse DebtThe Melancthon Wolfe Wind, Pingston, TAPC Holdings LP, New Richmond, KHWLP, and Mass Solar non-recourse bonds of $1,022 million (Dec.
The Melancthon Wolfe Wind LP, TAPC Holdings LP, New Richmond Wind LP, Kent Hills Wind LP, TEC Hedland Pty Ltd notes, Windrise Wind LP and TransAlta OCP LP non-recourse bonds are subject to customary financing conditions and covenants that may restrict the Company’s ability to access funds generated by the facilities’ operations.
TAC shall pay TAPC, upon being invoiced by TAPC, fees for such throughput as set forth in the TAPC Tariff, and shall pay TAPC shortfall payments equal to the difference between (i) the TAPC Minimum Commitment multiplied by the fees to be paid to TAPC set forth in the TAPC Tariff and (ii) the amount actually throughput by TAC on the Tesoro Alaska Pipeline multiplied by the fees to be paid to TAPC set forth in the TAPC Tariff.
Tesoro hereby represents and warrants to the General Partner, the Partnership, the Operating Company and TLP, as of the Execution Date and the Second Closing Date, that (a) Tesoro owns and shall transfer to the General Partner good and valid title to the TAPC Equity, free and clear of any encumbrances; and (b) TAPC is not engaged in any business other than owning and operating Tesoro Alaska Pipeline and related assets.
Kent Hills Wind LP cannot make any distributions to its partners until the foundation replacement work has been completed and TAPC Holdings LP has been impacted by higher interest rates in 2023.
The Melancthon Wolfe Wind LP, Pingston Power Inc., TAPC Holdings LP, New Richmond Wind LP, Kent Hills Wind LP, TEC Hedland Pty Ltd and Windrise Wind LP non-recourse bonds and the TransAlta OCP LP bond, with a total carrying value of $1.7 billion as at Dec.
These conditions include meeting a debt service coverage ratio prior to distribution, which was met by these entities in the second quarter of 2023, with the exception of Kent Hills Wind LP and TAPC Holdings LP, which has been impacted by higher interest rates.
Restrictions related to Non-Recourse Debt and Other Debt The Melancthon Wolfe Wind, Pingston, TAPC Holdings LP, New Richmond, KHWLP, TEC Hedland and TransAlta OCP non-recourse bonds with a carrying value of $1.8 billion as at Dec.
These conditions include meeting a debt service coverage ratio prior to distribution, which was met by these entities in the fourth quarter of 2023, with the exception of Kent Hills Wind LP and TAPC Holdings LP.
The Melancthon Wolfe Wind LP, Pingston Power Inc., TAPC Holdings LP, New Richmond Wind LP, Kent Hills Wind LP, TEC Hedland Pty Ltd notes, Windrise Wind LP and TransAlta OCP LP non-recourse bonds are subject to customary financing conditions and covenants that may restrict the Company’s ability to access funds generated by the facilities’ operations.