Cost of Debt Sample Clauses

Cost of Debt. The Cost of Debt will be the weighted average cost of long- term debt incurred by EPI arising from debt securities issuances for Alberta Clipper Canada. EPI will, acting reasonably, seek to issue the Alberta Clipper Canada long- term debt at points of time either shortly before or shortly after the In-Service Date of Alberta Clipper Canada in order to take advantage of suitable market conditions. EPI will issue debt in notional sizes and maturities that seek to minimize refinancing risks while managing total interest cost. EPI debt securities issuances will be specifically attributed to Alberta Clipper Canada, in whole or in part, to match the aggregate debt component of the Alberta Clipper Canada rate base. EPI will identify such debt as attributable to Alberta Clipper Canada, and will notify XXXX within fifteen business days after the receipt of proceeds of such debt. To the extent any Alberta Clipper Canada long-term debt matures during the Term, the interest cost of the then-issued refinancing debt will be incorporated into the Cost of Debt. EPI will actively manage the issuance of the appropriate amount of debt associated with Alberta Clipper Canada in a commercially reasonable manner throughout the Term. The Cost of Debt shall not be determined on a project financing basis.
Sample 1Sample 2
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Cost of Debt. The Percentage Cost of New Debt in Year y (CNDuy) is determined as follows: CNDuy = GBYy + PASuy where PASuy is the Percentage Allowed Spread (the spread between long term government bond yields and corporate debt set out in the Table in Article C7) and GBYy is the Percentage Long Term Government Bond Yield in Year y and is defined as the average of daily close of trading yields (%) for Canadian government bonds of 10 Years or more maturity for all trading days in the months of September, October and November of the previous Year (ie: y-1) published in the Bank of Canada’s weekly Financial Statistics publication. (CANSIM code: Bl 14022 for daily data). The Weighted Average Cost of Debt (WACDuy) is determined as follows: WACDuy = 100 x ([XDuy/100] x [CEDuy /100]) + ([1 -XDuy/100] x [CNDuy /100]) where XDuy is the Percentage Existing Debt in total debt in Year y set out in the Table in Article C7, CEDuy is the Percentage Average Embedded Cost of Existing Debt in Year y set out in the Table in Article C7 and CNDuy is the Percentage Cost of New Debt. The Cost of Debt (CODuy) shall be determined as follows: CODuy = ISCuyx (SDuy/100)x (WACDuy/100) where SDuy is Percentage Share of Debt in investor supplied capital set out in the Table in Article C7 and WACDuy is the Weighted Average Cost of Debt in Year y. C3.10 Cost of Common Equity TAEPu(y-1) = Smy EPum where Smy EPum means the sum of all Energy Payments in respect of this Unit u for all Months m in the previous Year (Year y-1) determined pursuant to Schedule. The aggregate Fixed and Variable Fuel and Non-Fuel Operating Expenses in Year y (FXVEuy) shall be calculated as follows: FXVEuy = IFOMCCuy + IFFCuy + TAEPu(y-1) + COP uy + CODuy The Percentage Return on Common Equity Share of Rate Base (ROEuy) shall be calculated as follows: ROEuy = GBYy + ERPuy INDEPENDENT ASSESSMENT TEAM 19 Final Version Sundance Units 5 and 6 Schedule C where GBYy is the Percentage Long Term Government Bond Yield and ERPuy is the Percentage Equity Risk Premium set out in the Table in Article C7. Minimum Allowed Equity Return in Year y (MROEuy) is determined as follows: MROEuy = M/100 x FXVEuy where M is the Minimum Cash Return and equals 2%. The Cost of Common Equity (COEuy) shall be calculated as follows: COEuy = max[MROEuy, ISCuy x (SCEuy/100) x (ROEuy/100)] where MROEuy is the Minimum Allowed Equity Return in Year y, SCEuy is the Percentage Share of Common Equity and ROEuy is Percentage Return on Common Equity Share of Rate Base. C...
Sample 1
Cost of Debt. The Cost of Debt will be the weighted average cost of long- term debt incurred by EPI arising from debt securities issuances for the Line 4 Extension. EPI will, acting reasonably, seek to issue the Line 4 Extension long-term debt at points of time either shortly before or shortly after the In-Service Date of the Line 4 Extension in order to take advantage of suitable market conditions. EPI will issue debt in notional sizes and maturities that seek to minimize refinancing risks while managing total interest cost. EPI debt securities issuances will be specifically attributed to the Line 4 Extension, in whole or in part, to match the aggregate debt component of the Line 4 Extension rate base. EPI will identify such debt as attributable to the Line 4 Extension, and will notify XXXX within fifteen business days after the receipt of proceeds of such debt. To the extent any Line 4 Extension long-term debt matures during the Term, the interest cost of the then-issued refinancing debt will be incorporated into the Cost of Debt. XXX will actively manage the issuance of the appropriate amount of debt associated with the Line 4 Extension in a commercially reasonable manner throughout the Term. The Cost of Debt shall not be determined on a project financing basis.
Sample 1
Cost of Debt. The annual interest rate on 70% of the Rate Base (the “Project Debt Interest Rate”) will be the weighted average of the market based interest rates borne by Carrier in connection with debt financing of the Capital Costs, taking into account applicable transaction costs and the impact of any interest rate hedging costs or related settlement amounts, if applicable (such annual cost rate on debt multiplied by 70% of the Rate Base being the “Cost of Debt”).
Sample 1
Cost of Debt. The cost of debt is the average annual interest rate paid on the Owner(s) portfolio of outstanding long-term debt. For the purposes of this Agreement, the cost of debt shall be calculated as follows:
Sample 1
Cost of Debt. Pre-Tax Cost of Debt (Kd) (4) 8.00% Cost of Equity ------- -------------------------------------------------- Ke=Rf+BL*(Rm-Rf)+SSR 20.10% WACC=[((Kd)*(%D))*(1-t)]+((Ke*(%E)) 17.36% ------- -------------------------------------------------- ---------------------------------------------------------------------------------------------------------------
Sample 1
Cost of Debt. Cost of Short-term Debt All parties accepted NRG’s cost of short-term debt of 8.27% (E3/T1/S3/updated). NRG explained that the cost of short-term debt is 8.27% rather than 8.25% because fiscal 2000 is a leap year. Therefore, one extra day of interest must be paid.
Sample 1
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Related to Cost of Debt

  • Total Indebtedness Create, incur, assume, or suffer to exist, or permit any Subsidiary of Borrower to create, incur or suffer to exist, any Indebtedness, except:

  • Consolidated Capital Expenditures (i) Company will not, and will not permit any of its Subsidiaries to, make or commit to make Consolidated Capital Expenditures in any Fiscal Year, beginning with the Fiscal Year ending December 31, 2003, except Consolidated Capital Expenditures which do not aggregate in excess of the corresponding amount set forth below opposite such Fiscal Year: Fiscal Year Consolidated Capital Expenditures Fiscal Year ending December 31, 2003 $ 5,000,000 Fiscal Year ending December 31, 2004 $ 5,000,000 Fiscal Year ending December 31, 2005 and each Fiscal Year thereafter $ 7,000,000 provided that (a) if the aggregate amount of Consolidated Capital Expenditures actually made in any such Fiscal Year shall be less than the limit with respect thereto set forth above (before giving effect to any increase therein pursuant to this proviso) (the “Base Amount”), then the amount of such shortfall (up to an amount equal to 50% of the Base Amount for such Fiscal Year, without giving effect to this proviso) may be added to the amount of such Consolidated Capital Expenditures permitted for the immediately succeeding Fiscal Year and any such amount carried forward to a succeeding Fiscal Year shall be deemed to be used prior to Company and its Subsidiaries using the amount of capital expenditures permitted by this section in such succeeding Fiscal Year, without giving effect to such carryforward and (b) for any Fiscal Year (or portion thereof) following any acquisition of a business (whether through the purchase of assets or of shares of capital stock) permitted under subsection 6.7, the Base Amount for such Fiscal Year (or portion) shall be increased, for each such acquisition, by an amount equal to the product of (A) the lesser of (x) $5,000,000 and (y) 4% of revenues of the business acquired in such acquisition for the period of four Fiscal Quarters most recently ended on or prior to the date of such business acquisition multiplied by (B) (x) in the case of any partial Fiscal Year, a fraction, the numerator of which is the number of days remaining in such Fiscal Year after the date of such business acquisition and the denominator of which is 365 (or 366 in a leap year), and (y) in the case of any full Fiscal Year, 1.

  • Incurrence of Debt Promptly (but in any event within one (1) Business Day) upon receipt by any Credit Party or any Restricted Subsidiary of any Credit Party of the Net Cash Proceeds of the incurrence of Indebtedness (other than Net Cash Proceeds from the incurrence of Indebtedness permitted hereunder), the Borrower shall deliver, or cause to be delivered, to Agent an amount equal to 100% of such Net Cash Proceeds for application to the Loans in accordance with Section 1.8(f).

  • Interest Expense Coverage Ratio The Borrower will not permit the ratio of (i) Consolidated EBITDA to (ii) Consolidated Cash Interest Expense for any period of four consecutive fiscal quarters to be less than 3.75 to 1.00.

  • Interest Expense For any period with respect to Parent Company and its Subsidiaries, without duplication, (a) interest (whether accrued or paid) actually payable (without duplication), excluding non-cash interest expense but including capitalized interest not funded under an interest reserve pursuant to a specific debt obligation, together with the interest portion of payments on Capitalized Leases, plus (b) Parent Company’s and its Subsidiaries’ Equity Percentage of Interest Expense of their Unconsolidated Affiliates for such period.

  • Total Debt The Company will not at any time permit Consolidated Total Debt to exceed any of the following:

  • Consolidated EBITDA With respect to any period, an amount equal to the EBITDA of Borrower and its Subsidiaries for such period determined on a Consolidated basis.

  • Funded Debt to EBITDA Ratio A. Funded Debt

  • Consolidated Leverage Ratio Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 2.50 to 1.0.

  • Funded Debt No Borrower Party will, or will permit any of its Subsidiaries to, create, assume, incur, or otherwise become or remain obligated in respect of, or permit to be outstanding, any Funded Debt except:

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