Cost of Debt Sample Clauses

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:
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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.
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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. 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. 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

  • Payment of Debt Borrower will pay the Debt at the time and in the manner provided in the Note and in this Security Instrument.

  • Funded Indebtedness 2 GAAP............................................................ 6

  • Repayment of Debt Upon the terms and subject to the conditions set forth herein, substantially concurrent with the execution and delivery of this Agreement by the parties hereto, the Company agrees to sell, and the Creditors, severally and not jointly, agree to cancel the Debt, up to an aggregate of $124,184.26 as the payment for the Shares at a price of $0.460829 per share. Each Creditor’s Debt Cancellation Amount as set forth on the signature page hereto executed by such Creditor shall be settled for “Delivery Versus Payment” with the Company. The Company shall deliver the Shares to the Creditors as the repayment of Debt within 30 days of this Agreement.

  • 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 Company shall not, and shall not permit its Subsidiaries to, make or incur Consolidated Capital Expenditures, in any Fiscal Year indicated below, in an aggregate amount in excess of the corresponding amount (the “Maximum Consolidated Capital Expenditures Amount”) set forth below opposite such Fiscal Year; provided that the Maximum Consolidated Capital Expenditures Amount for any Fiscal Year shall be increased by (i) an aggregate amount equal to the Net Securities Proceeds received by Company in such Fiscal Year from the issuance of any Capital Stock of Company or any of its Subsidiaries, but solely to the extent such Net Securities Proceeds are not applied to increase the limit under subsection 7.3(vi), (ii) to the extent Company and its Subsidiaries have generated Consolidated Excess Cash Flow in any Fiscal Quarter of such Fiscal Year in excess of $12,500,000, an amount not to exceed 50% of such excess (or 100% of such excess to the extent the Consolidated Leverage Ratio is less than 2.00:1.00 at the end of the preceding Fiscal Year), but solely to the extent that such excess is not applied to increase the limit under subsection 7.5(v), and (iii) (x) if the actual amount of Consolidated Capital Expenditures made in any Fiscal Year is less than the Maximum Consolidated Capital Expenditures Amount for such Fiscal Year (before giving effect to any increase pursuant to clause (i), (ii) or (iii) of this proviso), then an amount of such shortfall may be added to the Maximum Consolidated Capital Expenditures Amount for the immediately succeeding (but not any other) Fiscal Year and (y) in determining whether any amount is available for carryover to the succeeding Fiscal Year pursuant to the preceding subclause (iii)(x), the amount expended in any Fiscal Year shall first be deemed to be from any amount carried over to such Fiscal Year from the immediately preceding Fiscal Year and any other increases pursuant to clauses (i) or (ii) of this proviso: Fiscal Year Maximum Consolidated Capital Expenditures 2009 $ 125,000,000 2010 $ 150,000,000 2011 and each Fiscal Year thereafter $ 175,000,000

  • 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:

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