Examples of Financial Model in a sentence
Prior to implementing any adjustments to the Service Payments contemplated in Section 11.3 of this Agreement, BC Hydro may, at its own expense, review and audit the revised Financial Model prepared by Project Co and Project Co will provide such information as is reasonably required by BC Hydro to conduct such audit.
Project Co will pay BC Hydro’s reasonable internal administrative and personnel costs and all reasonable out-of-pocket costs in connection with a consent under Section 6.2 of this Agreement, including any audit of the Financial Model, books, records and other documentation pursuant to Section 6.8 of this Agreement.
Developer and TxDOT acknowledge that Developer has incorporated the value of saleable improvements not retained by the property owner into the Project ROW costs shown in the Financial Model, and that Developer, subject to the property owner’s waiver of the rights to retain, shall concurrently with conveyance of the real property interest to the State of Texas, and without the necessity of further documentation executed by the State, obtain the rights to said saleable improvements.
BC Hydro will have unrestricted rights of audit at any time (whether before or after the applicable event) over any proposed Financial Model, books, records and other documentation (including any aspect of the calculation of any Project Finance Conversion Gain) used in connection with any Project Finance Conversion.
The only Input for the applicable Unit that may change pursuant hereto and that will be reflected in the updated Financial Model is the Shared Net Savings.