Base Case Forecast Sample Clauses

Base Case Forecast. The Borrower shall have delivered a Base Case Forecast in form and substance reasonably acceptable to the Lenders that demonstrates that all Senior Secured Debt (excluding principal payments with respect to DSR Loans and Revolving Loans) shall be capable of amortization through the 18-year period following the third anniversary of the Closing Date, such that the Projected Debt Service Coverage Ratio commencing on the Initial Quarterly Principal Payment Date and for each calendar year through the 18-year period following the third anniversary of Closing Date shall not be less than 1.
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Base Case Forecast. The Base Case Forecast, dated as of the Closing Date certified as such by an Authorized Officer of the Borrower, as agreed to with the Independent Engineer, and all related statements and reports.
Base Case Forecast. The Base Case Forecast certified as such by an Authorized Officer of the Borrower.
Base Case Forecast. The financial projections for Issuer (the “Base Case Forecast”) attached as Schedule 5.13 hereto provided to Note Holder were prepared by Issuer in good faith and with due care and (subject to the assumptions stated therein) fairly present the best estimates as of the date hereof of Issuer as to the matters covered thereby, it being acknowledged that such projections are subject to the uncertainty inherent in all projections of future results and that there can be no assurance that the results set forth in such projections will in fact be realized. As of the date hereof, to Issuer’s knowledge, no event or circumstance has occurred or exists which would make the Base Case Forecast materially inaccurate or misleading.
Base Case Forecast. The Base Case Forecast, dated as of the Closing Date, certified as such by an Authorized Officer of the Borrower as to the satisfaction of the Debt Sizing Parameters, as agreed to with the Independent Engineer. The Borrower shall have caused the Model Auditor to have reviewed the mathematical integrity and the tax assumptions of the Base Case Forecast and the Model Auditor shall have issued for the benefit of the Senior Lenders a report thereon.
Base Case Forecast. As discussed in section 6.1.1 of the Mainline 2013-2030 Settlement Agreement Application (pages 70 and 71 of 94) Settlement tolls were based on an agreed-to forecast of firm service billing requirements and DMR, not on a specific throughput forecast. However, subsequent to the filing of the Application, TransCanada has prepared a forecast of Mainline throughput intended to reflect the Settlement using an integrated North American flow model. The resulting “Base Case Forecast” is based on the Settlement tolls and firm contract levels noted above. TransCanada is of the view that the Base Case Forecast is a reasonable representation of the Mainline flows that could be expected with the approval of the applied for tolls. The Base Case Forecast was prepared using the following assumptions: • North American supply and demand outlooks as per TransCanada’s corporate 2013 forecast with updates for WCSB supply and Canadian demand. • NIT, Xxxxx Xxx and Xxxx gas prices also as per TransCanada corporate 2013 forecast. These are tabulated below in Table NEB 1.25-1. • Firm contracts and tolls as per the Settlement with the exception of the firm contract levels for Iroquois and East Hereford. Given the market conditions in the U.S. Northeast of growing supply and proposed pipelines to connect that supply to the Iroquois pipeline, the Union Parkway Belt to Iroquois firm contracts that were assumed to remain in place in the Settlement were assumed to expire. The Base Case Forecast also includes additional FT from Iroquois to East Hereford that was not included in the Settlement. The DMR (STFT & IT) volumes from this forecast are reported in the response to NEB 1.26 e) and f) and can be understood as being representative of the DMR that was agreed to and included in the Settlement.
Base Case Forecast. The Borrower shall have delivered a Base Case Forecast in form and substance reasonably acceptable to the Construction/Term Loan Lenders that demonstrates that all Senior Debt facilities shall be capable of amortization such that through the terms of the FOB Sale and Purchase Agreements, the Projected Debt Service Coverage Ratio shall not be less than (i) 2.0x, calculated with respect to all Cash Flows and (ii) 1.75x, calculated solely with respect to Monthly Sales Charges. In calculating the Projected Debt Service Coverage Ratio, projected revenues shall be taken into account (whether calculated with respect to all Cash Flows or solely with respect to Monthly Sales Charges) solely on FOB Sale and Purchase Agreements.
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Base Case Forecast. (a) Promptly after any prepayment pursuant to Section 2.1(g)(i)(B) or Section 2.1(g)(ii)(B) or (C) and, simultaneously with any release of a Funded Project pursuant to Section 3.4, Borrower shall provide the Administrative Agent with an updated Base Case Forecast removing the revenue and operating expenses for such Project. (b) Upon the occurrence of a Material Adverse Effect relating to a Funded Project, Borrower shall provide the Administrative Agent with an updated Base Case Forecast reflecting appropriate adjustments to the revenue and operating projections and the assumptions reasonably necessary to account for such Material Adverse Effect. (c) Borrower may, at its option, update the Base Case Forecast for any other changes affecting a Funded Project. Borrower shall update the Base Case Forecast for a Funded Project at the reasonable request of the Agents and the Majority Lenders. Borrower shall update the Base Case Forecast as set forth in Section 2.1(b)(vi). (d) Borrower shall deliver to the Agents monthly reports (as and when such reports are made available to Subsidiary Guarantors under the relevant LLC Agreements) comparing the actual performance results of each Funded Project to the projected performance forecasts of such Funded Projects.
Base Case Forecast. Borrower shall have delivered a Base Case Forecast in form and substance reasonably acceptable to the Lenders.

Related to Base Case Forecast

  • Forecast Customer shall provide Flextronics, on a monthly basis, a rolling [***] forecast indicating Customer’s monthly Product requirements. The first [***] of the forecast will constitute Customer’s written purchase order for all Work to be completed within the first [***] period. Such purchase orders will be issued in accordance with Section 3.2 below.

  • Rolling Forecasts No later than ten (10) days of the Commencement Date, the Client shall provide Patheon with a written non-binding 18 month forecast of the volume of the Drug Product that the Client then anticipates will be required to be produced and delivered to the Client during each month of that 18 month period. Such forecast will be updated by the Client monthly on a rolling 18 month basis and updated forthwith upon the Client determining that the volumes contemplated in the most recent of such forecasts has changed by more than 20%. The most recent 18 month forecast shall prevail.

  • Annual Forecasts As soon as available and in any event no later than 90 days after the end of each Fiscal Year, forecasts prepared by management of the Borrower, in form satisfactory to the Administrative Agent, of balance sheets, income statements and cash flow statements on an annual basis for the Fiscal Year following such Fiscal Year.

  • Rolling Forecast (i) On or before the fifteenth (15th) calendar day of each month during the Term (as defined in Section 6.1 herein), Buyer shall provide Seller with an updated eighteen (18) month forecast of the Products to be manufactured and supplied (each a “Forecast”) for the eighteen (18) month period beginning on the first day of the following calendar month. The first two months of each Forecast will restate the balance of the Firm Order period of the prior Forecast, and the first three (3) months of the Forecast shall constitute the new Firm Order period for which Buyer is obligated to purchase and take delivery of the forecasted Product, and the supply required for the last month of such new Firm Order period shall not be more than one (1) full Standard Manufacturing Batch from the quantity specified for such month in the previous Forecast (or Initial Forecast, as the case may be). Except as provided in Section 2.2(a), Purchase Orders setting forth Buyer’s monthly Product requirements will be issued for the last month of each Firm Order period no later than the fifteenth calendar day of the first month of each Firm Order period, and such Purchase Order will be in agreement with the Firm Order period of the Forecast. If a Purchase Order for any month is not submitted by such deadline, Buyer shall be deemed to have submitted a Purchase Order for such month for the amount of Product set forth in Buyer’s Forecast for such month. (ii) The remainder of the Forecast shall set forth Buyer’s best estimate of its Product production and supply requirements for the remainder of the Forecast period. Each portion of such Forecast that is not deemed to be a Firm Order shall not be deemed to create a binding obligation on Buyer to purchase and take delivery of Products nor a binding obligation of Seller to deliver Products, except as otherwise provided in Section 2.2(f). (iii) Forecast and Purchase Orders shall be in full Standard Manufacturing Batches. If a Product has multiple SKUs, then the composite of the forecasted SKU must equate to the Standard Manufacturing Batch. One Purchase Order shall be issued for each full Standard Manufacturing Batch of Product and contain the required information set forth in Section 2.2(e) hereof.

  • TRUNK FORECASTING 57.1. CLEC shall provide forecasts for traffic utilization over trunk groups. Orders for trunks that exceed forecasted quantities for forecasted locations will be accommodated as facilities and/or equipment are available. Sprint shall make all reasonable efforts and cooperate in good faith to develop alternative solutions to accommodate orders when facilities are not available. Company forecast information must be provided by CLEC to Sprint twice a year. The initial trunk forecast meeting should take place soon after the first implementation meeting. A forecast should be provided at or prior to the first implementation meeting. The semi-annual forecasts shall project trunk gain/loss on a monthly basis for the forecast period, and shall include: 57.1.1. Semi-annual forecasted trunk quantities (which include baseline data that reflect actual Tandem and end office Local Interconnection and meet point trunks and Tandem-subtending Local Interconnection end office equivalent trunk requirements) for no more than two years (current plus one year); 57.1.2. The use of Common Language Location Identifier (CLLI-MSG), which are described in Telcordia documents BR 000-000-000 and BR 000-000-000; 57.1.3. Description of major network projects that affect the other Party will be provided in the semi-annual forecasts. Major network projects include but are not limited to trunking or network rearrangements, shifts in anticipated traffic patterns, or other activities by CLEC that are reflected by a significant increase or decrease in trunking demand for the following forecasting period. 57.1.4. Parties shall meet to review and reconcile the forecasts if forecasts vary significantly.

  • Business Plan The Lenders shall have received a satisfactory business plan for fiscal years 1999-2006 and a satisfactory written analysis of the business and prospects of the Borrower and its Subsidiaries for the period from the Closing Date through the final maturity of the Term Loans.

  • Budget Consulting Engineer/Architect shall advise City if, in its opinion, the amount budgeted for construction is not sufficient to adequately design and construct the improvement as requested.

  • Contract Year A twelve (12) month period during the term of the Agreement commencing on the Effective Date and each anniversary thereof.

  • Annual Operating Budget and Financial Projections Within sixty (60) days after the end of each fiscal year of Borrower Representative (and promptly and within five (5) days of any material modification thereto), an annual operating budgets, on a consolidating basis (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower Representative, as approved by Borrower Representative’s Board, together with any related business forecasts used in the preparation of such annual financial projections.

  • Purchase Order Pricing/Product Deviation If a deviation of pricing/product on a Purchase Order or contract modification occurs between the Vendor and the TIPS Member, TIPS must be notified within five (5) business days of receipt of change order. TIPS reserves the right to terminate this agreement for cause or no cause for convenience with a thirty (30) days prior written notice. Termination for convenience is conditionally required under Federal Regulations 2 CFR part 200 if the customer is using federal funds for the procurement. All purchase orders presented to the Vendor, but not fulfilled by the Vendor, by a TIPS Member prior to the actual termination of this agreement shall be honored at the option of the TIPS Member. The awarded Vendor may terminate the agreement with ninety (90) days prior written notice to TIPS 0000 XX Xxx Xxxxx, Xxxxxxxxx, Xxxxx 00000. The vendor will be paid for goods and services delivered prior to the termination provided that the goods and services were delivered in accordance with the terms and conditions of the terminated agreement. This termination clause does not affect the sales agreements executed by the Vendor and the TIPS Member customer pursuant to this agreement. TIPS Members may negotiate a termination for convenience clause that meets the needs of the transaction based on applicable factors, such as funding sources or other needs. Usually, purchase orders or their equal are issued by participating TIPS Member to the awarded vendor and should indicate on the order that the purchase is per the applicable TIPS Agreement Number. Orders are typically emailed to TIPS at xxxxxx@xxxx-xxx.xxx. • Awarded Vendor delivers goods/services directly to the participating member. • Awarded Vendor invoices the participating TIPS Member directly. • Awarded Vendor receives payment directly from the participating member. • Fees are due to TIPS upon payment by the Member to the Vendor. Vendor agrees to pay the participation fee to TIPS for all Agreement sales upon receipt of payment including partial payment, from the Member Entity or as otherwise agreed by TIPS in writing and signed by an authorized signatory of TIPS.

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