Base Case Forecast Sample Clauses

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. Borrower shall have delivered a Base Case Forecast in form and substance reasonably acceptable to the Lenders.

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. 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, ▇▇▇▇▇ ▇▇▇ and ▇▇▇▇ 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 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. 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.