Debt Service Revenue Requirement (DSRR) Sample Clauses

Debt Service Revenue Requirement (DSRR). The Settling Parties agree that PWW shall include in its overall revenue requirement a “Debt Service Revenue Requirement” amount (“DSRR”), the total of which shall generally be equal to 1.1 times the pro forma annual principal and interest payments on PWW’s outstanding long-term debt as of the end of the pro forma test year. The Settling Parties agree that the proposed DSRR essentially replaces both return on rate base as well as depreciation expense which are traditionally key components of utility rate-making before this Commission. However, the Settling Parties are in agreement that, given PWW’s current complete reliance on debt capital, as stated above, a rate structure based on debt service (i.e. total annual principal and interest) is critical to enabling PWW to access the lowest cost debt financing it can obtain, in order to provide safe and reliable service to its customers at the lowest possible rates. The Settling Parties agree that the DSRR shall be segregated into two revenue components. The first shall be equal to 100% of the pro forma debt service payments for the test year, and shall be referred to as “DSRR-1.0.” The second component shall be equal to 10% of the pro forma debt service payments for the test year, and shall be referred to as the “DSRR-0.1”. The establishment of the DSRR-1.0 relates to the use and replenishment of the DSRR-1.0 RSF which is explained below. The intended purposes for the establishment of the DSRR-0.1 are 1) to allow for the collection of revenues sufficient to satisfy the debt service coverage ratio requirements of PWW’s bond financings and Penn Corp’s covenant requirements for its line of credit, which is used by Penn Corp and its subsidiaries as a “back stop” for short-term capital needs; and 2) to allow PWW to collect revenues over-and- above its actual debt service in order to comply with cash flow coverage requirements which are typical for such financings as well as to meet obligations on new debt incurred between rate filings. The Settling Parties agree that any accumulated DSRR-0.1 revenues at the end of a given fiscal year will be utilized as the first funding source for capital expenditures incurred during the first months of the succeeding fiscal year, leading up to an annual bonding or financing event in support of capital expenditures for that succeeding year. The Settling Parties further agree that once approved by the Commission within the context of a rate proceeding, PWW’s DSRR-1.0 and DSRR-0.1 a...
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Debt Service Revenue Requirement (DSRR). The Settling Parties agree that PAC shall include in its overall revenue requirement a Debt Service Revenue Requirement (DSRR) amount, the total of which shall be equal to 1.1 times the pro forma annual principal and interest payments on PAC’s outstanding long-term debt as of the end of the pro forma test year. The Settling Parties agree that the proposed DSRR replaces both the return on rate base as well as depreciation expense, which are traditionally key components of utility rate-making before the Commission. However, the Settling Parties agree that, given PAC’s current complete reliance on debt capital, as stated above, a rate structure based on debt service (i.e., total annual principal and interest payments) is critical to enabling PAC to access the lowest cost debt obtainable, in order to provide safe and reliable service to its customers at the lowest possible rates. The Settling Parties agree that the DSRR shall be segregated into two further revenue components, as follows:
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Related to Debt Service Revenue Requirement (DSRR)

  • Debt Service The provisions of this Section 3.9 regarding disbursements shall include the payment of debt service related to any mortgages of the Property, unless otherwise instructed in writing by Owner.

  • Quarterly Contractor Performance Reporting Customers shall complete a Contractor Performance Survey (Exhibit I) for each Contractor on a Quarterly basis. Customers will electronically submit the completed Contractor Performance Survey(s) to the Department Contract Manager no later than the due date indicated in Contract Exhibit D, Section 17, Additional Special Contract Conditions. The completed Contractor Performance Survey(s) will be used by the Department as a performance-reporting tool to measure the performance of Contractors. The Department reserves the right to modify the Contractor Performance Survey document and introduce additional performance-reporting tools as they are developed, including online tools (e.g. tools within MyFloridaMarketPlace or on the Department's website).

  • Debt Service Coverage Ratio Borrower shall maintain as of the last day of any fiscal quarter a Debt Service Coverage Ratio of not less than 1.25 to 1.00 for the period of four consecutive fiscal quarters then ended on such day.

  • Debt Service - Interest on Short-Term Debt Tax Anticipation Warrants Tax Anticipation Notes Corporate Personal Prop Repl Tax Anticipation Notes State Aid Anticipation Certificates Other Interest on Short-Term Debt (Describe & Itemize) Total Debt Service - Interest On Short-Term Debt Debt Service - Interest on Long-Term Debt Debt Service - Payments of Principal on Long-Term Debt 15 (Lease/Purchase Principal Retired) Debt Service Other (Describe & Itemize) Total Debt Service 4000 4100 4110 4120 4190 4000 5000 5100 5110 5120 5130 5140 5150 5100 5200 5300 5400 5000 0 0 0 0 0 70,000 70,000 0 70,000 70,000 100,000 100,000 0 0 0 170,000 170,000 A B C D E F G H I J K 1 (100) (200) (300) (400) (500) (600) (700) (800) (900) 177 Description: Enter Whole Numbers Only PROVISION FOR CONTINGENCIES (DS) Funct # 6000 Salaries Employee Benefits Purchased Services Supplies & Materials Capital Outlay Other Objects Non-Capitalized Equipment Termination Benefits Total 178 179 180 Total Direct Disbursements/Expenditures Excess (Deficiency) of Receipts/Revenues Over Disbursements/Expenditures 0 170,000 170,000 (9,000) 181 40 - TRANSPORTATION FUND (TR) 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 SUPPORT SERVICES (TR) Support Services - Pupils Other Support Services - Pupils (Describe & Itemize) Support Services - Business Pupil Transportation Services Other Support Services (Describe & Itemize) Total Support Services COMMUNITY SERVICES (TR) PAYMENTS TO OTHER DIST & GOVT UNITS (TR) Payments to Other Dist & Govt Units (In-State) Payments for Regular Program Payments for Special Education Programs Payments for Adult/Continuing Education Programs Payments for CTE Programs Payments for Community College Programs Other Payments to In-State Govt Units (Describe & Itemize) Total Payments to Other Dist & Govt Units (In-State) Payments to Other Dist & Govt Units (Out-of-State) (Describe & Itemize) Total Payments to Other Dist & Govt Units DEBT SERVICE (TR)

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  • Criteria for Performance Assessment A. A teacher’s performance shall be assessed based on the criteria set forth in the evaluation instrument, Appendix D.

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  • Acceptance/Performance Test 4.7.1 Prior to synchronization of the Power Project, the SPD shall be required to get the Project certified for the requisite acceptance/performance test as may be laid down by Central Electricity Authority or an agency identified by the central government to carry out testing and certification for the solar power projects.

  • Maintenance Period During the Maintenance Period the Developer shall at its own expense maintain repair and otherwise S.9 keep the Works in good working order and repair to the reasonable satisfaction of xxx Xxxxxxxxxx unless xxx Xxxxxxxxxx shall declare that any required maintenance and/or repair is an emergency in which case the Developer shall carry out the said maintenance and/or repair immediately Access to the Works and consequences of inspections The Developer shall arrange for xxx Xxxxxxxxxx to have access to the Works and the Site at all

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