Financial Model. The Financial Model has been prepared in good faith based on reasonable assumptions as to the estimates set forth therein and is consistent in all material respects with the provisions of the Material Contracts.
Financial Model. The Participants shall have received the financial model, including, without limitation, the projected cash flows and cash flow coverages satisfactory in form and substance to the Owner Participant.
Financial Model. Except where expressly referred to, the Financial Model and its contents will not be used to interpret, and will not affect the meaning of, this Agreement.
Financial Model. 37.1 Unless otherwise agreed between the parties, any amendments to the Financial Model shall reflect, be consistent with and be made only in accordance with the provisions of this Agreement, and shall in all cases be subject to the prior written approval of the Authority (such approval not to be unreasonably withheld or delayed). In the event that the parties fail to agree any proposed amendments to the Financial Model, the matter shall be referred for resolution in accordance with Schedule Part 20 (Dispute Resolution Procedure).
37.2 Following any amendment of the Financial Model in accordance with this Agreement, Project Co shall promptly deliver a copy of the revised Financial Model to the Authority in the same form as the original form (or such other form as may be agreed by the parties from time to time).
Financial Model. Financial Model means the Financial Model included as Schedule 5 to the Project Agreement.
Financial Model. 37.1 Unless otherwise agreed between the parties, any amendments to the Financial Model shall reflect, be consistent with and be made only in accordance with the provisions of this Agreement, and shall in all cases be subject to the prior written approval of the Authority (such approval not to be unreasonably withheld or delayed). In the event that the parties fail to agree any proposed amendments to the Financial Model, the matter shall be referred for resolution in accordance with Schedule Part 20 (Dispute Resolution Procedure).
Financial Model. (i) No less than sixty (60) days prior to the end of each Fiscal Year after the Conversion Date, the Borrowers shall deliver to the Lenders, the Administrative Agent and the Consultants a proposed updated Financial Model, together with the underlying assumptions, containing projections of Cash Flow, Operation and Maintenance Expenses (including each Operating Budget Category), Maintenance Capital Expenses and Cash Flow Available for Debt Service, in each case on a quarterly basis, with respect to the Project and each Plant for the two (2) immediately succeeding Fiscal Years. If the Required Lenders do not approve the updated Financial Model proposed by the Borrower within thirty (30) days following receipt thereof, the Administrative Agent shall instruct the Consultants to prepare and agree on an updated Financial Model (and such updated Financial Model prepared by the Consultants shall be binding on the Lenders and the Borrowers).
(ii) If the actual Cash Flow for any Fiscal Quarter after the Conversion Date is ninety percent (90%) or less of the projections for such period set forth in the then-current Financial Model or if either of the Operation and Maintenance Expenses or Maintenance Capital Expenses is greater than or equal to one hundred ten percent (110%) of the projections for such period set forth in the then-current Financial Model, the Borrowers shall, no less than thirty (30) days prior to the end of the immediately following Fiscal Quarter, deliver to the Administrative Agent, the Lenders and the Consultants a proposed updated Financial Model, together with the underlying assumptions, containing projections of Cash Flow, Operation and Maintenance Expenses (including each Operating Budget Category), Maintenance Capital Expenses and Cash Flow Available for Debt Service, in each case on a quarterly basis, with respect to the Project and each Plant through the end of the immediately following Fiscal Year. If the Required Lenders do not approve the updated Financial Model proposed by the Borrower within fifteen (15) days following receipt thereof, the Administrative Agent shall instruct the Consultants to prepare and agree on an updated Financial Model (and such updated Financial Model prepared by the Consultants shall be binding on the Lenders and the Borrowers).
(iii) All costs incurred in connection with the preparation and review of updated Financial Models under this Section 7.01(v) shall be for the account of the Borrowers.
Financial Model. Following the delivery by the Service Provider of each Annual Contract Report and any Contract Amendment Report: the Parties shall meet to discuss its contents within ten (10) Working Days of receipt (or such other period as the Parties shall agree). The Financial Representative shall attend the meeting; the Service Provider shall make appropriate Service Provider Personnel and advisers available to discuss any variations between the relevant Financial Report and the Contract Inception Report or immediately preceding Annual Contract Report or Contract Amendment Report (as the case may be) and to explain such variations (with reference to supporting evidence) to the satisfaction of the Purchaser; and the Purchaser shall either within ten (10) Working Days of the meeting referred to in paragraph 2.1.1 notify the Service Provider that: the relevant Financial Report contains errors or omissions or that further explanations or supporting information is required, in which event the Service Provider shall make any necessary modifications to the Financial Report and/or supply the Purchaser with such supporting evidence as is required to address the Purchaser’s concerns within ten (10) Working Days of such notification and the Purchaser shall following receipt of such amended Financial Report and/or supporting information, approve or reject such Financial Report; or the Purchaser has approved the relevant Financial Report. Following approval by the Purchaser of the relevant Financial Report in accordance with Paragraph 2.1.3, that version shall become, with effect from the date of such approval, the current approved version of the Financial Model for the purposes of this Contract, a version of which shall be held by both the Purchaser and the Service Provider. If there is a dispute regarding a Financial Report, the Purchaser’s copy of the relevant Financial Report shall be authoritative. If the Parties are unable to reach agreement on any Financial Report within thirty (30) Working Days of its receipt by the Purchaser, the matter shall be referred for determination in accordance with clause 61 (Dispute Resolution).
Financial Model. Promptly, and in any event within 90 days following the end of each fiscal year of the Borrower (or following such shorter intervals as the same may be prepared), an update, in a directly comparable format, of the financial model delivered to the purchasers of the Pulitzer Debt on the effective date of the Pulitzer Debt, setting forth the projected financial performance of the Pulitzer Entities for the current fiscal year of the Borrower (prepared on a month-by-month basis) and for each of the next four fiscal years (prepared on an annual basis).
Financial Model. The Lenders shall have received a reasonably satisfactory financial model for fiscal years 2008-2011.
