Financial Model and Model Audit Updates Sample Clauses

Financial Model and Model Audit Updates. 5.2.1 Developer shall run new projections and calculations under the Financial Model Formulas to establish a Base Case Financial Model Update: 5.2.1.1 Whenever there occurs a Compensation Event; 5.2.1.2 Whenever there occurs a Refinancing with Refinancing Gain in which TxDOT participates; 5.2.1.3 Whenever the CDA Documents are amended and the Parties agree that the amendment has a material effect on future costs or Toll Revenues; 5.2.1.4 Whenever a Relief Event extends the term; 5.2.1.5 If and when there occurs an initial financing with PABs or TIFIA for which TxDOT receives compensation under Part B, Section 4 of Exhibit 7; 5.2.2 Base Case Financial Model Updates pursuant to Section 5.2.1.3 require the mutual written approval of the Parties. Where the Base Case Financial Model Update is pursuant to Section 5.2.1.1, TxDOT shall have the right to challenge, according to the Dispute Resolution Procedures, the validity, accuracy or reasonableness of any Base Case Financial Model Update or the related updated and revised assumptions and data. TxDOT shall have 90 days after receiving written notice from Developer that the Update has been deposited in an Intellectual Property Escrow to commence action under the Dispute Resolution Procedures. In the event of a challenge, the immediately preceding Base Case Financial Model Update that has not been challenged (or, if there has been no unchallenged Update, the Base Case Financial Model) shall remain in effect pending the outcome of the challenge or until a new Base Case Financial Model Update is issued and unchallenged. 5.2.3 In no event shall the Financial Model Formulas be changed except with the prior written approval of both Parties, each in its sole discretion. 5.2.4 Within two Business Days after the Effective Date, and within two Business Days after the last date of the market interest rate protection period under Section 4.1.4.5, Developer shall deliver to TxDOT an update of the audit and opinion obtained from the independent model auditor that provided to TxDOT an opinion on suitability of the Base Case Financial Model. Each updated audit and opinion shall (a) be co-addressed to TxDOT, and (b) expressly identify TxDOT as an entity entitled to rely thereon. The updated audit and opinion to be delivered within two Business Days after the last date of the market interest rate protection period shall take into account only the adjustments identified in Section 4.1.4.5. 5.2.5 If TxDOT issues NTP GP, NTP IC, or N...
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Financial Model and Model Audit Updates. 5.2.1 Developer shall run new projections and calculations under the Financial Model Formulas to establish a Base Case Financial Model Update:
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Financial Model and Model Audit Updates. 5.4.1 Developer shall run new projections and calculations under the Financial Model Formulas to establish a Base Case Financial Model Update: 5.4.1.1 Whenever there occurs a Compensation Event; 5.4.1.2 Whenever there occurs a Refinancing with Refinancing Gain in which TxDOT participates; and 5.4.1.3 Whenever the CDA Documents are amended and the Parties agree that the amendment has a material effect on future costs or Toll Revenues. 5.4.2 Base Case Financial Model Updates pursuant to Section 5.4.1.3 require the mutual written approval of the Parties. Where the Base Case Financial Model Update is pursuant to Section 5.4.1.1, TxDOT shall have the right to challenge, according to the Dispute Resolution Procedures, the validity, accuracy or reasonableness of any Base Case Financial Model Update or the related updated and revised assumptions and data. TxDOT shall have 90 days after receiving written notice from Developer that the Update has been deposited in an Intellectual Property Escrow to commence action under the Dispute Resolution Procedures. In the event of a challenge, the immediately preceding Base Case Financial Model Update that has not been challenged (or, if there has been no unchallenged Update, the Base Case Financial Model) shall remain in effect pending the outcome of the challenge or until a new Base Case Financial Model Update is issued and unchallenged. 5.4.3 In no event shall the Financial Model Formulas be changed except with the prior written approval of both Parties, each in its sole discretion.
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Financial Model and Model Audit Updates 
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Related to Financial Model and Model Audit Updates

  • Implementation Report Within 150 days after the Effective Date, Halifax shall submit a written report to OIG summarizing the status of its implementation of the requirements of this CIA (Implementation Report). The Implementation Report shall, at a minimum, include: 1. the name, address, phone number, and position description of the Compliance Officer required by Section III.A.1, and a summary of other noncompliance job responsibilities the Compliance Officer may have; 2. the names and positions of the members of the Compliance Committee required by Section III.A.2; 3. the names of the Board members who are responsible for satisfying the Board of Commissioners compliance obligations described in Section III.A.3; 4. a copy of Halifax’s Code of Conduct required by Section III.B.1; 5. the number of individuals required to complete the Code of Conduct certification required by Section III.B.1, the percentage of individuals who have completed such certification, and an explanation of any exceptions (the documentation supporting this information shall be made available to OIG upon request); 6. a summary of all Policies and Procedures required by Section III.B (copies of the Policies and Procedures shall be made available to OIG upon request); 7. the following information regarding each type of training required by Section III.C: a. a description of such training, including a summary of the topics covered, the length of sessions, and a schedule of training sessions; b. the number of individuals required to be trained, percentage of individuals actually trained, and an explanation of any exceptions; and c. with respect to active medical staff members, the number and percentage who completed the training, the type of training and the date received, and a description of Halifax’s efforts to encourage medical staff members to complete the training. 8. a description of: (a) the Focus Arrangements Tracking System required by Section III.D.1.a; (b) the internal review and approval process required by Section III.D.1.e; and (c) the tracking and monitoring procedures and other Focus Arrangements Procedures required by Section III.D.1; 9. a description of the Disclosure Program required by Section III.F;

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