Financial Model Updates Sample Clauses

Financial Model Updates. 14 Section 5.03 Deposit and Use of Permit Fee and Other Payments. 15 Section 5.04 Sharing of Cost and Interest Rate Savings. 15
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Financial Model Updates. The Concessionaire shall provide to the Department an updated Base Case Financial (i) on or before April 30 of each calendar year, including the updated TRI to the end of the preceding calendar year; (ii) within 60 days after the occurrence of a Compensation Event; (iii) within 60 days after the parties agree that amendments to the Agreement or the other Project Agreements (including Department Changes during the Work Period pursuant to Section 7.12) have a material effect on future costs or Toll Revenues; and (iv) concurrently with written notice of any proposed Refinancing in accordance with Section 6.06(a)(ii). The Department shall have the right to challenge any such update to the Base Case Financial Model. To the extent that the Concessionaire and Department cannot agree on the changes within 90 days of the Concessionaire delivering the updated Base Case Financial Model to the Department, the update will be resolved in accordance with the dispute procedures of Section 17.06. In the event of a challenge, the immediately preceding Base Case Financial Model that has not been challenged shall remain in effect pending resolution of the challenge or until a new Base Case Financial Model is issued and unchallenged. If an updated Base Case Financial Model has not been challenged, or if any such challenge has been so resolved, the updated Base Case Financial Model shall be submitted to the Escrow Agent in accordance with Section 18.05(e). In no event shall the Financial Model used in the Base Case Financial Model be changed except with the prior written approval of both the Department and the Concessionaire, each in its sole discretion.
Financial Model Updates. 14.2.1 As agreed to from time to time by the Parties, the Financial Model may be updated to reflect changes in this Agreement. The Financial Model Update will become the Financial Model and will be attached to this Agreement by amendment. 14.2.2 Developer shall prepare the Financial Model Updates and shall provide the Department with each Financial Model Update and a complete set of the updated and revised assumptions, and other data that form a part of the Financial Model as updated, including updated and revised projections and calculations with respect to revenues, expenses, the payment of Project Debt and Distributions to Equity Members. The Department may require that the Financial Model Updates be audited by an independent audit firm satisfactory to the Department prior to Financial Model Update becoming a part of this Agreement. The Parties shall bear equally in the cost of the audit. The audit of the Financial Model Update may be the same one required by the Lenders. 14.2.3 The Department shall have the right at all times to gain access, on an open book basis, to the Financial Model and each Financial Model Update and the set of updated and revised assumptions and other data that form part of each such model. The Department shall have the right to challenge the validity, accuracy or reasonableness of any Financial Model Update or the related updated and revised assumptions and data. In the event of a challenge, the immediately preceding Financial Model Update that has not been challenged (or, if there has been no unchallenged Financial Model Update, the Financial Model) shall remain in effect pending the outcome of the challenge or until a new Financial Model Update is issued and not challenged. 14.2.4 In no event shall the Financial Model Formulas be changed except with the prior written agreement of both Parties.
Financial Model Updates. 1 is amended to read in its entirety as follows:
Financial Model Updates. 16.2.1 Developer shall run new projections and calculations under the Financial Model Formulas to establish a Financial Model Update:
Financial Model Updates. Developer shall cause a Financial Model Auditor to audit any Financial Model Update and Developer shall deliver the relevant Financial Model Audit Report to the Owner prior to such Financial Model Update becoming effective under this Agreement. The updated Financial Model Audit Report shall take into account the changes incorporated in the Financial Model Update in accordance with Section 16.2.1.
Financial Model Updates 
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Related to Financial Model Updates

  • 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 Forecasts You understand that any financial forecasts or projections are based on estimates and assumptions we believe to be reasonable but are highly speculative. Given the industry, our actual results may vary from any forecasts or projections.

  • Program Evaluation The School District and the College will develop a plan for the evaluation of the Dual Credit program to be completed each year. The evaluation will include, but is not limited to, disaggregated attendance and retention rates, GPA of high-school-credit-only courses and college courses, satisfactory progress in college courses, state assessment results, SAT/ACT, as applicable, TSIA readiness by grade level, and adequate progress toward the college-readiness of the students in the program. The School District commits to collecting longitudinal data as specified by the College, and making data and performance outcomes available to the College upon request. HB 1638 and SACSCOC require the collection of data points to be longitudinally captured by the School District, in collaboration with the College, will include, at minimum: student enrollment, GPA, retention, persistence, completion, transfer and scholarships. School District will provide parent contact and demographic information to the College upon request for targeted marketing of degree completion or workforce development information to parents of Students. School District agrees to obtain valid FERPA releases drafted to support the supply of such data if deemed required by counsel to either School District or the College. The College conducts and reports regular and ongoing evaluations of the Dual Credit program effectiveness and uses the results for continuous improvement.

  • Financial Projections Borrower shall have delivered to Lender Borrower’s business plan and/or financial projections or forecasts as most recently approved by Borrower’s Board of Directors.

  • Pricing Information Each Fund or its designee will furnish Plan Provider on each business day that the New York Stock Exchange is open for business ("Business Day"), with (i) net asset value information as of the close of trading (currently 4:00 p.m. Eastern Time) on the New York Stock Exchange or as at such later times at which a Fund's net asset value is calculated as specified in such Fund's prospectus ("Close of Trading"), (ii) dividend and capital gains information as it becomes available, and (iii) in the case of income Funds, the daily accrual or interest rate factor (mil rate). The Funds shall use their best efforts to provide such information to Plan Provider by 6:00 p.m. Central Time on the same Business Day. Distributor or its affiliate will provide Plan Provider (a) daily confirmations of Account activity within five Business Days after each day on which a purchase or redemption of Shares is effected for the particular Account, (b) if requested by Plan Provider, quarterly statements detailing activity in each Account within fifteen Business Days after the end of each quarter, and (c) such other reports as may be reasonably requested by Plan Provider.

  • Forward-Looking Information No forward-looking statement (within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act and no forward-looking information within the meaning of Section 1(1) of the Securities Act (British Columbia)) contained or incorporated by reference in the Registration Statement, the Prospectuses or the Time of Sale Prospectuses has been made or reaffirmed without a reasonable basis or has been disclosed other than in good faith.

  • 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.

  • Forecasts Any forecasts provided by DXC shall not constitute a commitment of any type by DXC.

  • Software Updates XXXXX agrees to keep current with software licensed from Skyward and will install new versions on a timeline approved by XXXXX governance. This timeline will be communicated by NWRDC to the Districts.

  • Progress Update Information included with the annual Data Access Request (DAR) renewal or Closeout summarizing the analysis of controlled-access datasets obtained through the DAR and any publications and presentations derived from the work.

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