Activity Basis definition

Activity Basis means recognizing all past, current and future revenue, expenses and associated income from a project at the time (a) with respect to photovoltaic projects, a project passes any and all city inspections required in such project’s jurisdiction and (b) with respect to projects that are not solar photovoltaic projects, a project is complete.
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Examples of Activity Basis in a sentence

  • As soon as available, but in any event within sixty (60) days after the end of each of the fiscal quarters of each fiscal year of the Borrower, (i) an internally prepared income statement, measured on an Activity Basis, reflecting megawatts booked and inspected for such fiscal quarter and (ii) a report of megawatts terminated for such fiscal quarter.

  • As soon as available, but in any event within sixty (60) days after the end of each of the fiscal quarters of each fiscal year of the Borrower, an internally prepared income statement, measured on an Activity Basis, reflecting megawatts installed for such fiscal quarter.

  • As soon as available, but in any event within ninety (90) days after the end of each fiscal year of the Borrower, an annual business plan and budget consisting of forecasts prepared by management of the Borrower on an Activity Basis, in form reasonably satisfactory to the Administrative Agent and the Required Lenders, on a monthly basis for the immediately following fiscal year.

  • As soon as available, but in any event within sixty (60) days after the end of each of the fiscal quarters of each fiscal year of the Borrower, an internally prepared income statement, measured on an Activity Basis, reflecting megawatts booked and inspected for such fiscal quarter.

  • As soon as available, but in any event within ninety (90) days after the end of each fiscal year of the Borrower, an annual business plan and budget consisting of forecasts prepared by management of the Borrower on an Activity Basis, in form reasonably satisfactory to the Bank, on a monthly basis for the immediately following fiscal year.