Affordability Cap definition

Affordability Cap has the meaning given to it in paragraph 3.1 of Schedule 5 (Approval Process for New Projects);
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Affordability Cap means an amount of availability payments scheduled to be made to the Developer under the PPA that, based on a determination of the Joint Board in consultation with its financial advisors, will not exceed, in any particular payment period or in the aggregate, an amount determined by the Joint Board to be affordable based on the amount of Dedicated TIF 1 Revenue scheduled to be generated in such period plus an equal amount of Dedicated TIF 2 Revenue assumed to be generated in such period, and subject to consideration of the aggregate limit on the TIF Support Facility. The Joint Board will, during the draft RFP stage, define with more particularity the Affordability Cap, which will be identified in the final RFP.
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Affordability Cap means the amount set out in the RFP Data Sheet;
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Examples of Affordability Cap in a sentence

  • The Affordability Cap of $8.0 billion in CY2017$ is based upon the approved APUC estimate of $7.3 billion plus 10%....

  • The Affordability Cap of $8.0 billion in CY2017$ is based upon the approved APUC estimate of $7.3 billion plus 10%....The Navy and industry are currently negotiating the detail design and construction (DD&C) contract, which is expected to award in early 2017.

  • The Affordability Cap will be informed by the Council’s business case process with Welsh Government.

  • One of the grounds is that there has been a change to the Affordability Cap since the New Project Request, which has rendered the New Project not Affordable.

  • There are various “gateposts” at which the Council will have control over both the design and costs: 1.4 Following a request for WEPCo to develop (as Project Development Partnering Services) proposals for the delivery of a new project (a New Project Request), the Council will set out matters such as the Affordability Cap, Specific Requirements (all technical and project specific requirements), and a clear detailed Project Brief for any New Project.

  • If WEPCo were to choose not to proceed on the premise that the Affordability Cap is unrealistically low, then WEPCo would work with the Council in good faith to agree an alternative Project Brief and/or Affordability Cap for a revised New Project.

  • The Affordability Cap is not a focus on input construction costs, but the long term payment for the delivery of the new project, that takes into account the whole life costs of the facility.

  • The Standing Committee may act by consensus of the members present.

  • The provision of accurate detailed information to allow the determination and approval of an appropriate Affordability Cap at Stage 1 for each New Project.

  • So, we take the first three elements of x and sort them, which leaves us with {74, 120, 203}.


More Definitions of Affordability Cap

Affordability Cap means the total dollar amount allowable (based on specified levels of EBITDA) for all company-wide incentive Awards (including all divisions and business units), as established and approved by the Board. The total aggregate awards of all incentive plans, whether paid quarterly or annually, are subject to the Affordability Cap. If the Cap is exceeded, all awards are reduced pro rata. The attached chart identifies Affordability Cap amounts for specified levels of EBITDA. For this purpose, EBITDA means the EBITDA dollar amount set out in Boise’s Form 10-K, taking into account any adjustments deemed appropriate by the Board.
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Affordability Cap means "Affordability Cap" as defined in Schedule Part 5 (Approval Process for New Projects) of the Standard Form TPA;
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Related to Affordability Cap

  • Affordability means a housing unit that satisfies at least one of the following criteria:

  • Affordability average means the average percentage of median income at which restricted units in an affordable housing development are affordable to low- and moderate-income households.

  • Affordability Period means the period during which the average rent in a Project is required to be maintained at an affordable level, as determined in accordance with the Program Guidelines or as otherwise established by the County;

  • Insurance Affordability Program means a program that is one of the following:

  • Period of Affordability means the time during which HOME Loan financed units must remain affordable to eligible households, as defined by HOME program regulations and this Plan. The Period of Affordability shall commence upon completion of the project and shall run for the period required under HOME regulations or the term of the HOME Loan, whichever is greater. Completion shall be defined as set forth in the HUD regulations for the HOME program.

  • Affordable means, a sales price or rent level that is within the means of a low- or moderate- income household as defined within N.J.A.C. 5:93-7.4, and, in the case of an ownership unit, that the sales price for the unit conforms to the standards set forth in N.J.A.C. 5:80-26.6, as may be amended and supplemented, and, in the case of a rental unit, that the rent for the unit conforms to the standards set forth in N.J.A.C. 5:80-26.12, as may be amended and supplemented.

  • Plantwide applicability limitation (PAL means an emission limitation expressed in tons per year, for a pollutant at a major stationary source, that is enforceable as a practical matter and established source-wide in accordance with Chapter 19, section 011.

  • Required Availability means Excess Availability and unrestricted cash and Cash Equivalents in an amount of not less than $5,000,000.

  • Skilled Nursing Care means services requiring the skill, training or supervision of licensed nursing personnel.

  • Energy efficiency portfolio standard means a requirement to

  • Liquidity means, as of any date of determination, the sum of (i) the aggregate amount of Unrestricted Cash of the Obligors at such time plus (ii) Availability at such time.

  • System Availability means, with respect to any particular calendar month, the ratio obtained by subtracting Unscheduled Downtime during such month from the Total Monthly Time, and thereafter dividing the difference so obtained by the Total Monthly Time. Represented algebraically, System Availability for any particular calendar month is determined as follows:

  • Title IV-E Foster Care means a federal program authorized under §§ 472 and 473 of the Social

  • FILOT Act Minimum Investment Requirement means, with respect to the Project, an investment of at least $2,500,000 by the Company, or of at least $5,000,000 by the Company and any Sponsor Affiliates in the aggregate, in Economic Development Property.

  • Sustainability Structuring Agent means X.X. Xxxxxx Securities LLC, in its capacity as sustainability structuring agent hereunder.

  • Long-term inpatient care means inpatient services for

  • Community rate means a rate of payment based on a per member per month capitation rate or its equivalent that applies to a combination of the subscriber groups for a comprehensive medical plan carrier. References in this subchapter to ‘‘a combination of cost and price analysis’’ relating to the ap- plicability of policy and contract clauses refer to comprehensive medical plan carriers using community rates.

  • Service Availability The total number of minutes in a calendar quarter that the Tyler Software is capable of receiving, processing, and responding to requests, excluding maintenance windows, Client Error Incidents and Force Majeure.

  • Availability Standards has the meaning set forth in the CAISO Tariff.

  • Primary care giver" means a person who assumes the principal role of providing care and attention to a child.

  • Professional Fee Reserve Amount means the total amount of Professional Fee Claims estimated in accordance with Article II.A.2(c) of the Plan.

  • Availability Reserve means without duplication, (a) the Rent and Charges Reserve; (b) the Hedge Product Reserve, (c) the Banking Services Reserve; provided that reserves of the type described in this clause (c) shall be instituted only after consultation with the Lead Borrower; (d) the Priority Payable Reserve; (e) the GST, HST Tax Reserve; (f) the Royalty Reserve; and (g) such additional reserves not otherwise addressed in clauses (a) through (f) above, in such amounts and with respect to such matters, as the Administrative Agent in its Permitted Discretion may elect to establish or modify from time to time. Notwithstanding anything to the contrary in this Agreement, (i) such Availability Reserves shall not be established or changed except upon not less than five (5) Business Days’ (or such shorter period as may be agreed by the Lead Borrower) prior written notice to the Lead Borrower, which notice shall include a reasonably detailed description of such applicable Availability Reserve being established (during which period (a) the Administrative Agent shall, if requested, discuss any such Availability Reserve or change with the Lead Borrower and (b) the Lead Borrower may take such action as may be required so that the event, condition or matter that is the basis for such Availability Reserve or change thereto no longer exists or exists in a manner that would result in the establishment of a lower Availability Reserve or result in a lesser change thereto, in a manner and to the extent reasonably satisfactory to the Administrative Agent), (ii) the amount of any Availability Reserve established by the Administrative Agent, and any change in the amount of any Availability Reserve, shall be limited to such Availability Reserve or changes as the Administrative Agent determines in its Permitted Discretion to be necessary (a) to reflect items that could reasonably be expected to adversely affect the value of the applicable Eligible Accounts or Eligible Inventory or (b) to reflect items that could reasonably be expected to adversely affect the enforceability or priority of the Administrative Agent’s Liens on the applicable Collateral, and (iii) the amount of any Availability Reserve established by the Administrative Agent, and any change in the amount of any Availability Reserve, shall have a reasonable relationship to the event, condition or other matter that is the basis for such Availability Reserve, criteria, rate or such change; provided that (x) no Availability Reserves may be established after the Closing Date based on circumstances, contingencies, events, conditions or matters known to the Administrative Agent as of the Closing Date for which no Availability Reserve was imposed on the Closing Date or criteria included in the definitions of Eligible Accounts or Eligible Inventory, in each case, as in effect on the Closing Date, unless such events, conditions or matters have changed in any material adverse respect since the Closing Date, (y) in no event shall any Availability Reserve with respect to any component of the Borrowing Base duplicate any Availability Reserve or adjustment already accounted for in determining eligibility criteria (including collection and/or advance rates) and (z) no Availability Reserve shall be imposed on the first 5% of dilution of Accounts and thereafter no dilution Availability Reserve shall exceed 1% for each incremental whole percentage in dilution over 5% (it being agreed that partial percentage point reserves are permitted (e.g., a reserve for 0.1 percentage points where dilution is 5.1%). Notwithstanding clause (i) of the preceding sentence, changes to the Availability Reserves solely for purposes of correcting mathematical or clerical errors (and such other changes as are otherwise agreed to by the Lead Borrower) shall only be subject to a notice period of one (1) Business Day, it being understood that no Default or Event of Default shall be deemed to result therefrom, if applicable, for a period of five (5) Business Days.

  • Risk-Based Capital Guidelines means (i) the risk-based capital guidelines in effect in the United States on the date of this Agreement, including transition rules, and (ii) the corresponding capital regulations promulgated by regulatory authorities outside the United States implementing the July 1988 report of the Basle Committee on Banking Regulation and Supervisory Practices Entitled "International Convergence of Capital Measurements and Capital Standards," including transition rules, and any amendments to such regulations adopted prior to the date of this Agreement.

  • Irrigation efficiency (IE) means the measurement of the amount of water beneficially used divided by the amount of water applied. Irrigation efficiency is derived from measurements and estimates of irrigation system characteristics and management practices. The irrigation efficiency for purposes of this ordinance are 0.75 for overhead spray devices and 0.81 for drip systems.

  • Retail margin means an amount, reflecting differences in

  • Nursing care means the practice of nursing by a licensed nurse, including tasks and functions relating to the provision of "nursing care" that are taught or delegated under specified conditions by a registered nurse to a person other than licensed nursing personnel, as governed by ORS chapter 678 and rules adopted by the Oregon State Board of Nursing in OAR chapter 851.