Applicable PA Amount Reduction definition

Applicable PA Amount Reduction means the applicable amount set forth in the table below based on a Seller Parent Guarantor’s Accepted Agency Rating, if any:7 Accepted Agency Rating: BBB+ or higher from S&P Baa1 and higher from Xxxxx’x 50% of the Applicable PA Amount, up to a maximum reduction of [Seventy-Five Million Dollars ($75,000,000)] BBB from S&P Baa2 from Xxxxx’x 50% of the Applicable PA Amount, up to a maximum reduction of [Sixty-Two Million Five Hundred Thousand Dollars ($62,500,000)] 4 NTD: Amount to equal $2.5 million plus (Expected Capacity multiplied by $15,000/MW), up to a maximum of $4 million. 5 NTD: Amount to equal Expected Capacity multiplied by $100,000/MW. 6 NTD: Amount to equal Expected Capacity multiplied by $200,000/MW.

Applicable PA Amount Reduction means the applicable amount set forth in the table below based on a Seller Parent Guarantor’s Accepted Agency Rating, if any:6 Accepted Agency Rating: BBB+ or higher from S&P Baa1 and higher from Moody’s 50% of the Applicable PA Amount, up to a maximum reduction of [Seventy-Five Million Dollars ($75,000,000)] BBB from S&P Baa2 from Moody’s 50% of the Applicable PA Amount, up to a maximum reduction of [Sixty-Two Million 4 NTD: Amount to equal Expected Capacity multiplied by $100,000/MW. 5 NTD: Amount to equal Expected Capacity multiplied by $200,000/MW.

Applicable PA Amount Reduction means the applicable amount set forth in the table below based on a Seller Parent Guarantor’s Accepted Agency Rating, if any:11 6 NTD: Amount to equal $2.5 million plus (Expected Capacity multiplied by $15,000/MW), up to a maximum of $4 million. 7 NTD: Amount to equal Expected Capacity multiplied by $100,000/MW. 8 NTD: Insert if the Facility is a developmental resource. 10 NTD: Amount to equal Expected Capacity multiplied by $200,000/MW.

More Definitions of Applicable PA Amount Reduction

Applicable PA Amount Reduction means the applicable amount set forth in the table below based on a Seller Parent Guarantor’s Accepted Agency Rating, if any:8 Accepted Agency Rating: BBB+ or higher from S&P Baa1 and higher from Moody’s 50% of the Applicable PA Amount, up to a maximum reduction of [Seventy-Five Million Dollars ($75,000,000)] BBB from S&P Baa2 from Moody’s 50% of the Applicable PA Amount, up to a maximum reduction of [Sixty-Two Million Five Hundred Thousand Dollars ($62,500,000)] 5 NTD: Amount to equal $2.5 million plus (Expected Capacity multiplied by $15,000/MW), up to a maximum of $4 million. 6 NTD: Amount to equal Expected Capacity multiplied by $100,000/MW. 7 NTD: Amount to equal Expected Capacity multiplied by $200,000/MW. 8 NTD: The “maximum reduction” for each rung in the table is based on the potential Portfolio Exposure as described in the RFP documents. For each row except the last row, the maximum “up to” Applicable PA Amount Reduction will be determined by deducting the Portfolio Exposure from the dollar amount shown in the righthand column for such row. BBB- from S&P Baa3 from Moody’s 50% of the Applicable PA Amount, up to a maximum reduction of [Fifty Million Dollars ($50,000,000)] No Accepted Agency Rating and: Seller or Seller Parent Guarantor is deemed acceptable by Buyer in its sole and absolute discretion 50% of the Applicable PA Amount, up to a maximum reduction of [Fifty Million Dollars ($50,000,000)] Seller and Seller Parent Guarantor are not deemed acceptable by Buyer in its sole and absolute discretion Zero Dollars ($0) [As of the Effective Date, the Applicable PA Amount Reduction is [ ].9]

Applicable PA Amount Reduction means the applicable amount set forth in the table below based on Seller Parent Guarantor’s Accepted Agency Rating, if any:8 Accepted Agency Rating: BBB+ or higher from S&P Baa1 and higher from Xxxxx’x 50% of the Applicable PA Amount, up to a maximum reduction of [Seventy-Five Million Dollars ($75,000,000)] BBB from S&P Baa2 from Xxxxx’x 50% of the Applicable PA Amount, up to a maximum reduction of [Sixty-Two Million Five Hundred Thousand Dollars ($62,500,000)] BBB- from S&P Baa3 from Xxxxx’x 50% of the Applicable PA Amount, up to a maximum reduction of [Fifty Million Dollars ($50,000,000)] No Accepted Agency Rating and: Seller or Seller Parent Guarantor is deemed acceptable by Buyer in its sole and absolute discretion 50% of the Applicable PA Amount, up to a maximum reduction of [Fifty Million Dollars ($50,000,000)] Seller and Seller Parent Guarantor are not deemed acceptable by Buyer in its sole and absolute discretion Zero Dollars ($0)

Applicable PA Amount Reduction means the applicable amount set forth in the table below based on Seller Parent Guarantor’s Accepted Agency Rating, if any:7