Base Case Financial Model definition

Base Case Financial Model means a financial model prepared by the Borrower forecasting the revenues and expenditures of the Project for time periods through the Final Maturity Date and based upon assumptions and methodology provided by the Borrower and acceptable to the TIFIA Lender as of the Effective Date, which model shall be provided to the TIFIA Lender as a fully functional Microsoft Excel – based financial model or such other format requested by the TIFIA Lender.

Base Case Financial Model means the base case financial model agreed by the Parties in writing as accurately representing the terms and conditions of the financing for the Project on a limited recourse or project finance basis and furnished by the Feed-in Approval Holder to the Distribution Licensee on or before the date of the Financial Closing Date for the Initial Financing Documents;

Base Case Financial Model means the Initial Base Case Financial Model, as the same may be updated from time to time by any Updated Base Case Financial Model.

Examples of Base Case Financial Model in a sentence

• Within two Business Days after the Effective Date, and within two Business Days after the date of Financial Close, 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.

• Whenever Developer provides any updated financial model to TIFIA, whether or not such updated financial model constitutes a Base Case Financial Model Update for purposes of this Agreement, Developer shall provide TxDOT with a copy thereof.

• Such application shall also include a thorough analysis of the effect each change is expected to have on Developer’s internal rate of return (determined using the Financial Model Formulas), including the effects on the Base Case Financial Model Update (or if there has been no Base Case Financial Model Update, on the Base Case Financial Model) and on the assumptions and data therein.

• Developer shall deliver to TxDOT for review and comment drafts of those proposed Initial Funding Agreements and Initial Security Documents that will contain the material commercial terms relating to the Initial Project Debt, together with a draft updated Base Case Financial Model, concurrently with delivery thereof to other third parties involved in the review of such agreements and documents.

• When running new projections and calculations under the Financial Model Formulas to establish a Base Case Financial Model Update pursuant to Section 4.3.1(b), Developer shall incorporate only those changes caused by the event for which the Base Case Financial Model Update is being prepared; unrelated changes caused by the actual performance of the Project shall be disregarded.

More Definitions of Base Case Financial Model

Base Case Financial Model means a financial model prepared by the Borrower forecasting the costs of the Project and the revenues and expenses of the Project for time periods through the Final Maturity Date and based upon assumptions and methodology provided by the Borrower and acceptable to the WIFIA Lender as of the Effective Date, which financial model (i) reflects principal amortization and interest payment schedules acceptable to the WIFIA Lender and (ii) shall be provided to the WIFIA Lender as a fully functional Microsoft Excel – based financial model or shall use such other format requested by the WIFIA Lender.

Base Case Financial Model means a financial model prepared by the Borrower forecasting cash flows, including all funding sources and expenditures of the Project and the availability of Sales Tax Revenues and Debt Service for time periods through the Final Maturity Date and based upon assumptions and methodology provided by the Borrower and acceptable to the TIFIA Lender as of the Effective Date, which model shall be provided to the TIFIA Lender as a fully functional Microsoft Excel – based financial model or such other format requested by the TIFIA Lender.

Base Case Financial Model means the financial model described on ------------------------- Exhibit A to the Services and Supply Agreement.

Base Case Financial Model means the Financial Model Formulas, with the assumptions and information used by or incorporated in the Financial Model Formulas, approved by the Parties as of the Effective Date for the Project, as subsequently adjusted pursuant to the procedures described in Section 3.6.3.

Base Case Financial Model means the financial base case for the Project attached to this Agreement at Schedule 3 (Base Case Financial Model titled [ ] PPP Project - Base Case Financial Model Version [ ]) in electronic format on a CD, which model incorporates the forecasted cash flow statements of the Private Party including all expenditure, revenues, taxation and financing of the Services together with the income statements and balance sheets for the Private Party over the Project Term, and details of all assumptions, calculations and methodology used in the compilation thereof;

Base Case Financial Model has the meaning assigned to it in the Collateral Agency Agreement.

Base Case Financial Model means the economic projections and assumptions in relation to the Borrower and the Integrated Resort, prepared by the Borrower and posted on Debt Domain on 8 June 2012 labelled “MBS Model”.