Base Case Model definition

Base Case Model means the financial model and statements including profit and loss, balance sheet and financial projections reflecting the forecasted consolidated financial conditions of the Group for the term of this Agreement (for these purposes assuming both before and after the incurrence of the indebtedness under the Finance Documents), each in form and substance satisfactory to the Finance Parties addressed to, and/or capable of being relied upon by the Finance Parties.

Base Case Model means a computer model agreed to by a Managing Member and the related Tax Equity Investor showing the expected economic results from ownership of the PV Systems owned by the related Financing Fund and the assumptions to be used in calculating when such Tax Equity Investor has reached its target internal rate of return, which is attached as an exhibit to the related Financing Fund LLCA.

Base Case Model means the financial model including profit and loss, balance sheet and cashflow projections in agreed form relating to the Group.

Examples of Base Case Model in a sentence

• No later than twenty (20) Business Days following the Completion Deadline, VSD shall deliver to Purchaser a true-up report that contains the information specified in Schedule 10 (the “True-Up Report”) and a revised Base Case Model that reflects the information in the True-Up Report (the “True-Up Base Case Model”).

• In the case of Capital Contributions to fund payments required to be made on a Purchase Date under the Master EPC Agreement for a particular Tranche, the Class A Member shall contribute, subject to Section 4.1(c), that amount, as determined pursuant to the Base Case Model for such Tranche, that will allow the Class A Member to reach the applicable Target Internal Rate of Return by the Projected Flip Date.

• The Company shall allocate 100% of the “excess” Nonrecourse Liabilities of the Company for purposes of Treasury Regulation Section 1.752-3(a)(3) in accordance with how the Base Case Model sets forth that the deductions attributable to such remaining Nonrecourse Liabilities will be allocated among the Members, taking into account the allocations required under Section 4.5 above.

• Operator shall ensure that all Facility components are operated and maintained in a manner designed to meet the Efficiency Warranty and the Power Performance Warranty with a goal of achieving the performance levels assumed in the Base Case Model (as defined in the Company LLC Agreement).

• Any reference in this Agreement to any financial statements shall be construed as a reference to those financial statements as adjusted to reflect the basis upon which the Base Case Model or, as the case may be, the Original Financial Statements were prepared.

More Definitions of Base Case Model

Base Case Model is defined in the LLC Agreement.

Base Case Model means the financial model attached hereto as Annex 1-B, as may be revised from time to time pursuant to this Agreement.

Base Case Model is defined in the ECCA.

Base Case Model means a computer model agreed to by Sponsor and Investor showing the estimated economic results that the parties expect from ownership of Projects and the assumptions to be used in projecting when Investor shall reach the Target Internal Rate of Return. The Base Case Model as of the date hereof is attached as Exhibit B and may be replaced from time to time with an updated computer model with each Member’s prior written consent (executed by a duly-authorized officer of such Member), including to reflect adjustments made to the Base Case Model in accordance with the Master EPC Agreement (including the True-Up Base Case Model).

Base Case Model means the financial model in agreed form relating to the Group (for these purposes assuming completion of the Acquisition) and delivered to the Facility Agent pursuant to Clause 4.1 (Initial Conditions Precedent), or such amended version of such base case model as agreed between Bidco and the Mandated Lead Arrangers;

Base Case Model means the base case model in agreed form delivered by the Borrower to the Retiring Agent on or before the Settlement Date.

Base Case Model means the financial model attached as Annex II to the Member Consent and Second Amendment to Equity Capital Contribution Agreement with respect to Diamond State Generation Holdings, LLC, dated as of March 20, 2013, by and among Clean Technologies, Investor, the Company and the Project Company.