Base Case Projections definition

Base Case Projections means, with respect to a Base Case Financial Model, the forecast for Pledged Taxes prepared using such Base Case Financial Model.

Base Case Projections means the initial forecast for the Project prepared as of the Effective Date using the Base Case Financial Model.

Base Case Projections means a projection of operating results showing at a minimum Company’s good faith estimates, as of the Closing Date, of revenues, operating expenses and sources and uses over the forecast period, in substantially the form of Schedule 4.1.27, which shall be of a nature and in an amount satisfactory to the Purchasers in consultation with Independent Engineer.

Examples of Base Case Projections in a sentence

• Nothing has occurred to cause Sponsor to believe that the Construction Plan Budget & Schedule, as amended or supplemented by Approved Construction Changes, and Base Case Projections are unreasonable in any material respect.

• None of the Project Entities has any current or accrued material tax liability that is not specifically reflected in the Base Case Projections as in effect at and as of the Document Closing Date and in the Construction Plan Budget & Schedule or as reflected in the assumptions in the then applicable Operating Plans, as the case may be.

• The Parties hereby acknowledge and agree that projections as to future events are not to be viewed as facts and that the actual results during the period or periods covered by the Base Case Projections may materially vary from the projected results.

• There shall have been no material adverse Change in Tax Law that has not already been taken into account as an adjustment to the Base Case Projections to the reasonable satisfaction of Google Investor and NRG Investor.

• The Construction Budget and the Base Case Projections (i) are, as of the Closing Date, based on reasonable assumptions as to all legal and factual matters material to the estimates set forth therein, (ii) are, as of the Closing Date, consistent with the provisions of the Transaction Documents in all material respects, (iii) have been prepared in good faith and with due care and (iv) fairly represent the Borrower’s reasonable expectations as to the matters covered thereby as of the date thereof.

More Definitions of Base Case Projections

Base Case Projections means a projection of operating results for the Project over a period ending no sooner than December 31, 2030, showing the Borrower’s reasonable good faith estimates, as of the Closing Date, of projected Project Costs, projected Project Revenues, projected O&M Expenses, Assumed Interest Expense, all Fees payable hereunder, and scheduled principal payments in respect of the Loans over the forecast period.

Base Case Projections means the financial model forecasting the revenues and expenditures of the Project for time periods, and based upon assumptions and methodology agreed upon by the Borrower and the Lenders on the Closing Date, as attached as Exhibit K.

Base Case Projections is defined in Section 6.1.11.

Base Case Projections has the meaning specified in Section 3.01(a)(x).

Base Case Projections means (a) with respect to the period prior to the Amendment Closing Date, the projections of the Loan Parties’ operating results for the Projects (over a period ending no sooner than December 31, 2039) delivered to the Arrangers on or prior to the Execution Date pursuant to Section 4.01(k) and (b) with respect to period on and after the Amendment Closing Date, the “Revised Base Case Projections” under and as defined in the Omnibus Amendment.

Base Case Projections means the projection of operating results for the Project with the file name “20110328 v32 Ivanpah II Base Case EQUITY.xlsm” dated as of March 30, 2011 and Made Available to Investors.

Base Case Projections has the meaning set forth in Section 6.1(h).