Bondable Capacity definition

Bondable Capacity means a dollar amount, calculated as of the date of certification of Bondable Capacity, equal to (a) the sum of:
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Bondable Capacity. Section 4.02A of the Indenture.
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Bondable Capacity has the meaning as set forth in Section 4.02(A) of ----------------- that certain Indenture of Mortgage and Deed of Trust dated October 1, 1986, executed by Suburban Water Systems to First Trust of California, National Association, as Trustee, as amended by First Supplemental Indenture of Mortgage dated February 7, 1990, Second Amended and Supplement to Indenture of Mortgage dated January 24, 1992 and Third Amendment and Supplement to Indenture Mortgage dated October 9, 1996.
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Examples of Bondable Capacity in a sentence

  • At any time, permit Funded Debt of Borrower ----------------------- to exceed Bondable Capacity.

  • Without limiting the generality of the foregoing, the Company's Bondable Capacity and Net Earnings for Interest shall be sufficient to permit the issuance of the Bonds.

  • Maintain, as of the last day of each Fiscal Quarter, a ratio of (i) aggregate Bondable Capacity as of that date minus the aggregate principal amount of the Total Indebtedness of Borrower’s Subsidiaries (but not Borrower) as of that date to (ii) the Total Indebtedness of Borrower (but not its Subsidiaries) minus Subordinated Indebtedness, of not less than 1.20 to 1.00.

  • At any time, permit Funded Debt of ----------------------- Borrower to exceed Bondable Capacity.

  • Without limiting the generality of the foregoing, the Company's Bondable Capacity (after giving effect to the addition of certain Collateral on the Closing Date pursuant to the Second Supplemental Indenture) and Net Earnings for Interest shall be sufficient to permit the issuance of the Bonds, and you shall have received certificates of the Company, as contemplated by Article IV of the Indenture, to such effect.

  • Maintain, as of the last day of each Fiscal Quarter, a ratio of (i) aggregate Bondable Capacity as of that date minus the aggregate principal amount of the Total Indebtedness of Borrower's Subsidiaries (but not Borrower) as of that date to (ii) the Total Indebtedness of Borrower (but not its Subsidiaries) minus Subordinated Indebtedness, of not less than 1.20 to 1.00.

  • Without limiting the generality of the foregoing, the Company’s Bondable Capacity and Net Earnings for Interest shall be sufficient to permit the issuance of the Bonds.

  • Without limiting the generally of the foregoing, the Company's Bondable Capacity and Net Earnings for Interest shall be sufficient to permit the issuance of the Bonds.


More Definitions of Bondable Capacity

Bondable Capacity means, as of any date of determination, 65% of the net book value of utility plant, property and equipment of the Regulated Subsidiaries, determined in accordance with GAAP.
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Bondable Capacity is defined as a dollar amount equal to the sum of:
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Related to Bondable Capacity

  • Idle capacity means the unused capacity of partially used facilities. It is the difference between: (a) that which a facility could achieve under 100 percent operating time on a one-shift basis less operating interruptions resulting from time lost for repairs, setups, unsatisfactory materials, and other normal delays; and (b) the extent to which the facility was actually used to meet demands during the accounting period. A multi-shift basis should be used if it can be shown that this amount of usage would normally be expected for the type of facility involved.

  • Available Capacity means the capacity from the Project, expressed in whole megawatts, that is available to generate Product. [For As-Available Product facilities only]

  • Project Capacity means the AC capacity of the project at the generating terminal(s) and to be contracted with MSEDCL for supply from the Solar Power Project.

  • Excess capacity means volume or capacity in a duct, conduit, or support structure other than a utility pole or anchor which can be used, pursuant to the orders and regulations of the Commission, for a pole attachment.

  • Contract Capacity has the meaning set forth in Section 3.1(f).

  • Interruptible Capacity means capacity that may be interrupted by the Operator at any time in order to fulfil shippers’ nominations under a firm capacity reservation.

  • Storage Capacity means any combination of space, injectability and deliverability.

  • Nameplate Capacity means the maximum electrical generating output (in MWe) that a generator can sustain over a specified period of time when not restricted by seasonal or other deratings as measured in accordance with the United States Department of Energy standards.

  • Technical Capacity means the maximum firm capacity that the transmission system operator can offer to the network users, taking account of system integrity and the operational requirements of the transmission network;

  • Contracted Capacity means the capacity (in MW AC) contracted with MSEDCL for supply by the successful bidder at the Delivery Point from the Solar Power Project.

  • Rated Capacity means the Average Daily Flow for which the Works are approved to handle;

  • System Capacity means the operational capacity of the System at any applicable point in time.

  • New Capacity means a new Generator, a substantial addition to the capacity of an existing Generator, or the reactivation of all or a portion of a Generator that has been out of service for five years or more that commences commercial service after the effective date of this definition. For purposes of Section 23.4.5 of this Attachment H, “Offer Floor” for a Mitigated Capacity Zone Installed Capacity Supplier that is not a Special Case Resource shall mean the lesser of (i) a numerical value equal to 75% of the Mitigation Net CONE translated into a seasonally adjusted monthly UCAP value (“Mitigation Net CONE Offer Floor”), or (ii) the numerical value that is the first year value of the Unit Net CONE determined as specified in Section 23.4.5.7, translated into a seasonally adjusted monthly UCAP value using an appropriate class outage rate, (“Unit Net CONE Offer Floor”). The Offer Floor for a Mitigated Capacity Zone Installed Capacity Supplier that is a Special Case Resource shall mean a numerical value determined as specified in Section 23.4.5.7.5. The Offer Floor for Additional CRIS MW shall mean a numerical value determined as specified in Section 23.4.5.7.6. For the purposes of Section 23.4.5 of this Attachment H, “Non-Qualifying Entry Sponsors” shall mean a Transmission Owner, Public Power Entity, or any other entity with a Transmission District in the NYCA, or an agency or instrumentality of New York State or a political subdivision thereof.

  • Bid Capacity meanss capacity offered by the bidder in his Bid under invitation.

  • Nominal Capacity means the volume indicated by the manufacturer that represents the maximum recommended filling level.

  • Licensed capacity means the number of children the Department has determined the day care home can care for at any one time in addition to any children living in the home who are under the age of 12 years. Children age 12 and over on the premises are not considered in determining licensed capacity.

  • Design capacity means the volume of a containment feature at a discharging facility that accommodates all permitted flows and meets all Aquifer Protection Permit conditions, including allowances for appropriate peaking and safety factors to ensure sustained, reliable operation.

  • In a representative capacity means acting as:

  • Local Capacity Area has the meaning set forth in the CAISO Tariff.

  • Nameplate Capacity Rating means the maximum capacity of the Facility as stated by the manufacturer, expressed in kW, which shall not exceed 10,000 kW.

  • Generation Capacity Resource shall have the meaning specified in the Reliability Assurance Agreement.

  • Potential electrical output capacity means, with regard to a unit, 33 per- cent of the maximum design heat input of the unit.

  • Alternate Fuel Capability means a situation where an alternate fuel could have been utilized whether or not the facilities for such use have actually been installed; provided however, where the use of natural gas is for plant protection, feedstock or process uses and the only alternate fuel is propane or other gaseous fuel, then the Buyer will be treated as if he had no altemate fuel capability.

  • Installed Capacity or 'IC’ means the summation of the name plate capacities of all the units of the generating station or the capacity of the generating station (reckoned at the generator terminals), approved by the Commission from time to time;

  • indemnified capacity means any and all past, present and future service by an indemnified representative in one or more capacities as a director, officer, employee or agent of the corporation, or, at the request of the corporation, as a director, officer, employee, agent, fiduciary or trustee of another corporation, partnership, joint venture, trust, employee benefit plan or other entity or enterprise;

  • Final RTO Unforced Capacity Obligation means the capacity obligation for the PJM Region, determined in accordance with RAA, Schedule 8.