Commercially Feasible Basis definition

Commercially Feasible Basis means that, following an Event of Loss or an Expropriation Event, (i) the sum of the proceeds of business interruption insurance, any funds available to be applied to the rebuilding, repair or restoration pursuant to subsection 2.5.3(e), any amounts that the shareholders of all the Joint Venture Companies are irrevocably committed to contribute and the anticipated revenues of the Project during the estimated period of rebuilding, repair or restoration will be sufficient to pay all Debt Service and O&M Costs of the Project during the estimated period of rebuilding, repair or restoration and (ii) the Project upon being rebuilt, repaired or restored can reasonably be expected to produce revenues adequate to pay all Debt Service and O&M Costs of all Joint Venture Companies pursuant to each such Joint Venture Company's respective Shareholder Loan Agreement over the remaining terms of the Loans outstanding of each Joint Venture Company, taking into account any change in projected operating results due to the impairment of any portion of the Project, all without materially affecting the Borrower's Debt Service Coverage Ratio.
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Commercially Feasible Basis means that, following a Luannan Event of Loss or an Luannan Expropriation Event, (i) the sum of the proceeds of the business interruption insurance, the moneys held in the Debt Service Fund, any amounts that the Issuer and its Affiliates and the County Partners are irrevocably committed to contribute and the anticipated revenues of the Luannan Facility during the estimated period of rebuilding, repair or restoration will be sufficient to pay all facility restoration costs, Debt Service and O&M Costs of the Luannan Facility during the estimated period of rebuilding, repair or restoration and (ii) the Luannan Facility upon being rebuilt, repaired or restored can reasonably be expected to produce revenues adequate to pay all Debt Service and O&M Costs over the remaining terms of the Securities Outstanding having the longest Stated Maturity, taking into account any change in projected operating results due to the impairment of any portion of the Luannan Facility.
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Commercially Feasible Basis means that, following an Event of Loss or an Expropriation Event, (i) the sum of the proceeds of business interruption insurance, any funds available to be applied to the rebuilding, repair or restoration pursuant to subsection 2.6.3(e), any amounts that the shareholders of all the Joint Venture Companies are irrevocably committed to contribute and the anticipated revenues of the Facility during the estimated period of rebuilding, repair or restoration will be sufficient to pay all Facility restoration costs, Debt Service and O&M Costs of the Facility during the estimated period of rebuilding, repair or restoration and (ii) the Facility upon being rebuilt, repaired or restored can reasonably be expected to produce revenues adequate to pay all Debt Service and O&M Costs of all Joint Venture Companies pursuant to each such Joint Venture Company's respective JV Shareholder Loan Agreement over the remaining terms of the Loans outstanding of each Joint Venture Company, taking into account any change in projected operating results due to the impairment of any portion of the Facility, all without materially affecting the ability of the Joint Venture Companies to repay their Shareholder Loan or the ability of the Borrower to repay the Loans.
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Examples of Commercially Feasible Basis in a sentence

  • If detention storage is provided within a floodplain, only the net increase in storage volume above that which naturally existed on the floodplain shall be credited to the development.

  • The Redemption Date shall be any date during the ninety (90) day period following the date of the Partnership's determination that (x) the Project cannot be rebuilt, repaired or restored to permit operation of the entire Project or a portion thereof on a Commercially Feasible Basis pursuant to Section 6.10(d)(i) or (y) not to rebuild, repair or restore pursuant to Section 6.10(f), as the case may be, (taking into account the notice requirements set forth in Section 7.4).


More Definitions of Commercially Feasible Basis

Commercially Feasible Basis means that, following a Casualty --------------------------- Event, an Expropriation Event or a Title Event, (i) the Casualty Proceeds, the Expropriation Proceeds or the Title Proceeds, as the case may be, together with any other amounts that the Issuer is irrevocably committed, or irrevocably commits, to contribute to Restoring all or a portion, as the case may be, of the Project, will be sufficient to permit such Restoration of the Project, (ii) the sum of (a) the proceeds of the business interruption insurance which the Issuer shall have received, (b) the moneys available in the O&M Account, (c) any amounts that the Issuer is irrevocably committed, or irrevocably commits, to contribute (without duplication of such amounts referred to in clause (i) above) and (d) the anticipated Operating Revenues during the estimated period of Restoration will be sufficient to pay all Debt Service and O&M Costs (taking into account the limitation on the use of such funds set forth in the Deposit and Disbursement Agreement) during the estimated period of Restoration, and (iii) the Issuer shall reasonably believe that the Project can be operated in accordance with the provisions of the Project Documents that are then in effect or that are expected to be in effect after the completion of the Restoration.
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Commercially Feasible Basis means that, following an Event of Loss, an Event of Eminent Domain or Title Event, (i) the sum of the proceeds of business interruption insurance, moneys held in the Debt Service Fund, any amounts that the Partners are irrevocably committed to contribute and anticipated Project Revenues during the estimated period of rebuilding, repair or restoration will be sufficient to pay all Debt Service and Operating Expenses during such estimated period and (ii) the Project upon being rebuilt, repaired or restored can be reasonably expected to produce Project Revenues adequate to pay all Debt Service and Operating Expenses over the term of the VEPCO Power Purchase Agreement taking into account any change in projected operating results due to the impairment of any portion of the Project and any reduction in Debt Service.
Sample 1
Commercially Feasible Basis means that, following an Event of Loss or an Event of Eminent Domain, the Project upon being rebuilt, repaired or restored can be reasonably expected to produce Project Revenue adequate to pay all Debt Service and Operating Expenses over the remaining term of the Bonds Outstanding having the longest Stated Maturity, taking into account any change in projected operating results due to the impairment of any portion of the Project and any reduction in Debt Service due to any partial redemption of the Bonds pursuant to Section 7.3(c).
Sample 1
Commercially Feasible Basis means that, following an Event of Loss, an Event of Eminent Domain or Title Event, (i) the sum of the proceeds of the business interruption insurance, the moneys held in the Debt Service Fund, any amounts that the Partners are irrevocably committed to contribute and the anticipated Project Revenues during the estimated period of rebuilding, repair or restoration will be sufficient to pay all Debt Service and Operating Expenses during the estimated period of rebuilding, repair or restoration and (ii) the Project upon being rebuilt, repaired or restored can be reasonably expected to produce Project Revenues adequate to pay all Debt Service and Operating Expenses over the remaining terms of the Bonds Outstanding having the longest Stated Maturity, taking into account any change in projected operating results due to the impairment of any portion of the Project.
Sample 1
Commercially Feasible Basis means that, following a Casualty Event, an Expropriation Event or a Title Event, (i) the Casualty Proceeds, the Expropriation Proceeds or the Title Proceeds, as the case may be, together with any other amounts that the Partnership is or the partners of the Partnership are irrevocably committed to contribute pursuant to support arrangements to Restoring all or a portion, as the case may be, of the Project, will be sufficient to permit such Restoration of the Project, (ii) the sum of (a) the proceeds of the business interruption insurance which the Partnership shall have received, (b) the moneys available in the Construction Account and the O&M Account, (c) any amounts that the Partnership is or the partners of the Partnership are irrevocably committed to contribute pursuant to support arrangements (without duplication of such amounts referred to in clause (i) above) and (d) the anticipated Operating Revenues during the estimated period of Restoration will be sufficient to pay all Senior Debt Service and O&M Costs (taking into account the limitation on the use of such funds set forth in the Common Agreement) during the estimated period of Restoration, (iii) the Project upon being Restored can be reasonably expected to produce Operating Revenues adequate to maintain (x) a Projected Senior Debt Service Coverage Ratio, for the period of four consecutive complete fiscal quarters of the Partnership commencing with the fiscal quarter of the Partnership beginning on or most recently after the projected date of Restoration, equal to or greater than 1.3 to 1.0 during the 100% PPA Period and the Two-Thirds PPA Period and 1.75 to 1.0 during the One-Third PPA Period and the Merchant Period, and (y) a Projected Senior Debt Service Coverage Ratio, for each complete Fiscal Year commencing with the Fiscal Year beginning on or most recently after the projected date of Restoration, equal to or greater than 1.4 to 1 during the 100% PPA Period and the Two-Thirds PPA Period and 2.0 to 1.0 during the One-Third PPA Period and the Merchant Period, in each case taking into account any change in projected operating results due to the impairment of any portion of the Project and any reduction in Debt Service due to any partial redemption of the Bonds pursuant to Section 6.3 of this Indenture or any partial prepayment of the amounts outstanding under the VEPCO L/C Agreement, and (iv) the Partnership shall reasonably believe that the Project can be operated in accordance with the provis...
Sample 1
Commercially Feasible Basis means that, following an Event of Loss, (i) the sum of the proceeds of business interruption insurance and revenues of the Issuer during the estimated period of rebuilding, repair or restoration will be sufficient to make all payments, if any, of principal, interest and fees required to be made in respect of Senior Debt during the estimated period of rebuilding, repair or restoration and (ii) the Facilities, after the Affected Property has been rebuilt, repaired or restored, can be expected to perform in a manner consistent with their performance prior to the Event of Loss.
Sample 1

Related to Commercially Feasible Basis

  • Reasonable Basis means reasonable basis within the meaning of Section 6662(d)(2)(B)(ii)(II) of the Code and the Treasury Regulations promulgated thereunder (or such other level of confidence required by the Code at that time to avoid the imposition of penalties).

  • Commercially Sensitive Information Schedule means the Schedule containing a list of the Commercially Sensitive Information.

  • Commercially Sensitive Information means the Information (i) listed in the Commercially Sensitive Information Schedule; or (ii) notified to the Authority in writing (prior to the commencement of this Contract) which has been clearly marked as Commercially Sensitive Information comprised of information:

  • Contractor Commercially Sensitive Information means the information listed in the Contractor Commercial Sensitive Information Annex to the Contract being information notified by the Contractor to the Authority which is acknowledged by the Authority as being commercially sensitive information.

  • Technically Feasible refers solely to technical or operational concerns, rather than economic, space, or site considerations.

  • reasonable measures means appropriate measures which are commensurate with the money laundering or terrorism financing risks;

  • Commercially Useful Function means responsibility for the execution of a distinct element of the work of the contract, which is carried out by actually performing, managing, and supervising the work involved, evidencing the responsibilities and risks of a business owner such as negotiating the terms of (sub)contracts, taking on a financial risk commensurate with the contract or its subcontract, responsibility for acquiring the appropriate lines of credit and/or loans, or fulfilling responsibilities as a joint venture partner as described in the joint venture agreement.

  • Reasonable Commercial Efforts means, with respect to the applicable obligation of the Company, reasonable commercial efforts for similarly situated, publicly-traded companies.

  • Operating parameter value means a minimum or maximum value established for a control device or process parameter that, if achieved by itself or in combination with one (1) or more other operating parameter values, determines that an owner or operator has complied with an applicable emission limit.

  • Licensed Practical Nurse (LPN means a Practical Nurse who has completed a certificate program and passed the practical nurse licensure exam as required by the WY State Board of Nursing.

  • Commercially available means that the choice between domestic and imported products is unrestricted and depends only on commercial considerations.

  • Practical application means to manufacture in the case of a composition or product, to practice in the case of a process or method, or to operate in the case of a machine or system; and, in each case, under such conditions as to establish that the invention is being utilized and that its benefits are, to the extent permitted by law or government regulations, available to the public on reasonable terms.

  • Responsible public entity means a public entity that has the power to develop or operate the applicable qualifying project.

  • Commercially Reasonable Efforts means efforts which are reasonably within the contemplation of the Parties at the time of executing this Agreement and which do not require the performing Party to expend any funds other than expenditures which are customary and reasonable in transactions of the kind and nature contemplated by this Agreement in order for the performing Party to satisfy its obligations hereunder.

  • Locational Deliverability Area Reliability Requirement means the projected internal capacity in the Locational Deliverability Area plus the Capacity Emergency Transfer Objective for the Delivery Year, as determined by the Office of the Interconnection in connection with preparation of the Regional Transmission Expansion Plan, less the minimum internal resources required for all FRR Entities in such Locational Deliverability Area.

  • Green Tag Reporting Rights means the exclusive right of a purchaser of Environmental Attributes to report ownership of Environmental Attributes in compliance with federal or state law, if applicable, and to federal or state agencies or other parties at such purchaser's discretion, including under any present or future domestic, international, or foreign emissions trading program or renewable portfolio standard.

  • Technically permissible maximum laden mass means the maximum mass allocated to a vehicle on the basis of its construction features and its design performances.

  • Additional Book Basis means the portion of any remaining Carrying Value of an Adjusted Property that is attributable to positive adjustments made to such Carrying Value as a result of Book-Up Events. For purposes of determining the extent that Carrying Value constitutes Additional Book Basis:

  • Licensed practical nurse means a person licensed as a trained practical nurse under ch. 441, Stats.

  • Product Know-How means Know-How to the extent related to the properties, manufacture or use of any products.

  • Generally Available Information means information that is accessible to the public on a non-discriminatory basis.

  • Market Measure Business Day means a day on which:

  • Massive Multiauthor Collaboration Site (or “MMC Site”) means any World Wide Web server that publishes copyrightable works and also provides prominent facilities for anybody to edit those works. A public wiki that anybody can edit is an example of such a server. A “Massive Multiauthor Collaboration” (or “MMC”) contained in the site means any set of copyrightable works thus published on the MMC site.

  • Projected PJM Market Revenues means a component of the Market Seller Offer Cap calculated in accordance with Tariff, Attachment DD, section 6.

  • Commercially available off-the-shelf (COTS) item means a COTS item as defined in FAR 2.101

  • Excess Additional Book Basis has the meaning given such term in the definition of “Additional Book Basis Derivative Items.”