Debt Sizing Parameters definition

Debt Sizing Parameters means the following criteria, in each case as demonstrated by the Base Case Model:
Sample 1Sample 2Sample 3
Debt Sizing Parameters means: (a) at least 1.55:1.00 minimum Debt Service Coverage Ratio assuming P50 Production, (b) at least 1.65:1.00 average Debt Service Coverage Ratio assuming P50 Production, (c) at least 1.10:1.00 minimum Quarterly Debt Service Coverage Ratio assuming P95 Production, (d) at least 1.20:1.00 minimum Contracted Cash Flow DSCR and (e) a Debt to Equity Ratio no greater than 65:35.
Sample 1
Debt Sizing Parameters means the maximum amount of Term Loans, that, if provided to the Borrower would permit the Borrower to repay in full the principal amount of the Term Loans by the dates described below such that a minimum projected Debt Service Coverage Ratio calculated pursuant to the Base Case Forecast of not less than (i)(A) 1.30:1.00 on the basis of a P50 probability of exceedance forecasts for one (1)-year periods for the last day of each calendar quarter for the remaining term of the Power Purchase Agreement and (B) 2.00:1.00 on the basis of a P50 probability of exceedance forecasts for one (1)-year periods for the last day of the calendar quarters for up to five (5) years following the expiration of each Project’s Power Purchase Agreement, not to exceed 16.75 years from the Closing Date and (ii) 1.00:1.00 on the basis of a P99 probability of exceedance forecasts for one (1)-year periods for the last day of each calendar year for the remaining term of the Power Purchase Agreement.
Sample 1

Examples of Debt Sizing Parameters in a sentence

  • The Term Loan sizing is based on the Debt Sizing Parameters; provided, in no event shall the Total Term Loan Commitment exceed the amount provided for in the definition of Total Term Loan Commitment as set forth in Section 2.5(a).

  • The Borrower shall have Made Available to the Administrative Agent and the Lenders the Base Case Model, which shall comply with the Debt Sizing Parameters and shall otherwise be in form and substance satisfactory to the Lenders.

  • Some of its important features are:• Initially when forward voltage is applied across the device, the off state or static dv/dt has to be limited so that the device does not turn on.• When gate current IG is applied (with anode in forward blocking state), there is a finite delay time before the anode current starts building up.

  • The Base Case Forecast, dated as of the Closing Date, certified as such by an Authorized Officer of the Borrower as to the satisfaction of the Debt Sizing Parameters, as agreed to with the Independent Engineer.


More Definitions of Debt Sizing Parameters

Debt Sizing Parameters means the following criteria, in each case as demonstrated by the Base Case Model: (a) the minimum and average Debt Service Coverage Ratio projected for each twelve month period ending on a fiscal quarter commencing on June 30, 2020 until the Deemed Final Repayment Date of at least 1.40 to 1.00, assuming the Obligations are repaid in full by the Deemed Final Repayment Date and, in the case of any update to the Base Case Model, demonstrating any assume prepayment necessary as of the date of such update to satisfy compliance with such condition; and (b) the principal outstanding under this Agreement (including any Loan being made as of the date of determination) is no greater than: (i) the lesser of (i) 72.5% multiplied by the Portfolio Value related to Eligible Projects and PBI Payments and (ii) the maximum amount of debt that will,
Sample 1
Debt Sizing Parameters means that the applicable Base Case Model shall yield a minimum Debt Service Coverage Ratio (before giving effect to any module replacement expenses or drawdowns in respect of Permitted Replacement Expenditures (as defined in the Depositary Agreement)) of 1.30:1.00, calculated as of each Quarterly Date from the Closing Date until the Scheduled Term Loan Maturity Date; provided that with respect to the Yaphank Project, for the period commencing on January 1, 2029, a minimum Debt Service Coverage Ratio of 1.50:1.00 shall apply.
Sample 1

Related to Debt Sizing Parameters

  • Level IV Pricing applies on any day on which (i) the Borrower’s long-term debt is rated BBB+ or higher by S&P or Baa1 or higher by Moody’s and (ii) none of Level I Pricing, Level II Pricing or Level III Pricing applies.

  • Level V Pricing applies on any day if no other Pricing Level applies on such day.

  • Level III Pricing applies on any day on which (i) the Borrower’s long-term debt is rated A- or higher by S&P or A3 or higher by Moody’s and (ii) neither Level I Pricing nor Level II Pricing applies.

  • Reference Schedule means the reference schedule in Part A of this Invitation

  • Parameter means a physical, biological, or chemical property of state water when a value of that

  • Term SOFR Rate means, with respect to any Term Benchmark Borrowing and for any tenor comparable to the applicable Interest Period, the Term SOFR Reference Rate at approximately 5:00 a.m., Chicago time, two U.S. Government Securities Business Days prior to the commencement of such tenor comparable to the applicable Interest Period, as such rate is published by the CME Term SOFR Administrator.

  • Level I Pricing applies on any day on which the Borrower’s long-term debt is rated A+ or higher by S&P or A1 or higher by Moody’s.

  • Net Yield means, with respect to any Monthly Period, Portfolio Yield with respect to such Monthly Period minus the Base Rate with respect to such Monthly Period.

  • Level II Pricing applies on any day on which (i) the Borrower’s long-term debt is rated A or higher by S&P or A2 or higher by Moody’s and (ii) Level I Pricing does not apply.

  • Pricing Level refers to the determination of which of Level I, Level II, Level III, Level IV, Level V or Level VI Pricing applies on any day.

  • Pricing Level IV means any time when (i) no Event of Default has occurred and is continuing, (ii) the Senior Debt Rating is BBB- or higher by S&P or Baa3 or higher by Moody’s and (iii) Pricing Levels I, II and III do not apply.

  • Pricing Level I shall exist on an Adjustment Date if the Consolidated Leverage Ratio for the relevant period is greater than or equal to 3.50 to 1.00.

  • Pricing Level II shall exist on an Adjustment Date if the Consolidated Leverage Ratio for the relevant period is less than 3.50 to 1.00 but greater than or equal to 3.00 to 1.00.

  • Pricing Level V any time when (i) the senior unsecured long term debt rating of the Borrower by (x) S&P is BBB‑ or higher or (y) Xxxxx’x is Baa3 or higher and (ii) none of Pricing Level I, Pricing Level II, Pricing Level III or Pricing Level IV applies.

  • Pricing Level III shall exist on an Adjustment Date if the Consolidated Leverage Ratio for the relevant period is less than 3.00 to 1.00 but greater than or equal to 2.50 to 1.00.

  • Model PSA means that certain pooling and servicing agreement, dated as of July 1, 2023, relating to the BBCMS Mortgage Trust 2023-C20 securitization.