Initial Base Case Financial Model definition

Initial Base Case Financial Model means the financial model prepared by or on behalf of the Borrower and delivered by the Borrower to the TIFIA Lender pursuant to Section 12(a)(ix) (Conditions Precedent to Effectiveness) forecasting the cash flows and the availability of Pledged Taxes for time periods from the Effective Date through December 2060 for the TIFIA Loan and the Existing TIFIA Bonds and based upon assumptions and methodology provided by the Borrower and acceptable to the TIFIA Lender, which financial model shall be provided to the TIFIA Lender as a fully functional Microsoft Excel-based financial model or such other format requested by the ▇▇▇▇▇ ▇▇▇▇▇▇.

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Initial Base Case Financial Model means the financial model prepared by or on behalf of the Borrower and delivered by the Borrower to the TIFIA Lender pursuant to Section 12(a)(ix) (Conditions Precedent to Effectiveness) forecasting the cash flows and the availability of Pledged Taxes for time periods from the Effective Date through December 2062 for the TIFIA Loan, the Existing TIFIA Bonds, and the RRIF Loan, and based upon assumptions and methodology provided by the Borrower and acceptable to the TIFIA Lender, which financial model shall be provided to the TIFIA Lender as a fully functional Microsoft Excel-based financial model or such other format requested by the ▇▇▇▇▇ ▇▇▇▇▇▇.

Initial Base Case Financial Model means the Base Case Financial Model attached to and incorporated by reference in this Agreement as Exhibit "C".

Examples of Initial Base Case Financial Model in a sentence

In the event that a review by the Financial Model Auditor of the Initial Base Case Financial Model discloses errors or discrepancies in such financial model that results in an increase to the Initial Equity IRR in excess of five bps, the Public Funds Amount will be decreased in an amount so as to return the Base Case Equity IRR to the Initial Equity IRR, and the Initial Base Case Financial Model will be updated to reflect such adjustment.
If a review by the Financial Model Auditor of the Initial Base Case Financial Model discloses errors or discrepancies in such financial model that results in a decrease to the Initial Equity IRR, the Initial Base Case Financial Model will be updated, subject to prior review and approval by the Department, to reflect any adjustments, however the Public Funds Amount will not change.
The Developer will furnish to the Department any password or other access rights for each of the Initial Base Case Financial Model or the Base Case Financial Model.
The Department will bear the risk of increased operating costs with an equivalent impact of $1 million per annum (expressed in 2010 dollars), escalated from 2010 at the CPI assumption contained in the Initial Base Case Financial Model.
The Initial Base Case Financial Model will be updated in accordance with the Financial Close Adjustment Protocol set forth in Exhibit BB to account for the revised operating costs and used to calculate the Initial Public Funds Amount such that the Equity IRR is equal to the Initial Equity IRR.
For the avoidance of doubt, the Initial Base Case Financial Model used to calculate the adjustment in the Public Funds Amount will be adjusted solely as set forth in this Section 7.03(b) and will not be adjusted for other revised projections and calculations or the terms and conditions included in the Initial Project Financing Agreements.
The above changes will be made to the Initial Base Case Financial Model and the resulting, adjusted financial model will be the Base Case Financial Model.
If a review by the Financial Model Auditor of the Initial Base Case Financial Model discloses errors or discrepancies in such financial model that results in a decrease to the Initial Equity IRR in excess of 5 bps, the Department and the Concessionaire will engage in discussions as promptly as reasonably possible and exercise good faith efforts to agree to any adjustments or other resolutions reasonably satisfactory to each party.
The Phase Developer shall develop and submit as part of the Financing Plan (including any draft or update) a financial model that complies with the requirements set out in Exhibit 7 Section 1.6 (Initial Base Case Financial Model), subject to the conditions below.
During the Term, ▇▇▇ shall comply ----------------------------- with the Minimum Performance Standards described in this Section 5.8. The Minimum Performance Standards shall be calculated for each year of the Term based on the Initial Base Case Financial Model.

More Definitions of Initial Base Case Financial Model

Initial Base Case Financial Model means the financial model submitted with the Committed Section Proposal that is accepted and approved as part of the MDOT, MDTA, and BPW processes for the Section.

Initial Base Case Financial Model means the Base Case Financial Model dated September 26, 2023 with file name REDACTED [confidential information] and delivered by the Borrower to the Administrative Agent, which Base Case Financial Model has been approved by the Joint Lead Arrangers in consultation with the Independent Technical Consultant, which Base Case Financial Model is based on the Mine Plan and includes the "Project Sources and Uses" as summarized in Schedule Q. "Initial Mandatory Gold Hedge/Mandatory CapEx FX Hedge" shall have the meaning ascribed thereto pursuant to Section 11.2.

Initial Base Case Financial Model means the Base Case Financial Model dated June 1, 2012 delivered by the Borrower to the Agent (with confirmation of receipt of same delivered by the Lender to the Borrower on or before the date of this Agreement).

Initial Base Case Financial Model means Developer’s financial model for the Project as of the Commercial Close Date, which is attached in electronic format as Exhibit U (Financial Model and Related Information).

Initial Base Case Financial Model means the Developer’s financial model for the Project as of the Effective Date, which is attached in electronic format as Appendix 17 (Financial Model).