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 XXXXX Xxxxxx.
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2
Initial Base Case Financial Model means the Base Case Financial Model attached to and incorporated by reference in this Agreement as Exhibit "C".
Sample 1Sample 2

Examples of Initial Base Case Financial Model in a sentence

  • 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.

  • 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.

  • For the avoidance of doubt, the Initial Base Case Financial Model shall not be adjusted for the terms and conditions included in the Project Finance Agreements and Financing Agreements (except as indicated in Exhibit X) and may not include any potential errors identified as part of the updated model audit opinion except as provided in Section 7.06(b)(i).

  • Starting from the Initial Base Case Financial Model, the following protocol outlines the steps to be used to update the Initial Base Case Financial Model to reflect changes in terms and conditions as of the Financial Close Date to determine any changes to the Concession Fee or Public Funds Amount and Equity Contribution Amount.

  • On the Financial Close Date, the Developer and the Department shall adjust the Initial Base Case Financial Model to reflect only those changes to financial terms permitted under Sections 7.06(b)(ii)(A), 7.06(b)(iii), 7.06(b)(iv) and any other revisions approved by both the Department and the Developer.

  • Four, the Initial Base Case Financial Model shall be run to solve for the Public Funds Amount or Concession Fee, as applicable, holding the Initial Pre-Refinancing Equity IRR and amount of debt proceeds constant and inputting only the changes recognizable under Section 7.06(b)(iii).

  • 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.

  • Second, the Initial Base Case Financial Model shall be run to solve for the Public Funds Amount or Concession Fee, as applicable, holding the Initial Pre-Refinancing Equity IRR and amount of debt proceeds constant and inputting only the changes recognizable under Section 7.06(b)(ii)(A)(1).

  • 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.


More Definitions of Initial Base Case Financial Model

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).
Sample 1
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 XXXXX Xxxxxx.
Sample 1
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.
Sample 1
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.
Sample 1
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).
Sample 1
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).
Sample 1

Related to Initial Base Case Financial Model

  • Base Case Financial Model means a financial model prepared by the Borrower forecasting the revenues and expenditures of the Project for time periods through the Final Maturity Date and based upon assumptions and methodology provided by the Borrower and acceptable to the TIFIA Lender as of the Effective Date, which model shall be provided to the TIFIA Lender as a fully functional Microsoft Excel – based financial model or such other format requested by the TIFIA Lender.

  • Financial Model means the financial model adopted by Senior Lenders, setting forth the capital and operating costs of the Project and revenues therefrom on the basis of which financial viability of the Project has been determined by the Senior Lenders, and includes a description of the assumptions and parameters used for making calculations and projections therein;

  • Financial Monitoring Report or “FMR” means each report prepared in accordance with Section 4.02 of this Agreement;

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

  • Base Case A statement of the technical, economic and tax assumptions relating to the Project in the form of a run of the Financial Model as updated from time to time.

  • Base Case Model means the financial model and statements including profit and loss, balance sheet and financial projections reflecting the forecasted consolidated financial conditions of the Group for the term of this Agreement (for these purposes assuming both before and after the incurrence of the indebtedness under the Finance Documents), each in form and substance satisfactory to the Finance Parties addressed to, and/or capable of being relied upon by the Finance Parties.

  • Closing Date Financial Statements has the meaning set forth in Section 2.3(a)(i).

  • business acquisition report means a completed Form 51-102F4 Business Acquisition Report;

  • Closing Date Business Plan means the set of Projections of Borrowers for the 3 year period following the Closing Date (on a year by year basis, and for the 1 year period following the Closing Date, on a month by month basis), in form and substance (including as to scope and underlying assumptions) satisfactory to Agent.

  • Initial Engineering Report means the engineering report concerning Oil and Gas Properties of Loan Parties dated as of June 30, 2016, prepared internally by the Borrower.

  • CMSA Comparative Financial Status Report The monthly report in "Comparative Financial Status Report" format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CMSA for commercial mortgage securities transactions generally and, insofar as it requires the presentation of information in addition to that called for by the form of the "Comparative Financial Status Report" available as of the Closing Date on the CMSA website, is reasonably acceptable to the Master Servicer or the Special Servicer, as applicable.

  • CREFC® Comparative Financial Status Report The monthly report in “Comparative Financial Status Report” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Business Plan means the information required to be supplied to the

  • Financial Closing Date means the date of the closing of the initial agreements for any Financing of the Facility and of an initial disbursement of funds under such agreements.

  • Annual Financial Statement is defined in Section 10.1(a).

  • Financial Statement Date means December 31, 1999.

  • Comparative Financial Status Report format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Initial Reserve Report means the report prepared by or under the supervision of the chief engineer of the Borrower with respect to certain Oil and Gas Properties of the Borrower and its Restricted Subsidiaries as of December 31, 2018.

  • Most Recent Fiscal Month End has the meaning set forth in Section 4(g) below.

  • Monthly Financial Statements is defined in Section 6.2(c).

  • Closing Date Working Capital has the meaning specified in Section 2.3(b).

  • Approved Annual Budget shall have the meaning set forth in Section 5.1.11(d) hereof.

  • Financial Projections has the meaning provided in Section 5.07(b).

  • Pro Forma Financial Statements shall have the meaning set forth in Section 5.5(b) hereof.

  • Closing Date Net Working Capital shall have the meaning set forth in Section 2.03(c).

  • Most Recent Financial Statements has the meaning set forth in Section 4(g) below.