Examples of Initial Financial Model in a sentence
Within thirty (30) days of its receipt thereof, the Independent Engineer shall notify the Technical Agent whether or not, in its professional opinion, each of the updated Operating Plan, updated Construction Budget and updated Financial Model is in material compliance with the Initial Operating Plan, Initial Construction Budget and the Initial Financial Model, respectively.
The Initial Financial Model shall be updated for the Input Data and the CRF recalculated to achieve the sharing of cost savings achieved by the Project Company.
Sharing of Construction, Financing and Tax Cost Savings and Tariff Adjustment Pursuant to the terms of the PPA, if the cost of construction and financing of the Project are reduced below the amounts appearing in the Initial Financial Model, the Project Company is required to share 50% of the cost savings with TNB.
The resulting Equity IRR will be the Initial Equity IRR and the resulting Financial Model will be the Initial Financial Model following completion of the requirements in ITP Section 6.7.3 by the Model Auditor.
Where the tax benefit relates to sales tax and/ or import duty, TNB is only entitled to receive the tax benefits in excess of RM231,000,000.00 (being the amount factored in the Initial Financial Model).