KCRC System definition

KCRC System means: (a) the KCRC Railway from time to time; (b) the TSA Buses; and (c) the KCRC Related Businesses;
KCRC System means: (a) the KCRC Railway from time to time; (b)

Examples of KCRC System in a sentence

  • The applicable percentage will vary according to the amount of revenue generated from the KCRC System for each financial year as follows: for the first HK$2.5 billion of revenue generated from the KCRC System, the applicable percentage will be 0.0%; for the next HK$2.5 billion, the applicable percentage will be 10.0%; for the next HK$2.5 billion, the applicable percentage will be 15%; for revenue generated from the KCRC System above HK$7.5 billion, the applicable percentage will be 35.0%.

  • The Company believes that the structure also offers some protection against future adverse changes in patronage and fares of the KCRC System as explained below.The payment structure of the rail component includes the Upfront Payments, the Fixed Annual Payments and the Variable Annual Payments for the Concession Period.

  • In addition, the Economic Intelligence Unit, a third party economic research and advisory firm, forecasts the average CCPI growth for Hong Kong between 2008 and 2030 to be approximately 2.4% per annum.Purely for illustrative purposes, in addition to the Zero Growth Case scenario described above, we have considered the impact of growth on the illustrative net present value of the Adjusted KCRC System Cashflows.

  • We have assumed: (i) a range of nominal growth rates of between 1.0% and 3.0% which are applied to the steady-state, pro-forma Year 4 cashflow for KCRC System of HK$530 million calculated in Table 2 above; and (ii) a WACC range of between 9.0% and 11.0%.

  • The final outcome could be better or worse than our illustrative calculations depending, in particular, on the actual incremental rail and related cashflows of the KCRC System achieved as compared to our illustrative, Adjusted KCRC System Cashflows.

  • The applicable percentage will vary according to the amount of revenue generated from the KCRC System for each financial year as follows: for the first HK$2.5 billion of revenue generated from the KCRC System, the applicable percentage will be 0.0%; for the next HK$2.5 billion, the applicable percentage will be 10.0%; for the next HK$2.5 billion, the applicable percentage will be 15.0%; for revenue generated from the KCRC System above HK$7.5 billion, the applicable percentage will be 35.0%.

  • Such Variable Annual Payments will provide the Company with a certain degree of protection against the risks associated with future adverse changes in the KCRC System Revenue as the amount of the Variable Annual Payments will vary with the revenue attributable to the KCRC System.

  • Based on our illustrative analysis, the internal rate of return for the Adjusted KCRC System Cashflows over the illustrative Concession Period in the Zero Growth Case scenario is approximately 14.2%, which is significantly above our assumed, estimated WACC of approximately 9.1%.The above net present value and internal rate of return calculations are illustrative only and depend on the underlying assumptions of our analysis.

  • The rail component of the Rail Merger has been specially structured as a Service Concession, thereby allowing the Company to acquire the rights to access and operate the KCRC System and related assets whilst not assuming KCRC’s existing debts (except as joint co-obligor with KCRC in relation to the CBLs) nor paying a significantly greater upfront payment.

  • For example, if the applicable rate of inflation throughout the illustrative Concession Period is 3.0% per annum, below the historical average for Hong Kong of approximately 5.0% (between 1981 and 2006), then the illustrative net present value of the Adjusted KCRC System Cashflows would be approximately HK$4,117 million, assuming a discount rate of 9.0%, even if there is zero real growth in the cashflows.

Related to KCRC System

  • SDX System means the system used by NERC to exchange system data.

  • Waterworks System means all waterworks and all appurtenances thereto, including water mains, service connections, pumping stations, wells, water storage facilities and treatment plants, and owned, controlled, maintained and operated by the City or by agreement between the City and others.

  • MERS(R) System The system of recording transfers of Mortgages electronically maintained by MERS.

  • Electric System means all electrical wires, equipment, and other facilities owned or provided by the utility that are used to transmit electricity to customers.

  • 911 system means the set of network, database and customer premise equipment (CPE) components required to provide 911 service.

  • Electric System Upgrades means any Network Upgrades, Distribution Upgrades, or Interconnection Facilities that are determined to be necessary by the CAISO or Participating Transmission Owner, as applicable, to physically and electrically interconnect the Project to the Participating Transmission Owner’s electric system for receipt of Energy at the Point of Interconnection (as defined in the CAISO Tariff) if connecting to the CAISO Grid, or the Interconnection Point, if connecting to a part of the Participating TO’s electric system that is not part of the CAISO Grid.

  • SCADA System means the Supervisory Control and Data Acquisition System which is composed of all telemetering and remote terminal units (“RTU”) at the Facility and associated with the Grid System or BPDB’s Control Center;

  • Production System means a live SAP system used for running Licensee’s internal business operations and where Licensee’s data is recorded.

  • Water System means the plants, structures and other

  • Supplier System means the information and communications technology system used by the Supplier in performing the Services including the Software, the Equipment and related cabling (but excluding the Customer System);

  • Grid System means STU / MSEDCL power transmission system / distribution system through which Delivered Energy is evacuated and distributed.

  • X-ray system means an assemblage of components for the controlled production of x-rays. It includes minimally an x-ray high-voltage generator, an x-ray control, a tube housing assembly, a beam-limiting device, and the necessary supporting structures. Additional components which function with the system are considered integral parts of the system.

  • DTC System means the book-entry system of DTC.

  • Public System means the telecommunications system run by a public telecommunications operator or internet service provider which may be accessed by GSM Data, ISDN, IP, Mobitex (i.e., the Radio Packet Data Network), analogue line or other transmission type.

  • Utility system means electrical equipment owned by or under the control of a serving utility that is used for the transmission or dis- tribution of electricity from the source of supply to the point of contact and is defined in section 90.2 (b)(5) of the National Electri- cal Code, 1981 edition (see RCW 19.28.010(1)).

  • Bulk Electric System shall have the meaning provided for in the NERC Glossary of Terms used in Reliability Standards, as it may be amended, supplemented, or restated from time to time.

  • XXXXX System means the XXXXX filing system of the Commission and the rules and regulations pertaining thereto promulgated by the Commission in Regulation S-T under the Securities Act and the Exchange Act, in each case as the same may be amended or succeeded from time to time (and without regard to format).

  • Customer System means the Customer's computing environment (consisting of hardware, software and/or telecommunications networks or equipment) used by the Customer or the Supplier in connection with this Contract which is owned by or licensed to the Customer by a third party and which interfaces with the Supplier System or which is necessary for the Customer to receive the Services;

  • TA2000 System means DST’s TA2000TM computerized data processing system for shareholder accounting.

  • Integrated Services Digital Network (ISDN) means a switched network service that provides end-to-end digital connectivity for the simultaneous transmission of voice and data. Basic Rate Interface-ISDN (BRI-ISDN) provides for a digital transmission of two (2) 64 Kbps bearer channels and one (1) 16 Kbps data channel (2B+D).

  • Leak-detection system means a system capable of detecting the failure of either the primary or secondary containment structure or the presence of a release of hazardous waste or accumulated liquid in the secondary containment structure. Such a system must employ operational controls (e.g., daily visual inspections for releases into the secondary containment system of aboveground tanks) or consist of an interstitial monitoring device designed to detect continuously and automatically the failure of the primary or secondary containment structure or the presence of a release of hazardous waste into the secondary containment structure.

  • Wastewater System means a system of wastewater collection, treatment,

  • Noncommunity water system means a public water system that is not a community water system.

  • E-Verify system means an Internet-based system operated by the United States Department of Homeland Security that allows participating employers to electronically verify the employment eligibility of newly hired employees; and

  • Stormwater system means both the constructed and natural facilities, including pipes, culverts, watercourses and their associated floodplains, whether over or under public or privately owned land, used or required for the management, collection, conveyance, temporary storage, control, monitoring, treatment, use and disposal of stormwater;

  • Small municipal separate storm sewer system or "small MS4" means all separate storm sewers that are (i) owned or operated by the United States, a state, city, town, borough, county, parish, district, association, or other public body (created by or pursuant to state law) having jurisdiction over disposal of sewage, industrial wastes, stormwater, or other wastes, including special districts under state law such as a sewer district, flood control district or drainage district, or similar entity, or an Indian tribe or an authorized Indian tribal organization, or a designated and approved management agency under § 208 of the CWA that discharges to surface waters and (ii) not defined as "large" or "medium" municipal separate storm sewer systems or designated under 4VAC50-60-380 A 1. This term includes systems similar to separate storm sewer systems in municipalities, such as systems at military bases, large hospital or prison complexes, and highway and other thoroughfares. The term does not include separate storm sewers in very discrete areas, such as individual buildings.