Net Revenue Requirement definition

Net Revenue Requirement means, with respect to any period of time, an amount necessary to cure deficiencies, if any, in the Debt Service Account, the Debt Reserve Account, any Junior Bond Debt Service Account and any Junior Bond Debt Reserve Account plus the greater of (i) the sum of Aggregate Debt Service, the Junior Bond Revenue Requirement and the Renewal and Replacement Deposit for such period or (ii) 1.3 times the Aggregate Debt Service for such period.

Net Revenue Requirement or “NRRy” means the amount, expressed in Dollars per MW- month for any given Settlement Month, as set out in Exhibit B and subject to indexation as set out in Exhibit J.

Net Revenue Requirement means with respect to any Fiscal Year or any period, an amount equal to the greater of: (i) the sum of (a) the Aggregate Debt Service in such Fiscal Year or such period and (b) the Required Deposits for such Fiscal Year or such period; or (ii) 1.20 times the Aggregate Debt Service in such Fiscal Year or such period plus 1.20 times the aggregate Support Facility Reimbursement Obligations outstanding as of the end of such Fiscal Year or such period.

Examples of Net Revenue Requirement in a sentence

• DSM Project Location: EXHIBIT B DSM CONTRACT VALUES DSM Contract Values Estimated or Calculated Values DSM Project Equivalent Capacity 1 DSM Project Annual Electricity Savings 1 MW kWh/year Net Revenue Requirement 3 $ .

• EXHIBIT A SUMMARY OF CONTRACT FACILITY Legal Name of Supplier: Contract Facility Location: Type of Generator: Description of Key Equipment: Connection Point: EXHIBIT B CONTRACT CAPACITY, NET REVENUE REQUIREMENT, AND OTHER STATED COSTS Contract Capacity MW Net Revenue Requirement $ .

• Notwithstanding anything in this Agreement to the contrary, the Net Revenue Requirement applicable from and after the effective date of such order or directive shall be reduced, by mutual agreement, by an amount commensurate with such reduction in Supplier Connection Costs as a result of such OEB order or directive, amortized on a straight-line basis over the balance of the Term.

• Notwithstanding anything in this Agreement to the contrary, the Net Revenue Requirement applicable from and after the effective date of such order or directive shall be reduced, by mutual agreement, by an amount commensurate with such reduction in Supplier Connection Costs for which the Supplier was not entitled to be reimbursed pursuant to Exhibit Y as a result of such OEB order or directive, amortized on a straight-line basis over the balance of the Term.

More Definitions of Net Revenue Requirement

Net Revenue Requirement or “NRRy” has the meaning given to it in Exhibit J.

Net Revenue Requirement or “NRRB” means that amount to be established pursuant to Section 4.6 as the “Net Revenue Requirement”.

Net Revenue Requirement or “NRR” means that amount set out in Exhibit B as being the “Net Revenue Requirement”.

Net Revenue Requirement or “NRRy” means the amount, expressed in Dollars per MW- month, as set out in Exhibit B.

Net Revenue Requirement means the achievement by the Borrower, as of the last day of each fiscal quarter, of a minimum Net Revenue of: (i) Three Million Two Hundred One Thousand Nine Hundred Fifty-Four Dollars ($3,201,954.00) for the quarter ending March 31, 1999; (ii) Four Million Thirty Thousand Seven Hundred Ten Dollars ($4,030,710.00) for the quarter ending June 30, 1999; (iii) Four Million Six Hundred Twenty-Five Thousand Four Hundred Forty-Two Dollars ($4,625,442.00) for the quarter ending September 30, 1999; and (iv) Five Million Seven Hundred Thirty-Three Thousand Four Hundred Seventy-Nine Dollars ($5,733,479.00) for the quarter ending December 31, 1999, and for each quarter thereafter. Borrower's Net Revenue calculation for each fiscal quarter shall be included in the Compliance Certificate as described in Section 6.3 hereof."

Net Revenue Requirement means with respect to each Fiscal Year or other period an amount equal to the greater of: (a) one hundred twenty percent (120%) of Debt Service; or (b) one hundred percent (100%) of Debt Service plus the total amount of principal of and interest on all general obligation or other bonds, notes or other evidences of indebtedness (excluding principal of bond anticipation notes to the extent they are paid or to be paid from proceeds of bonds or other obligations maturing after the end of the Fiscal Year or other period) payable from Revenues during the Fiscal Year or other period and the additional amount, if any, required to be paid from the General Reserve Account to satisfy the Renewal and Replacement Requirement for the Fiscal Year or other period.

Net Revenue Requirement or “NRRy” means the amount, expressed in Dollars per MW- month for any given Settlement Month, as set out in Exhibit B as being applicable for such