Operating Cash Available for Debt Service definition
Operating Cash Available for Debt Service means, for any period, Project Revenues during such period minus O&M Costs during such period.
Operating Cash Available for Debt Service means, for any period, Project Revenues during such period minus (a) O&M Costs during such period and (b) deposits into the Major Maintenance Account during such period.
Operating Cash Available for Debt Service for any period, (a) the sum of all Project Revenues received by the Obligors during such period minus (b) O&M Costs paid by the Obligors.
Examples of Operating Cash Available for Debt Service in a sentence
For the avoidance of doubt, cash contributed by Parent to the Borrower and deposited into the Revenue Account for the purpose of effecting an Equity Cure pursuant to Section 6.16 shall be deemed Operating Cash Available for Debt Service for the purposes of calculating the Debt Service Coverage Ratio as of the applicable measurement date.
More Definitions of Operating Cash Available for Debt Service
Operating Cash Available for Debt Service means, for any period, Project Revenues during such period plus, without duplication, the Prepaid Expense Amount allowed to be withdrawn from the Revenue Account with respect to such period minus O&M Costs during such period.
Operating Cash Available for Debt Service means, for any Test Period, Project Revenues received during such Test Period minus OpCo O&M Costs paid during such Test Period minus O&M Costs paid for such Test Period.
Operating Cash Available for Debt Service means, for any Measurement Period, (a) all Revenues during such period minus (b) the sum computed, without duplication, of all Operating & Maintenance Expenses paid pursuant to Section 3.2(c)(i) of the Depositary Agreement during such period; provided that (i) Operating Cash Available for Debt Service for the Fiscal Quarter that ended on December 31, 2014 shall be deemed to be $16,238,352, (ii) Operating Cash Available for Debt Service for the Fiscal Quarter that ended on March 31, 2015 shall be deemed to be $9,568,734, and (iii) Operating Cash Available for Debt Service for the Fiscal Quarter that ended on June 30, 2015 shall be deemed to be $8,847,512.
Operating Cash Available for Debt Service means for any period the sum of Project Revenues for such period, less amounts payable for such period pursuant to Section 4.2(c)(first) of the Depositary Agreement; provided that, for the avoidance of doubt, the proceeds of any Loans and LC Loans and Loss Proceeds shall not be considered Operating Cash Available for Debt Service.
Operating Cash Available for Debt Service means, for any calendar quarter (i) all payments from the sale of electricity (including energy and capacity) generated or distributed by the Facility, net payments receivable by Seller under interest rate hedging agreements, proceeds of business interruption insurance, and investment income on amounts in reserve accounts (but only to the extent not retained in such reserve accounts), minus (ii) (A) all operation and maintenance costs which shall not include (1) major maintenance costs paid from the major maintenance reserve account, (2) emission offset costs paid from the emission offset reserve account, (3) depreciation, (4) payments for repair or restoration of the Facility made from insurance proceeds and other amounts in the loss proceeds account, (5) the subordinated portion of the fee payable to the Facility operator, (6) any subordinated debt amounts, (7) distributions of any kind to Seller and (8) capital expenditures other than those included in and approved as part of Seller's annual operating budget, and (B) deposits into the major maintenance reserve account, the emissions offsets reserve account and the expense accrual subaccount established under the Financing Documents, all as more particularly described in the Financing Documents.
Operating Cash Available for Debt Service means, for any applicable period, cash that is distributable to the Borrower from each of the Project Companies and to the Class B Member from the Yaphank Project Holdco pursuant to the Yaphank Project Holdco LLC Agreement.
Operating Cash Available for Debt Service means, for any Reference Period, the difference of (i) all income and cash revenues received by the Borrower during such period, including all distributions and other payments of any nature made to the Borrower from its Subsidiaries and all other income, revenue or other amounts, however earned or received by the Borrower during such period (other than (a) the proceeds of the Loans and (b) any proceeds of insurance, condemnation award or other compensation in respect of any Casualty Event) for such period, minus (ii) all operating expenses of the Borrower for such period.