Project Balance definition

Project Balance means the outstanding balance of the Total Cost of Project less payments for Energy Savings and other payments by Canada which are intended to be applied to the Project Balance. It must comprise two components, one of which must consist of funds expended by the ESCo prior to Milestone Securitisation and the other must consist of those funds provided by the Assignee by means of Milestone Securitisation to the ESCo.
Sample 1Sample 2Sample 3
Project Balance means the Total Project Costs incurred less the total payments made by the City to the Energy Management Firm.
Sample 1

Examples of Project Balance in a sentence

  • Should this occurrence result from the ESCo's work or actions, Canada must notify the ESCo of the costs associated with this occurrence and may charge such costs to the ESCo. These costs must not be charged to the Project Balance.

  • In this scenario there will be a lump sum buydown payment equal to 50% of the remaining Project Balance (as per the note above) paid to the ESCo. Assume that the Financier Floating Interest Rate noted in Appendix I, page 5 of the Proposal has increased by 1.5% since bid closing.

  • Note: The value of the remaining Project Balance occurring 36 months after Commencement Date is the basis for calculating payment.

  • The ESCo must pay for the costs of such remedies and these costs are eligible to be included in the Project Balance.

  • In this scenario there will be a lump sum payment equal to 50% of the remaining Project Balance (as per the note above) paid to the ESCo. Assume that on the Commencement Date, the Project Balance was transferred to fixed rate financing at the rate noted in Appendix I, page 5 of the Proposal.

  • Capital Projects Fund:, Continued F-1c Schedule of Project Revenues, Expenditures, Project Balance and Project Status - Budgetary Basis (Improvements to Swimming River Elementary School).

  • At the discretion of Canada the cost of this review may be added to the Project Balance or paid by Department.

  • Below are the values that would be received for OUTBOUND transactions:▪ An ‘ A’ for all originating transactions records.▪ A ‘B’ for all payment wrap transaction records.▪ A ‘G’ for automated payment cancellation & ACH Return transaction records.▪ A ‘H’ for automated SOL payment cancellation transaction records▪ A ‘K’ for the monthly GL Balance for Enterprise Reporting▪ A ‘L’ for the monthly Project Balance for Enterprise Reporting • The ‘BATCH-TYPE’ field has the following conditions: 1.

  • Any additional costs incurred by the ESCo or arising from events listed in GC32.2, will be added to the Project Balance, and the ESCo may apply to Canada for an extension of the Guaranteed Payback Period for a period of time necessary to compensate for such additional costs or the lost Energy Savings or may apply for a temporary Base Year adjustment in an amount sufficient to compensate for such costs or the loss of the Energy Savings.

  • Supplier and subcontractor invoices will be added to the Project Balance upon the due date of their invoice to the ESCo.

Related to Project Balance

  • Asset Balance means, for any Payment Date, the Pool Balance as of the beginning of the current Collection Period.

  • Target Balance has the meaning set forth in Section 6.1I(1) hereof.

  • Current Balance in relation to a Loan at any relevant date, means the aggregate principal balance of the Loan at such date (but avoiding double counting) including the following:

  • Debit Balance means, as of any date, the dollar amount, if any, representing the accrued aggregate Annual Charge not deducted from the Liquid Balance.

  • Account Balance means, with respect to a Participant, an entry on the records of the Employer equal to the sum of (i) the Deferral Account balance, (ii) the Company Contribution Account balance, and (iii) the Company Restoration Matching Account balance. The Account Balance shall be a bookkeeping entry only and shall be utilized solely as a device for the measurement and determination of the amounts to be paid to a Participant, or his or her designated Beneficiary, pursuant to this Plan.

  • Fund balance is the value of the Accumulation Fund, determined pursuant to Section 1.4.

  • Annual Balanced Budget means that, in each Funding Year of the term of this Agreement, the total revenues of the HSP are greater than or equal to the total expenses, from all sources, of the HSP;

  • Vapor balance system means a combination of pipes or hoses which create a closed system between the vapor spaces of an unloading tank and a receiving tank such that vapors displaced from the receiving tank are transferred to the tank being unloaded.

  • Unobligated balance means the portion of the funds authorized by the Federal awarding agency that has not been obligated by the recipient and is determined by deducting the cumu- lative obligations from the cumulative funds authorized.

  • Initial Contribution means that contribution each Participant has made or agrees to make pursuant to Section 5.1.

  • Adjusted Capital Account Balance means, with respect to each Partner, the balance in such Partner’s Capital Account adjusted (i) by taking into account the adjustments, allocations and distributions described in Treasury Regulations Sections 1.704-1(b)(2)(ii)(c)(4), (5) and (6); and (ii) by adding to such balance such Partner’s share of Partnership Minimum Gain and Partner Nonrecourse Debt Minimum Gain, determined pursuant to Treasury Regulations Sections 1.704-2(g) and 1.704-2(i)(5), and any amounts such Partner is obligated to restore pursuant to any provision of this Agreement or by applicable Law. The foregoing definition of Adjusted Capital Account Balance is intended to comply with the provisions of Treasury Regulations Section 1.704-1(b)(2)(ii)(d) and shall be interpreted consistently therewith.

  • Cash Balance means, at any date of determination, the unencumbered and otherwise unrestricted cash and Cash Equivalents of the NCLC Group.