Project CAFD definition

Project CAFD means, for any period, an amount equal (a) the amount of dividends paid in cash to Borrower by its Subsidiaries during such period to the extent not funded directly with the proceeds of an Investment by Borrower, plus (b) the amount of payments received in cash by Borrower or Holdings in repayment of good faith loans made by Borrower or Holdings to Borrower’s Subsidiaries, plus (c) the amount of payments received in cash by Borrower or Holdings arising out of the settlement of Hedge Agreements (less any cash losses incurred by Borrower or Holdings relating to the settlement of Hedge Agreements), plus (d) the amount of payments received in cash by Borrower or Holdings from other Investments (to the extent not funded directly with the proceeds of an Investment by Borrower or Holdings) and good faith Contractual Obligations permitted by this Agreement.
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Project CAFD means, for any period, an amount equal to (a) the amount of (i) dividends actually paid in cash to Borrower by its Subsidiaries (to the extent not funded directly with the proceeds of an Investment by the Partnership or Borrower) during such period, and (ii) without duplication, cash generated from the operations of any Restricted Subsidiary (whether domestic or foreign) that is permitted to be distributed and available for distribution to Borrower (and without counting any such cash actually received by Borrower in any subsequent period), net of all withholding taxes and other applicable taxes that would be payable (at then-applicable rates) if such amounts were distributed to Borrower, but only to the extent (A) such cash, if such cash had been actually distributed to Borrower, could have immediately thereafter been made as an Investment in the Restricted Subsidiary generating such cash in accordance with Section 6.6(k) and (B) not funded directly with the proceeds of an Investment by the Partnership or Borrower, plus (b) the amount of payments received in cash by Borrower in repayment of good faith loans made by Borrower to Borrower’s Subsidiaries, plus (c) the amount of payments received in cash by Borrower arising out of the settlement of Hedge Agreements (less any cash losses incurred by Borrower relating to the settlement of Hedge Agreements), plus (d) the amount of payments received in cash by Borrower from other Investments (to the extent not funded directly with the proceeds of an Investment by Borrower or the Partnership) and good faith Contractual Obligations permitted by this Agreement; provided that, notwithstanding the foregoing, Project CAFD shall exclude, with respect to such period, (i) such net cash proceeds received from the proceeds of any extraordinary receipts (including cash payments or proceeds received (x) from any Disposition by Borrower or any of its Subsidiaries, including the sale of any Non-Guarantor Subsidiary by Borrower or any Subsidiary, (y) under any casualty insurance policy in respect of a covered loss thereunder or (z) as a result of the taking of any assets of Borrower or any of its Subsidiaries by any Person pursuant to the power of eminent domain, condemnation or otherwise, or pursuant to a sale of any such assets to a purchaser with such power under threat of such a taking), (ii) any cash that is derived from (A) cash grants and similar items to Borrower and its Subsidiaries, (B) any incurrence of Indebtedness by ...
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Examples of Project CAFD in a sentence

  • Each Substitute Project may serve as a substitute for one or more Projects, provided that such Substitute Project has projected Project CAFD greater than or equal to the projected Project CAFD of the Projects that such substitute project is replacing.

Related to Project CAFD

  • Project Completion Schedule means the progressive Project Milestones set forth in Schedule-J for completion of the Project Highway on or before the Scheduled Completion Date;

  • Project Schedule means a document that, with respect to each Phase of the Project, identifies, coordinates and integrates the anticipated design and construction schedules, the Contracting Authority’s and Owner's responsibilities, government authority reviews and other activities as are necessary for the timely completion of the Work.

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • project completion period means the period of sixty (60) months commencing from and expiring on for the construction and obtaining of Temporary Occupation Permit or Permits for the whole of the Development as provided in clause 3.3;

  • Project Completion means completion of the Redevelopment in accordance with this Agreement to the state where the whole of the Morley Shopping Centre, as so redeveloped, is capable of occupation for its intended purpose;

  • Project Budget means the budget and project description included in the grant application. The Project Budget must succinctly describe all major elements of project work, the estimated cost of each, and clearly allocate requested grant funding and match contributions to each.

  • Subprojects means more than one such Subproject.

  • Project Water means water made available for delivery to the contractors by project conservation facilities and the transportation facilities included in the System.

  • Project Work means the work required to complete the Project.

  • Construction Budget means the fully-budgeted costs for the acquisition and construction of a given parcel of real property (including, without limitation, the cost of acquiring such parcel of real property, reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs) as reasonably determined by the Parent in good faith.

  • Development Project means a project for the development of land within a

  • Approved Project Budget means the most recent statement, approved by the FTA, of the costs of the Project, the maximum amount of Federal assistance for which the TJPA is currently eligible, the specific tasks (including specified contingencies) covered, and the estimated cost of each task.

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • Subproject means a development activity proposed by a Beneficiary under Part A.2 (d) of the Project and financed or to be financed through a Subproject Grant (as hereinafter defined) made out of the proceeds of the Development Credit;

  • The Project Plan means the document to be developed by the Supplier and approved by the Purchaser, pursuant to GCC Clause 19, based on the requirements of the Contract and the Preliminary Project Plan included in the Supplier’s bid. The “Agreed and Finalized Project Plan” is the version of the Project Plan approved by the Purchaser, in accordance with GCC Clause 19.2. Should the Project Plan conflict with the Contract in any way, the relevant provisions of the Contract, including any amendments, shall prevail.

  • Project Improvements means site improvements and facilities that are:

  • Project Plans mean the plans for the Project that are attached to this Agreement as Exhibit “B.”

  • Project Engineer means the surveyor or engineer employed by or private

  • Project area budget means a multiyear projection of annual or cumulative

  • Project Plan means the document to be developed by the Contractor and approved by Webel Technology Ltd., based on the requirements of the Contract and the Preliminary Project Plan included in the Contractor’s bid. For the sake of clarity, the Agreed and Finalized Project Plan” refers to the version of the Project Plan submitted by the contractor after receiving the letter of Award and the same approved by Webel Technology Ltd. The project plan may be changed/ modified during the course of the project. Should the Project Plan conflict with the provisions of the Contract in any way, the relevant provisions of the Contract, including any amendments, shall prevail.

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • Project Architect means the architect retained by Lessee to design and supervise construction of the Improvements.

  • Project Implementation Unit or “PIU” means the unit referred to in Section I.A.1 of Schedule 2 to this Agreement.

  • Solar PV Project means the solar Photo Voltaic Power project that uses sunlight for direct conversion into electricity through Photo Voltaic technology.

  • Generation Interconnection Feasibility Study means a study conducted by the Transmission Provider (in coordination with the affected Transmission Owner(s)) in accordance with Tariff, Part IV, section 36.2.

  • Project Scope means the description or activity of work to be accomplished on the Project.