Project Life Cover Ratio definition

Project Life Cover Ratio means the EBITDA forecast (on an aggregate basis) for the life of the PPAs and any residual value of assets (including cash or cash equivalents) at the end of a relevant PPA period at period N present valued at the weighted average lifecycle cost of Senior Debt outstanding on the Relevant Calculation Date divided by the Senior Debt. The EBITDA forecast for the purpose of the Project Life Cover Ratio will be based on P-90 CUF as forecast in the most recent Relevant Independent Consultant Report.
Sample 1Sample 2Sample 3
Project Life Cover Ratio means the NPV of Cash Flow Available for Debt Service over five years discounted at 10% per annum divided by the amount outstanding under the Facility.
Sample 1Sample 2
Project Life Cover Ratio means, at any Calculation Date, the ratio of:
Sample 1Sample 2

Examples of Project Life Cover Ratio in a sentence

  • A.1 Debt Service Coverage Ratio (DSCR) 9 A.2 FFO to Net debt 9 A.3 Project Life Cover Ratio (PLCR).

  • Lock Up Hurdle on any date, on the Calculation Date preceding that date: 1 the Debt Service Cover Ratio is greater than 1.25:1; Project facility agreement page 29 1 Definitions and interpretation 2 the Loan Life Cover Ratio is greater than 1.50:1; and 3 the Project Life Cover Ratio is greater than 2.00:1.

  • The company that was funded breached its Project Life Cover Ratio covenant during the year, which has not yet been remedied.

  • Ratio 1 the Debt Service Cover Ratio; 2 the Loan Life Cover Ratio; 3 the Project Life Cover Ratio; 4 the Reserve Tail Ratio; or 5 the Gross Debt to EBITDA Ratio.

  • Concept Plan for Waterfowl Habitat Protection: Klamath Basin, Oregon and California.

  • The EBITDA forecast for the purpose of the Group Project Life Cover Ratio will be based on P-90 CUF as forecast in the most recent independent consultant report in respect of each Group Issuer.

  • Clause 29(6) enables regulations to make corresponding or similar arrangements that replicate those set out under new Part 4A of the 1996 Act in relation to individuals who are, or have been, employed or appointed by a person exercising functions of a public nature relating to policing or law enforcement.

  • Subject to SECTION 8.1.7, all determinations and calculations relating to the Project (including, to the extent involving projections, the determination or calculation, as the case may be, of Aggregate Discounted Projected Cashflow, Debt Service Cover Ratio, Loan Life Cover Ratio, Project Life Cover Ratio, Projected Available Cashflow, Reserve Debt Cover Ratio and/or Reserve Tail Cover Ratio) shall be made in accordance with the Base Case.

  • MacKenzieFollow this and additional works at: https://scholarship.law.umt.edu/mlr Part of the Law Commons Recommended CitationBruce A.

  • The investment company which issued the preference shares, with a carrying amount of R477 million, breached its Project Life Cover Ratio covenant during the year and has not yet remedied the breach.


More Definitions of Project Life Cover Ratio

Project Life Cover Ratio or “PLCR” has the meaning described in schedule 8;
Sample 1
Project Life Cover Ratio means, in respect of each Ratio Test Date, the ratio of (a) the Net Cash Flow discounted back to the relevant Ratio Test Date at the Discount Rate from the relevant date being 360 (three-hundred-and-sixty) Months from 1 November 1999, or if the Concession Period has been extended, to the end of such extended Concession Period before any amounts transferred to the Debt Service Reserve Account to (b) the Loan at the relevant Ratio Test Date or, as the case may be, forecast as likely to be outstanding under the Facilities;
Sample 1

Related to Project Life Cover Ratio

  • Consolidated Total Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Indebtedness on such date to (b) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date.

  • Consolidated Coverage Ratio means as of any date of determination, with respect to any Person, the ratio of (x) the aggregate amount of Consolidated EBITDA of such Person for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which financial statements are internally available to (y) Consolidated Interest Expense for such four fiscal quarters; provided, however, that:

  • Interest Coverage Ratio means, as of any date, the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for the Test Period as of such date.

  • Fixed Charge Coverage Ratio means with respect to any specified Person for any period, the ratio of the Consolidated Cash Flow of such Person for such period to the Fixed Charges of such Person for such period. In the event that the specified Person or any of its Restricted Subsidiaries incurs, assumes, guarantees, repays, repurchases, redeems, defeases or otherwise discharges any Indebtedness (other than ordinary working capital borrowings) or issues, repurchases or redeems preferred stock subsequent to the commencement of the period for which the Fixed Charge Coverage Ratio is being calculated and on or prior to the date on which the event for which the calculation of the Fixed Charge Coverage Ratio is made (the “Calculation Date”), then the Fixed Charge Coverage Ratio will be calculated giving pro forma effect to such incurrence, assumption, Guarantee, repayment, repurchase, redemption, defeasance or other discharge of Indebtedness, or such issuance, repurchase or redemption of preferred stock, and the use of the proceeds therefrom, as if the same had occurred at the beginning of the applicable four-quarter reference period. In addition, for purposes of calculating the Fixed Charge Coverage Ratio: