Financial Model means the financial model adopted by Senior Lenders, setting forth the capital and operating costs of the Project and revenues therefrom on the basis of which financial viability of the Project has been determined by the Senior Lenders, and includes a description of the assumptions and parameters used for making calculations and projections therein;
Base Case Financial Model means a financial model prepared by the Borrower forecasting the revenues and expenditures of the Project for time periods through the Final Maturity Date and based upon assumptions and methodology provided by the Borrower and acceptable to the TIFIA Lender as of the Effective Date, which model shall be provided to the TIFIA Lender as a fully functional Microsoft Excel – based financial model or such other format requested by the TIFIA Lender.
Financial Monitoring Report or “FMR” means each report prepared in accordance with Section 4.02 of this Agreement;
Qualified Financial Contract means a qualified financial contract as defined in 12 U.S.C. Section 1821(e)(8)(D).
Annual Financial Statement is defined in Section 10.1(a).
Projected PJM Market Revenues means a component of the Market Seller Offer Cap calculated in accordance with Tariff, Attachment DD, section 6. Proportional Multi-Driver Project: “Proportional Multi-Driver Project” shall have the same meaning provided in the Operating Agreement. Pseudo-Tie:
Most Recent Financial Statements has the meaning set forth in Section 4(g) below.
International Financial Reporting Standards means the accounting standards and interpretations adopted by the International Accounting Standards Board.
mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;
Proposal Due Date and Time means the date and time specified in the Request for Proposal as the deadline for submitting Proposals.
Parent Financial Statements has the meaning set forth in Section 4.6(a).
Year-End Financial Statements has the meaning specified in Section 4.5.
Financial Statement Date has the meaning set forth in Section 4.05 hereof.
Net Financial Debt ’ means “Gross Financial Debt” less “cash and cash equivalents”. This measure offers to the reader a global view of the Financial Debt without considering the payment terms and reduced by the effects of the available cash and cash equivalents to face these future payments.
Pro Forma Financial Statements shall have the meaning set forth in Section 5.5(b) hereof.
Business Plan means the information required to be supplied to the
Buyer Financial Statements has the meaning set forth in Section 4.7.
Purchaser Financial Statements shall have the meaning specified in Section 4.8.1.