Viability Gap Fund definition

Viability Gap Fund means the funds from the Government which are made available to the private party to cover revenue shortfalls through grants, subsidies or guarantees;
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Viability Gap Fund means the fund established by the Government for purposes of compensating, on the recommendation of the Committee, the private party to a PPP agreement for any revenue shortfalls, through grants, subsidies or guarantees.
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Viability Gap Fund or “VGF” means a fund managed by the Federal Ministry of Finance for the purpose of funding Viability Gaps in PPP projects.
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Examples of Viability Gap Fund in a sentence

  • The specific project activities under Component 2 sub- component 2.2 (Spatial development with the establishment of a Viability Gap Fund (VGF) are not known at the time of project preparation and therefore will require the preparation of an Environmental and Social Management Framework (ESMF).

  • Structure and market the projects in such a manner so that various forms of aid, grant, Viability Gap Fund etc.

  • It should be noted that this follows current ECC approved PPP policy which specifies that support may be provided in a number of ways including through the MOF Viability Gap Fund or PSDP.

  • Notwithstanding the foregoing, if the Government elects to maintain the user fees at levels below levels that would ensure financial viability as described herein, then it shall compensate the private party for the difference through the Viability Gap Fund.

  • The main parts of the Industrial Development Sector Plan not covered by the program are the direct development of new IEs (US$405 million, including US$119 million from the Viability Gap Fund) and the development of CETPs within these new estates (US$85 million).

  • The MOF PPP Unit has management responsibility for overseeing three key, catalytic funds, the PPP Technical Assistance Fund, Viability Gap Fund and Bangladesh Infrastructure Finance Fund.The PPP Unit works on behalf of the Government to monitor budget implications of upcoming PPP projects and manage any contingent liability exposure that the government may deem appropriate to support PPP project financing.

  • The CAPEX is funded under this contract is through a Viability Gap Fund (VGF) from Tender Inviting Authority.

  • Notwithstanding the foregoing, if the Government elects to maintain the user fees at levels below that would ensure financial viability as described herein, then it shall compensate the Concessionaire for the difference through the Viability Gap Fund.

  • The design of the Viability Gap Fund also emphasizes a private sector-led identification process to select priority infrastructure investments to ensure high and immediate returns and a clear private sector response.

  • This sub-component will support spatial development with the establishment of a Viability Gap Fund (VGF) to be managed by a Special Purpose Vehicle (SPV), which will invest in off-site and on-site infrastructure in those zones identified as priority in subcomponent 2.1. Until this VGF is properly set-up, this activity will be implemented either through the hiring of a specialized firm to run the fund on behalf of the Government, or through the hiring of specialized and dedicated staff for the PCU.


More Definitions of Viability Gap Fund

Viability Gap Fund means the funds from the Government which are made available to the private party to cover revenue and human resource/ capacity/ materials shortfalls where the users or beneficiaries are not required to pay for socio -economic benefits through grants, subsidies or guarantees;
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Viability Gap Fund means the fund established under section 11.”
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Viability Gap Fund shall have the meaning as defined in Clause 14.2.2
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Viability Gap Fund means the funds or other assets of the Government which are made available to the private party to support the scheme including funds for coveri ng revenue shortfalls by means of grants, subsidies, guarantees, or any other mode approved by the Authority;
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Viability Gap Fund means the funds [or any other assets]12 from the Government which are made available to the private party [to support the Project including funds for covering revenue shortfalls through grants, subsidies, guarantees, or any other mode approved by the Board under section 22;]13
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Viability Gap Fund means the Viability Gap Fund established under section 22 of this Act. CHAPTER-II INSTITUTIONAL ARRANGEMENTS 3. Public Private Partnership Committee.---(1) There shall be a Committee to be known as the Public Private Partnership Committee, under the Chairmanship of Chief Minister, Khyber Pakhtunkhwa, with a mandate to promote, facilitate, coordinate, approve and oversee Public Private Partnership Projects. (2) The Committee shall consist of such number of other members as may be prescribed. (3) The Committee shall regulate its procedure in such a manner as may be prescribed.
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Related to Viability Gap Fund

  • Extreme performance coating means coatings designed for harsh exposure or extreme environmental conditions.

  • Infrastructure fund means the renewable fuel infrastructure fund created in section 159A.16.

  • Continuous parameter monitoring system (CPMS means all of the equipment necessary to meet the data acquisition and availability requirements of the Prevention of Significant Deterioration program, to monitor process and control device operational parameters (for example, control device secondary voltages and electric currents) and other information (for example, gas flow rate, O2 or CO2 concentrations), and to record average operational parameter value(s) on a continuous basis.

  • Predictive emissions monitoring system or "PEMS" means all of the equipment necessary to monitor process and control device operational parameters (for example, control device secondary voltages and electric currents) and other information (for example, gas flow rate, O2 or CO2 concentrations), and calculate and record the mass emissions rate (for example, pounds per hour) on a continuous basis.

  • Continuous emissions monitoring system (CEMS means all of the equipment that may be required to meet the data acquisition and availability requirements of this section, to sample, condition (if applicable), analyze, and provide a record of emissions on a continuous basis.

  • Continuous parameter monitoring system or "CPMS" means all of the equipment necessary to meet the data acquisition and availability requirements of this article, to monitor process and control device operational parameters (for example, control device secondary voltages and electric currents) and other information (for example, gas flow rate, O2 or CO2 concentrations), and to record average operational parameter value(s) on a continuous basis.

  • Investment Fund has the same meaning as in National Instrument 81-106 Investment Fund Continuous Disclosure;

  • Stock Fund means that portion of the Trust Fund consisting of Stock.

  • Student growth objective means an academic goal that teachers and designated supervisors set for groups of students.

  • Performance Monitoring System has the meaning given to it in paragraph 1.1.2 in Part B of Schedule 6 (Service Levels, Service Credits and Performance Monitoring);

  • Provident Fund means any fund (other than a pension fund, benefit fund or retirement annuity fund) which is approved by the Minister in respect of the year of assessment in question: Provided that the Minister may approve a fund subject to such limitations or conditions as he or she may determine, and shall not approve a fund in respect of any year of assessment unless he or she is in respect of that year of assessment satisfied -

  • Growth means the rating a school will receive based on longitudinally matched student data comparing current performance to the previous year’s for the purpose of determining student academic growth.

  • Behavioral health services means mental health services as

  • Program fund means the program fund established under section 12D.4.

  • Student Growth means the change in Student Achievement data for an individual student between two points in time. Growth may also include other measures that are rigorous and comparable across classrooms.

  • Continuous emissions monitoring system or “CEMS” means all of the equipment that may be required to meet the data acquisition and availability requirements of this chapter, to sample, to condition (if applicable), to analyze, and to provide a record of emissions on a continuous basis.

  • economic resources means assets of every kind, whether tangible or intangible, movable or immovable, which are not funds, but may be used to obtain funds, goods or services;

  • Limited Demand Resource Reliability Target for the PJM Region or an LDA, shall mean the maximum amount of Limited Demand Resources determined by PJM to be consistent with the maintenance of reliability, stated in Unforced Capacity that shall be used to calculate the Minimum Extended Summer Demand Resource Requirement for Delivery Years through May 31, 2017 and the Limited Resource Constraint for the 2017/2018 and 2018/2019 Delivery Years for the PJM Region or such LDA. As more fully set forth in the PJM Manuals, PJM calculates the Limited Demand Resource Reliability Target by first: i) testing the effects of the ten- interruption requirement by comparing possible loads on peak days under a range of weather conditions (from the daily load forecast distributions for the Delivery Year in question) against possible generation capacity on such days under a range of conditions (using the cumulative capacity distributions employed in the Installed Reserve Margin study for the PJM Region and in the Capacity Emergency Transfer Objective study for the relevant LDAs for such Delivery Year) and, by varying the assumed amounts of DR that is committed and displaces committed generation, determines the DR penetration level at which there is a ninety percent probability that DR will not be called (based on the applicable operating reserve margin for the PJM Region and for the relevant LDAs) more than ten times over those peak days; ii) testing the six-hour duration requirement by calculating the MW difference between the highest hourly unrestricted peak load and seventh highest hourly unrestricted peak load on certain high peak load days (e.g., the annual peak, loads above the weather normalized peak, or days where load management was called) in recent years, then dividing those loads by the forecast peak for those years and averaging the result; and (iii) (for the 2016/2017 and 2017/2018 Delivery Years) testing the effects of the six-hour duration requirement by comparing possible hourly loads on peak days under a range of weather conditions (from the daily load forecast distributions for the Delivery Year in question) against possible generation capacity on such days under a range of conditions (using a Monte Carlo model of hourly capacity levels that is consistent with the capacity model employed in the Installed Reserve Margin study for the PJM Region and in the Capacity Emergency Transfer Objective study for the relevant LDAs for such Delivery Year) and, by varying the assumed amounts of DR that is committed and displaces committed generation, determines the DR penetration level at which there is a ninety percent probability that DR will not be called (based on the applicable operating reserve margin for the PJM Region and for the relevant LDAs) for more than six hours over any one or more of the tested peak days. Second, PJM adopts the lowest result from these three tests as the Limited Demand Resource Reliability Target. The Limited Demand Resource Reliability Target shall be expressed as a percentage of the forecasted peak load of the PJM Region or such LDA and is converted to Unforced Capacity by multiplying [the reliability target percentage] times [the Forecast Pool Requirement] times [the DR Factor] times [the forecasted peak load of the PJM Region or such LDA, reduced by the amount of load served under the FRR Alternative].

  • Pharmacy benefits management means the administration or management of prescription drug

  • Continuous emission monitoring system or "CEMS" means the equipment required under section 11 of this rule to sample, analyze, measure, and provide, by means of readings recorded at least once every fifteen (15) minutes, using an automated data acquisition and handling system (DAHS), a permanent record of nitrogen oxides emissions, stack gas volumetric flow rate, stack gas moisture content, and oxygen or carbon dioxide concentration, as applicable, in a manner consistent with 40 CFR 75*. The following systems are the principal types of continuous emission monitoring systems required under section 11 of this rule:

  • Backsiphonage means the flow of water or other liquids, mixtures or substances into the potable water system from any source other than its intended source, caused by the reduction of pressure in the potable water system.

  • Company Matching Contributions means the Company contributions described in Section 3.4.

  • Common Unit Economic Balance has the meaning set forth in Section 5.01(g) hereof.

  • Fund Source means any direct or indirect sum payable to the Contractor by the County pursuant to any lawful obligation.

  • Endowment fund means an institutional fund or part thereof that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. The term does not include assets that an institution designates as an endowment fund for its own use.

  • Continuous monitoring system means the total equipment, required under the emission monitoring section in applicable subsections used to sample and condition (if applicable), to analyze, and to provide a permanent record of emissions or process parameters.