Working Capital Allowance definition

Working Capital Allowance means funds acquired by the Solar Project in such amounts as shall be deemed reasonably necessary by the FMPA Board of Directors to provide for any working capital needs, including providing for the Solar Project’s ability to pay the Seller in the event of non-payment by one or more Project Participants. The initial Working Capital Allowance and the method of funding is described in “Attachment C” to this Power Sales Contract.

Working Capital Allowance. , in respect of a month, means an amount equal to 110 per cent of the facility operating costs for that month multiplied by two.

Working Capital Allowance means $2 million less the aggregate Applicable Working Capital Allowance taken into account for the calculation of Consolidated Cash Flow for all previous periods for which Consolidated Cash Flow is calculated for purposes of this Indenture.

Examples of Working Capital Allowance in a sentence

• The actual monthly working capital allowance costs shall be calculated by multiplying the actual gas costs times the Working Capital Allowance Percentage (WCA%) set forth in Part IV, Section 6.1, to the actual Direct Gas Costs allowable.

• WCA % = Percentage of gas costs equivalent to Working Capital Allowance associated with gas costs.

• SBdw = Demand revenues received from Firm Stand-By Sales Service customers in the Winter Season.WCA % = Percentage of gas costs equivalent to Working Capital Allowance associated with gas costs.

• The table below lists approved costs and amounts: VARIABLE DESCRIPTIONCURRENTLY APPROVED AMOUNTS MISC Miscellaneous Overhead Costs $580,455 PS Production and Storage Capacity Costs $476,106WCA% Working Capital Allowance Percentage 10.02 supply relatednet lag days / 365 days x WCCCR Where: WCCCR=Working Capital Carrying Charge Rate 6.2 COGC Formulas The COGC Formulas shall be computed on an annual basis for the Company’s three (3) groups of customer classes as shown in the table below.

• Entries to this account shall be determined as outlined in the Cost of Gas Clause.1163-1424Summer Season Gas Working Capital Allowance Reconciliation Adjustment for COGC: This account shall be used to record the cumulative difference between Summer Season gas working capital allowance revenues and Summer Season gas working capital allowance.

• Similarly, an average rate of 5.2% was calculated based on ECG’s proposed net and inventory days which was then used to obtain Working Capital Allowance (WCA).

• Allowance for Restoring Inventory to Normal Level ……………………… Allowance for Sick Leave/Vacation Payouts ……………………………… Working Capital Allowance …………………………………… B.

• The Commission’s calculation of its 13-month average CWIP is included in Appendix A.Cash Working Capital Allowance.

• Owing to this, large firms should borrow less due to their ability to issue informational sensitive securities.

• The actual monthly working capital allowance shall be calculated by multiplying the actual gas costs times the Working Capital Allowance Percentage (WCA%) set forth in Part IV, Section 6.1, to the actual Direct Gas Costs allowable.

More Definitions of Working Capital Allowance

Working Capital Allowance for a Year means an allowance which provides a return on certain working capital in that Year, at the rate equal to the Allowed Rate of Return on Equity, determined as follows: (i) in maintaining working capital, the Processor shall act reasonably with a view to optimizing the use of the Operating Line (rather than equity) so as to reduce the overall cost impact of working capital; (ii) subject to the recalculation at the end of each Year under subclause (iv), the amount of working capital for the Year shall be the amount of working capital reflected in the annual budget prepared by the Processor and arrived at reasonably, having regard for: (A) the timing of payments made by and to the Processor under the Processing Agreement; (B) the timing of payments made by the Processor for labour and to service providers and others in respect of the operation and maintenance of the Facility; (C) availability of funding from an Operating Line; (D) the requirement to retain a reasonable amount for contingencies (having regard to any contingencies funded as part of the Debt Financing); (iii) for purposes of calculating the Working Capital Allowance each Month during a Year, the amount of working capital as determined under subclause (ii) shall not include any of the following: (A) working capital funded from Debt Financing or an Operating Line; (B) working capital required as a result of Excluded Capital Costs; (C) working capital required to fund the costs of acquiring Feedstock directly in connection with the use of Excess Capacity (which costs shall be reasonably determined only at the end of each Year and reflected in the next Monthly Statement following the determination, and which determination shall have regard to the amount of such costs borne by the Processor, implicitly, as part of the determination under Section 12.5 of the Processing Agreement of the YTD Excess Capacity Amount by the consequences of including in the calculation of the YTD Net Profit Per Barrel the YTD Operating Component; and shall take into account the impact on the use of the Operating Line resulting from the Excess Capacity); (D) working capital required as a result of payment of a Benchmark Operating Costs Rebate under section 7 of this Schedule (and any similar rebate under the CNR Processing Agreement); and (E) working capital required to fund distributions by the Processor beyond the Annual Return on Equity, the Annual Return on Equity and the YTD Excess Capacity Amount under the Pro...

Working Capital Allowance has the meaning set forth in Section 2.06.

Working Capital Allowance means $2,000,000 less the aggregate Applicable Working Capital Allowance taken into account for the calculation of Consolidated Cash Flow for all previous periods for which Consolidated Cash Flow is calculated for purposes of the indenture.

Working Capital Allowance means the amount determined as such pursuant to section 6(e) of this Schedule.