Recalculation of Initial Historic Firm Flow Values and Ratios Sample Clauses

Recalculation of Initial Historic Firm Flow Values and Ratios. The Firm Point-to-Point Service and Designated Network Resource to customer load defined by the Historic Firm Flow calculation will be updated in the recalculation of Historic Firm Flow utilizing any new Designated Network Resources, updated customer To the extent a new transmission facility causes either a significant increase or a significant decrease in flow or change in limitation on a Reciprocal Coordinated Flowgate, the resulting change in allocation will be assigned to the Party responsible for the new facility using the procedures set forth in Appendix C. The initial Historic Firm Flow calculated values and resulting Allocation ratios will be recalculated as seasonal cases are produced. This recalculation will utilize the same firm point-to-point reservations that were used in the initial Historic Firm Flow calculation. The same firm point-to-point reservations are used so that Market-Based Operating Entities that have their firm point-to-point internalized, grant fewer internal firm service reservations, or have their original firm reservations end, because of their market operations, will retain at least the same level of firm point-to-point as in the initial Historic Firm Flow calculation. Therefore, the firm point-to-point component of the Historic Firm Flow will be frozen on the “Freeze Date” at the initially calculated level for both market and non-market entities. Any new Control Areas that are added to the Firm Flow calculation process for ▇▇▇▇, MISO, or another Operating Entity, will use firm point-to-point reservations from the initial Historic Firm Flow calculation date to establish their firm point-to-point component of the Historic Firm Flow. As the recalculation for Historic Firm Flow is made for each time period, the higher of allocation value will be retained between the initial Historic Firm Flow calculation and the recalculation (See Section 6.6, step 8.f). To the extent an Operating Entity has made commitments based on the higher of Allocation value, a recalculation does not reduce previously calculated Allocations.
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Related to Recalculation of Initial Historic Firm Flow Values and Ratios

  • Minimum Consolidated Net Worth Consolidated Net Worth will at no time be less than $550,000,000 plus 25% of the consolidated net income of the Borrower at the end of each fiscal quarter for each fiscal year commencing after the fiscal year ending December 31, 1994.

  • Minimum Consolidated EBITDA The Borrower will not permit Modified Consolidated EBITDA, for any Test Period ending at the end of any fiscal quarter of the Borrower set forth below, to be less than the amount set forth opposite such fiscal quarter: Fiscal Quarter Amount September 30, 1997 $36,000,000 December 31, 1997 $36,000,000 March 31, 1998 $36,000,000 June 30, 1998 $37,000,000 September 30, 1998 $37,000,000 December 31, 1998 $38,000,000 March 31, 1999 $38,000,000 June 30, 1999 $39,000,000 September 30, 1999 $40,000,000 December 31, 1999 $41,000,000 March 31, 2000 $41,000,000 June 30, 2000 $42,000,000 September 30, 2000 $43,000,000 December 31, 2000 $44,000,000 March 31, 2001 $44,000,000 June 30, 2001 $45,000,000 September 30, 2001 $46,000,000 December 31, 2001 $47,000,000 March 31, 2002 $47,000,000

  • Minimum Consolidated Fixed Charge Coverage Ratio The Consolidated Fixed Charge Coverage Ratio shall not be less than 1.50 to 1.00, determined based on information for the most recent fiscal quarter annualized.

  • Availability of Earnings Statements The Company shall make generally available to holders of its securities as soon as may be practicable but in no event later than the last day of the fifteenth (15th) full calendar month following the calendar quarter in which the most recent effective date occurs in accordance with Rule 158 of the Rules and Regulations, an earnings statement (which need not be audited but shall be in reasonable detail) for a period of twelve (12) months ended commencing after the effective date, and satisfying the provisions of Section 11(a) of the Act (including Rule 158 of the Rules and Regulations).

  • Maximum Consolidated Leverage Ratio The Consolidated Leverage Ratio at any time may not exceed 0.75 to 1.00; and