Index

Accor hotel operator

Accounting and Auditing Organization for Islamic Financial Institutions

Accounting considerations:

corporations

partnerships

project debt and long-term purchase obligations

undivided joint interests

Adl

AES China Generating Company

Agency cost:

defined

of free cash flow

reducing

Agency theory

Allocation of profits and losses for Indiantown Cogeneration Project

Amortization expense

Annual coverage tests

Annual issuance of rated project bonds

Appropriateness of project financing

Asset-based financial engineering, project financing as

Assets:

call options on

capital

credit derived from inherent value of

physical, and Islamic finance

reference

Asset substitution

Asymmetric information cost, reducing

Attendance estimates for Euro Disneyland Project

Banks:

European, and Euro Disneyland Project

large projects and

lead arrangers

as sources of funds

Base case financial plan:

economic viability and

for Indiantown Cogeneration Project

for Tribasa Toll Road Project

Bechtel Enterprises

Bechtel Generating Company

Bechtel Power Corporation

Benefits of project financing

Beta

Bev-Pak Inc.

Binomial lattice

Biomass projects

Blockage events

Bond issue lead managing underwriters

Bonds:

convertible

default risk for

Bonneville Power Administration

Borrowing capacity:

assuming full drawdown immediately prior to completion

assuming periodic drawdowns

estimating

example of

Bridge loan

Buffer subsidiary

Build-operate-transfer model

Build-transfer-operate model

Buy-build-operate model

Buy-sell arrangement

Call option:

on asset

defined

undeveloped oil field as

warrant

Canadian Arctic Gas Pipeline

Capital-asset-pricing model

Capital assets

Capital markets, local

Capital structure:

choice of

importance of

Capital subscription agreement

Carried ownership interest

Case studies. See Euro Disneyland Project; Eurotunnel Project; Indiantown Cogeneration Project; Tribasa Toll Road Project

Cash deficiency agreement

Cash flow. See also Cash flow projections; Discounted cash flow analysis

free cash flow

allocation of, for Tribasa Toll Road Project

net operating

nonoperating

timing of

Cash flow profile, expected

Cash flow projections:

capital cost

contingency for cost overruns

for Euro Disneyland Project

example of

overview of

ownership arrangements

project economics

total cost estimation

Caulkins Indiantown Citrus Company

Channel Tunnel Group Ltd.-France Manche S.A. (CTG-FM)

Chevron Phillips Chemical Company

Chicago Board of Trade

The Chicago Mercantile Exchange (CME)

Chile. See also La Confluencia Hydroelectric Power Project

energy industry in

foreign direct investment in energy in

legal incentives for foreign investment in renewable energy in

legal requirements for international project finance transactions in

Churchill Falls Power Project

Claim dilution

Clawback agreement

Clearinghouse

Club Mediteranée

Coal and ash waste transportation agreement for Indiantown Cogeneration Project

Coal purchase agreement for Indiantown Cogeneration Project

Cogeneration. See also Cogeneration Project example; Indiantown Cogeneration Project

defined

PURPA and

Cogeneration Project example:

cash flow projections

expected rates of return

legal structure

overview of

ownership arrangements

project economics

risk assessment

security arrangements

sensitivity analysis

total cost of

Collateral and Sharia-compliant financial transactions

Colonial Pipeline Company

Cominco Ltd.

Commercial bank loans

Commercial completion

Committed investment fund

Communication problems

Completion:

of Indiantown Cogeneration Project

security arrangements covering

Completion agreement, comparative terms of

Completion insurance

Completion risk:

described

in foreign infrastructure projects

Complexity of project financing

Comprehensive credit facility

Concessions:

for infrastructure projects

length of

Constant dollars

Construction contracts:

for Eurotunnel Project

for Indiantown Cogeneration Project

for La Confluencia Hydroelectric Power Project

length of

Construction cost estimates

Construction financing:

bank loan facility

direct loans by sponsors

syndication risk

Construction risk for Tribasa Toll Road Project

Contingent amortization schedule

Contingent claims analysis

Contracts. See also Construction contracts; Security arrangements

credit derivative

debt

derivative

Contracts

forward and futures

for Indiantown Cogeneration Project

interest rate cap

length of

need for

offtake

purchase and sale

to resolve other agency conflicts

set-of-contracts view of firm

take-if-offered

take-or-pay

Contractual amortization schedule

Control benefits

Conventional direct financing. See Direct financing, project financing compared to

Conventional project

Conversion price/ratio

Convertible securities

Corporate debt, incidence of default

Corporate finance tools

Corporate financing vehicle

Corporate governance issues for Euro Disneyland Project

Corporate organization

Corporate use of hedging

Corporation:

accounting considerations

overview of

structuring project as

tax considerations

COSO Funding Corporation

Coso Geothermal project

Cost accounting

Costain Coal Inc.

Cost company

Cost of capital, determining

Cost of debt, estimating

Cost of equity, estimating

Cost of funds, lowering

Cost of resolving financial distress, reducing

Cost-of-service contract

Cost overrun risk and Eurotunnel Project

Costs:

agency

asymmetric information, reducing

currency profile of revenues and

legal, reducing

operating, estimating

regulatory, reducing

of resolving financial distress, reducing

signaling, reducing

sunk

total, estimating

transaction

Covered call

Credit analysis for Tribasa Toll Road Project

Credit default swaps

Credit derivative contract

Credit-event-put trust

Credit insurance

Credit risk

Credit sensitivity and international capital market

Credit support, indirect

Creditworthiness

CSX Transportation Inc., 361

CTG-FM (Channel Tunnel Group Ltd.-France Manche S.A.)

Currency availability, impact of project on

Currency considerations and international capital market

Currency derivatives:

forwards and futures

options

swaps

Currency profile of revenues and costs

Currency risk:

in foreign infrastructure projects

overview of

Currency swaps:

described

example of

Islamic

Current dollars

Dabhol Power Project

Debt:

exposure of host government to obligation to repay

nonrecourse and limited recourse

off-balance-sheet treatment of

Debt capacity:

evaluating

of sponsors, expansion of

Debt contracts:

negotiation of

structuring of

Debt/equity ratio, maximum feasible

Debt financing for Eurotunnel Project

Debt-like Islamic financial instruments

Debt maturities, length of

Debt service, security arrangements covering

Debt service coverage ratio

Debt service reserve fund for Tribasa Toll Road Project

Default, factors in

Default puts

Default risk for bonds

Deferred-interest-rate swap agreement

Deferred-start interest-rate swaps

Depletion expense

Depreciation

Derivative contract. See also Currency derivatives

Islamic

types of

Devaluation of currency, risk of

Devon silver mines

Direct federal agency loans and insurance

Direct financing, project financing compared to

Direct security interest in project facilities

Discounted cash flow analysis:

comparison of IRR and NPV analyses

cost of capital estimation

hurdle rate

incremental after-tax cash flows

internal rate of return analysis

Discounted cash flow

net present value analysis

overview of

real-options analysis compared to

role of

Discount rate and Euro Disneyland Project

Dividend distribution limitations for Tribasa Toll Road Project

Dividend policy choice

Dividend projections for Euro Disneyland Project

Dividends, intercorporate

Dollars, constant versus current

Downgrade, factors in

Drawdowns:

borrowing capacity assuming full drawdown immediately prior to completion

borrowing capacity assuming periodic

timing of

Dual-bodied transnational hybrid ownership structure

Dual debt amortization schedule for Tribasa Toll Road Project

Economic rent, capturing

Economic risk:

of Eurotunnel Project

in foreign infrastructure projects

overview of

Economic uncertainty in oil field project

Economic viability of project

Economies of scale, achieving

EDSA (Euro Disney S.A.)

EDSCA (Euro Disneyland S.C.A.)

EDSNC (Euro Disneyland S.N.C.)

Efficient market, defined

Energy Research and Development Association

Enron Corporation. See also Dabhol Power Project

Enron Global Power & Pipelines L.L.C.

Environmental risk

Equator Principles

Equipment, sources of supply for

Equity, as source of funds

Equity accounting

Equity at risk

Equity commitments for Indiantown Cogeneration Project

Equity contribution agreement for Indiantown Cogeneration Project

Equity financing for Eurotunnel Project

Equity investors:

Euro Disneyland Project

Eurotunnel Project

Equity kicker

Equity-like Islamic financial instruments

Equity loan agreement for Indiantown Cogeneration Project

Escrow fund

Euro Disneyland Project:

corporate governance issues

described

financial projections

financing

interests of participants in

master agreement with French government

operating results

ownership structure

subsequent developments

valuation

Euro Disneyland S.C.A. (EDSCA)

Euro Disneyland S.N.C. (EDSNC)

Euro Disney S.A. (EDSA)

European call option

Eurotunnel Project:

construction

debt financing

economic risk

equity financing

financing

historical background

overview of

ownership structure

price wars

projected financial results

sensitivity analysis

subsequent developments

system components

Event-risk puts

Exercise value

Eximbank (U.S. Export-Import Bank)

Expected economic return to host government

Expected rates of return

Export credit financing

External funds, requirement for

FASB Interpretation No. 46 (FIN 46 (R)), “Consolidation of Variable Interest Entities,”

Final completion

Finance law firms

Financial advisors

Financial engineering:

corporate finance tools

project financing as

Financial modeling:

cash flow projections

constant versus current dollars

example of

overview of

ownership arrangements

preparation of projected financial statements

project economics

Financial projections for Euro Disneyland Project

Financial risk:

adjusting for

of Euro Disneyland Project

overview of

Financial risk management:

credit default swaps

forwards and futures

hedging

hedging foreign exchange risk

hedging with options

interest-rate swaps

options

overview of

for Tribasa Toll Road Project

Financial statements, projected

Financial support agreement

Fixed charge coverage ratio

Fixed-rate debt market:

life insurance companies

market comparison

other financial institutions

overview of

pension funds

Rule 144A quasi-public market

Fixed-rate-floating-rate swap

Flexibility to use internally generated funds, preserving

Florida Power & Light Company

Force majeure risk

Foreign exchange option, Islamic

Foreign exchange risk, hedging

Forward contract:

currency

described

futures contract compared to

hedging foreign exchange risk with

hedging with

Forward discount

Forward premium

Foster Wheeler

Fox Islands Wind Project

Free cash flow:

reallocating

release of

French government and Euro Disneyland Project:

considerations and motivation

master agreement

Fundraising

Funds. See also Funds for large projects; Sources of funds

external, requirement for

precommitment of

Funds for large projects:

bond default risk

financial institutions and law firms involved with

sources of

Futures contract:

currency

described

hedging with

interest-rate

Futures hedge

Futures market, growth of

Gas pipelines

General Electric Company

Geographic region:

bank lending to large projects by

bond financing by

distribution of large projects by

rated project debt issuance by

Geothermal energy

Gharar (unnecessary risk) principle

Global project bank facility lead arrangers

Global project bond issue lead managing underwriters

Global project lead finance law firms

Global project lead financial advisors

Gold loan

Government. See also Host government; Public-private partnerships

French, and Euro Disneyland Project

as source of funds

Grupo Tribasa, S.A. de C.V.

Gulf Cooperation Council

Hamersley Iron Ore Project

Hard currency availability, impact of project on

Hedge ratio

Hedging:

credit risk

foreign exchange risk

with forwards and futures

interest rate risk

to manage financial risk

with options

overview of

Hell-or-high-water contract

Hibernia Oil Field Partners

Hibernia Oil Field Project

Historical perspective on project financing

Host government. See also Public-private partnerships

avoidance of undesirable precedents

contribution of project to economic development of

expected economic return to

exposure to obligation to repay project debt

impact of project on availability of hard currency

issues for

Hurdle rate:

cost of capital

cost of debt

cost of equity

financial risk adjustment

overview of

weighted average cost of capital

Hybrid security

Hydropower projects

IBRD (International Bank for Reconstruction and Development)

IFC. See International Finance Corporation (IFC)

Ijara (lease) transactions

Illiquidity premium

Implied volatility

Incidence of default

Incorporation, separate, advantages of. See also Corporation

Incremental after-tax cash flows:

analysis example

categories

example of

net initial investment outlay

net operating cash flow

net salvage value

nonoperating cash flow

overview of

tax considerations

Independent project

Indiantown Cogeneration Project:

Cogeneration Facility

corporate financing vehicle of

described

financing

Indiantown Cogeneration

interest-rate swap example

leftover steam sold by

partnership and sponsors of

principal contracts

projected operating results

project management for

purchasers

steam generator and auxiliary equipment

technology

Indirect credit support

Industry sector:

bank lending to large projects by

bond financing by

distribution of large projects by

rated project debt issuance by

Informational asymmetry cost, reducing

Infrastructure:

financing alternatives for

project financing for

risk considerations in foreign projects

Initial capitalization table

Initial leverage

Initial public offering for Euro Disneyland Project

Innovations in project financing

Insurance:

security arrangements and

for Tribasa Toll Road Project

Insurance companies:

in New York, legal investment requirements for

as sources of funds

Inter-American Development Bank

Interest, charging of, and religion

Interest coverage ratio

Interested parties

Interest-rate cap

Interest-rate collar

Interest-rate floor

Interest-rate futures contract

Interest rate risk

Interest-rate swap:

deferred-interest-rate swap

example of

hedging with

for Indiantown Cogeneration Project

overview of

value added by

Internal rate of return (IRR) analysis:

NPV analysis compared to

overview of

Internal Revenue Service (IRS):

corporations and

partnerships and

undivided joint interests and

International Bank for Reconstruction and Development (IBRD)

International capital market, as source of funds

International commercial banks

International Finance Corporation (IFC):

La Confluencia Hydroelectric Power Project and

Performance Standards on Social and Environmental Sustainability

as source of funds

International standards for environmentally and socially responsible investing:

effects of

Equator Principles

OECD Guidelines for Multinational Enterprises

overview of

of project lenders

International Swaps and Derivatives Association (ISDA)

In-the-money option

Intrinsic value

Investment incentives of host government

Investors in international capital market

IRR (internal rate of return) analysis:

NPV analysis compared to

overview of

IRS. See Internal Revenue Service (IRS)

ISDA/IIFM Tahawwut Master Agreement

Islamic finance. See also Islamic financial instruments; Sharia; Sharia-compliant financial transactions

future of

overview of

philosophical differences within

project financing and

religious and legal basis for

Sharia-compliant assets

Islamic financial instruments:

debt-like

derivatives

equity-like

example of

overview of

Saudi Chevron Petrochemical Project example

structuring Sharia-compliant

Istisna (commissioned manufacture) transactions

Jahl (unfair advantage) principle

Kaneb Pipe Line Partners

Kilroot Power Project

La Confluencia Hydroelectric Power Project:

described

operating risk

project agreements

project financing

regulatory and political risk

responsible investing and

significance of

sponsors

Large projects:

geographical distribution of

industry sector distribution of

initial capital structure

length of contracts

overview of

Large projects

real-options analysis for

size distribution of

sources of funds for

usefulness in studying financing of

Law firms

Lead arrangers, 66, 247

Lease-develop-operate model

Legal cost, reducing

Legal lending limit

Legal structure. See Structuring of project

Legislative provisions and public-private partnerships

Leverage:

for Euro Disneyland Project

for Eurotunnel Project

initial

measurement of

Life insurance companies:

in New York, legal investment requirements for

as sources of funds

Limited liability company:

overview of

structuring project as

Limited partnership equity, expected rate of return to

Limited recourse debt

Linear regression

Liquefied natural gas projects

Loan guarantees, government

Loans:

by banks

direct, by federal agencies

direct, by sponsors

gold

production payment

repayment parameters

swaps compared to

syndication process

Local sources of capital

Long-term debt market

Long-term financing:

equity kickers

overview of

private placements

Lornex Mining Project

Management compensation

Management discretion

Management of project, capability of

Management services agreement for Indiantown Cogeneration Project

Managing project risk. See Financial risk management

Managing underwriters

MARAD (U.S. Maritime Administration)

Margin requirements

Marhoun

Marked to market

Market risk premium

Markets. See also Fixed-rate debt market

efficient, defined

futures, growth of

international capital

local capital

long-term debt

private placement

for swaps

Masir (gambling or speculation) principle

Master limited partnership

Materials for project, availability of

Maturity choice and international capital market

Mechanical completion

Mexico, toll roads in. See also Tribasa Toll Road Project

Minimum payment obligation, footnote disclosure of

Modaraba (limited partnership) structure

Morabaha (purchase and sale) transactions

Mosharaka (general partnership or joint venture) structure

Mozal aluminum smelter project

Multilateral Investment Guarantee Agency

Mutually exclusive projects

National Association of Insurance Commissioners private placement rating system

Natural resource project. See Oil field project example; Real-options analysis

Negotiation of debt contracts

Net initial investment outlay

Net operating cash flow

Net present value (NPV) analysis:

IRR analysis compared to

oil field project example

overview of

Net salvage value

New York Insurance Law

New Zealand Aluminum Smelters Limited

Nonoperating cash flow

Nonquantified items in capital investment projects

Nonrecourse debt

Nonsystematic risk

Notional principal amount

NPV analysis. See Net present value (NPV) analysis

NPV profile

Obligations Remboursables en Actions (ORAs)

OECD. See Organisation for Economic Co-operation and Development (OECD)

Off-balance-sheet treatment of debt

Offtake contracts:

La Confluencia Hydroelectric Power Project

length of

Oil field project example:

call option

option to abandon early

option to develop field

option to drill appraisal wells

option to drill exploration wells

overview of

present value of field ignoring abandonment

price volatility and reserve dispersion

reserve profile and quantity of reserves

sources of uncertainty

stages in development

steps in evaluation

timing option

Operating agreement:

for Indiantown Cogeneration Project

for Tribasa Toll Road Project

Operating cost estimates

Operating results:

for Euro Disneyland Project

projected, for Indiantown Cogeneration Project

Operating risk:

described

La Confluencia Hydroelectric Power Project

OPIC (Overseas Private Investment Corporation)

Options:

currency

hedging with

Islamic foreign exchange

overview of

ORAs (Obligations Remboursables en Actions)

Organisation for Economic Co-operation and Development (OECD):

Chile and

export credits and

Guidelines for Multinational Enterprises

Organizational form and project financing

Out-of-the-money option

Overseas Private Investment Corporation (OPIC)

Ownership arrangements:

Cogeneration Project example

Euro Disneyland Project

Eurotunnel Project

Pacific Hydro Pty Limited

Paiton Energy Project

Palm Power Corporation

Participants in Euro Disneyland Project, interests of

Partnership:

accounting considerations

corporate financing vehicle

Indiantown Cogeneration Project

master limited partnership

overview of

structuring project as

tax considerations

Pembroke Cracking Project

Pension funds, as sources of funds

Perpetual franchise model

PG&E Enterprises

Physical assets and Islamic finance

Pittsburgh Coal Seam Project

Planning stages, questions to ask in

Pledges from third parties

Political risk:

assessment of

in foreign infrastructure projects

La Confluencia Hydroelectric Power Project

Pooled equity vehicle

Power generation. See Cogeneration; Cogeneration Project example; Indiantown Cogeneration Project; Renewable energy projects

Power purchase agreement for Indiantown Cogeneration Project

Precedents, undesirable, avoidance of by host government

Precommitment of funds

Preferred stock, convertible

Price forecasts for Euro Disneyland Project

Price volatility

Private pension funds

Private placement

Private placement market

Production payment loan

Profitability, expected:

creditworthiness and

of Eurotunnel Project

Profit rate swap, Islamic

Project basis, defined

Projected returns to Disney for Euro Disneyland Project

Project evaluation. See also Financial modeling; Real-options analysis

debt capacity

expected rates of return

sensitivity analysis

Project financing. See also Project financing plan; Rationale for project financing

advantages of

appropriateness of

basic elements of

described

direct financing compared to

disadvantages of

for Euro Disneyland Project

for Eurotunnel Project

example of

as financial engineering

historical perspective on

for Indiantown Cogeneration Project

organizational form and

potential future applications of

requirements for

usefulness in studying

uses of

Project financing plan:

annual coverage tests

borrowing capacity assumptions

construction financing

estimating borrowing capacity

example of

general considerations

loan repayment parameters

long-term financing

objectives of

overview of

withholding tax considerations

Project risk management. See Financial risk management

Proportional consolidation

Public offerings for Indiantown Cogeneration Project:

first mortgage bonds

tax-exempt bonds

Public pension funds

Public-private partnerships:

financing structures

Hibernia Oil Field Project example

legislative provisions affecting

for transportation and infrastructure needs

Public Utility Regulatory Policy Act (PURPA)

Put-call arrangement

Put option:

default

defined

event-risk

Qualified institutional buyer

Quasi-public securities

Queensland Alumina Project

Rahn-adl collateral security structure

Railway companies and Eurotunnel Project

Rates of return:

expected, measuring

regulating

Rating changes

Ratings of project bonds

Rationale for project financing:

advantages of separate incorporation

countering underinvestment problem

more effective corporate organization and management compensation

more efficient structuring of debt contracts

need for contracts

overview of

prior study explanations

reallocating free cash flow

reducing asymmetric information and signaling costs

Raw material supply agreement

Raw material supply risk

REA (reduced economic activity) case for Tribasa Toll Road Project

Real estate and Euro Disneyland Project

Real-options analysis:

benefit of

discounted cash flow analysis compared to

future oil price modeling

net present value of project

option to abandon oil field early

overview of

present value of oil field

price volatility, reserve dispersion, and

reserve profile and quantity of reserves

timing option

value of option to develop field

value of option to drill appraisal wells

value of option to drill exploration wells

Reduced economic activity (REA) case for Tribasa Toll Road Project

Reference assets

Refinancing for Indiantown Cogeneration Project

Regulatory cost, reducing

Regulatory risk for La Confluencia Hydroelectric Power Project

Reinvestment rate assumptions

Renewable energy projects:

evaluating viability of

La Confluencia Hydroelectric Power Project

overview of

standards for

Requirements for project financing

Reserve Mining Project

Resolving agency conflicts

Resolving financial distress:

reducing cost of

study of corporate finance and

Restructuring:

of Euro Disneyland Project

of Eurotunnel Project

Revolving credit

Riba (unjust enrichment) principle

Rishwah (corruption) principle

Risk:

of bond default

cost overrun

credit

financial, adjusting for

in foreign infrastructure projects

hedging

interest rate

nonsystematic

regulatory

syndication

Risk assessment:

completion risk

currency risk

economic risk

environmental risk

example of

financial risk

force majeure risk

implications of

operating risk

overview of

political risk

raw material supply risk

technological risk

Risk management. See Financial risk management

Risk-neutral probability/risk-neutral world

Risk of large projects:

described

positive-NPV

Risk sharing, advantages of

Rule 144A of SEC

Salam (forward purchase) transactions

Salvage value

Saudi Chevron Petrochemical Project

Scudder Latin American Power Fund

Securities and Exchange Commission (SEC) Rule 144A

Security arrangements:

cogeneration project example

covering completion

covering debt service

Security arrangements

insurance

overview of

purchase and sale contracts

purpose of

raw material supply agreements

supplemental credit support

Securities Industry and Financial Markets Association (SIFMA)

Sensitivity analysis:

for Euro Disneyland Project

for Eurotunnel Project

for Indiantown Cogeneration Project

overview of

for Tribasa Toll Road Project

Set-of-contracts view of firm

S.G. Warburg investment bank

Shareholder value, enhancing

Sharia:

described

key principles of

Sharia-compliant financial transactions:

example of

Saudi Chevron Petrochemical Project example

scholars for

structuring

Signaling cost, reducing

Sithe/Independence Funding Corporation

Size of project and NPV profile

Social benefits of project to host government

Sohio and Trans Alaska Pipeline System Project

Solar energy

Sources of funds:

commercial bank loans

equity

fixed-rate debt market

governmental assistance

Indiantown Cogeneration Project

Inter-American Development Bank

international capital market

local sources

long-term debt market

overview of

pension funds

supplier credits

world bank loans

Sources of supply for equipment

Sovereign wealth funds, as sources of funds

Speculative development

Spin offs

Sponsor equity, expected rate of return to

Sponsors:

direct loans by

evaluation of proposed project by

expansion of debt capacity of

questions to ask in planning stages

Spot foreign exchange rate

Standard & Poor's:

private placement rating system

rating changes

ratings of project bonds

Standby letter of credit

Statkraft Norfund Power Investment AS

Steam purchase agreement for Indiantown Cogeneration Project

Step-up provisions

Stingray Pipeline Company

Strike price

Structuring. See also Restructuring; Structuring of project

debt contracts

equity investments

Structuring of project:

as corporation

example of

as limited liability company

overview of

as partnership

as undivided joint interest

Substantial completion

Sukuk (undivided ownership share) transactions

Sunk costs

Supplemental credit support

Supplier credits

Supply-or-pay contract

Swaps:

credit default

currency

deferred-interest-rate

deferred-start interest-rate

interest-rate

Islamic currency

Islamic profit rate

Islamic total return

loans compared to

market for

Syndication risk

Take-if-offered contract

Take-or-pay contract

TAPS (Trans Alaska Pipeline System) Project

Tax arrangements for Tribasa Toll Road Project

Tax considerations:

corporations

incremental after-tax cash flows

intercorporate dividends

partnerships

undivided joint interests

withholding taxes

Tax revenues to host government

Technical feasibility of project

Technological risk:

overview of

for Tribasa Toll Road Project

Temporary privatization structure

Tenaska Power Project

Term loan

Terms of bank loans

Third parties:

Islamic finance and

pledges by

Throughput agreement

TIFD III-Y, Inc., 353

Time schedule

Timing:

of cash flow

of drawdowns

Tolling agreement

Toll roads. See also Tribasa Toll Road Project

in California

in Mexico

Total cost, estimating

Total rated annual project debt outstanding

Total return swap, Islamic

Toyan Enterprises

Traffic report for Tribasa Toll Road Project

Transaction cost

Trans Alaska Pipeline System (TAPS) Project

Transmanche Link

Transparent project

Tribasa Toll Road Project:

allocation of cash flow

as buy-operate-transfer project

concessions

credit analysis for

described

financing

operating agreement

risk minimization features

Trust, credit-event-put

Trust structure for Tribasa Toll Road Project

Ultimate backstop

Underinvestment problem:

countering

mitigating

Underwriting agreement for Eurotunnel Project

Undivided joint interest:

accounting considerations

overview of

structuring project as

tax considerations

Uniform Partnership Act

Useful economic life of project, expected

Use-reimbursement model

U.S. Export-Import Bank (Eximbank)

U.S. Generating Company

U.S. Maritime Administration (MARAD)

Valuation and Euro Disneyland Project

Value:

of convertible bonds

exercise

intrinsic

net salvage

salvage

shareholder, enhancing

Value added by interest-rate swaps

Value capture

Viability of project, analysis of:

conclusions

creditworthiness

economic viability

overview of

renewable energy projects

technical feasibility

Vindicators of bank loans

Walt Disney Company. See also Euro Disneyland Project

Warrant

Weighted average annual debt service coverage

Weighted average annual interest coverage

Weighted average cost of capital (WACC)

Wind power

Withholding taxes

Working capital facility for Indiantown Cogeneration Project

World Bank Group

Wraparound addition