Adjusted Cash Flow. Subsection 8.16(e) of the Credit Agreement is hereby amended by deleting it in its entirety and substituting the following therefor:
Adjusted Cash Flow. Maintain for each Fiscal Quarter end set forth below an Adjusted Cash Flow of not less than (a) negative $2,250,000 for the five months ended December 31, 1998, (b) negative $3,500,000 for the three months ended March 31, 1999, (c) negative $5,250,000 for the six months ended June 30, 1999, (d) negative $3,000,000 for the nine months ended September 30, 1999, and (e) $750,000 for the twelve months ended December 31, 1999 and on the last day of each Fiscal Quarter thereafter calculated on a rolling four-quarter basis.
Adjusted Cash Flow. The Company and its consolidated subsidiaries ------------------ shall have Adjusted Cash Flow, on a consolidated basis, for the fiscal year ending in December 2001 of at least $1.00. As used herein, the term (x) Cash Flow shall mean as to any Person, with respect to any period of determination, the net income before taxes of such Person for such period, calculated in accordance with GAAP, consistently applied, plus depreciation and amortization expenses of such Person for such period (to the extent the same are deducted from net revenues in determining Net Income for such period) minus the aggregate amount of all payments of principal made during such year with respect to indebtedness scheduled to mature in more than one year from the date of calculation, minus the aggregate amount of all dividends and other similar distributions made in cash to the holders of the equity interests of such Person during such period, minus the aggregate amount of non-financed Capital Expenditures made by such Person during such period, and (y) Adjusted Cash Flow shall mean, as to the Company and its consolidated subsidiaries, with respect to the fiscal year ended on December 31, 2001, Cash Flow on a consolidated basis for such period minus one-time, non-recurring charges, severance charges and other cash charges and costs related to the Company's Comprehensive Restructuring and Cost Reduction Program, as set forth in that certain informational package dated September 17, 2001, prepared by the Company and delivered by it to the Lender on or about such date.
Adjusted Cash Flow. (i) In the event that Holdings shall have received any Cash Flow after the Closing Date, Company shall immediately prepay the Loans in an aggregate amount equal to one hundred percent (100%) of such Cash Flow, less any Quarterly Expenses, and (ii) in the event that Company shall have received any Cash Flow after the Closing Date, Company shall immediately prepay the Loans in an aggregate amount equal to one hundred percent (100%) of such Cash Flow.
Adjusted Cash Flow. Borrower shall not permit Adjusted Cash Flow, ------------------ as defined below, for any period listed in Column A below to be less than the amount listed across from such period in Column B below:
Column A Column B -------- ------------- June 1, 1997, through June 30, 1997 ($1,500,000) July 1, 1997, through July 31, 1997 ($1,000,000) August 1, 1997, through August 31, 1997 ($900,000) September 1, 1997, through September 30, ($500,000) 1997 October 1, 1997, though December 31, $ 0 1997 January 1, 1998, through March 31, 1998 $1,000,000 April 1, 1998, through June 30, 1998 $1,000,000 Column A Column B -------- ------------- July 1, 1998, through September 31, 1998 $1,000,000 "Adjusted Cash Flow", for purposes of this Section 6.4(a), means for any period total consolidated revenues of Borrower and its subsidiaries for such period minus the sum of (i) all operating expenses (excluding depreciation and amortization) incurred in such period, (ii) all capital expenditures made in such period, (iii) all payments of principal made on any indebtedness (including capital leases and financing leases) in such period, (iv) all cash interest expense paid in such period and (v) all taxes paid or accrued in such period, in each case as determined by generally accepted accounting principles, consistently applied.
Adjusted Cash Flow. (a) Consolidated Net Income of the Borrower and its Consolidated Subsidiaries, plus ______________
(b) Depreciation and amortization (to the extent deducted in determining Consolidated Net Income), plus ______________
(c) Taxes (to the extent deducted in determining Consolidated Net Income), plus ______________
(d) Interest Expense (to the extent deducted in determining Consolidated Net Income), plus ______________
(e) Operating Lease Rentals (to the extent deducted in determining Consolidated Net Income), plus ______________
(f) Extraordinary and unusual items (to the extent deducted in determining Consolidated Net Income), plus ______________
(g) Loss attributable to equity in Affiliates (to the extent deducted in determining Consolidated Net Income), equals ______________ ADJUSTED CASH FLOW $
Adjusted Cash Flow. The earnings of the Surviving Entity after payment of all expenses associated with the Surviving Entity before tax as adjusted as set forth on Schedule 1.2 attached hereto, calculated in accordance with GAAP and Schedule 1.2 of this Agreement.
Adjusted Cash Flow. The Company and its consolidated subsidiaries shall have Adjusted Cash Flow, on a consolidated basis, for the fiscal year ended on December 31, 2001 of at least $1.00.
Adjusted Cash Flow. The term "Adjusted Cash Flow" as defined in the Fourth Restated Loan Agreement is amended and restated in its entirety to read as follows:
Adjusted Cash Flow. To maintain on a consolidated basis for each fiscal year Adjusted Cash Flow not less than negative Three Million Dollars ($-3,000,000).
