Cash Flow from Operations. Cash flow from operations from the annual audited financial statements filed with the Securities and Exchange Commission. The cost of operations of the water treatment plant at Mount Exxxxx, interest income and income taxes paid will be added back to compute Cash Flow from Operations for purposes of this Performance Compensation Plan.
Cash Flow from Operations. If as of the last day of any Fiscal Quarter that ends on or after December 31, 2007, the Debt Service Coverage Ratio is less than 1.25:1, the Cash Flow Coverage Ratio as of such day shall be greater than or equal to 1.50:1; provided, however, that if such Cash Flow Coverage Ratio is less than 1.50:1, such shall not be deemed to be a breach of the covenant contained in this Section 8.7 if (a) such Cash Flow Coverage Ratio is at least 1.00:1 and (b) the Cash Flow Coverage Ratio as of the last day of each of the three (3) immediately preceding Fiscal Quarters ending on or after December 31, 2007 was at least 1.50:1; provided further, however, that if the Cash Flow Coverage Ratio as of the last day of a Fiscal Quarter ending on December 31, 2007, March 31, 2008, or June 30, 2008 is greater than 1.00:1 but less than 1.50:1 and the covenant contained in the preceding clause (b) is not satisfied, such shall not be a default hereunder unless the Cash Flow Coverage Ratio as of the last day of any of the other of the Fiscal Quarters ending on December 31, 2007, March 31, 2008, June 30, 2008, and September 30, 2008 also is less than 1.50:1.
Cash Flow from Operations. Commencing on September 30, 2008, as of the last day of each of the following Fiscal Quarters, the Cash Flow Coverage Ratio shall be greater than or equal to:
Cash Flow from Operations. ‘‘Cash Flow from Operations’’ means all cash available to the Company from its Ordinary Course of Business activities remaining after payment of current expenses, liabilities, debts or obligations of the Company (other than principal or interest on Member Loans).
Cash Flow from Operations. Subject to Section 4.3(e), Cash Flow from Operations shall be distributed to the Members in proportion to their Percentage Interests at the time of such distribution.
Cash Flow from Operations. Guarantor shall not permit its Net Cash Provided By Operating Activities, as reflected in its financial statements, whether audited or unaudited, reported from time to time with the U.S. Securities and Exchange Commission, to be negative for any fiscal year or for any two (2) successive calendar quarters; and
Cash Flow from Operations. All cash flows of the Companies derived from operations during the period from March 1, 1997 to the Closing Date shall remain in the Companies, in addition to, and not duplicative of, the working capital to remain in the Companies as of the Closing Date pursuant to Section 9.11.
Cash Flow from Operations. Subject to Article XIII (that is, other ------------------------- than in liquidation of a Partner's Interest in the Partnership as provided in Section 13.4(a)) and to Section 4.2, Cash Flow from Operations shall be applied or distributed on each Distribution Date as follows:
(a) until the Preferred Return has been reduced to zero (or funds are on deposit in the Escrow Account sufficient to reduce the Preferred Return to zero and the Distribution Condition will be satisfied for the Preferred Return Year):
(i) to New CTC 50%;
(ii) to Navy II Group 50%; provided, however, that all amounts distributable to New CTC pursuant to this Section 5.1(a) on a Distribution Date shall be deposited into the Escrow Account until (a) the Joint Ventures have deposited therein an amount, in the aggregate, equal to the Maximum Payment for the Preferred Return year in which the Distribution Date occurs, or (b) the Partnership has deposited therein an amount, in the aggregate, equal to the Excess Revenues for the Partnership's Project for the Preferred Return Year; and
(b) after the Preferred Return has been reduced to zero, in the manner provided in Section 5.1(a), without regard to the proviso in Section 5.1(a).
Cash Flow from Operations for any period of determination shall mean (i)the sum of net income, depreciation, amortization, other non-cash charges to net income, interest expense and income tax expense minus (ii) non-cash credits to net income, in each case of the Borrower and its Subsidiaries for such period determined and consolidated in accordance with GAAP.
Cash Flow from Operations. 1998 ($1,000,000) 1999 $4,500,000 2000 $8,500,000 2001 $14,500,000 2002 and $16,500,000 each fiscal year thereafter
