Cash Flow Requirements Clause Samples

Cash Flow Requirements. Notwithstanding Section 2.2 above, the Company shall not be required to make a payment of principal due under this Note if the Amicus Division of the Company has not generated Annual Cash Flow at least equal to the Amicus Cash Flow for the period ended on the last day of the month preceding the month in which the payment is due. In each such case, the Maturity Date shall be extended for an additional three-month period until the Note has been paid in full.

Cash Flow Requirements. Notwithstanding Section 2.2 above, the Company shall not be required to make a payment due under this Note if the G&G Division of the Company has not generated Annual Cash Flow at least equal to the G & G Cash Flow for the period ended on the last day of the month preceding the month in which the payment is due. In each such case, the Maturity Date shall be extended for an additional three-month period until the Note has been paid in full. This Section 2.3 shall not apply if (i) a Termination Without Cause or a Termination for Good Reason (as such terms are defined in the Employment Agreement of even date herewith between the Company and ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇) has occurred and Annual Cash Flow for the twelve-month period immediately preceding the date of termination was at least equal to the G & G Cash Flow or (ii) if the Parent assumes this Note in accordance with Section 3.3 hereof.

Cash Flow Requirements. Maintain a positive cash flow at the end of each fiscal half.

Cash Flow Requirements. Notwithstanding Section 2.2 above, the Company shall not be required to make a quarterly payment of principal due under this Note if Block Court Reporting, Inc. has not generated Annual Cash Flow at least equal to the Block Cash Flow for the quarter ended on the last day of the month preceding the month in which the payment is due. In each such case, (i) the quarterly interest payment shall be deferred until the first regularly scheduled quarterly payment date which is not excused pursuant to the preceding sentence, at which time all accrued but unpaid interest shall become due and payable, and (ii) the Maturity Date shall be extended for an additional three- month period, at which time the Note shall be paid in full. This Section 2.3 shall not apply if a Termination Without Cause or Termination for Good Reason (as such terms are defined in the Employment Agreement of even date herewith between Block Court Reporting, Inc. and ▇▇▇▇▇▇ ▇. Block) has occurred, or such Employment Agreement has expired, and Annual Cash Flow for the quarter immediately preceding the date of termination or expiration was at least equal to the Block Cash Flow.

Cash Flow Requirements is hereby deleted in its entirety and replaced by the following:

Cash Flow Requirements. Prepare predictions of program cash flow requirements for use by the District’s financial advisor and budget director.

Cash Flow Requirements. The cash flow requirements covenant contained in the "Affirmative Covenants" section of the Loan Agreement is deleted in its entirety and replaced by the following: Cash Flow Requirements. Maintain Cash Flow at not less than the following level: Debt Service Coverage (DSC) ratio of greater than or equal to 3.50 to 1.00. DSC ratio is defined as earnings before interest, taxes, depreciation, amortization, and all other noncash expenses divided by current portion long-term debt plus interest plus dividends. DSC ratio will be calculated on a rolling four-quarter basis. Additionally, for calculation of this ratio, the $27,925,000 loss from the write-off of capitalized R&D expenses will be excluded through September of 1999.

Cash Flow Requirements. RAC acknowledges that it has been informed by Seller that the anticipated cash flow requirements in the ordinary course of the Business in which it is currently conducted should range from $35,000 to $50,000 for up to the next 60 days.