Cash Flow Test. The Parent will not permit for any period of twelve consecutive fiscal months of the Parent (determined as of the last day of each fiscal month of the Parent) EBITDA for such twelve fiscal month period to be less than Cash Requirements for such twelve fiscal month period.
Cash Flow Test. Permit the Cash Flow Test Ratio, -------------- applicable to each quarter of GSI independently (and not in relation to four consecutive quarters as had previously been the case) to be less than 1.00 at the quarter ending June 30, 1996; less than 1.40 at the quarter ending September 30, 1996, less than 1.50 at each quarter ending December 31, 1996 and March 31, 1997; thereafter, from the quarter ending June 30, 1997 through the Maturity Date, not permit the Cash Flow Ratio Test to be less than 1.50 at the end of any period of four consecutive fiscal quarters of GSI; provided however, that the ---------------- Cash Flow Ratio Test shall not be applied at all to GSI's quarter ending March 31, 1996."
Cash Flow Test. The “Cash Flow Test” shall be satisfied as of any applicable date of determination if the Company and its subsidiaries, on a consolidated basis, shall have generated cash flow from operations for the most recent rolling 12-month period for which financial statements are available, equal to or greater than 1.1 times the anticipated benchmarks for cash flow from operations for such period, as reflected in Exhibit A. Common Stock. Shall mean the common stock, par value $0.0001, of the Company and the stock of any other class into which such shares may hereafter be changed or reclassified.
Cash Flow Test. The ratio of CAFDS to Total Debt Service in respect of each Relevant Period (commencing with the Relevant Period ending on 30 June 2008) shall not be less than 1.00:1.00.
Cash Flow Test. The Cash Flow Test focuses on whether or not Duck Head should be able to repay its debts as they become absolute and mature (including the debts incurred in the Transaction). This test involves a two-step analysis of Duck Head's fiscal year 2000 to fiscal year 2004 financial projections: (i) examines the financial projections relative to a variety of factors including: historical performance, marketing plans and cost structure, and (ii) analyzes the sensitivity of the projections to changes in key operating variables. Over the past twelve months, Duck Head has made significant changes to its management team, restructured its operations, reduced certain costs and implemented certain marketing plans. As a result of the changes implemented by Duck Head, management's forecast for the business represents an improvement over Duck Head's financial performance over the past several years. Duck Head's financial performance for fiscal year 2000 reflects in part the changes implemented by Duck Head's management and represents an improvement over financial results for fiscal years 1998 and 1999. The sensitivity analysis of Duck Head's projections involved testing a number of underlying operating assumptions, including: revenue growth, operating margins and capital investment requirements. Duck Head's ability to meet its debt obligations was analyzed in the context of varying a number of the operating assumptions. Based on the sensitivity analysis conducted on Duck Head's financial forecast, Duck Head demonstrated an ability to meet its obligations as they came due under a range of financial forecast scenarios.
Cash Flow Test. 87 9.25 Cleanup......................................................... 87 9.26
Cash Flow Test. (i) If the cumulative EBITDA of the Company and --------------- its consolidated subsidiaries for any period commencing on April 1, 1996, and ending on a date on or prior to March 31, 1999, is equal to or greater than $129,250,000, and the Company has not previously made the Contingent Payment in cash or stock to Seller in accordance with the provisions hereof, then the Company shall pay to Seller the Contingent Payment in immediately available funds within 90 days after the end of such period; provided, however, that if on -------- ------- such payment date the Company is subject to a Prohibition, the Company may, to the extent the Company is thereby prohibited from paying the Contingent Payment in cash, make that portion of the Contingent Payment that it is prohibited from paying in cash in the form of shares of Common Stock (valued for this purpose at the Market Value thereof on the payment date); provided further, however, that -------- ------- ------- Seller shall have the right to elect to receive all or a portion of the Contingent Payment in the form of shares of Common Stock rather than cash pursuant to subparagraph (ii) below.
Cash Flow Test. 56 Section 6.15 ERISA Obligations....................................... 56
Cash Flow Test. Permit the Cash Flow Test Ratio to be -------------- less than 1.50 at the end of any period of four consecutive fiscal quarters of GSI.
Cash Flow Test. The term "
