Operating Cash Flow. As used in this Agreement, “Operating Cash Flow” shall mean and be defined, for any fiscal period, as all cash receipts of the Partnership from whatever source (but excluding Capital Cash Flow and excluding the proceeds of any Capital Contributions to the Partnership) during such period in question in excess of all items of Partnership expense (other than non-cash expenses such as depreciation) and other cash needs of the Partnership, including, without limitation, amounts paid by the Partnership as principal on debts and advances, during such period, capital expenditures and any reserves (as determined by the Managing General Partner) established or increased during such period. Operating Cash Flow shall be distributed to or for the benefit of the Partners of record as of the applicable record date not less frequently than quarterly, and shall be allocated among the Partners as follows:
Operating Cash Flow. With respect to any Person (or any asset of any Person) for any period, for the four (4) most recently completed consecutive fiscal quarters of such Person an amount equal to the sum of (a) the Net Income of such Person (or attributable to such asset) for such period (excluding from Net Income any base rents from tenants leasing 10,000 square feet or more (1) that are subject to any bankruptcy proceeding and that have not affirmed or assumed their respective lease or other occupancy agreement or (2) as to which a payment default has occurred under the applicable Lease for sixty (60) days or more beyond any applicable grace and cure period) plus (b) depreciation and amortization, interest expense, and any extraordinary or nonrecurring losses deducted in calculating such Net Income, minus (c) any extraordinary or nonrecurring gains included in calculating such Net Income, minus (d) the Capital Expenditure Reserve Amount, minus (e) to the extent not already deducted in calculating Net Income, a management fee of 3% of minimum rents attributable to any Real Estate of such Person , all as determined in accordance with GAAP, minus (f) any lease termination payments not received in the ordinary course of business. Payments from Borrower or its Affiliates under leases shall be excluded from Operating Cash Flow.
Operating Cash Flow. As described in Section 9.2(a).
Operating Cash Flow. For any period of determination, the Net Operating Income from an Unencumbered Pool Asset, annualized.
Operating Cash Flow. As described in Section 9.2(a). Operating Member. Crescent, subject to CNL’s right to terminate Crescent’s authority as Operating Member in accordance with Section 6.7.
Operating Cash Flow. Except as provided elsewhere in this Agreement, Operating Cash Flow of the Partnership shall be distributed to the Partners monthly, so long as the General Partner determines it is available for distribution, in the following order of priority:
Operating Cash Flow. With respect to any period, the amount by which the gross cash receipts, other than Capital Contributions, in such period exceed the sum of the following (to the extent not paid from Capital Proceeds): (a) all principal and interest payments on any indebtedness of the Company or any Subsidiary, and all other sums paid to such lenders in such period; (b) all cash expenditures (including expenditures for capital improvements) made in such period incident to the operation of the Company or any Subsidiary business; and (c) working capital and other reserves for operation of the Company business Approved by HSRE.
Operating Cash Flow. Operating Cash Flow of at least (i) One Million Five Hundred Thousand Dollars ($1,500,000.00) for the quarter ending December 31, 2007, (ii) Five Hundred Thousand Dollars ($500,000.00) for the quarter ending Xxxxx 00, 0000, (xxx) One Million Five Hundred Thousand Dollars ($1,500,000.00) for the quarter ending June 30, 2008, and (iv) Two Million Dollars ($2,000,000.00) for the quarter ending September 30, 2008 and as of the last day of each quarter thereafter.” and inserting in lieu thereof the following:
Operating Cash Flow. The Agent shall have received a certificate of a ------------------- Responsible Officer of the Borrower stating that the consolidated Operating Cash Flow of the Borrower and its Subsidiaries for the twelve months ended on January 31, 2000 was not less than $7,200,000, including calculations with respect thereto in the form set forth in paragraph 2 of the Covenant Compliance Certificate.
Operating Cash Flow. Net income (Loss) of the Borrowers excluding extraordinary gains or losses Add: Depreciation Amortization and other non-cash charges Interest and fee expenses paid or accrued Total federal and state income tax expenses accrued regardless of whether paid during such period Management fees and other fees paid to subordinated creditors Add/Less: Gain or loss on the sale of property, plant or Equipment Subtotal Less: Cash Capital Expenditures made during such period of the Borrowers All taxes paid or required to be paid during such period and all non-cash income of the Borrowers Total Operating Cash Flow
