Positive Cash Flow. [RESERVED].”
Positive Cash Flow. Attached hereto as Exhibit E is a letter (the "Positive Cash Flow Letter") from Balcor to Borrower establishing the terms and conditions pursuant to which the Positive Cash Flow shall be paid to Balcor. Borrower hereby agrees to comply with those terms of the Positive Cash Flow Letter applicable to the Borrower. The terms of the Positive Cash Flow Letter applicable to the period following the Closing Date shall survive the Closing and the delivery of the assignment of the Loan Documents.
Positive Cash Flow. The Companies, on a consolidated basis, shall maintain Cash Flow in an amount greater than $0, to be determined for compliance reporting purposes as of the last day of each fiscal quarter of the Companies for the four fiscal quarters then ended.
Positive Cash Flow. 46 9.6 Non-Hotel/Motel Loans......................................................................... 46 9.7 Minimum Asset Coverage Ratio.................................................................. 46
Positive Cash Flow. The term "Positive Cash Flow" as used in this Agreement shall mean the gross cash receipts generated from the operation of the business of the Partnership from all sources, including, without limitation, all proceeds obtained from the sale of all or any part of the assets or property of the Partnership as well as the proceeds from all refinancing of mortgages or replacements of existing mortgages encumbering the property of the Partnership, available to the Partnership after (i) the payment or accrual for payment of all current operating expenditures in connection therewith, including, without limitation, payments of interest and principal on loans, payments of other charges pursuant to any mortgages encumbering the property of the Partnership, and after (ii) making provisions for the reasonable working capital requirements of the Partnership and investments and reinvestments appropriate to enable the Partnership to carry out its purposes but (iii) disregarding in determining Positive Cash Flow depreciation, amortization and other noncash items. The General Partners' determination with respect to provisions for reasonable working capital requirements and appropriate investments and reinvestments of the Partnership shall be conclusive.
Positive Cash Flow. If Purchaser at any time does not have positive cash flow basis, Purchaser may withhold payments of the Purchase Price in an amount equal to the deficit in cash flow until such time as Purchaser has positive cash flow; provided, the maximum dollar amount which may be withheld by Purchaser hereunder shall be $ 150,000.00. By way of example, if Purchaser owes Master Vendor $500,000, and has sold and collected $510,000 but has paid expenses (or has expenses then immediately payable) of $20,000, Purchaser will be deemed to have negative cash flow and will pay $490,000 to the Master Vendor and defer the difference of $10,000 until Purchaser ahs sufficient positive cash flow. Purchaser and Seller shall jointly reconcile cash flow on a weekly basis.
Positive Cash Flow. Maintain at all times Positive Cash Flow for each fiscal quarter commencing with the fiscal quarter ended June 30, 2019. The Borrower shall establish an operating plan before January 31, 2019 that results in Positive Cash Flow on a quarterly basis commencing with the fiscal quarter ended June 30, 2019, which operating plan shall be in form and substance satisfactory to the Collateral Agent.
Positive Cash Flow. The Borrower shall cause MCM Capital Group to have a positive consolidated cash flow for each fiscal quarter of MCM Capital Group, commencing with the fiscal quarter of MCM Capital Group ending on December 31, 2000. As used in this SECTION 6.13, the term "cash flow" means, with respect to the applicable period of determination, total cash collections, less direct cash collection expenses, and less all other cash operating costs, including cash general and administrative overhead expenses.
Positive Cash Flow. The cash flow of Presxxx calculated as of the last day of each quarter for the four-quarter period ending on such last day, commencing December 31, 1994, shall be positive, before land acquisition costs, land improvement and land development costs, interest, and all loan fees and other costs payable pursuant to this Agreement and that certain Fourth Amended and Restated Loan Agreement dated as of March 25, 1994 between Presxxx, xx borrower, and certain lenders, including Foothill Capital Corporation as both a lender and agent.
Positive Cash Flow. All rental income and other income generated by the Property minus industry standard operating expenses, including a $3,000 per month accrual for property taxes, for apartments less industry standard operating reserves.
