Actual Cash Flow definition
Actual Cash Flow is Cash Flow as certified to the Board of Directors of the Company by the Chief Financial Officer of the Company for purposes of the Plan and this Agreement.
Actual Cash Flow means, in relation to any period, the excess (if any) of:
Actual Cash Flow means, for any period, the Borrowers’ actual cash flow, as reflected in the Cash Flow Report for such period.
Examples of Actual Cash Flow in a sentence
The Borrowers’ cumulative Actual Cash Flow at the end of any week shall not vary negatively from the Borrowers’ cumulative Projected Cash Flow at the end of such week by an amount that exceeds the greater of (i) 10% of the cumulative Projected Cash Flow at the end of such week, or (ii) $200,000.
The “cumulative” Actual Cash Flow and Projected Cash Flow of the Borrowers shall be computed as provided in Section 6.1(n)(4) of this Agreement.
The Consultant shall, among other things, assist the Borrower in preparing the weekly Cash Flow Forecast, the weekly Actual Cash Flow Analysis and formulating a business plan addressing, among other things, issues identified by the Lender in its sole discretion.
In addition to the foregoing, such Actual Cash Flow Analysis shall include, without limitation, a reconciliation and explanation for any variance between the Cash Flow Forecast and the Actual Cash Flow Analysis for such weekly period.
If there is not sufficient Actual Cash Flow for such final fiscal quarter to permit a sufficient increase, decrease or reallocation as provided in the preceding sentence, the distributions for subsequent quarters shall also be subject to such increase, decrease or reallocation.
More Definitions of Actual Cash Flow
Actual Cash Flow means an amount equal to the Alon USA Group's consolidated net income for the fiscal year, increased by the amount of amortization, depreciation and other non-cash charges included in determining consolidated net income, and reduced by the greater of (i) the actual capital expenditures of the Alon USA Group for the fiscal year or (ii) the Planned Capital Expenditures for that year as set forth in the following table: Planned Capital Expenditures Year Ending December 31 (in millions) ----------------------- ------------- 2000 $ 1.0 (last 5 months of year) 2001 12.0 2002 16.2 2003 16.5 2004 3.2 2005 5.2 2006 15.2 2007 5.2 (first 7 months of year) Any amount of the anticipated $17.4 million payment to Fina with respect to the acquisition of the Southeast Business Unit that is recorded as an expense will also be added back to consolidated net income to determine the Actual Cash Flow. Return of Start-Up Capital. The willingness of Alon Israel Oil Company, Ltd. and other investors (the "Start-Up Investors") to provide the start-up capital of the Alon USA Group is premised on the objective of returning the Corporation's start-up capital that exceeds $10 million (the "Target Return Capital") to the Start-Up Investors as rapidly as is possible given the Corporation's continuing capital investment requirements and restrictions imposed by the Alon USA Group's debt covenants. The Target Return Capital provided by the Start-Up Investors may be provided as Common Stock, Preferred Stock or as loans subordinated to the debt provided by the senior secured lender to the Corporation and its Affiliates. The Target Return Capital consists of a total of [$______] of capital stock and [$______] of subordinated debt. In order to provide an incentive to management to operate the Corporation in a manner that is consistent with the objective of returning the Target Return Capital to the Start-Up Investors, the Option as to 807.8 shares of Common Stock will vest (the "Target Return Capital Amount") on an accelerated basis on the last day of the year in which occurs any of the following: (a) the date on which the Target Return Capital is repaid in full (with pro-rata acceleration of vesting to occur to the extent a portion of the Start-Up Capital is returned in any year) or (b) with respect to the period beginning August 1, 2006, and ending December 31, 2006, 168.3 shares; with respect to the calendar year 2007, 403.9 shares; and with respect to the period beginning January 1, 2008, a...
Actual Cash Flow means for any period the Company's Consolidated EBITDA for such period, less the sum of (i) any Capital Expenditures of the Company and its Subsidiaries for such period, (ii) all principal payments made during such period in respect of the Senior Credit Facilities and any other Senior Indebtedness, (iii) [insert]]
Actual Cash Flow. Cash Flow, determined without regard to the additions contained in clauses (ii) and (iii) in the definition of Cash Flow in this Section 2.1.
Actual Cash Flow means the actual amount of Company Earnings for a fiscal year, as determined by the Company's outside auditors in accordance with generally accepted accounting principles.
Actual Cash Flow means, for any period, the Borrowers’ actual cash flow, as reflected in the Cash Flow Report for such
Actual Cash Flow means at any given time the actual Cash Flow for the Facilities determined on a trailing three (3) month basis. 6
Actual Cash Flow means, with respect to the Company and its Subsidiaries on a consolidated basis, (A) for the three quarter period ending on June 30, 2002 and (B) for the four quarter period ending on September 30, 2002, an amount equal to the sum of (i) EBITDA, plus/minus (ii) changes in working capital, plus (iii) cash from asset sales, minus (iv) capital expenditures, minus (v) Interest Expense, minus (vi) scheduled payments of principal (including payments under capital leases) on all Indebtedness, minus (vii) mandatory prepayments of any term Indebtedness or, to the extent accompanied by a permanent commitment reduction, any revolving Indebtedness, minus (viii) voluntary prepayments of Facility A Loans or, to the extent accompanied by a permanent commitment reduction, the Facility B Loans and (ix) without duplication, plus/minus any other changes in long-term assets and liabilities; provided, however, that Actual Cash Flow shall be computed for these purposes without giving effect to extraordinary items.