Actual Net Cash Flow definition

Actual Net Cash Flow means the actual amount of all Distributions of On-Going Revenue paid to the CADA Subsidiary Parties, which such amounts shall be paid directly from the CADA Subsidiary Parties to the Borrower.

Actual Net Cash Flow means the actual net cash flow of the Loan Parties as of the relevant date of determination which corresponds to the budgeted net cash flow of the Loan Parties during the relevant period of determination, as determined in a manner consistent with the Approved Budget.

Actual Net Cash Flow means the actual amount of all Revenues paid to and received in the Revenue Account for the benefit of the Borrower, net of expenses permitted under the CADA.

Examples of Actual Net Cash Flow in a sentence

• For purposes of calculating Actual Net Cash Flow, "operating expenses", "fixed expenses" and "fees" shall include all expenses paid in connection with the operation and management of 220 EXHIBIT A Page 3 the Properties, and will additionally include all accrued but unpaid expenses associated with real estate taxes and insurance.

• The term "Actual Net Cash Flow" when used herein shall mean, for the relevant calculation period, the aggregate gross revenues of the Properties minus the aggregate operating expenses, fixed expenses and fees attributable to the management and operation of the Properties.

• If the Actual Net Cash Flow fell short of the Plan Net Cash Flow so as to satisfy either of the conditions of Section 6.2(g), Licensee may notify Licensor that Licensee is exercising the Production Budget Option by the later of March 10 or ten (10) days after Licensor has received Licensee's audited financial statements for the previous year.

• For purposes of calculating Actual Net Cash Flow, "gross revenues" shall mean actual revenues received from hotel departments, including but not limited to room rental, food and beverage operations, telecommunications, health club, golf, tennis, business center activities, retail, parking and any other related activities.

• The adjustment set forth in this Section 10.1 shall override any adjustments elsewhere set forth in this Article X to the extent that it pertains to an item of income or expense that was accounted for in both the Net Cash Flow Forecast and the Actual Net Cash Flow Statement.

More Definitions of Actual Net Cash Flow

Actual Net Cash Flow has the meaning set forth in Section 6.2(g).

Actual Net Cash Flow means the actual net cash flow of the Loan Parties during the relevant period of determination, as determined in a manner consistent with the line items contained in the Approved Budget under the heading “Net Cash Flow” (or words of similar import).

Actual Net Cash Flow means the sum of (i) Actual Cash Receipts for the relevant Period of determination, minus (ii) the Actual Disbursement Amount for the relevant Period of determination.

Actual Net Cash Flow when used herein shall mean, for the relevant calculation period, the aggregate gross revenues of the Properties minus the aggregate operating expenses, fixed expenses and fees attributable to the management and operation of the Properties. For purposes of calculating Actual Net Cash Flow, "gross revenues" shall mean actual revenues received from hotel departments, including but not limited to room rental, food and beverage operations, telecommunications, health club, golf, tennis, business center activities, retail, parking and any other related activities. Non-recurring revenues will not be included in gross revenues. For purposes of calculating Actual Net Cash Flow, "operating expenses", "fixed expenses" and "fees" shall include all expenses paid in connection with the operation and management of 220 EXHIBIT A Page 3 the Properties, and will additionally include all accrued but unpaid expenses associated with real estate taxes and insurance. For purposes of calculating operating expenses, fixed expenses and fees, franchise and management fees will be included at the higher of the actual amount paid or the contractual amount.

Actual Net Cash Flow means Net Operating Income from all of the Projects, computed on a trailing twelve (12)–month basis by Borrower subject to the review and approval of Lender in its reasonable discretion.

Actual Net Cash Flow means the actual amount of all Distributions of Ongoing Revenue paid to the Borrower Subsidiary Parties, which amounts shall be paid directly from the Borrower Subsidiary Parties to the Borrower.

Actual Net Cash Flow means, for any period, the amount obtained by subtracting Actual Operating Expenses for such period from Gross Income from Operations for such period; provided, however, that for purposes of determining whether or not a NOI Trigger Event has occurred (a) the Rents from the Property will be annualized based upon Leases in existence as of the date immediately following the applicable Actual NOI Determination Date, based upon the rent roll delivered to Lender by Borrower under Section 4.16 hereof and (b) Actual Operating Expenses and Gross Income from Operations (other than Rents) will each be based upon the trailing 12-month period preceding the Actual NOI Determination Date.