Annual Free Cash Flow definition

Annual Free Cash Flow for any Measurement Year, means operating cash flow minus capital expenditures.
Sample 1Sample 2Sample 3
Annual Free Cash Flow shall have the meaning assigned to that term in the each Facility Agreement as in effect on the Closing Date.
Sample 1Sample 2
Annual Free Cash Flow means the Company’s cash flow provided by operations, less all capital expenditures, for the calendar year in question. In addition, in the event that your employment is terminated by the Company without “Cause”, or is voluntarily terminated by you for “Good Reason” (each as defined in Section 8 below), you shall be entitled to receive (a) any bonus payments that may then remain due to you, as a result of achievement of one or both of the milestones specified in the second sentence of this Section 4, which bonus payments will be paid to you as such bonus payments otherwise would have been paid to you pursuant to the third sentence of this Section 4, and (b) a pro rated share of any bonus payment that otherwise would have been payable to you pursuant to the fourth sentence of this Section 4, such amount to be payable to you, within sixty (60) days after the end of the applicable calendar year.
Sample 1Sample 2

Examples of Annual Free Cash Flow in a sentence

  • Concurrently with the receipt of any amount which would require a Mandatory Payment pursuant to subsections 2.4A(iii)(a) - (f), Company shall deliver to Administrative Agent an Officer's Certificate demonstrating the calculation of the amount of the applicable Net Asset Sale Proceeds, Net Insurance/Condemnation Proceeds, Net Indebtedness Proceeds, cash in the Cash Management System, Annual Free Cash Flow or Tax refund or rebate, as the case may be, that gave rise to such Mandatory Payment.

  • Throughout the Term, you shall be eligible to receive a bonus, payable within sixty (60) days of the end of each fiscal year during which you remain employed by the Company, in an amount equal to 1.2% of the Company’s Annual Free Cash Flow.

  • Concurrently with the receipt of any amount which would require a Mandatory Payment pursuant to subsections 2.3A(i)(a) - (f), Company shall deliver to Administrative Agent an Officer's Certificate demonstrating the calculation of the amount of the applicable Net Asset Sale Proceeds, Net Insurance/Condemnation Proceeds, Net Indebtedness Proceeds, cash in the Cash Management System, Annual Free Cash Flow or Tax refund or rebate, as the case may be, that gave rise to such Mandatory Payment.

  • After-Tax NPV and IRR Sensitivities Assuming No Mobile Equipment Financing (PEA Case)PEA Prices Downside Upside Gold Price (US$/oz) $1,350 $1,200 $1,500 Silver Price (US$/oz) $16.90 $15.00 $19.00 After-Tax NPV (5%) (Million) C$472.0 / C$330.5 / C$615.0 / US$357.6 US$250.4 US$465.9 After-Tax IRR (%) 43% 32% 54% Payback (years) 2.4 3.0 1.9 Average Annual Free Cash Flow C$81.1 C$64.1 C$98.4 (Million) Table 2b.

  • Annual Free Cash Flow as a % of revenues0%$426M $475M $487M10%30%15%19%35%39%60%50%42% 2009 2010 2011 $300$200$100$0 $184M$238M$253M2009 2010 2011 ADESA IAA AFC *Percentage calculations exclude holding company.* *Free cash flow represents Adjusted EBITDA less capitalexpenditures, adjusted cash interest paid and cash taxes paid.

  • As shown, the Project remains very viable in the downside commodity price scenario and as well, is extremely robust in the upside case.Gold Price (US$/oz) $1,350 $1,200 $1,500 Silver Price (US$/oz) $16.90 $15.00 $19.00 After-Tax NPV(5%) (Million) C$ 472.0 / US$ 357.6 C$ 330.5 / US$ 250.4 C$ 615.0 / US$ 465.9 After-Tax IRR (%) 43% 32% 54% Payback (years) 2.4 3.0 1.9 Average Annual Free Cash Flow (Million) C$81.1 C$64.1 C$98.4 See "Properties" section below for further details on the PEA.

  • MARTINHervé, Mentalités médiévales: XIe-XVe siècle, Paris, 1996 ; RACINE Pierre, « Le marchand, un type de la société médiévale », Actes des congrès de la Société des historiens médiévistes de l’enseignement supérieur public, 1988, 19, p.

  • The Borrower agrees that on an annual basis 100% of the Annual Free Cash Flow will be retained in the Reserve Account in the name of the Borrower pledged in favour of the Lender and will be applied at the Agent’s discretion (after consultation with the Borrower) against prepayment of the relevant New Balloon Payments till said New Balloon Payments are reduced to the levels of the Original Balloon Payments.

  • The transmitted light intensity was detected on a CCD camera and the maximum intensity at the peak M and the full width at half-maximum of the intensity (in mm) was recorded with a CCD camera.

  • If within fifteen (15) days following delivery of any Annual Free Cash Flow Statement, the Seller does not give the Buyer written notice of any objection of the Seller to such Annual Free Cash Flow Statement (which such notice must contain a statement of the basis of the Seller's objection), then such Annual Free Cash Flow Statement shall be conclusive and binding on the parties.


More Definitions of Annual Free Cash Flow

Annual Free Cash Flow means the Company’s cash flow provided by operations, less all capital expenditures, for the fiscal year in question.
Sample 1Sample 2
Annual Free Cash Flow means, for any period, (i) the sum for such period of (without duplication) (a) all cash revenue received by Company and its Subsidiaries from Projects and facilities that are not Projects, other than amounts received by Company or such Subsidiary as a "pass through" entity for debt service on Limited Recourse Debt, (b) all
Sample 1
Annual Free Cash Flow means the positive cash flow generated by each Mortgaged Ship remaining after settling all Obligors’ Operating Expenses and debt service requirements - principal and interest due, all to be based on annual, audited and consolidated financial statements delivered to the Agent within 180 days of the financial year concerned, and prepared in accordance with GAAP consistently applied, as per Clause 11.6 (a) of the Facility Agreement;”;
Sample 1

Related to Annual Free Cash Flow

  • Free Cash Flow means, for any Person for any period, EBITDA plus cash interest income of such Person for such period, less income taxes, Capital Expenditures and Investments (to the extent made in compliance with this Agreement), Scheduled Debt Service (if any) and variations in working capital made in the ordinary course of business, with respect to such period.

  • Net Cash Flow means, for any period, the amount obtained by subtracting Operating Expenses and Capital Expenditures for such period from Gross Income from Operations for such period.

  • Free Cash means the aggregate book value of the holdings which at all times are available for the Issuer of any:

  • Annualized Operating Cash Flow means, for any fiscal quarter, the Operating Cash Flow for such fiscal quarter multiplied by four.

  • Available Cash Flow means an amount, with respect to each Fiscal Year or portion thereof during the Term, equal to the excess, if any, of the Operating Profit over the Owner’s Priority.

  • Operating Cash Flow means the Company’s or a business unit’s sum of Net Income plus depreciation and amortization less capital expenditures plus changes in working capital comprised of accounts receivable, inventories, other current assets, trade accounts payable, accrued expenses, product warranty, advance payments from customers and long-term accrued expenses, determined in accordance with generally acceptable accounting principles.

  • Net Monthly Excess Cash Flow For any Distribution Date the amount remaining for distribution pursuant to subsection 4.02(a)(iii) (before giving effect to distributions pursuant to such subsection).

  • Excess Cash Flow means, for any period, an amount equal to the excess of:

  • Adjusted Operating Cash Flow means the net cash provided by operating activities of the Company as reported in the Company’s consolidated statements of cash flows included in its Annual Report on Form 10-K, adjusted to eliminate the effect on operating cash flows of net customer financing cash flows, as reported in the Company’s consolidated statements of cash flows included in its Annual Report on Form 10-K.

  • Adjusted Cash Flow for any fiscal year shall mean Consolidated Net Income of the Borrower for such fiscal year (after provision for taxes) plus the amount of all net non-cash charges (including, without limitation, depreciation, deferred tax expense, non-cash interest expense, amortization and other non-cash charges) that were deducted in arriving at such Consolidated Net Income for such fiscal year, minus the amount of all non-cash gains and gains from sales of assets (other than sales of inventory and equipment in the normal course of business) that were added in arriving at such Consolidated Net Income for such fiscal year.

  • Excess Cash Flow Application Date as defined in Section 2.12(c).

  • Excess Cash Flow Period means each fiscal year of the Borrower, commencing with the fiscal year of the Borrower ending on December 31, 2016.

  • Distributable Cash Flow means, for any Distribution Period, an amount equal to the Cash Flow for such Distribution Period, less any amount that the Board may reasonably consider to be necessary to provide for the payment of any costs or expenses, including any tax liability of Holding GP or the Fund, that have been or are reasonably expected to be incurred in the activities and operations of Holding GP or the Fund (to the extent that such costs or expenses have not otherwise been taken into account in the calculation of the Cash Flow) and less such reserves or amounts as are, in the opinion of the Board, necessary or desirable;

  • Excess Cash Flow Percentage 50%; provided that the Excess Cash Flow Percentage shall be reduced to (a) 25% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 3.75 to 1.00 and (b) to 0% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 2.25 to 1.00.

  • Cash Flow mean net income after taxes, and exclusive of extraordinary gains and income, plus depreciation and amortization.

  • Minimum Cash Balance means $10,000,000 minus (i) $500,000, (ii) any amounts to be paid to holders of Allowed Ongoing Trade Claims of New Permian Corp., and (iii) any amounts to be paid to holders of Allowed Cure Amounts pursuant to Section 8.4(ii).

  • Net Operating Cash Flow means the net cash flow to the Partnership resulting from ownership and operation of the Partnership Property, plus any other items of income received in cash by the Partnership less (i) all debts and expenses paid in the operation of the Partnership, (ii) any reserves which the General Partners deem reasonably necessary for the operation of the Partnership or for the satisfaction of obligations of the Partnership pursuant to Section 8.6, and (iii) all proceeds which are (A) received by the Partnership from the Transfer of Partnership Property, and (B) used to purchase or reserved, as determined by the General Partners in furtherance of their fiduciary duties hereunder and under the Act, for the purchase of other Partnership Property.

  • Adjusted Revenue means revenue less Digital Platform Fulfilment Revenue.

  • Excess Cash Flow Payment Period means, with respect to any Excess Cash Flow Payment Date, the immediately preceding fiscal year of the Borrower.

  • Adjusted EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication, to the extent the same was deducted in calculating Consolidated Net Income:

  • Adjusted Operating Income for each year in the Performance Period is defined as the Company’s net income from continuing operations as reported in the Company’s financial statements (including accompanying footnotes and management’s discussion and analysis), adjusted as set forth in the immediately following sentence. In calculating Adjusted Operating Income, net income from continuing operations shall be adjusted as follows: first (A) remove the after-tax effects of the following items: (i) losses (net of reinsurance) from catastrophes (as designated by the Insurance Service Office’s Property Claims Service Group, the Lloyd’s Claim Office, Swiss Reinsurance Company’s sigma report, or a comparable report or organization generally recognized by the insurance industry, and reported by the Company as a catastrophe); asbestos and environmental reserve charges (or releases); net realized investment gains or losses in the fixed maturities and real estate portfolios; and (ii) extraordinary items, the cumulative effect of accounting changes and federal income tax rate changes, and restructuring charges, each as defined by generally accepted accounting principles in the United States, and each as reported in the Company’s financial statements (including accompanying footnotes and management’s discussion and analysis); (B) reduced, as to the first year in the Performance Period (20XX), by $XXXXXX, as to the second year in the Performance Period (20XX), by $XXXXXX times the ratio of: the Company’s 20XX consolidated personal lines homeowners net written premium plus commercial lines property net written premium plus 50% of commercial lines multi peril net written premium divided by the Company’s 20XX consolidated personal lines homeowners net written premium plus commercial lines property net written premium plus 50% of commercial lines multi peril net written premium, and as to the third year in the Performance Period (20XX), by $XXXXXX times the ratio of: the Company’s 20XX consolidated personal lines homeowners net written premium plus commercial lines property net written premium plus 50% of commercial lines multi peril net written premium divided by the Company’s 20XX consolidated personal lines homeowners net written premium plus commercial lines property net written premium plus 50% of commercial lines multi peril net written premium; and (C) reduced by an amount intended, as of the date of this award, to approximate historical levels of credit losses (on an after-tax basis) associated with the Company’s fixed income investments, determined by (i) multiplying a fixed factor, expressed as 2.25 basis points, by the amortized cost of the Company’s fixed maturity investment portfolio at the beginning of each quarter during the relevant year in the Performance Period and (ii) adding the after-tax sum of the amounts resulting from (i) for such year in the Performance Period.

  • Net Available Cash from an Asset Disposition means cash payments received (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise and net proceeds from the sale or other disposition of any securities received as consideration, but only as and when received, but excluding any other consideration received in the form of assumption by the acquiring person of Indebtedness or other obligations relating to the properties or assets that are the subject of such Asset Disposition or received in any other non-cash form) therefrom, in each case net of:

  • Adjusted Net Earnings from Operations means, with respect to any fiscal period of Foamex, the net income of Foamex and its Subsidiaries after provision for income taxes for such fiscal period, as determined in accordance with GAAP on a consolidated basis (excluding the Joint Ventures and the China Joint Venture) and reported on the Financial Statements for such period, excluding any and all of the following included in such net income: (a) gain or loss arising from the sale of any capital assets; (b) gain (or loss) arising from any write-up (or write-down) in the book value of any asset; (c) earnings of any Person, substantially all the assets of which have been acquired by Foamex or any of its Subsidiaries in any manner, to the extent realized by such other Person prior to the date of acquisition; (d) earnings of any Person (other than Foamex Canada and the Mexican Subsidiaries and their respective Subsidiaries) in which Foamex or any of its Subsidiaries has an ownership interest unless (and only to the extent) such earnings shall actually have been received by Foamex or any of its Domestic Subsidiaries in the form of cash distributions; (e) earnings of any Person to which assets of Foamex or any of its Subsidiaries shall have been sold, transferred or disposed of, or into which Foamex or any of its Subsidiaries shall have been merged, or which has been a party with Foamex or any of its Subsidiaries to any consolidation or other form of reorganization, prior to the date of such transaction; (f) gain or loss arising from the acquisition of debt or equity securities of Foamex or any of its Subsidiaries or from cancellation or forgiveness of Debt; and (g) gain or loss arising from extraordinary items, as determined in accordance with GAAP.

  • Consolidated Cash Flow means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication:

  • Cash Flow from Operations means net cash funds provided from operations, exclusive of Cash from Sales or Refinancing, of the Company or investment of any Company funds, without deduction for depreciation, but after deducting cash funds used to pay or establish a reserve for expenses, debt payments, capital improvements, and replacements and for such other items as the Board of Directors reasonably determines to be necessary or appropriate and subject to Loan Conditions.