Annual Operating Cash Flow means, as of any date, Operating Cash Flow for the period of four consecutive fiscal quarters covered by the then most recent report furnished or deemed furnished to the Trustee and the Holders of Securities under Section 703.
Annual Operating Cash Flow means, as at any fiscal quarter end, EBITDA for the four consecutive fiscal quarters then ended.
Annual Operating Cash Flow for any fiscal year shall mean the sum of (a) pre-tax income, or deficit, as the case may be (excluding extraordinary gains, the write-up of any asset and any investment income or loss), (b) total interest expense (including capitalized, accreted or paid-in-kind interest), and (c) depreciation and amortization expense, as calculated on a consolidated basis for the Borrower and all its Subsidiaries, plus any equity capital raised by the Borrower over and above the corresponding per annum amounts set forth in Schedule 1, Items 8B and C of of Borrower's 2000 Loan Agreement.
Examples of Annual Operating Cash Flow in a sentence
Maintain as at the end of each fiscal quarter a ratio of Consolidated Annual Operating Cash Flow to Pro-Forma Debt Service not less than 1.10:1.00.
Commencing with the fiscal quarter ending December 31, 2000, maintain as at the end of each fiscal quarter a ratio of Consolidated Annual Operating Cash Flow to Fixed Charges not less than 1.10:1.00.
An option shall vest and be exercisable with respect to twenty percent (20%) of the underlying shares for each fiscal year in which the Company achieves (based on the Company's audit) 100% or more of the Annual Operating Cash Flow Targets for such year.
Maintain as at the end of each fiscal quarter a ratio of Consolidated Annual Operating Cash Flow to Fixed Charges not less than 1.10:1.00.
Maintain as at the end of each fiscal quarter a ratio of Consolidated Annual Operating Cash Flow to Fixed Charges not less than 1.05:1.00.
More Definitions of Annual Operating Cash Flow
Annual Operating Cash Flow. Borrower shall achieve Annual Operating Cash Flow in amounts in excess of: 2000 N/A 2002 $ 6,482,000 2001 N/A 2003 $ 17,902,000 2004 and thereafter $ 29,015,000
Annual Operating Cash Flow means, as of any date, Operating Cash Flow for the period of four consecutive fiscal quarters covered by the then most recent report furnished or deemed furnished to the trustee and the holders of debt securities under the caption “—Certain Covenants—Reports.”
Annual Operating Cash Flow means the sum of (a) pre-tax Net Income, excluding extraordinary gains, gains on sale of assets, the write-up of any asset, and any investment income or loss; (b) total interest expense, including capitalized, accreted or paid-in-kind interest; (c) depreciation and amortization expense; (d) certain one-time expenses and/or adjustments associated with any acquisition permitted hereunder; (e) any other non-cash expenses, charges and losses reducing net income for such period to the extent such non-cash items do not represent a cash item in any future period; and (f) any transaction costs and similar amounts that would be required to be expensed as a result of the application of FAS No. 141R (whether or not applicable thereto), in each case, as calculated on a consolidated basis for the Borrowers and their Subsidiaries.
Annual Operating Cash Flow on any date means, with respect to any Person, the Operating Cash Flow for the Reference Period.
Annual Operating Cash Flow means, as of any date,. Operating Cash Flow for the period of four consecutive Quarters covered by the then most recent Compliance Certificate delivered to the Lenders pursuant to Section 7.01(d); provided that, (a) for purposes of determining an amount of Annual Operating Cash Flow for the period ending September 30, 2011, such amount shall equal Operating Cash Flow for the Quarter covered by the Compliance Certificate delivered to the Lenders pursuant to Section 7.01(d) for the period ending September 30, 2011 multiplied by four; (b) for purposes of determining an amount of Annual Operating Cash Flow for the period ending December 31, 2011, such amount shall equal Operating Cash Flow for the period of two consecutive Quarters covered by the Compliance Certificate delivered to the Lenders pursuant to Section 7.01(d) for the period ending December 31, 2011 multiplied by two; and (c) for purposes of determining an amount of Annual Operating Cash Flow for the period ending March 31, 2012, such amount shall equal Operating Cash Flow for the period of three consecutive Quarters covered by the Compliance Certificate delivered to the Lenders pursuant to Section 7.01(d) for the period ending March 31, 2012 multiplied by 4/3.
Annual Operating Cash Flow for any fiscal year shall mean the sum of (a) pre-tax income, or deficit, as the case may be (excluding extraordinary gains, the write-up of any asset and any investment income or loss), (b) total interest expense (including capitalized, accreted or paid-in-kind interest), and (c) depreciation and amortization expense, as calculated on a consolidated basis for the Borrower and all its Subsidiaries, plus any equity capital raised by the Borrower over and above the corresponding per annum amounts set forth in Schedule 1, Items 8B and C of this Agreement. SRTFC-A3 100% RTFC Long-Term Loan Non-RUS/RTB Borrower Mortgage & Pledge Rev. 06/23/98 OH 804-9001 (cwg)
Annual Operating Cash Flow means, as of any date, Operating Cash Flow for the period of four consecutive Quarters covered by the then most recent Compliance Certificate delivered to the Lenders pursuant to S ection 7.01(d).