Annualized Net Cash Flow definition

Annualized Net Cash Flow means, with respect to any Tower Site, the Net Cash Flow from such Tower Site during the full calendar months of ownership of such Tower Site by an Asset Entity, multiplied by 12 and divided by the number of full calendar months of ownership of such Tower Site by an Asset Entity.

Annualized Net Cash Flow. For any Measurement Quarter, the excess, if any of (a) the aggregate annualized Collections received during such Measurement Quarter in respect of all of the Financed Properties owned by the Borrowers during such Measurement Quarter over (b) the sum of (i) an amount equal to the annualized Operating Expenses in respect of such Financed Properties for such Measurement Quarter, (ii) the aggregate real estate taxes or other governmental assessments related to such Financed Properties payable during the related calendar year; (iii) the aggregate insurance premiums payable during the related calendar year necessary in order to maintain compliance with the Insurance Requirements (excluding premiums related to Non-Financed Properties if such premiums (12 months) are on deposit in the Insurance Reserve Account), in each case for the calendar year in which such Measurement Quarter occurs; provided that, (i) leasing commissions shall be amortized over the term of the applicable Lease for purposes of calculating Annualized Net Cash Flow and (ii) with respect to any Financed Property acquired by the Borrower or an Affiliate during the Measurement Quarter or which became a Leased Property, after the first day of the relevant Measurement Quarter, Annualized Net Cash Flow shall be calculated based on Estimated Net Cash Flow. Annualized Net Cash Flow shall be calculated pro forma for the addition or release of Financed Properties as if such addition or release had occurred on the first day of the applicable Measurement Quarter.

Annualized Net Cash Flow means, for any Tenant Site Asset, the Annualized Revenue for such Tenant Site Asset, less an amount equal to 1.75% of the Annualized Revenue for such Tenant Site Asset.

Examples of Annualized Net Cash Flow in a sentence

• At any time, the percentage equivalent of a fraction, determined as of the last day of the most recently ended Fiscal Quarter, the numerator of which is equal to the Annualized Net Cash Flow for such Fiscal Quarter and the denominator of which is equal to the Advances Outstanding as of such last day of such Fiscal Quarter.

• For the purpose of clause (ii) of the immediately preceding sentence, (i) such Non-Eligible Property shall be deemed to have an Advance Rate, Market Value, Property Value and Asset Purchase Price of zero and (ii) the Debt Service Coverage Ratio, the Debt Yield Ratio and the Portfolio Delinquency Amount shall be recalculated as of the most recently ended Measurement Quarter with the Annualized Net Cash Flow related to such Non-Eligible Property excluded from the applicable calculation.

• The "Annualized Net Cash Flow" of Customer as of the end of each of its fiscal quarters shall not be less than $2,000,000.00.

• At any time, the percentage equivalent of a fraction, determined as of the last day of the most recently ended Fiscal Quarter, the numerator of which is equal to the Annualized Net Cash Flow for such Fiscal Quarter and the denominator of which is equal to the Advances Outstanding as of such last day of such Fiscal Quarter Default: Any condition, occurrence or event which, after notice or lapse of time or both, would constitute an Event of Default.

• For the purpose of clause (ii) of the immediately preceding sentence, (i) such Non-Eligible Property shall be deemed to have an Advance Rate, Market Value, Property Value and Asset Purchase Price of zero and (ii) the Debt Service Coverage Ratio, the Debt Yield Ratio and the Portfolio Delinquency Amount shall be recalculated as of the most recently ended Measurement Quarter with the Annualized Net Cash Flow related to such Non-Eligible Property 63 excluded from the applicable calculation.

More Definitions of Annualized Net Cash Flow

Annualized Net Cash Flow means, with respect to any Tower Site, the Net Cash Flow from such Tower Site during the full calendar month of ownership of such Tower Site by an Asset Entity most recently ended for which monthly financial statements have been required to be delivered pursuant to Section 7.5(c), multiplied by 12.

Annualized Net Cash Flow means the amount, on an accrual basis and annualized using the prior 24 calendar months, or such lesser number of months if services have not been provided under the Project Hospital Contract for at least 24 months, of the gross revenue payable to the Project LLC under the Project Hospital Contract, less (a) the cost of goods or services directly related to providing the services to the Project Hospital under the Project Contract (other than any amounts payable to CareView under the Project Services Subcontract Agreement or otherwise) and (b) any amount of the Shared Revenue Package reimbursed to the Project Hospital (as defined in the Project Hospital Contract). The Annualized Net Cash Flow shall not take into account any distributions to CareView or Investor under the Project LLC’s Operating Agreement or any payments of principal or interest to Investor under the Project Note.

Annualized Net Cash Flow means, for any date of determination, an amount with respect to any Rental Property or pool of Rental Properties equal to: (a) annualized Income for such Rental Property or pool of Rental Properties, determined by the gross rents actually received that are attributable to the immediately preceding twelve (12) calendar months for which financial results are available with respect to such Rental Property or pool of Rental Properties, excluding any past-due rents attributable to

Annualized Net Cash Flow means, as of the end of any fiscal quarter of Customer, the excess of (i) the sum of Customer's net after-tax income and depreciation for the immediately preceding four fiscal quarters of Customer, over (ii) the sum of the then current portion of long term debt and all dividends and other distributions to shareholders in the immediately preceding four fiscal quarters; all as shown on Customer's regular financial statements prepared in a manner consistent with the terms hereof.

Annualized Net Cash Flow. For any Fiscal Quarter, the excess, if any of (a) the lesser of (i) the aggregate annualized GPR multiplied by 92% and (ii) the aggregate annualized Collections received by the Borrowers in respect of all of the Properties owned by the Borrowers during such Fiscal Quarter over (b) an amount equal to the sum of (i) aggregate annualized Qualified Expenses for such Fiscal Quarter, (ii) the aggregate annualized real estate taxes, other governmental assessments and insurance premiums for such Fiscal Quarter and (iii) aggregate annualized capital expenditures (without duplication of capital expenditures already included in Qualified Expenses) incurred with respect to Properties (that were Stabilized Properties at the time such capital expenditures were incurred) for such Fiscal Quarter, subject to the right of the Lenders to submit a Formal Objection within three (3) Business Days after such Annualized Net Cash Flow for a Property is initially posted to the Data Site.

Annualized Net Cash Flow. For any Fiscal Quarter, the excess, if any of (a) the aggregate annualized Collections received by the Borrowers in respect of all of the Properties owned by the Borrowers during such Fiscal Quarter over (b) the sum of (i) an amount equal to the Approved Budget for the calendar year in which such Fiscal Quarter occurs and (ii) all amounts representing Excess Expenses paid during such Fiscal Quarter by the Borrowers, as approved by the Agent, 53570.000371 EMF_US 44362017v35 subject to the right of the Lenders to submit a Formal Objection within three (3) Business Days after such Annualized Net Cash Flow for a Property is initially posted to the Data Site.

Annualized Net Cash Flow means, for any date of determination, an amount with respect to any Rental Property or pool of Rental Properties equal to: (a) annualized Income for such Rental Property or pool of Rental Properties, determined by the gross rents actually received that are attributable to the immediately preceding twelve (12) calendar months for which financial results are available with respect to such Rental Property or pool of Rental Properties, excluding any past-due rents attributable to an earlier period and less any prepaid rents attributable to a later period, minus (b) the Annualized Operating Expense Amount for such Rental Property or pool of Rental Properties.