Available Net Cash definition

Available Net Cash means, for any fiscal period, any operating receipts of the Company (including the cash proceeds received by the Company in connection with any Capital Event) after payment of (i) any amounts required to pay costs and expenses of the Company, including normal operating expenses, taxes and professional or other fees, (ii) any payments of any Indebtedness, and (iii) amounts of any reserves as may reasonably be determined by the Board of Directors. For purposes of this definition, the term "Indebtedness" means, with respect to the Company, (a) all indebtedness for borrowed money, (b) the deferred purchase price of assets or services which, in accordance with generally accepted accounting principles, would be reflected as a liability, (c) the maximum amount of all letters of credit issued for the account of the Company, (d) all capitalized lease obligations, and (e) obligations to guarantee the debt of another Person.
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Available Net Cash means, for any fiscal period, any operating receipts of the Company (including the cash proceeds received by the Company in
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Available Net Cash shall have the meaning given to such term in paragraph 4.5.
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Examples of Available Net Cash in a sentence

  • Any Available Net Cash Proceeds referred to in this paragraph as being available for retention by Conseco (A) must, if received by a Subsidiary, be distributed to Conseco for such purpose if such distribution is not prohibited by law, rule or regulation or the Lehman Agreement and (B) may be used by Conseco fo▇ ▇▇▇ purpose permitted by this Appendix.

  • After the Class A Preferred ceases to be outstanding, for any Quarterly Distribution Period for which the quarterly distribution on Common Shares is less than the Company's Available Net Cash Proceeds and Consolidated Retained Earnings, distributions on the Common Shares, when, as and if declared by the Management Committee, may be paid in cash or in-kind.

  • The Company Available Net Cash shall not be less than $75,000,000 (seventy five million dollars).

  • There shall be no distribution of Available Net Cash Flow to the General Partner.

  • Based on such calculations, Rocky Mountain shall have the right to defer payment of such installment of Base Rent to the extent of the deficiency in Available Net Cash (each such deferral sometimes herein a "Postponement").

  • The pro rata calculation shall be made as of the date on which the Company receives the Promote Gross Cash Flow giving rise to the Promote Available Net Cash Flow from the applicable Portfolio Investment.

  • The Company shall have provided to Parent by the date two Business Days prior to the Closing a certificate signed on behalf of the Company by its chief executive officer or chief financial officer setting forth the Company Available Net Cash.

  • Except as otherwise provided in ARTICLE XI, distributions of Available Net Cash Flow will be made only when and as determined appropriate by the Managing Member in its discretion, and when made will be made only in accordance with this ARTICLE V.

  • Beginning on the first complete calendar quarter which ------------- commences six (6) complete calendar months or more after the Commencement Date, and continuing throughout the first twenty (20) years of the Lease Term, Rocky Mountain shall calculate "Available Net Cash" (hereinafter defined) four (4) times yearly.

  • The Company shall make to each Member, to the extent of Available Net Cash Flow, Tax Distributions on a quarterly basis to cover estimated tax payments and final tax liability equal to the excess of (A) such Member's Cumulative Net Tax Liability, over (B) the prior cumulative distributions to such Member pursuant to this Section 1.1(c).


More Definitions of Available Net Cash

Available Net Cash means, for any fiscal period, any operating receipts of the Company (including the cash proceeds received by the Company in connection with any Capital Event) after payment of (i) any amounts required to pay costs and expenses of the Company, including normal operating expenses, taxes and professional or other fees, (ii) any payments of any Indebtedness, (iii) amounts of any reserves as may reasonably be determined by the Board of Managers, and (iv) Preferred Distributions with respect to Series B Units. For purposes of this definition, the term "Indebtedness" means, with respect to the Company, (a) all indebtedness for borrowed money, (b) the deferred purchase price of assets or services which, in accordance with generally accepted accounting principles, would be reflected as a liability, (c) the maximum amount of all letters of credit issued for the account of the Company, (d) all capitalized lease obligations, and (e) obligations to guarantee the debt of another Person.
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Available Net Cash means, for any fiscal period, any operating receipts of the Company (including the cash proceeds received by the Company in connection with any Capital Event) after payment of (i) any amounts required to pay costs and expenses of the Company, including normal operating expenses, taxes and professional or other fees, (ii) any payments of any Indebtedness, and
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Available Net Cash means, for any fiscal year (or portion thereof), the Permitted Investments made by the Company during such period that continue to be held by the Company at the end of such period PLUS the aggregate amount of consolidated unrestricted cash of the Company and its Subsidiaries at the end of such period (excluding the proceeds from financings, issuances by the Company of Membership Interests and other extraordinary transactions), and MINUS a reasonable reserve established by the Board of Directors for future interest and principal payments, distributions with respect to outstanding Preferred Membership Interests under Section 5.1(a), distributions under Section 5.1(b), capital expenditures, other working capital requirements and liabilities, contingent or otherwise.
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Available Net Cash means all cash available to the ------------------ Joint Venture from its Business Activities, activities, decisions and transactions which do not require the prior approval of the Board in accordance with Section 6.5 (hereinafter referred to as the ----------- "Ordinary Course of Business") remaining after payment --------------------------- of current expenses, Liabilities, debts or obligations of the Joint Venture (other than principal or interest on Loans) and after any appropriate reserves for: (A) Known contingent or unforeseen obligations, debts or Liabilities of the Joint Venture, as the Board deems reasonably necessary; (B) amounts required by any contracts with third parties including but not limited to agreements with Parties or its Affiliates (hereinafter referred to as the "Contracts of the Joint ---------------------- Venture"); and ------- (C) such other purposes as decided upon by the Board.
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Available Net Cash is defined as:
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Related to Available Net Cash

  • 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 gross proceeds means gross proceeds less cash prizes, cost of

  • 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.

  • 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.

  • Quarterly Excess Available Funds Percentage means, with respect to the June 2007 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.