Borrower Cash Flow means, for any period, an amount equal to (a) Available Cash during such period, minus (b) the sum, without duplication, of: (i) the aggregate amount of expenditures actually made by the Credit Parties in Cash during such period and (ii) the amount of Cash taxes actually paid by the Credit Parties during such period. For the avoidance of doubt, the foregoing calculation is subject to the adjustments described in Section 6.6(c).
Borrower Cash Flow means, at any date of determination, an amount equal to the Distributed Cash received by the Borrower during the most recently completed Measurement Period; provided that if the Borrower has acquired or disposed of any Equity Interests in a Project Company or the Borrower or any of its Subsidiaries (including any Project Company) has acquired or disposed of any property with a value in excess of $5,000,000 at any time after the first day of such Measurement Period, the determinations of Borrower Cash Flow shall be made giving pro forma effect to such acquisition or disposition as if such acquisition or disposition had occurred on the first day of such Measurement Period.
Borrower Cash Flow means, for any period, Consolidated EBITDA less, (i) Total Interest Expense, (ii) any payments of principal made or due on any Non-Recourse Indebtedness by any Borrower Group Member, (iii) any reserves escrowed or cash held in escrow (such as in a cash trap) with respect to any Non-Recourse Indebtedness by any Borrower Group Member, or (iv) any maintenance related Capital Expenditures.
Examples of Borrower Cash Flow in a sentence
Each such annual budget for the Credit Parties shall include, for the following year, estimated Borrower Cash Flow, projected usage of the Revolving Commitments, and an explanation of the assumptions on which such forecasts are based.
For each fiscal quarter ending following the date on which both of the Debt Ratings announced by S&P and Xxxxx’x are less than BBB- and Baa3, respectively, the Minimum Borrower Cash Flow Fixed Charge Coverage Ratio shall be greater than or equal to 1.75 to 1.00.
For purposes of calculating compliance with the foregoing Leverage Ratio, Borrower Cash Flow may include, at the Borrower’s option, any Qualified Project Adjustments as provided in the definition thereof.
The Lender Representative shall have approved, in its discretion, Borrower Cash Flow Projection Schedule from July 15, 2008, to February 28, 2009 (testing to sale) and from March 1, 2009, to February 28, 2010 (sale to cash flow break even) in the form attached as Exhibit “D”.
For purposes of calculating compliance with the foregoing Leverage Ratio, Borrower Cash Flow may include, at the Borrower’s option, any Qualified Project Adjustments as provided in the definition thereof (i) with respect to any Qualified Project and (ii) with respect to any acquisition by the Borrower of (1) additional direct or indirect ownership interests in Cove Point or (2) direct or indirect ownership interests in Atlantic Coast Pipeline, LLC.
More Definitions of Borrower Cash Flow
Borrower Cash Flow means, for any period, an amount equal to the Distributed Cash received by the Borrower during such period; provided, that if the Borrower has acquired or disposed of any Capital Stock in any of its Subsidiaries or the Borrower or any of its Subsidiaries has acquired or disposed of any property with a value in excess of $5,000,000 at any time after the first day of such period, the determinations of Borrower Cash Flow shall be made giving pro forma effect to such acquisition or Disposition as if such acquisition or Disposition had occurred on the first day of such period.
Borrower Cash Flow means, for any period, (a) the sum of (i) EBITDA (Borrower-Stand Alone), (ii) EBITDA (Summit Holding), (iii) the amount of all dividends actually paid to the Borrower by Bridgefield Employers in compliance with all applicable Requirements of Law, (iv) the amount of all payments made by Bridgefield Employers pursuant to the Bridgefield Employers Tax Sharing Agreement and (v) without duplication, any non-cash expenses and charges reducing income of Summit Holding, all for such period, minus (b) Capital Expenditures for such period, minus (c) the total amount of cash taxes actually paid by the Borrower during such period, minus (d) without duplication, any non-cash expenses or charges increasing income of Summit Holding.
Borrower Cash Flow means, for any fiscal quarter period, the sum, without duplication, of (i) the Quarterly Adjusted Dividend Capacity for such period plus (ii) whether positive or negative, tax sharing payments made by the Regulated Insurance Companies to the Borrower or American Exchange during such period (less cash taxes paid by the Borrower or American Exchange during such period), plus (iii) the combined interest income of the Borrower and American Exchange on an unconsolidated basis during such period, plus (iv) the TPA EBITDA for such period, plus (v) the MSO EBITDA for such period minus (vi) the combined cash selling, general and administrative expenses of the Borrower and American Exchange on an unconsolidated basis during such period.
Borrower Cash Flow means, for any period with respect to Subsidiaries of Company that are not Borrowers, (i) the aggregate amount of cash from such Subsidiaries paid as dividends or otherwise distributed to Borrowers, minus (ii) the aggregate amount of cash expenditures made by such Subsidiaries from amounts received from Borrowers to fund operations and capital expenditures of such Subsidiaries (whether such amounts are received from Borrowers as the proceeds of Indebtedness incurred by such non-Borrower Subsidiary or as the proceeds of equity contributions or both). Amounts included in the calculation of the Development Expenses with respect to a Project shall not be included in the calculation of clause (ii) of Non-Borrower Cash Flow.
Borrower Cash Flow for any period, the net income of Borrower for such period:
Borrower Cash Flow is amended to read as follows: “minus (f) cash Investments made in members of the Consolidated Group and Affiliates during such period (but excluding, in any event, for purposes hereof, initial investments made in Domestic Subsidiaries to finance the costs of acquisition and/or formation, minimum net worth requirements, initial capital expenditures, transaction costs and transition costs, in each case made within 90 days prior to or after acquisition or formation), in each case determined on an unconsolidated basis on the accrual basis of accounting in accordance with GAAP. Except as otherwise expressly provided, the applicable period shall be for the four consecutive fiscal quarters ending as of the date of determination.”
Borrower Cash Flow means, for any period, the sum of (i) dividends paid by Regulated Insurance Companies during such period, (ii) the aggregate amount of dividends which the Regulated Insurance Companies could pay to the Borrower under applicable Legal Requirements as of the last day of such period (without obtaining extraordinary dividend approval from any Applicable Insurance Regulatory Authority, but taking into account dividends previously paid during such period), (iii) tax sharing payments made by Regulated Insurance Companies to the Borrower during such period (less cash taxes paid by the Borrower during such period), (iv) payments during such period of principal and interest on surplus notes issued by Regulated Insurance Companies to the Borrower and (v) dividends and management fees paid by Non-Regulated Companies to the Borrower during such period.