Borrower Excess Cash Flow definition

Borrower Excess Cash Flow shall have the meaning set forth in the Cash Management Agreement.
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Borrower Excess Cash Flow shall have the meaning set forth in Section 6.11.1(c).
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Borrower Excess Cash Flow means, for any period, EBITDA for such period less the sum of (i) cash interest expense, (ii) cash income taxes, (iii) the sum of (x) $150,000 monthly scheduled principal payments and (y) any voluntary prepayments of the Borrower on the Loan, (iv) maintenance Capital Expenditures not to exceed $100,000 per quarter, (v) Capital Expenditures in connection with the replacement of the mooring barge not to exceed $1,000,000 in the aggregate, and (vi) such other Capital Expenditures as shall be agreed to by the Lender.
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Examples of Borrower Excess Cash Flow in a sentence

  • From and after the occurrence of a Cash Trap Event and during the continuance of a Cash Trap Period, Borrower shall deposit with Agent all of the Borrower Excess Cash Flow (the “Borrower Cash Collateral Funds”).

  • Amounts deposited from time to time into the Borrower Excess Cash Flow Account pursuant to this Section 6.9 are referred to herein as the “Borrower Excess Cash Flow Funds”, and amounts deposited from time to time into the Master Tenant Excess Cash Flow Account pursuant to this Section 6.9 are referred to herein as the “Master Tenant Excess Cash Flow Funds”.

  • Concurrently with any prepayment of the Loans and/or reduction of the Commitments pursuant to Sections 2.12(a) through 2.12(c), Borrower shall deliver to Administrative Agent (a copy of which Administrative Agent shall promptly provide to each Lender) a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable net proceeds or Consolidated Borrower Excess Cash Flow, as the case may be.

  • In the event that there shall be Consolidated Borrower Excess Cash Flow for any Fiscal Year (commencing with the Fiscal Year ending December 31, 2005), Borrower shall, no later than ninety (90) days after the end of such Fiscal Year, prepay the Loans and/or permanently reduce Commitments as set forth in Section 2.13(b) in an aggregate amount equal to 50% of such Consolidated Borrower Excess Cash Flow.

  • Upon the occurrence of a Cash Trap Event Cure, (A) all Borrower Excess Cash Flow Reserve Funds shall be paid to Borrower and (B) all Operating Lessee Excess Cash Flow Reserve Funds shall be paid to Operating Lessee.

  • From and after (a) the occurrence of an Initial Trigger Event and during the continuance of an Initial Trigger Period, Borrower shall deposit with Lender fifty percent (50%) of the Borrower Excess Cash Flow and (b) the occurrence of a Secondary Trigger Event and during the continuance of a Secondary Trigger Period, Borrower shall deposit with Lender all of the Borrower Excess Cash Flow (subclauses (a) and (b) together, the "Borrower Cash Collateral Funds").


More Definitions of Borrower Excess Cash Flow

Borrower Excess Cash Flow means all sums remaining on deposit in the Operating Lease Rent Account, together with all interest accrued thereon, after the payment of all sums required to be paid pursuant to Sections 3.3(b)(i) and (ii) of the Cash Management Agreement.
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Borrower Excess Cash Flow means for any period Excess Cash Flow minus all amounts relating to the Guarantor and its Consolidated Subsidiaries.
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