Cash Available for Debt Service definition

Cash Available for Debt Service means, in respect of any (a) past period, the amount of Operating Revenues received during such period less Operating Expenses paid during such period or (b) any future period, the amount of Operating Revenues projected to be received during such period less Operating Expenses projected to be paid during such period.

Cash Available for Debt Service for any period (a) Revenues for such period (excluding any equity contributions received by the Borrower during such period) less (b) O&M Costs paid or (without duplication) payable during such period.

Cash Available for Debt Service means:

Examples of Cash Available for Debt Service in a sentence

• The financial results in this document and the Presentation include certain financial measures and ratios, including Adjusted Media Revenue, Adjusted Revenue, Cash Available for Debt Service, Current / Non Current Operating Assets, Current / Non Current Operating Liabilities, Debt Service Coverage Ratio and certain other related measures that are not presented in accordance with IFRS or Italian GAAP and are unaudited.

• The Borrower shall, at all times, commencing on the date of this Agreement maintain a ratio of (i) Cash Available for Debt Service for the 12 months preceding the date of calculation to (ii) the sum of the principal repayments and interest payments on all Financial Debt due or accrued during such period, of not less than 1.2:1.

• Each quarterly payment of interest shall be accompanied by a statement setting forth the determination of Cash Available for Debt Service for the Current Quarter with respect to which such payment was made, which statement shall be certified to be true, correct and complete by the Borrower to its best knowledge.

• Accrued Bonus Interest shall be payable quarterly solely from Cash Available for Debt Service for the Current Quarter only after payment of Base Interest and Bonus Interest for the Current Quarter.

• Any cash receipts of Borrower from any Property Investment which is released pursuant this paragraph (a "RELEASED PROPERTY INVESTMENT") shall not be taken into account in determining Cash Available for Debt Service from and after the date of such release.

More Definitions of Cash Available for Debt Service

Cash Available for Debt Service means, in respect of any (i) past period, the amount of Operating Revenues received during such period less Operating Expenses paid during such period or (ii) any future period, the amount of Operating Revenues projected to be received during such period less Operating Expenses projected to be paid during such period.

Cash Available for Debt Service means, for each Calculation Period:

Cash Available for Debt Service means, for any period, the Consolidated EBITDA for such period, minus the sum of (a) Capital Expenditures made by the Borrower and its consolidated subsidiaries in cash during such period and (b) to the extent added to Consolidated Net Income in determining Consolidated EBITDA, consolidated income tax cash expense for such period, all determined on a consolidated basis in accordance with GAAP; provided, however, that for purposes of determining compliance with Section 6.13 at any time from the Effective Date through March 31, 2009, Cash Available for Debt Service shall be deemed to be $41,700,000 for the fiscal quarter ended December 31, 2007, $41,700,000 for the fiscal quarter ended March 31, 2008, and $41,700,000 for the fiscal quarter ended June 30, 2008.

Cash Available for Debt Service means, for any 12-month period, (A) the revenues, receipts and earnings of the Borrower from the sources described in clauses (i) and (ii) of the definition of “Operating Revenues” for such twelve-month period plus (B) the revenues and receipts of the Borrower from the source described in clause (iii) of the definition of “Operating Revenues” for a period of no more than three (3) months during such 12-month period, minus (C) the Operating Costs of the Borrower for such twelve-month period, and (b) for purposes of Section 2(b)(ii) of Exhibit A2 to the Common Agreement, “Cash Available for Debt Service” means, for any period, the revenues, receipts and earnings of the Borrower from the sources described in clauses (i) and (ii) of the definition of “Operating Revenues” for such period minus the Operating Costs of the Borrower for such period.

Cash Available for Debt Service means, for any period, the revenues, receipts and earnings of the Borrower from the sources described in clauses (i) and (ii) of the definition of “Operating Revenues” for such period minus the Operating Costs of the Borrower for such period.

Cash Available for Debt Service means in relation to the relevant period:

Cash Available for Debt Service means, for any period, Net Income plus depreciation and amortization and other non-cash charges plus/minus changes in Working Capital plus interest and fees paid, minus capital expenditures; except that (a) in calculating the rolling 12-month Debt Service Coverage Ratio for purposes of clause (iv) of the definition of “Distribution Preconditions”, “Cash Available for Debt Service” means, for any 12-month period, (A) the revenues, receipts and earnings of the Borrower from the sources described in clauses (i) and (ii) of the definition of “Operating Revenues” for such twelve-month period plus (B) the revenues and receipts of the Borrower from the source described in clause (iii) of the definition of “Operating Revenues” for a period of no more than three (3) months during such 12-month period, minus (C) the Operating Costs of the Borrower for such twelve-month period, and (b) for purposes of Section 2(b)(ii) of Exhibit A2 to the Common Agreement, “Cash Available for Debt Service” means, for any period, the revenues, receipts and earnings of the Borrower from the sources described in clauses (i) and (ii) of the definition of “Operating Revenues” for such period minus the Operating Costs of the Borrower for such period.