Cash Available for Dividends definition

Cash Available for Dividends means Adjusted EBITDA, minus (i) cash interest expense (adjusted for amortization and swap interest), (ii) scheduled principal payments on indebtedness, (iii) capital expenditures, (iv) investments, (v) cash income taxes, and (vi) non-cash items excluded from Adjusted EBITDA and paid in cash, plus (i) the cash amount of any extraordinary gains and gains realized on asset sales other than in the ordinary course of business, and (ii) cash received on account of non-cash gains or non-cash income excluded from Adjusted EBITDA.
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Cash Available for Dividends means Adjusted EBITDA less scheduled principal payments on indebtedness, cash interest expense (adjusted for amortization, swap interest and dividends and accretion on series A preferred stock), capital expenditures, non-cash items excluded from Adjusted EBITDA and paid in cash and income taxes.
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Cash Available for Dividends means, with respect to any fiscal year of the Borrower, the result of (a) Consolidated EBITDA minus (b) the sum of (i) debt service, (ii) Taxes paid in cash, (iii) Capital Expenditures and (iv) other non-recurring or unusual cash charges, expenses, or losses, in each case for the Borrower for such fiscal year; provided, that, to the extent the components of this clause (b) are deducted from Consolidated Net Income in connection with determining Consolidated EBITDA, such components will only be included in this clause (b) to the extent such component was added back to Consolidated Net Income when determining Consolidated EBITDA.
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Examples of Cash Available for Dividends in a sentence

  • The assumptions described in the Disclosure Package and the Offering Memorandum under the heading “Forecasted Cash Available for Dividends, Reserves and Extraordinary Expenses” have been made in good faith and fairly and accurately represent the Company’s best estimate of the expected income from chartering, and anticipated expenses of operating, the vessels in the Company’s fleet during the period contemplated thereby.

  • Since that date as of which the information set forth in the Disclosure Package and the Offering Memorandum under the heading “Forecasted Cash Available for Dividends, Reserves and Extraordinary Expenses” is given there has not been any changes or any developments involving a material prospective change affecting the matters described therein.