Cash Flow Available for Debt Service for any period, means (i) Cash Flow received during such period minus (ii) (A) all O&M Costs paid during such period and (B) if an Equity Cure has been made in any fiscal quarter during the period for which Cash Flow Available for Debt Service is calculated, the lesser of the aggregate amount of (x) such Equity Cure during such period and (y) the aggregate amount of cash distributions paid by the Company during such period.
Cash Flow Available for Debt Service means, for any period, (i) the sum of all revenues (including interest and fee income and any principal payments received by the Borrower on the Transmission Loan for such period, but excluding any insurance proceeds, other than business interruption insurance proceeds, and other similar non-recurring receipts) of the Borrower for such period minus (ii) the aggregate amount of O&M Costs for such period as determined on a cash basis and otherwise in accordance with GAAP).
Cash Flow Available for Debt Service means, for any period, an amount equal to the amount of Cash Flow deposited in the Revenue Account during such period minus all amounts paid during such period pursuant to priorities first and second of Section 4.2(c) (Withdrawals from the Revenue Account) of the Accounts Agreement.
Examples of Cash Flow Available for Debt Service in a sentence
At any date of determination thereof, the ratio of Cash Flow Available for Debt Service for the period of the four most recently ended fiscal quarters of the Company to Debt Service Charges for such period.
For any fiscal period of an owner or operator of a Health Care Facility, ratio of (a) Cash Flow Available for Debt Service attributable to such Health Care Facility to (b) interest expense plus current maturities of long-term debt plus rental expense, in each case to the extent attributable to such Health Care Facility and determined for such period and in accordance with GAAP.
Holdings will not permit --------------------------- the ratio of (i) Consolidated Cash Flow Available for Debt Service to (ii) Consolidated Debt Service Expense for any Test Period to be less than 1.0 to 1.0.
The Company will not permit the ratio of its Debt to Cash Flow Available for Debt Service (for the four most recently ended fiscal quarters) to be greater than 3.5 to 1.0 at any time.
The Company will not permit the ratio of Debt of the Company and its Subsidiaries to Cash Flow Available for Debt Service of the Company and its Subsidiaries (for the four most recently ended fiscal quarters) to be greater than 3.5 to 1.0 as of the last day of each fiscal quarter of the Company.
More Definitions of Cash Flow Available for Debt Service
Cash Flow Available for Debt Service means, for a specified period, (a) the Operating Income less (b) Operating Expenses as determined by Lender.
Cash Flow Available for Debt Service or “CFADS” means, in relation to any period, EBITDA for such period plus, without duplication, the sum of:
Cash Flow Available for Debt Service means, with respect to the maker of any Collateral Note for the prior twelve (12) month period most recently ending, such maker’s annual Net Income (or change in net assets) plus interest expense related to the Collateral Loan (if taken out of such maker’s financial statement) plus depreciation (if taken out of such maker’s financial statement) plus amortization (if taken out of such maker’s financial statement), plus principal payments relating to the Collateral Loan, plus interest and principal on Debt of a Collateral Obligor if such Debt has a superior lien position to that of Borrower with respect to any collateral securing such Collateral Loans, for the prior twelve (12) month period most recently ending, provided, that, principal and interest must be derived from financial statement footnotes for any maker that has more than one Collateral Loan outstanding.
Cash Flow Available for Debt Service means for any period, the amount that is equal to (a) Cash Flow minus (b) Operation and Maintenance Expenses, in each case for such period; provided that Operation and Maintenance Expenses included in the calculation of Historical DSCR and Projected Fixed DSCR will exclude (i) that portion of Operation and Maintenance Expenses arising prior to the Project Completion Date that are Project Costs and, in the case of an Expansion, arising prior to the completion date of such Expansion and that are pre-completion project costs of such Expansion, (ii) that portion of Operation and Maintenance Expenses that are Required Capital Expenditures and (iii) Operation and Maintenance Expenses arising from and after the Project Completion Date or the completion date of an Expansion, as applicable, relating to expenditure on items that were, as of the Project Completion Date or the completion date of such Expansion, as applicable, outstanding or punch list items under the EPC Contract (T1/T2) or Expansion engineering, procurement and/or construction contract that are paid out of Senior Debt or Equity Funding.
Cash Flow Available for Debt Service means, as of any Determination Date and in respect of the Determination Period ending on such Determination Date, the aggregate on a Consolidated Basis of the Borrower’s and its Subsidiaries’ (determined without duplication): (i) Net Cash Flow from Operations, plus (ii) Capitalized Research & Development, plus (iii) interest from the Right Use of Assets, plus (iv) interest on Debt, including any Additional Interest and fees, plus (v) any financial expense to the extent it has been deducted in determining Net Cash flow from Operations, minus (vi) Cash Flow from Financing Activities, plus (vii) Capital Contributions, minus (viii) Dividends, minus (ix) any other financial outflows other than Debt related amortization, interest and fees.
Cash Flow Available for Debt Service means, for any applicable period, the amount of all Project Revenues received during such period but excluding (a) net amounts received under Permitted Swap Agreements, Net Available Amounts, proceeds of Permitted Indebtedness, contributions to capital and other extraordinary revenue items and (b) dispositions outside the ordinary course of business minus the amount of all Operation and Maintenance Expenses (exclusive, in each case, of all non-cash items).
Cash Flow Available for Debt Service means, for any calculation period with respect to the Project Company, all revenues resulting from the receipt of a cash payment during such period less all cash expenses and costs (including all cash operating expenses and capitalized costs related to the routine and scheduled maintenance necessary for the continued operation of the Facility); provided that, for sake of clarity any Debt Service or taxes paid in cash during such period shall not be deducted from revenues for purposes of calculating Cash Flow Available for Debt Service.