Cash Flow Deficiency definition

Cash Flow Deficiency means an amount equal to the difference between (a) the amounts on deposit in the Bond Fund on the determination date, after taking into account investment earnings required to be transferred to the Bond Fund pursuant to Section 6.06, but excluding unscheduled transfers from any other Fund or Account, and (b) the amount required in order to make the payments, deposits or transfers due on or before the next Bond Payment Date pursuant to Section 5.02(a)(ii)(A) through (F) and (K) (provided that the Issuer has requested payment for extraordinary expenses and stated the amount thereof) or Section 5.02(b)(ii)(A) through (G), as the case may be, and amounts due as principal of and interest on the Subordinate Bonds on the tenth day of any preceding month.

Cash Flow Deficiency means, for any Remittance Date, the amount (if any) by which (i) the total of all amounts due to Buyer, its Affiliates and Custodian under Sections 5(c)(i)-(iv), 5(d)(i)-(v) or 5(e)(i)-(iv), as applicable, as of such Remittance Date exceed (ii) the aggregate amount of Available Income (including Principal Payments) received by Buyer or Depository in respect of all of the Purchased Loans during such Collection Period.

Cash Flow Deficiency means, at any time, the Board’s good faith determination that the Company, absent an infusion of funds, is not reasonably likely to be able to meet its cash obligations in the ordinary course of business as they become due at any point over the subsequent 12 months (taking into account the Company’s customary practice with respect to payment).

Examples of Cash Flow Deficiency in a sentence

• On the sixteenth day of each month (or the next Business day if such day is not a Business day), calculate the Cash Flow Deficiency in the Bond Fund, if any, as of the date of such calculation.

• If any Series Seller shall fail to pay the portion of the Cash Flow Deficiency due from such Series Seller within one (1) Business Day after such Remittance Date, such failure shall constitute a Transaction Event of Default with respect to the Transaction(s) to which each such Series Seller is a party.

• Once these newly contracted vessels start delivering to the market it will slowly, once again, become oversupplied and earnings will hit another trough – we are back where the cycle started.

• For the avoidance of doubt, this Section 4.2 shall apply if there is a Credit Agreement Default and/or a Cash Flow Deficiency, without requiring the occurrence of both a Credit Agreement Default and a Cash Flow Deficiency.

• On the second day of IK tows, the deflector elbow that fitted over the forward port side A/C outflow was damaged and began producing a large foam wake across the water and forward of the net mouth.

More Definitions of Cash Flow Deficiency

Cash Flow Deficiency means where the Partnership has negative Net Cash Receipts;

Cash Flow Deficiency means, with respect to any Purchased Loan as of any Remittance Date, the amount (if any) by which (i) the total of all amounts due to Buyer, its Affiliates and Custodian under Sections 5(c)(i)-(iv), 5(d)(i)-(v) or 5(e), as applicable, in respect of such Purchased Loan as of such Remittance Date exceed (ii) the amount of Available Income (including Principal Payments) received by Buyer or Depository in respect of all the Purchased Loans during such Collection Period.

Cash Flow Deficiency means an amount equal to the difference between (a) the amounts on deposit in the Bond Fund on the determination date, after taking into account investment earnings required to be transferred to the Bond Fund pursuant to Section 6.06, but

Cash Flow Deficiency in Section 2(a) of the Repurchase Agreement is hereby amended by deleting: “or 5(f)(i)-(v)” in the third (3rd) line thereof and inserting the word “or” before “5(e)(i)-(v)” in the third (3rd) line thereof.

Cash Flow Deficiency means and shall exist at any time when the Leverage Ratio of the Borrower, on a consolidated basis, is 2.5 or greater.

Cash Flow Deficiency shall exist at any time when the Leverage Ratio of the Borrower, on a consolidated basis, is 2.5 or greater. "Leverage Ratio" means the ratio of (i) Consolidated Funded Debt to (ii)

Cash Flow Deficiency shall exist at any time when the Leverage Ratio of the Xxxxxx Xxxxx & Company, on a consolidated basis, is 2.5 or greater, as more fully described in the Loan Documents referenced below. Principal hereunder shall be payable in seven consecutive annual installments of [U.S. $__________] each on the 30th day of each September beginning _________. [the amount of the annual installments and the beginning date of payment of the annual installments should be the same as under the employee's existing Note] This Note shall mature on September 30, 200[__] [the maturity date should be the same as under the employee's existing Note] (the "Maturity Date"); PROVIDED however, that in the event the undersigned is terminated (whether voluntary or involuntary) from Xxxxxx Xxxxx & Company Holdings or any of its subsidiaries or affiliates (such termination is, hereinafter, a "Termination"), the undersigned shall prepay this Note in the amounts and on the dates set forth below: