Cash Flow Payment definition

Cash Flow Payment shall have the meaning provided in Section 2.03(A)(c)(iii).
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Cash Flow Payment means the payments by the Borrowers to each Holder of an Allowed General Unsecured Claim (as defined in the Plan of Reorganization) as described on Exhibit D (Cash Flow Payment Term Sheet) to the Plan of Reorganization.
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Cash Flow Payment has the meaning set forth in Section 7.04(d).
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Examples of Cash Flow Payment in a sentence

  • The first Excess Cash Flow Payment Amount shall be paid within 30 days of the delivery of the quarterly financials for the fiscal quarter ending in February 2017.

  • Any change or new conditions in the permit shall include a reasonable time schedule for compliance.(c) When it can be demonstrated that circumstances exist which would create an unreasonable burden on the person to comply with the time schedule imposed, a request for extension of time maybe presented for consideration of the Village Board.(5) TRANSFER OF A PERMIT.

  • Sand and coral in 14 metres at 03°09.58N 106° 19.86E There is enough room to anchor between coral outcrops.

  • Notwithstanding the foregoing, the requirement to make an Excess Cash Flow Payment for any fiscal quarter shall not apply if Borrower’s Owner’s Equity is greater than or equal to sixty percent (60%), but will be reinstated if Owner’s Equity falls below sixty percent (60%), in each case measured for such fiscal quarter or year end, as the case may be.

  • The Excess Cash Flow Payment shall be applied by the Lender to the reduction of the outstanding principal balance of the Term Loan.

  • Each Excess Cash Flow Payment made shall be applied first to the reduction of the outstanding principal of any variable rate Term Loan and then to the reduction of the outstanding principal balance of the Term Revolving Loan.

  • In addition to all other payments of principal and interest required under this Section and under this Agreement, the Borrower shall annually remit to Lender the Excess Cash Flow Payment pursuant to Section 2.17.

  • No Excess Cash Flow Payment shall constitute a prepayment with respect to which a prepayment fee under this Agreement is required to be paid.

  • If the payment of any Excess Cash Flow Payment would result in a Default or an Event of Default under this Agreement, then that Excess Cash Flow Payment required to be paid for that year shall be reduced by an amount necessary to permit a payment, if any, that would not result in a Default or Event of Default under this Agreement.

  • Any Excess Cash Flow Payment or any other payment from Excess Cash Flow shall not constitute a prepayment with respect to which a prepayment fee under Section 2.10 of the MLA is required to be paid.


More Definitions of Cash Flow Payment

Cash Flow Payment means 77.091% of Easton's EBITDA during the fiscal quarter preceding the fiscal quarter for which the Cash Flow Payment is measured; provided, however, that for the first three Regularly Scheduled Payment Dates the Cash Flow Payment means 77.091% of three times Easton's EBITDA during the month preceding the Regularly Scheduled Payment Date. "Payment Ceiling" means the Note Payment, provided that (1) if the Cash Flow Payment was used to determine a Quarterly Payment Amount, the Payment Ceiling for subsequent Quarterly Payment Amount determinations will be increased by the amount, if any, that the Note Payment exceeded the Cash Flow Payment for such Quarterly Payment Amount, but only if there is a positive balance of the Unused EBITDA and (2) the Payment Ceiling will be decreased by the amount of any Used EBITDA. "Note Payment" means $_________ per fiscal quarter. "Unused EBITDA" means 96.364% of (a) the sum of the EBITDA for all complete fiscal quarters since January 1, 2003; minus (b) the number of complete fiscal quarters since January 1, 2003 multiplied by $208,992; minus (c) any Used EBITDA. "Used EBITDA" means sum of the amounts, if any, by which any Quarterly Payment Amount exceeds the Note Payment. On and after the first Regularly Scheduled Payment date after any adjustment to the face value of this Note pursuant to Section 2.3.1 of the Purchase Agreement, the remaining outstanding principal of this Note (after giving effect to such adjustment) and accrued interest thereon will be amortized and paid in equal monthly installments over a 30 month period commencing on the date of such adjustment. EXAMPLE: FOR FIRST QUARTER 2003: Assume that during December, 2002, the Company's EBITDA is $75,000. This will result in a Cash Flow Payment as calculated in January, 2003, of $173,454.75 ($75,000 multiplied by 3 multiplied by 77.091%). Meanwhile, the Payment Ceiling will not increase because there have not been any payments where the Cash Flow Payment was less than the Note Payment and because Unused EBITDA only includes complete fiscal quarters after January 1, 2003. Because the Payment Ceiling (which will be equal to the Note Payment) is less than the Cash Flow Payment, the payment for January, 2003, will be one-third of the Payment Ceiling. (If instead the Cash Flow Payment were less than the Note Payment, the payment for January, 2003, would be equal to one-third of the Cash Flow Payment, but there would be no adjustment to Unused EBITDA or the Payment Cei...
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Cash Flow Payment means, for any Cash Flow Payment Date, an amount equal to fifty percent (50%) of Borrower’s Cash Flow for the fiscal quarter ending as of such Cash Flow Payment Date; (b) the term “Cash Flow” means, for any period, the net earnings (or loss) after taxes of Borrower for such period determined in accordance with GAAP (“Net Income”), plus all non-cash items reducing Net Income, minus all non-cash items increasing Net Income; provided, however, that if, for any period, such amount is less than zero, then Cash Flow for such period shall be equal to zero; (c) the term “Fair Market Value” means, as of a particular date, (i) if the Common Stock is traded on a national securities exchange, the average closing sales price reported for the immediately preceding ten days, (ii) if the Common Stock is traded on the OTC Bulletin Board, the mean of the average closing bid price and the average closing ask price reported for the immediately preceding ten days, or (iii)
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Cash Flow Payment shall have the meaning set forth in Section 1.8 hereof." "CRESCENT SALE: shall have the meaning set forth in Section 7.1(n) hereof." "EXCLUDED ITEMS: shall have the meaning set forth in Section 1.2(c)." "GE SALE: shall have the meaning set forth in Section 6.1 hereof." "FAIRLANE: shall have the meaning set forth in Section 6.1(o) hereof." "FAIRLANE SALE: shall have the meaning set forth in Section 6.1(n) hereof." "MATURITY DATE: shall have the meaning set forth in subsection 1.5(b) hereof." "NET FREE CASH FLOW: shall have the meaning set forth in Section 1.8(b) hereof." "NON-OWNED EXCLUDED ITEM shall have the meaning set forth in subsection 1.2 hereof." "NUVELL SALE: shall have the meaning set forth in Section 6.1(n) hereof." "PASS THROUGH SALE: shall have the meaning set forth in Section 6.1(o) hereof." "PENS: shall have the meaning set forth in Section 6.5 hereof." "RISRS: shall have the meaning set forth in Section 6.5 hereof." "STANWICH SUBORDINATED DEBT: shall have the meaning set forth in Section 6.5 hereof."
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Cash Flow Payment means, for any Cash Flow Payment Date, an amount equal to fifty percent (50%) of Borrower’s Cash Flow for the fiscal quarter ending as of such Cash Flow Payment Date; (b) the term “Cash Flow” means, for any period, the net earnings (or loss) after taxes of Borrower for such period determined in accordance with GAAP (“Net Income”), plus all non-cash items reducing Net Income, minus all non-cash items increasing Net Income; provided, however, that if, for any period, such amount is less than zero, then Cash Flow for such period shall be equal to zero; and (c) the term “Net Proceeds” means with respect to any sale or disposition of property or assets (tangible or intangible) (an “asset disposition”), the gross proceeds, whether received in cash or otherwise, received, on or after the date of consummation of such asset disposition, by Borrower from such asset disposition, after payment of all usual and customary brokerage commissions and all other reasonable fees and expenses related to such asset disposition (including, without limitation, reasonable attorneys’ fees and closing costs and reasonable environmental remediation costs incurred in connection with such asset disposition).
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Cash Flow Payment shall have the meaning set forth in Section 1.8 hereof."
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Related to Cash Flow Payment

  • Excess Cash Flow Payment Date means the date occurring 90 days after the last day of a fiscal year of the Parent (commencing with its fiscal year ending December 31, 2000).

  • Excess Cash Flow Payment Period with respect to the prepayment required on each Excess Cash Flow Application Date, the immediately preceding fiscal year of the Borrower.

  • Excess Cash Flow means, for any period, an amount equal to the excess of:

  • Cash Flow Coverage Ratio means, for any period, the ratio of (i) Adjusted Parent Operating Cash Flow for such period to (ii) Corporate Charges for such period.

  • Monthly Excess Cashflow For any Distribution Date, an amount equal to the sum of the Monthly Excess Interest and Overcollateralization Release Amount, if any, for such date.

  • Excess Cash Flow Percentage 50%; provided that the Excess Cash Flow Percentage shall be reduced to (a) 25% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 3.75 to 1.00 and (b) to 0% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 2.25 to 1.00.

  • Cash Flow Distribution Amount As to any calendar month, the aggregate amount of principal distributable in respect of the Mortgage Securities in such calendar month.

  • Retained Excess Cash Flow Amount means, at any date of determination, an amount, determined on a cumulative basis, that is equal to the aggregate cumulative sum of the Excess Cash Flow that is not required to be applied as a mandatory prepayment under Section 2.11(b)(i) for all Excess Cash Flow Periods ending after the Closing Date and prior to such date; provided that such amount shall not be less than zero for any Excess Cash Flow Period.

  • Net Monthly Excess Cashflow With respect to each Distribution Date, the sum of (a) any Overcollateralization Release Amount for such Distribution Date and (b) the excess of (x) Available Funds for such Distribution Date over (y) the sum for such Distribution Date of (A) the Monthly Interest Distributable Amounts for the Class A Certificates and the Mezzanine Certificates, (B) the Unpaid Interest Shortfall Amounts for the Class A Certificates and (C) the Principal Remittance Amount.

  • Operating Cash Flow means the Company’s or a business unit’s sum of Net Income plus depreciation and amortization less capital expenditures plus changes in working capital comprised of accounts receivable, inventories, other current assets, trade accounts payable, accrued expenses, product warranty, advance payments from customers and long-term accrued expenses, determined in accordance with generally acceptable accounting principles.

  • Net Loss Proceeds means the aggregate cash proceeds received by the Company or any of its Restricted Subsidiaries in respect of any Event of Loss, including, without limitation, insurance proceeds, condemnation awards or damages awarded by any judgment, net of:

  • Required Reserve Fund Amount With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds (ii) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. Provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of LIBOR Certificates has been reduced to zero, the Required Reserve Fund Amount shall be zero.

  • Cash Flow mean net income after taxes, and exclusive of extraordinary gains and income, plus depreciation and amortization.

  • Recourse Amount Has the meaning specified in Section 17.10 of the Participation Agreement.

  • Excess Cash Flow Application Date as defined in Section 2.12(c).

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • Cash Flow from Operations means net cash funds provided from operations, exclusive of Cash from Sales or Refinancing, of the Company or investment of any Company funds, without deduction for depreciation, but after deducting cash funds used to pay or establish a reserve for expenses, debt payments, capital improvements, and replacements and for such other items as the Board of Directors reasonably determines to be necessary or appropriate and subject to Loan Conditions.

  • Excess Cash Flow Period means each fiscal year of the Borrower commencing with and including the fiscal year ending December 31, 2018.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Consolidated Excess Cash Flow means, for any period, an amount (if positive) equal to: (a) the sum, without duplication, of the amounts for such period of (i) Consolidated Net Income, plus, (ii) to the extent reducing Consolidated Net Income, the sum, without duplication, of amounts for non-cash charges reducing Consolidated Net Income, including for depreciation and amortization (excluding any such non-cash charge to the extent that it represents an accrual or reserve for a potential cash charge in any future period or amortization of a prepaid cash charge that was paid in a prior period), plus (iii) the Consolidated Working Capital Adjustment, minus (b) the sum, without duplication, of (i) the amounts for such period paid in cash by Holdings and its Subsidiaries from operating cash flow (and not already reducing Consolidated Net Income) of (1) scheduled repayments (but not optional or mandatory prepayments) of Indebtedness for borrowed money of Holdings and its Subsidiaries (excluding scheduled repayments of Revolving Credit Loans or Swing Line Loans (or other loans which by their terms may be re-borrowed if prepaid) except to the extent the Revolving Credit Commitments (or commitments in respect of such other revolving loans) are permanently reduced in connection with such repayments) and scheduled repayments of obligations of Holdings and its Subsidiaries under Capital Leases (excluding any interest expense portion thereof), (2) Capital Expenditures, (3) payments of the type described in clause (g) of the definition of Consolidated EBITDA and (4) consideration in respect of Permitted Acquisitions plus (ii) other non-cash gains increasing Consolidated Net Income for such period (excluding any such non-cash gain to the extent it represents the reversal of an accrual or reserve for a potential cash gain in any prior period).

  • Cash Flow Ratio means, as at any date, the ratio of (a) the sum of the aggregate outstanding principal amount of all Indebtedness of the Company and the Restricted Subsidiaries determined on a consolidated basis, but excluding all Interest Swap Obligations entered into by the Company or any Restricted Subsidiary and one of the Banks outstanding on such date, plus (but without duplication of Indebtedness supported by letters of credit) the aggregate undrawn face amount of all letters of credit outstanding on such date to (b) Annualized Operating Cash Flow determined as at the last day of the most recent month for which financial information is available.

  • Excess Cashflow With respect to any Distribution Date, an amount, if any, equal to the sum of (a) the Remaining Excess Spread for such Distribution Date and (b) the Overcollateralization Release Amount for such Distribution Date.

  • Net Cash Flow means the gross cash proceeds to the Company from all sources, less the portion thereof used to pay or establish reserves for Company expenses, debt payments (including payments on Member Loans), capital improvements, replacements and contingencies, all as determined by the Member.

  • Cumulative Excess Cash Flow means the amount equal to the sum of Excess Cash Flow (but not less than zero for any Fiscal Year) for the Fiscal Year ending on December 31, 2022 and Excess Cash Flow (but not less than zero in any Fiscal Year) for each succeeding and completed Fiscal Year.

  • Cash Interest Coverage Ratio With respect to any Loan for any Relevant Test Period, either (a) the meaning of “Cash Interest Coverage Ratio” or comparable definition set forth in the Underlying Instruments for such Loan, or (b) in the case of any Loan with respect to which the related Underlying Instruments do not include a definition of “Cash Interest Coverage Ratio” or comparable definition, the ratio of (i) EBITDA to (ii) Cash Interest Expense of such Obligor with respect to the applicable Relevant Test Period, as calculated by the Borrower and Collateral Manager in good faith.