Examples of Cash Flow Positive in a sentence
If either (a) HLTT gives notice of Abandonment to PTG that is not followed by a Reversion or (b) within three years after commencement of a Reversion, HWC has not achieved a Cash Flow Positive period at any time, then at any time thereafter (if but only if HWC has not at any time achieved a Cash Flow Positive period) either HLTT or PTG (the “Offeror”) may give written notice to the other (the “Recipient”) of a “Buyout”.
If within three years after commencement of the Reversion, HWC achieves Cash Flow Positive, as defined above, then HLTT will assign t PTG that number of shares of HWC common stock as will cause the ratio of common stock owned by PTG (excluding common stock issued on conversion of Series A Preferred Stock) to common stock owned by HLTT to equal the ratio of PTG’s capital contributions to HWC to HLTT’s capital contributions to HWC.
The Company shall pay Interest in cash by wire transfer of immediately available funds; provided, however, that prior to the date on which the Company becomes Cash Flow Positive, it may, in lieu of paying interest in cash on any Scheduled Interest Payment Date, pay interest “in kind” (a “PIK Amount”), which shall be capitalized and added on each Scheduled Interest Payment Date to the then outstanding principal amount of this Note.
Except as described in this Agreement to the contrary, Aon shall not request the payment of any amounts in the Credit Bank Account until after the earlier to occur of (1) a North American Cash Flow Positive Event (a “Cash Flow Trigger”) or (2) the third anniversary of the Effective Date of this Agreement (the “Three Year Anniversary Trigger”).
For purposes of this Section 8.1(r), the Company shall be considered Cash Flow Positive for a fiscal quarter when its operating income less capital expenditures less working capital is greater than $0, and the Company shall be considered to have Close Cash Flow Visibility if it appears that the Company will become Cash Flow Positive in the following fiscal quarter.