CASH FLOW REQUIREMENTS. Maintain Cash Flow at not less than the following level: 1.75 TO 1.00. Except as provided above, all computations made to determine compliance with the requirements contained in this paragraph shall be made in accordance with generally accepted accounting principles, applied on a consistent basis, and certified by Borrower as being true and correct.
CASH FLOW REQUIREMENTS shall collectively mean all Debt Service for a particular period and any other amounts payable to Lender hereunder or under the other Loan Documents for such period, or otherwise due and payable in respect of the ownership and operation of the Property during such period. Notwithstanding anything to the contrary contained herein, Borrower shall have no personal liability for losses suffered as a result of (1) the failure to timely pay Taxes, (2) the failure to obtain and maintain fully paid for Policies in accordance with Section 5.1 of this Agreement, (3) the failure to pay for labor or materials or other charges that actually create Liens on the Property or (4) the termination of the Franchise Agreement solely due to the Master Tenant’s failure to pay the franchise fees and other charges due under the Franchise Agreement so long as any such failure to pay arises during the continuance of a Cash Trap Period and Lender has not made funds available to Borrower or Master Tenant to pay the Taxes, Insurance Premiums, charges which result in Liens or franchise fees and other charges due under the Franchise Agreement, as the case may be. Notwithstanding anything to the contrary in this Agreement or any of the other Loan Documents, (A) Lender shall not be deemed to have waived any right which Lender may have under Section 506(a), 506(b), 1111(b) or any other provisions of the Bankruptcy Code to file a claim for the full amount of the Obligations or to require that all collateral shall continue to secure all of the Obligations owing to Lender in accordance with the Loan Documents and (B) the Obligations shall be fully recourse to Borrower in the event that any of the following occur:
CASH FLOW REQUIREMENTS. Maintain Cash Flow at not less than the following level: A RATIO OF 1.25 TO 1.00. THIS IS THE RATIO OF NET INCOME PLUS DEPRECIATION AND AMORTIZATION PLUS INTEREST EXPENSE, DIVIDED BY INTEREST PLUS DIVIDENDS. The following provisions shall apply for purposes of determining compliance with the foregoing financial covenants and ratios: DEBT WILL EXCLUDE NONRECOURSE DEBT AND SUBORDINATED DEBT. Except as provided above, all computations made to determine compliance with the requirements contained in this paragraph shall be made in accordance with generally accepted accounting principles, applied on a consistent basis, and certified by Borrower as being true and correct.
Examples of CASH FLOW REQUIREMENTS in a sentence
Comply with the following covenants and ratios: MINIMUM INCOME AND CASH FLOW REQUIREMENTS.
Vote: YES - 14; NO - 0 Governor Henry moved THAT THE BOARD OF GOVERNORS APPROVE THE TEMPORARY ADVANCE OF SYSTEM INVESTMENT FUNDS TO UNIVERSITIES, AS NEEDED, TO MEET THEIR CASH FLOW REQUIREMENTS UNTIL STATE APPROPRIATIONS ARE RECEIVED.
Maintain a minimum Tangible Net Worth of not less than: PERIOD AMOUNT ------ ------ AS OF 12/31/96 $550,000.00 CASH FLOW REQUIREMENTS.
Appendix ISUMMARY OF INDICATIVE BUDGET AND CASH FLOW REQUIREMENTS BY SECTOR AND PROGRAMME(US$ MIL.) * Excluding Recurrent Budget Financing projected at US$ 1,542.2 million in 2001/2, $1,608.4 million in 2002/2003 and $ 1,784.1 in 2003/4.
IN MAKING THIS STATEMENT, THE SUBSCRIBER CONSIDERS THAT THIS INVESTMENT IS A SUITABLE INVESTMENT AND CONSISTENT WITH THE INVESTMENT PURPOSES, OBJECTIVES AND CASH FLOW REQUIREMENTS OF THE SUBSCRIBER AND WILL NOT ADVERSELY AFFECT THE SUBSCRIBER'S OVERALL NEED FOR DIVERSIFICATION AND LIQUIDITY.
More Definitions of CASH FLOW REQUIREMENTS
CASH FLOW REQUIREMENTS shall collectively mean all Debt Service for a particular period and any other amounts payable to Lender hereunder or under the other Loan Documents for such period, or otherwise due and payable in respect of the ownership and operation of the Property during such period. Notwithstanding anything to the contrary contained herein, Guarantor shall have no personal liability for losses suffered as a result of (1) the failure to timely pay Taxes, (2) the failure to obtain and maintain fully paid for Policies in accordance with Section 5.1 of the Loan Agreement, (3) the failure to pay for labor or materials or other charges that actually create Liens on the Property or (4) the termination of the Franchise Agreement solely due to the Master Tenant’s failure to pay the franchise fees and other charges due under the Franchise Agreement so long as any such failure to pay arises during the continuance of a Cash Trap Period and Lender has not made funds available to Borrower or Master Tenant to pay the Taxes, Insurance Premiums, charges which result in Liens or franchise fees and other charges due under the Franchise Agreement, as the case may be.
CASH FLOW REQUIREMENTS has the meaning assigned in Section 7.13.
CASH FLOW REQUIREMENTS. Maintain Cash Flow at not less than the following level: 1.25 to 1.00 defined as follows: (Earnings before Interest, Depreciation, Amortization - unfunded Capital Expenditures) divided by (Current Portion Long Term Debt plus interest plus Capital Expenditures plus Lease). This definition shall supersede any in consistent definitions in this agreement. Except as provided above, all computations made to determine compliance with the requirements contained in this paragraph shall be made in accordance with generally accepted accounting principles, applied on a consistent basis, and certified by Borrower as being true and correct.
CASH FLOW REQUIREMENTS means the requirements, if any, set forth in a Series Indenture or Supplemental Indenture, applicable to all or any of the Bonds.
CASH FLOW REQUIREMENTS has the meaning assigned in Section 7.13. “Cash Sweep Threshold” means (i) prior to MONTH 25], 7.00%, (ii) on or after but * 1, 20 [FIRST DAY OF MONTH 49], * 1, 20 [FIRST DAY OF MONTH 49], prior to 8.00%.
CASH FLOW REQUIREMENTS. Maintain Cash Flow at not less than the following level: RATIO OF 1.50 TO 1.00 DEFINED AS: EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND AMORTIZATION DIVIDED BY INTEREST PLUS DIVIDENDS.
CASH FLOW REQUIREMENTS and definition of "cash flow" set forth on page 4 of the Loan Agreement is hereby amended and replaced as follows: