Cash Flow Test definition

Cash Flow Test has the meaning as set forth in the definition of “Permitted Additional Indebtedness”.
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Cash Flow Test means a calculation by Grantor performed subsequent to the Initial Trust Deposit of the projected cash flows to be generated by the Investments then held in the Trust demonstrating that on the Maturity Date the value of the Investments will be not less than 102% of the Maturity Amount, or not less than 100% of the Maturity Amount if all investments held in the Trust are U.S.
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Cash Flow Test means, for any date or any particular calculation period, that (A) EBITDA for the two consecutive fiscal quarters ending on the date of the last financial statements delivered in accordance with Section 5.01(a) multiplied by a factor of two (2), is at least equal to (B) the total regularly scheduled principal and interest on Indebtedness outstanding on the date of such calculation (other than Indebtedness described in clauses (g), (k) and (l) of
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Examples of Cash Flow Test in a sentence

  • Notwithstanding anything contained herein to the contrary, no Officer's Certificate delivered by the Company to any Holder regarding a Free Cash Flow Test Failure shall contain any material non-public information.

  • A determination of the Cash Flow Test shall occur at 11:59:59 p.m. (Pacific time) on the sixty (60) day anniversary of October 1, 2011, and each sixtieth (60th) day thereafter.

  • Notwithstanding the foregoing, if the Cash Flow Test is not met for the year immediately preceding the year in which any such termination occurs, the Participant’s first installment payment will be delayed and will continue to be held in the Participant’s Bonus Bank, without interest, until the second installment payment is due, at which time the first and second installment payments will be paid to the Participant.

  • Notwithstanding the foregoing, if the Cash Flow Test is not met for the year immediately preceding the year in which any such termination occurs, the payment described in this Section 4.3(b)(iii) will be delayed and will continue to be held in the Participant's Bonus Bank, without interest, until the next-following August 1, at which time it will be paid to the Participant.

  • The Trustee shall be entitled to reasonable compensation, paid from the Trust as directed by the Grantor for its services hereunder as agreed upon in writing from time to time with the Grantor (so long as the Investments remaining in the Trust after the proposed transfer meet the Cash Flow Test as demonstrated by evidence satisfactory to the Trustee and WestRock that the Investments remaining in the Trust after giving effect to the proposed transfer will meet the Cash Flow Test).

  • All distributions are strictly subject to satisfaction of the EPP Cash Flow Test as described in the EPP.

  • Cash Flow Test The Cash Flow Test focuses on whether or not Delta Apparel should be able to repay its debts as they become absolute and mature (including the debts incurred in the Transaction).

  • Notwithstanding anything contained herein to the contrary, no Officer’s Certificate delivered by the Company to any Holder regarding a Free Cash Flow Test Failure shall contain any material non-public information.

  • The Cash Flow Test focuses on whether or not Duck Head should be able to repay its debts as they become absolute and mature (including the debts incurred in the Transaction).

  • A determination of the Cash Flow Test shall occur at 11:59:59 p.m. (Eastern time) on the ninety (90) day anniversary of December 1, 2011, and each ninetieth (90th) day thereafter.


More Definitions of Cash Flow Test

Cash Flow Test is defined as an amount equal to the projected net cash flow (based upon the most recent Engineering Reserve Report of the Mortgaged Properties), less taxes, Lease Operating Costs, and General and Administrative Expenses, and other expenses which would fully amortize the principal balance due under the Note on a monthly basis within the economic half-life of the Mortgaged Properties, as determined in the sole and absolute discretion of Lender.
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Related to Cash Flow Test

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

  • 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.

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

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

  • 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.

  • Free Cash Flow means, for any Person for any period, EBITDA plus cash interest income of such Person for such period, less income taxes, Capital Expenditures and Investments (to the extent made in compliance with this Agreement), Scheduled Debt Service (if any) and variations in working capital made in the ordinary course of business, with respect to such period.