Cash Flow Threshold definition

Cash Flow Threshold means $14,876,448.00.
Sample 1Sample 2
Cash Flow Threshold means $17,900,000.00; provided, however, in connection with a release and/or substitution of an Individual Property in accordance with the terms hereof, Cash Flow Threshold shall be recalculated so as to equal the aggregate of (i) with respect to Individual Properties that were subject to the Lien of a Security Instrument on the Closing Date eight-five percent (85%) of the Adjusted Net Operating Income (as defined in the Mortgage Loan Agreement) of each such Individual Property for the twelve (12) month period preceding the Closing Date as indicated on Schedule XIII attached to the Mortgage Loan Agreement and (ii) with respect to Individual Properties that were not subject to the Lien of a Security Instrument on the Closing Date, eight-five percent (85%) of the Adjusted Net Operating Income of each such Individual Property for the most recently available twelve (12) month period preceding the date of the calculation..
Sample 1Sample 2
Cash Flow Threshold is $309,000,000.00. The Cash Flow Threshold may be adjusted by the Board of Directors of the Company to incorporate anticipated increases in Cash Flow resulting from the expansion of the Company's business through acquisition of any other business by the Company or Texas Bottling Group, Inc. or conversely to incorporate decreases in cash flow resulting from divestiture or significant increases in expenditures not foreseeable on the effective date of this Agreement. Any change in the Cash Flow Threshold must be approved by the Board of Directors of the Company prior to the end of the Performance Period. The Board of Directors of the Company is not required to make any adjustment in the Cash Flow Threshold, but may take such action in its sole discretion. Any such change in the Cash Flow Threshold will be effected by written notice to Manager prior to the end of the Performance Period setting forth the amended Cash Flow Threshold.
Sample 1

Examples of Cash Flow Threshold in a sentence

  • If the Free Cash Flow Threshold Target is not achieved, no percentage of Free Cash Flow Target RSUs will become vested or earned and such portion of the Performance RSUs shall be immediately forfeited without consideration.

  • If the Free Cash Flow Threshold Target is met, the number of Earned Free Cash Flow Performance RSUs shall be determined as follows: If the Free Cash Flow Achievement is at least equal to: Then the Free Cash Flow Performance Factor is: 85% 50% 90% 90% 100% 100% 105% 105% 110% 110% 115% 155% 120% 200% If the Free Cash Flow Achievement percentage falls between two percentages set forth above, the Free Cash Flow Performance Factor shall be interpolated on a linear basis.

  • If the Change of Ownership occurs during the Performance Period, the Award Payable will be determined using an amended Cash Flow Threshold which proportionally adjusts the factors to be utilized in calculating the Award Payable.

  • Subject to the Company’s achievement of the Free Cash Flow Threshold Target, the number of Performance RSUs that will become vested and earned hereunder shall be equal to the product of (x) the number of Free Cash Flow Target RSUs and (y) the Free Cash Flow Performance Factor (as set forth in the table below) (such number of vested RSUs, the “Earned Free Cash Flow Performance RSUs”).

  • The Performance Portion shall be 0% of the Stock Units if neither the Earnings Threshold nor the Operating Cash Flow Threshold is attained over the Performance Period.

  • Subject to reduction pursuant to subsection (iii) below, if the Earnings Threshold or the Operating Cash Flow Threshold has been attained over the Performance Period, the Performance Portion shall be 100% of the Stock Units.

  • In its sole discretion, the Board may adjust the Cash Flow Threshold for a Performance Period to incorporate anticipated increases in cash flow from after-acquired operations or significant decreases in cash flow resulting from divestitures or from significant and unforeseen increases in expenses without the consent of any Participant.

  • If Cumulative Free Cash Flow equals the Free Cash Flow Threshold Amount, the amount payable in respect of each outstanding Incentive Award shall be equal to the product of (A) the Vested Percentage of such Incentive Award, multiplied by (B) the Target Amount of such Incentive Award, multiplied by (C) 50%.

  • For each Performance Period, the Board of Directors will establish a minimum level of cumulative cash flow (the "Cash Flow Threshold") for the Bottling Operations which must be achieved before any portion of the Award will be paid, and a formula (the "Award Formula") for determining the percentage, in a range from 50% to 150%, of the Award to be paid to each Participant (the "Award Payable") based on the Actual Cash Flow (defined below) in excess of the Cash Flow Threshold.

  • The Committee shall consider in good faith adjusting the Free Cash Flow Threshold Amount, Free Cash Flow Target Amount or Free Cash Flow Stretch Goal to reflect any capital expenditures for initiatives approved by the Board.


More Definitions of Cash Flow Threshold

Cash Flow Threshold means any negative effects, that either individually or when considered in the aggregate together with other such effects, exceed One Million Five Hundred Thousand Dollars ($1,500,000) on the Company's cash flow, excluding any Transaction Accounting Charge, as determined by comparing (i) the Company's audited Financial Statements for the year ended December 31, 2002 against the Company's unaudited financial statements for the same period (including any related notes and schedules) or (ii) the Company's actual cash flow for the period from January 1, 2003 through the Closing to the Company's projected cash flow for the same period (pursuant to projections furnished to the Investors on the date hereof) (including any related notes and schedules).
Sample 1
Cash Flow Threshold means $17,900,000.00; provided, however, in connection with a release and/or substitution of an Individual Property in accordance with the terms hereof, Cash Flow Threshold shall be recalculated so as to equal the aggregate of (i) with respect to Individual Properties that were subject to the Lien of a Security Instrument on the Closing Date eight-five percent (85%) of the Adjusted Net Operating Income of each such Individual Property for the twelve (12) month period preceding the Closing Date as indicated on Schedule XIII attached hereto and made a part hereof and (ii) with respect to Individual Properties that were not subject to the Lien of a Security Instrument on the Closing Date, eight-five percent (85%) of the Adjusted Net Operating Income of each such Individual Property for the most recently available twelve (12) month period preceding the date of the calculation.
Sample 1

Related to Cash Flow Threshold

  • 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.

  • Adjusted Cash Flow for any fiscal year shall mean Consolidated Net Income of the Borrower for such fiscal year (after provision for taxes) plus the amount of all net non-cash charges (including, without limitation, depreciation, deferred tax expense, non-cash interest expense, amortization and other non-cash charges) that were deducted in arriving at such Consolidated Net Income for such fiscal year, minus the amount of all non-cash gains and gains from sales of assets (other than sales of inventory and equipment in the normal course of business) that were added in arriving at such Consolidated Net Income for such fiscal year.

  • 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.

  • Cumulative Excess Cash Flow means the sum of Excess Cash Flow (but not less than zero in any period) for the fiscal year ending on December 31, 2013 and Excess Cash Flow for each succeeding completed fiscal year.

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • Cash Flow Leverage Ratio means, as of any time the same is to be determined, the ratio of (a) Funded Debt as of the last day of the most recent four fiscal quarters of the Company then ended minus Excess Cash as of the last day of the same such period to (b) EBITDA for the same most recent four fiscal quarters then ended.

  • Excess Cash Flow Period means each fiscal year of the Borrower, commencing with the fiscal year of the Borrower ending on December 31, 2016.

  • Adjusted Operating Cash Flow means the net cash provided by operating activities of the Company as reported in the Company’s consolidated statements of cash flows included in its Annual Report on Form 10-K, adjusted to eliminate the effect on operating cash flows of net customer financing cash flows, as reported in the Company’s consolidated statements of cash flows included in its Annual Report on Form 10-K.

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

  • Net Cash Flow means, for any period, the amount obtained by subtracting Operating Expenses and Capital Expenditures for such period from Gross Income from Operations for such period.

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

  • Stated Threshold means total losses under the shared loss agreements in the amount of $110,000,000.00.

  • 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.

  • 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.

  • Bid threshold means the dollar amount set in N.J.S.A. 18A:18A-3, above which a Board shall advertise for and receive sealed bids in accordance with procedures set forth in N.J.S.A. 18A:18A-1 et seq.

  • Cumulative EBITDA means, as of any date of determination, EBITDA of the Company from the Existing Notes Issue Date to the end of the Company’s most recently ended full fiscal quarter prior to such date, taken as a single accounting period.

  • 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 Cash Flow For any Distribution Date the amount remaining for distribution pursuant to subsection 4.02(a)(iii) (before giving effect to distributions pursuant to such subsection).

  • Adjusted Operating Income for each year in the Performance Period is defined as the Company’s net income from continuing operations as reported in the Company’s financial statements (including accompanying footnotes and management’s discussion and analysis), adjusted as set forth in the immediately following sentence. In calculating Adjusted Operating Income, net income from continuing operations shall be adjusted as follows: first (A) remove the after-tax effects of the following items: (i) losses (net of reinsurance) from catastrophes (as designated by the Insurance Service Office’s Property Claims Service Group, the Lloyd’s Claim Office, Swiss Reinsurance Company’s sigma report, or a comparable report or organization generally recognized by the insurance industry, and reported by the Company as a catastrophe); asbestos and environmental reserve charges (or releases); net realized investment gains or losses in the fixed maturities and real estate portfolios; and (ii) extraordinary items, the cumulative effect of accounting changes and federal income tax rate changes, and restructuring charges, each as defined by generally accepted accounting principles in the United States, and each as reported in the Company’s financial statements (including accompanying footnotes and management’s discussion and analysis); (B) reduced, as to the first year in the Performance Period (20XX), by $XXXXXX, as to the second year in the Performance Period (20XX), by $XXXXXX times the ratio of: the Company’s 20XX consolidated personal lines homeowners net written premium plus commercial lines property net written premium plus 50% of commercial lines multi peril net written premium divided by the Company’s 20XX consolidated personal lines homeowners net written premium plus commercial lines property net written premium plus 50% of commercial lines multi peril net written premium, and as to the third year in the Performance Period (20XX), by $XXXXXX times the ratio of: the Company’s 20XX consolidated personal lines homeowners net written premium plus commercial lines property net written premium plus 50% of commercial lines multi peril net written premium divided by the Company’s 20XX consolidated personal lines homeowners net written premium plus commercial lines property net written premium plus 50% of commercial lines multi peril net written premium; and (C) reduced by an amount intended, as of the date of this award, to approximate historical levels of credit losses (on an after-tax basis) associated with the Company’s fixed income investments, determined by (i) multiplying a fixed factor, expressed as 2.25 basis points, by the amortized cost of the Company’s fixed maturity investment portfolio at the beginning of each quarter during the relevant year in the Performance Period and (ii) adding the after-tax sum of the amounts resulting from (i) for such year in the Performance Period.

  • 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.

  • Annualized Operating Cash Flow means, for any fiscal quarter, the Operating Cash Flow for such fiscal quarter multiplied by four.

  • 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.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Net Working Capital Target means $0.00.