Cash Losses definition

Cash Losses has the meaning set forth in the Financial Definitions Exhibit.
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Cash Losses is hereby amended to read as follows: Borrower shall not have an Adjusted Net Loss (as defined therein) in any fiscal quarter greater than: $5,500,000 for the quarter ended March 31, 2001; $5,000,000 for the quarter ended June 30, 2001; $4,500,000 for the quarter ended September 30, 2001; $1,500,000 for the quarter ended December 31, 2001; and $1,000,000 for the quarter ended March 31, 2002, and thereafter
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Cash Losses means the amount, if any, by which the aggregate costs incurred by Buyer from and after Closing for third party employees and procurements on a Pending Project exceeds revenues allocated to Buyer on such Pending Project. Revenues and expenses on turn-key or lump sum contracts will be allocated on a percentage of completion basis, and revenues and expenses on day rate contracts will be allocated on the actual number of days before and after Closing. Buyer shall notify Sellers in writing if Buyer incurs over $1,000,000 of Cash Losses on any Pending Project, with such notice to include reasonable documentation of the costs incurred sufficient for Sellers to confirm the amount of Cash Losses.
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Examples of Cash Losses in a sentence

  • In the event the Star Termination Election has not been delivered prior to 1 December 2008, then on the earlier of (i) such date and (ii) the date on which the aggregate amount of NCLA Cash Losses actually accrued equals or exceeds USD37,500,000, the Guarantor may give notice to Star (the “Guarantor Termination Election”) that it is terminating the NCLA Undertakings.

  • In connection therewith, Star shall periodically reimburse the Guarantor for any NCLA Cash Losses up to the amount of the Cash Losses Cap.

  • In the event the Star Termination Election has not been delivered prior to 1 December 2008, then on the earlier of (i) such date and (ii) the date on which the aggregate amount of NCLA Cash Losses actually accrued equals or exceeds USD37,500,000, the Borrower may give notice to Star (the “Borrower Termination Election”) that it is terminating the NCLA Undertakings.

  • In connection therewith, Star shall periodically reimburse the Borrower for any NCLA Cash Losses up to the amount of the Cash Losses Cap.

  • A claim for each of Restaurant Cash Losses or Inventory Losses may not be made unless such claim exceeds One Hundred Dollars ($100.00) on an individual restaurant basis.

  • For calculation purposes, Average Monthly Cash Losses means the average monthly change in cash from operations in accordance with GAAP.

  • Buyer shall notify Sellers in writing if Buyer incurs over $1,000,000 of Cash Losses on any Pending Project, with such notice to include reasonable documentation of the costs incurred sufficient for Sellers to confirm the amount of Cash Losses.

  • Cash and cash equivalents plus 50% of accounts receivable in which the account debtors primary office is located in the United States of not less than the greater of either (a) 2 times the outstanding Credit Extension under the Term Loan, or (b) 6 months of the Average Monthly Cash Losses, as determined as determined during the most recent 3 month period.

  • For purposes of clarification, the statement of NCLA Cash Losses provided periodically shall reflect any NCLA Cash Losses at such date to the extent known at such date, and this Section 2.2 shall not limit the reimbursement obligations of SCL after the NCLA Valuation Date.

  • A Liquidity Coverage of not less than 2 times the aggregate outstanding Advances, and 6 months Net Cash Losses.


More Definitions of Cash Losses

Cash Losses means, for any fiscal year of the Parent, the amount by which (if any) (a) the sum (without duplication) of (i) the Consolidated Net Income of the Parent and its Subsidiaries for such fiscal year, adjusted to exclude any gains or losses attributable to Reduction Events, (ii) depreciation and amortization expense, (iii) non-cash charges (including, without limitation, stock compensation expenses, deferred compensation adjustments, impairment charges, restructuring and exit costs and other non-operating expenses (income)), (iv) non-cash interest expense, and (v) the amount, if any, by which Net Working Capital decreased during such fiscal year is less than (b) the sum (for such fiscal year, without duplication) of (i) any non-cash gains included in determining Consolidated Net Income for such fiscal, (ii) the amount, if any, by which Net Working Capital increased during such fiscal year, (iii) Consolidated Capital Expenditures for such fiscal year (except to the extent attributable to the incurrence of Capital Lease Obligations or otherwise financed by incurring Long-Term Indebtedness or equity contributions) and (iv) the aggregate principal amount of Long-Term Indebtedness repaid or prepaid by the Parent and its Subsidiaries during such fiscal year, excluding (x) Indebtedness in respect of the Loans and Letters of Credit and (y) repayments or prepayments of Long-Term Indebtedness financed by incurring other Long-Term Indebtedness.
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Related to Cash Losses

  • Tax Losses has the meaning assigned to such term in Section 7.1(a).

  • Net Losses means, for each fiscal year or other period, an amount equal to the Partnership's taxable income or loss for such year or period determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:

  • Purchaser Losses shall have the meaning set forth in Section 9.1(a).

  • Buyer Losses has the meaning set forth in Section 10.1(a).

  • Seller Losses shall have the meaning set forth in Section 9.1(b).