Cash Requirements has the meaning set forth in Section 4.5(b)(i).
Cash Requirements means, for any period, the sum of (a) Interest Charges ----------------- (excluding imputed interest, accrued original issue discount and interest payable in kind) for such period, (b) payments (excluding optional prepayments) due and payable in respect of Lease Obligations (other than such Obligations under Capitalized Leases) for such period, and (c) scheduled payments of principal on long-term Indebtedness (including current maturities of long-term Indebtedness) due and payable pursuant to any document relating to the borrowing of money or the obtaining of credit (including any such principal payments in respect of Lease Obligations under Capitalized Leases) for such period, all as determined in accordance with GAAP.
Cash Requirements whenever used herein shall mean the estimated amount in cash which the Directors shall from time to time in their judgment determine to be necessary or proper for (1) the operation, maintenance, care, alteration and improvement of the corporate property during the year or portion of the year for which such determination is made; (2) the creation of such reserve for contingencies as it may deem proper; and (3) the payment of any obligations, liabilities or expenses incurred or to be incurred, after given consideration to (i) income expected to be received during such period (other than rent from interval proprietary lessees), and (ii) cash on hand which the Directors in their discretion may choose to apply. The Directors may from time to time modify their prior determination and increase or diminish the amount previously determined as cash requirements of the corporation for a year or portion thereof . . . all determinations of cash requirements shall be conclusive as to all interval Lessees.
Examples of Cash Requirements in a sentence
The covenants by the Corporation herein contained are subject, however, to the discretionary power of the Board of Directors to prescribe the manner of maintaining and operating the Project and to determine the Cash Requirements of the Corporation as hereinabove stated.
If at any time during any calendar year, the Cash Requirements for that year prove to be inadequate for any reason, including nonpayment of any member's share thereof or the unexpected repair, replacement or reconstruction of improvements located on the Project, or if funds are otherwise required for any authorized activity of the Corporation, the Board may levy a Special Assessment.
More Definitions of Cash Requirements
Cash Requirements means, for any period, the sum of (a) Net Capex for such period; (b) cash interest paid by the Parent and its Subsidiaries during such period, net of cash interest income received by the Parent and its Subsidiaries during such period, but excluding from this clause (b) in any event (x) amortization of one-time placement, syndications, work and similar fees in connection with this Agreement or in connection with other Debt For Borrowed Money or any other financing issued by the Parent or any of its Subsidiaries (including the Senior Notes), (y) fees paid with respect to letters of credit under SECTION 3.6 or under the loan facility related to the Existing Bank Debt (in each instance under this clause (y), such fees are to be deducted in determining the amount in clause (a) of the definition of EBITDA for such period), and (z) monitoring expenses or unused line fees payable under this Agreement or under the loan facility related to the Existing Bank Debt (in each instance under this clause (z), such fees or expenses are to be deducted in determining the amount in clause (a) of the definition of EBITDA for such period); (c) cash taxes paid by the Parent and its Subsidiaries during such period, less cash tax refunds received by the Parent and its Subsidiaries during such period, but excluding from cash taxes paid any assessment paid by the Parent or any of its Subsidiaries as a result of Federal or state income tax audits with respect to the Parent or any of its Subsidiaries; and (d) the Debt Reduction Amount for such period.
Cash Requirements means, as of the date of determination, cash required by the Company for (a) payment of Approved Project Costs then due or to become due in the ordinary course in the following thirty (30) Days, or reimbursement of Approved Project Costs previously incurred and not then paid, (b) other costs and expenses of constructing, financing, owning and operating the Wind Farms then due or to become due in the ordinary course in the following thirty (30) Days, in accordance with the applicable Approved Budget, or as otherwise approved by the Management Committee, and (c) additional Capital Contributions required in the applicable Approved Budget in connection with the conversion of any construction financing to permanent financing to repay or prepay any amount of the financing theretofore advanced for funding of costs of construction of the Wind Farms and other Approved Project Costs. Certificates – has the meaning set forth in Section 2.08.
Cash Requirements means, for the applicable period, (i) the regularly scheduled payments of principal by Borrower upon long-term debt (including the Loans); plus (ii) any prepayments of principal by Borrower upon long-term debt (excluding the Loans); plus
Cash Requirements whenever used herein shall mean the estimated amount in cash which the Board of Directors shall from time to time in its judgment determine to be necessary or proper for (1) the operation, maintenance, care, alteration, and improvement of the corporate property during the year or portion of the year for which such determination is made; (2) the creation of such reserve for contingencies as it may deem proper; and (3) the payment of any obligations, liabilities, or expenses incurred or to be incurred, after giving consideration to (i) income expected to be received during such period (other than rent from proprietary Shareholders), and (ii) cash on hand which the Directors in their discretion may choose to apply. The Board of Directors may from time to time modify its prior determination and increase or diminish the amount previously determined as cash requirements. No determination of cash requirements shall have any retroactive effect on the amount of the rent payable by the Shareholder for any period prior to the date of such determination. All determinations of cash requirements shall be conclusive as to all Shareholders.
Cash Requirements wherever used herein shall mean the estimated amount in cash which the Directors shall from time to time in its judgment determine to be necessary or proper for the operation, maintenance, care, alteration and improvement of the corporate property. The Directors may from time to time modify its prior determination and increase or diminish the amount previously determined as cash requirements.
Cash Requirements whenever used herein shall mean the estimated amount in cash which the Directors shall from time to time in its judgment determine to be necessary or proper for (1) the operation, maintenance, care, alteration and improvement of the corporate property during the year or portion of the year for which such determination is made; (2) the creation of such reserve for contingencies, repairs, replacements and general operations as it may deem proper, and (3) the payment of any obligations, liabilities or expenses incurred or to be incurred, after giving consideration to (1) income expected to be received during such period (other than rent from proprietary lessees), and (ii) cash on hand which the Directors in its discretion may choose to apply. The Directors may from time to time modify its prior determination and increase or diminish the amount previously determined as Cash Requirements of the corporation for a year or portion thereof. No determination of Cash Requirements shall have any retroactive effect on the amount of the rent payable by the Lessee for any period prior to the date of such determination. All determinations of cash requirements shall be conclusive as to all Lessees. Authority Limited to Board of Directors
Cash Requirements. Combined Availability", "Commitment", "Debt Reduction Amount", "EBITDA", "LIBOR Rate Loans", "Loan Documents", Maximum Revolver Amount", "Net Capex", "Obligations" and "Stated Termination Date" and substituting therefor the following respective new definitions: