Cashflow Waterfall definition

Cashflow Waterfall means the order of payments that may be made from the Proceeds Account as set out in Part A (Pre-Enforcement Cashflow Waterfall) of Schedule 5 (Cashflow Waterfalls) of the Intercreditor Deed.
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Cashflow Waterfall means the order of payments that may be made from the Proceeds Accounts as set out in Part A (Pre-Enforcement Cashflow Waterfall) of Schedule 5 (Cashflow Waterfalls) of the Intercreditor Deed; Cayman Companies Act means the Companies Act (as revised) of the Cayman Islands;
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Cashflow Waterfall means the priority of application of moneys set out in clause 12.2. (Proceeds Accounts) of the Accounts Agreement;
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Examples of Cashflow Waterfall in a sentence

  • Accordingly, the Wakeel shall have no claim or recourse against the Trustee(s) in respect of any amount which is or remains unsatisfied after the application of the Cashflow Waterfall in the manner aforesaid and any unsatisfied amounts shall be extinguished.

  • Accordingly, the Principal Paying Agent shall have no claim or recourse against the relevant Trustee in respect of any amount which is or remains unsatisfied after the application of the relevant Cashflow Waterfall in the manner aforesaid and any unsatisfied amounts shall be extinguished.

  • The Debt Service Reserve Account shall be funded with (i) any cash or other available funds held or received by the Issuer on Issue Date (other than net proceeds of the Bond Issue), (ii) net proceeds of the Bond Issue (for the initial funding) and (iii) the Cashflow Waterfall (for any subsequent funding).

  • Before the bird was able actually to take a mealworm, just as it landed on the feeding bowl, we startled the bird.

  • Any amount remaining in the Collection Accounts following an Interest Payment Date after distribution in accordance with the Cashflow Waterfall can be paid to the Distribution Account after receipt and approval by the Bond Trustee of the certificate mentioned in Clause 11.2 g) and provided that no Event of Default or Trigger Event exists.

  • At the Final Maturity Date, the funds may be applied in accordance with the Cashflow Waterfall.Distribution AccountAn account in the name of the Issuer into which funds that are released after payment of items (a) – (k) of the Cashflow Waterfall shall be paid.

  • On any Interest Payment Date, funds in the Debt Service Reserve Account may be applied to items d) to g) of the Cashflow Waterfall if there is insufficient cash in either the Collection Accounts or the Distribution Account to meet the payment due.

  • Save as expressly contemplated in this Addendum the Cashflow Waterfall Agreement shall remain unamended and, subject to its terms, of full force and effect.

  • The aim of this tutorial is to provide an understanding of what the Cashflow Waterfall is and how to set it up correctly in a financial model.

  • This Addendum comprises a Finance Document for all purposes under the Cashflow Waterfall Agreement.

Related to Cashflow Waterfall

  • Cashflow has the meaning given to that term in Clause 22.1 (Financial definitions).

  • Excess Cashflow With respect to any Distribution Date, an amount, if any, equal to the sum of (a) the Remaining Excess Spread for such Distribution Date and (b) the Overcollateralization Release Amount for such Distribution Date.

  • Monthly Excess Cashflow For any Distribution Date, an amount equal to the sum of the Monthly Excess Interest and Overcollateralization Release Amount, if any, for such date.

  • Revenue Account means the Revenue Account established pursuant to the General Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Net Monthly Excess Cashflow With respect to each Distribution Date, the sum of (a) any Overcollateralization Release Amount for such Distribution Date and (b) the excess of (x) Available Funds for such Distribution Date over (y) the sum for such Distribution Date of (A) the Monthly Interest Distributable Amounts for the Class A Certificates and the Mezzanine Certificates, (B) the Unpaid Interest Shortfall Amounts for the Class A Certificates and (C) the Principal Remittance Amount.

  • 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.

  • 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.

  • Net Cash Flow Schedule shall have the meaning set forth in Section 5.1.11(b) hereof.

  • Debt Service Reserve Account as defined in the Depositary Agreement.

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.

  • Excess Cash Flow Application Date as defined in Section 2.12(c).

  • Debt Service Reserve Fund means the fund by that name established pursuant to the Second Resolution.

  • 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.

  • 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.

  • Excess Cash Flow Payment Date means the date occurring 90 days after the last day of a fiscal year of the Parent (commencing with its fiscal year ending December 31, 2000).

  • Debt Service Reserve Fund Requirement means, with respect to the 2013 Series C Bonds and as of each determination date, an amount equal to maximum annual debt service on the 2013 Series C Bonds Outstanding from time to time and, with respect to any other Series of Bonds, the amount set forth in the Related Series Indenture.

  • Group II Available Funds As defined in Section 7.3(a)(ii) hereof.

  • 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.

  • Cash Flow Distribution Amount As to any calendar month, the aggregate amount of principal distributable in respect of the Mortgage Securities in such calendar month.

  • Excess Cash Flow Payment Period means, with respect to the repayment required on each Excess Cash Flow Payment Date, the immediately preceding fiscal year of the Borrower.

  • 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.

  • Collateral Available Funds means with respect to any Distribution Date, the Collateral Floating Percentage of Reallocated Investor Finance Charge Collections with respect to the preceding Monthly Period.

  • Available Reserve Account Amount means, with respect to any Distribution Date, the lesser of (a) the amount on deposit in the Reserve Account on such date (before giving effect to any deposit to be made to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

  • Debt to Cash Flow Ratio means, with respect to any Person as of any date of determination, the ratio of (a) the Consolidated Indebtedness of such Person as of such date, less cash and Cash Equivalents, to (b) the Consolidated Cash Flow of such Person for the four most recent full fiscal quarters ending immediately prior to such date for which internal financial statements are available. For purposes of making the computation referred to above:

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Reserve Account Amount means, for any Distribution Date, the amount on deposit in and available for withdrawal from the Reserve Account on such Distribution Date (after giving effect to all deposits to and withdrawals from the Reserve Account on the preceding Distribution Date, or, in the case of the initial Distribution Date, the Closing Date), including all interest and other income (net of losses and investment expenses) earned on such amount during the preceding Collection Period.