Excess Cash Flow Payments definition

Excess Cash Flow Payments means, singularly and collectively, Annual Excess Cash Flow Payments and Intermediate Excess Cash Flow Payments.
Sample 1Sample 2Sample 3
Excess Cash Flow Payments means, singularly and collectively, Annual Excess Cash Flow Payments and Intermediate Excess Cash Flow Payments. “Excess Cash Flow Payment Amount” shall mean, for the fiscal year or portion thereof in connection with any Excess Cash Flow Payment, an amount equal
Sample 1Sample 2
Excess Cash Flow Payments means the aggregate amount of Excess Cash Flow (as defined in the Credit Agreement or any other Credit Facility) that is required to be applied to repay Debt outstanding under the Credit Agreement or such other Credit Facility.
Sample 1Sample 2

Examples of Excess Cash Flow Payments in a sentence

  • The Excess Cash Flow Payments calculation is an annual requirement performed at the end of each fiscal year.

  • In addition, the total Excess Cash Flow Payments required and made under this Section 2.20 shall not exceed Sixteen Million and No/100 Dollars ($16,000,000.00) over the term of this Agreement.

  • No Excess Cash Flow Payments shall be required during any calendar year should the Tangible Owner’s Equity be greater than 50% at the end of the immediately proceeding fiscal year of the Borrower.

  • In addition to the regularly scheduled payments set forth above, the Borrower shall make all Excess Cash Flow Payments and Debt Service Reserve Account Payments as described in the MLA.

  • In the event of the occurrence and continuation of an Event of Default, Lender may require Borrower to make one or more Foreign Excess Cash Flow Payments on such date or dates as Lender shall determine.

  • All Excess Cash Flow Payments required under this subclause (d) shall be applied on a pro rata basis to the outstanding principal balance of the Term Loans, each such application to be applied pro rata to each remaining principal installment.

  • All Excess Cash Flow Payments shall be applied to the reduction of the outstanding principal balance of the Term Loan.

  • No Excess Cash Flow Payments shall be required during any calendar year should the Tangible Owner’s Equity of the Borrower be greater than seventy percent (70%) at the end of the immediately preceding fiscal year of the Borrower.

  • It is relevant to note here that there may be overlap in roles between the NGO-funded services and the services mandated by other government departments within the TCC model.

  • No Excess Cash Flow Payments shall be required during any fiscal year should the Tangible Owner’s Equity be greater than 70% at the end of the immediately preceding fiscal year of the Borrower.


More Definitions of Excess Cash Flow Payments

Excess Cash Flow Payments has the ------------------------- meaning set forth in the Note.
Sample 1
Excess Cash Flow Payments has the meaning specified in SECTION 4.1(e)(i).
Sample 1
Excess Cash Flow Payments is defined in Section 2.4.10.
Sample 1
Excess Cash Flow Payments means an amount equal to seventy-five percent (75%) of Consolidated Excess Cash Flow as calculated from the Borrower's annual audited consolidated financial statements, furnished to the Lenders in accordance with SECTION 5.01(a); provided, however, in the event that the Borrower fails to deliver such financial statements to the Lenders as and when required, or the Administrative Agent determines in the exercise of its good faith and reasonable discretion that such financial statements do not accurately reflect the Borrower's consolidated financial position for the period covered, the Administrative Agent may estimate, in its discretion, the amount of Excess Cash Flow Payment for such period.
Sample 1
Excess Cash Flow Payments means those payments made by the Reorganized Debtor to the Plan Trust of the Excess Cash Flow.
Sample 1
Excess Cash Flow Payments shall have the meaning assigned to that term in Section 11.2; sometimes referred to individually as an “Excess Cash Flow Payment”.
Sample 1

Related to Excess Cash Flow Payments

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

  • Excess Cash Flow Period means each fiscal year of the Borrower, commencing with the fiscal year of the Borrower ending on December 31, 2017.

  • Excess Cash shall have the meaning set forth in Section 2.11(d).

  • Cumulative Excess Cash Flow means the amount equal to the sum of Excess Cash Flow (but not less than zero for any Fiscal Year) for the Fiscal Year ending on December 31, 2022 and Excess Cash Flow (but not less than zero in any Fiscal Year) for each succeeding and completed Fiscal Year.

  • 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.

  • Consolidated Excess Cash Flow means, for any period for the Consolidated Group, (a) net cash provided by operating activities for such period as reported on the audited GAAP cash flow statement delivered under Section 7.01(a) minus (b) the sum of, in each case to the extent not otherwise reducing net cash provided by operating activities in such period, without duplication, (i) scheduled principal payments and payments of interest in each case made in cash on Consolidated Total Funded Debt during such period (including for purposes hereof, sinking fund payments, payments in respect of the principal components under capital leases and the like relating thereto), in each case other than in connection with a refinancing thereof, (ii) Consolidated Capital Expenditures made in cash during such period that are not financed with the proceeds of Indebtedness, an issuance of Capital Stock or from a reinvestment of Net Cash Proceeds referred to in Section 2.06(b)(ii), (iii) optional prepayments of Funded Debt during such period (other than prepayments of Revolving Loans owing under this Credit Agreement (unless, in the case of a prepayment of Revolving Loans, there is a simultaneous reduction in the Aggregate Revolving Commitments in the amount of such prepayment pursuant to Section 2.07) and other such optional prepayments made with the proceeds of other Indebtedness), (iv) to the extent not financed with the incurrence or assumption of Indebtedness or proceeds from an issuance of Capital Stock, Subject Dispositions, Specified Dispositions or Involuntary Dispositions, cash sums expended for Investments pursuant to Sections 8.02(c), (i), (j), (k) (other than with respect to any amount expended on such Investments through the use of the Cumulative Credit) or (v) during such period, (v) without duplication of amounts deducted from Consolidated Excess Cash Flow in prior periods, the aggregate consideration required to be paid in cash by the Borrower or any Subsidiary pursuant to binding contracts (the “Contract Consideration”) entered into prior to or during such period relating to Consolidated Capital Expenditures to be consummated or made during the three months following the end of such period, provided that to the extent the aggregate amount of internally generated cash actually utilized to finance such Consolidated Capital Expenditures during such three months is less than the Contract Consideration, the amount of such shortfall shall be added to Consolidated Excess Cash Flow for the period following such period and (vi) to the extent such amounts increased net cash provided by operating activities in such period, funds collected by the Borrower or any of its Subsidiaries on behalf of clients of the Borrower or any of its Subsidiaries representing the face amount of tickets sold plus (c) to the extent such amounts decreased net cash provided by operating activities in such period, funds remitted by the Borrower or any of its Subsidiaries to clients of the Borrower or any of its Subsidiaries representing the face amount of tickets sold.

  • 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.