Excess Free Cash Flow definition

Excess Free Cash Flow means the amount, for each Series, in each calendar year, that the Free Cash Flow is in excess any Preferred Return (and any Preferred Return that accrued with respect to a prior calendar year but has not yet been distributed).

Excess Free Cash Flow means, for any Excess Cash Flow Period, an amount, if positive, equal to (i) the amount of net cash provided by operating activities as shown on Xxxxxx Publishing’s consolidated cash flow statements for such period plus (ii) any Working Capital Balance on the relevant Cash Flow Determination Date resulting from any drawdown under any revolving credit facility, including the Working Capital Facility, to the extent such Working Capital Balance is not either included in clause (i) of this definition or used in compliance with the provisions of this Indenture prior to the delivery of the Officers’ Certificate required under Section 3.11(b) with respect such Excess Cash Flow Period less (iii) the Cash Flow Adjustments during such Excess Cash Flow Period.

Excess Free Cash Flow. The amount by which the Free Cash Flow of the US Operations exceeds (a) the Invested Capital plus (b) the cumulative Excess Free Cash Flow in all prior years for which a Participation Amount has previously been paid.

Examples of Excess Free Cash Flow in a sentence

• In addition, for each Series, the Company intends, but is not required, to distribute any additional amounts to the Economic Members on a quarterly basis, where such additional amounts may be credited to the Preferred Return that accrues for that year (including for periods that occur after the distribution is made) or that accrued for a prior year, with any excess being credited to the amount of Excess Free Cash Flow distributed under Section 7.01(b)(ii).

• For each calendar year, unless otherwise specified in the Series Designation, each Series shall pay the relevant Managers or their Affiliates a service fee (the “Service Fee”) equal to 50% of the Excess Free Cash Flow of that Series (half of which shall go to the relevant Asset Manager, and half of which shall go to the Administrative Manager).

• If the Free Cash Flow in Year 5 is $20 million, then the Excess Free Cash Flow would be $20 million ($100M Free Cash Flow - $68M Invested Capital - $12M Excess Free Cash Flow from prior years) and Holdings would be entitled to a Participation Amount of $1,000,000 representing 5% of the Excess Free Cash Flow.

• However, in Year 4 when XFone’s Invested Capital is equivalent to $68 million and the US Operations’ Free Cash Flow is $80 million, Holdings would be entitled to a Participation Amount based on the Excess Free Cash Flow of $12 million.

• The term of Holdings’ right to participate in the Excess Free Cash Flow of the US Operations under this Agreement will be perpetual, beginning in the fiscal year of the Excess Free Cash Flow Date and extending in perpetuity, unless this Agreement is earlier terminated as provided in subparagraph 3(b) hereof.

More Definitions of Excess Free Cash Flow

Excess Free Cash Flow means, for any period,

Excess Free Cash Flow for period means cash flow from operations less capital expenditures and debt service.

Excess Free Cash Flow means, for any Excess Free Cash Flow Period, without duplication, (a) Consolidated EBITDA for such period, minus (b) Consolidated Tax Expense actually paid in cash by the Company and its Subsidiaries (net of any refunds received) during such period, minus (c) Consolidated Interest Expense actually paid in cash by the Company and its Subsidiaries during such period, minus (d) the amount of Capital Expenditures during such period (other than Capital Expenditures to the extent funded by (x) capital contributions or (y) cash proceeds from Dispositions not applied as a redemption of the Bonds in accordance with Section 3.01(a)), minus (e) to the extent otherwise included in Consolidated EBITDA, any upfront fees received during such period in connection with the out-bound licensing of any Product permitted hereunder, plus (or minus) (f) any net cash gains received (or net cash losses incurred) by the Company and its Subsidiaries in respect of any non-recurring item during such period (other than any net gains permitted to be applied for another purpose hereunder in lieu of a mandatory redemption of the Bonds in accordance with Section 3.01(a)), plus (g) any net cash gains received by the Company and its Subsidiaries in respect of any non-recurring item during any prior Excess Free Cash Flow Period and permitted to be applied for another purpose hereunder in lieu of a mandatory redemption of the Bonds in accordance with Section 3.01(a), but not applied within the required time period, which period ended during such Excess Free Cash Flow Period, plus (in the case of a decrease) and minus (in the case of an increase) (h) the change in the average Working Capital of the Company and its Subsidiaries for such period, plus (i) interest income received by the Company and its Subsidiaries during such period.

Excess Free Cash Flow means for any period the amount equal to the sum of the following items (each as determined in accordance with GAAP) in such period (i) the Corporation's net income (or loss) for such period, plus (ii) the Corporation's depreciation and amortization (including, without limitation, amortization of goodwill) to the extent deducted in determining net income (or loss), plus (iii) Federal, state and local income taxes accrued but not paid by the Corporation (to the extent not otherwise reflected

Excess Free Cash Flow means, for any month, an amount, if positive, equal to (1) the amount of net cash provided by operating activities as shown on Morris Publishing’s consolidated cash flow statements for such month, plus (2) the Working Capital Balance (as defined below) on the last day of this month resulting from any drawdown under any revolving credit facility, including any Working Capital Facility, to the extent this Working Capital Balance is not either included in clause (1) of this definition or used in compliance with the New Notes Indenture prior to the date the officers’ certificate stating the amount of Excess Free Cash Flow for this month is delivered to the Trustee, less (3) the Cash Flow Adjustments for such month.

Excess Free Cash Flow means such amount of Free Cash Flow in a Fiscal Year, that exceeds FORTY MILLION dollars ($40,000,000.00);

Excess Free Cash Flow means Borrower’s aggregate cash balances in excess of $3,600,000 as of the last day of each quarter.