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

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).
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.
Accordingly, for Year 4 Holdings would be eligible to receive a Participation Amount of $600,000 representing 5% of the Excess Free Cash Flow.
The Service Fee will be paid at the same time as the distributions under Section 7.01(b)(ii); however for Grandfather Series, for each calendar year, each Grandfathered 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 Grandfathered Series (half of which shall go to the relevant Asset Manager, and half of which shall go to the Administrative Manager).
Since the Invested Capital exceeds the $20 million Free Cash Flow, there is no Excess Free Cash Flow from which a Participation Amount would be required hereunder.

More Definitions of Excess Free Cash Flow

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

Excess Free Cash Flow means, for any period,

Excess Free Cash Flow means, for any Fiscal Year, the excess (if any), of

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

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.