Excess Net Cash Flow definition

Excess Net Cash Flow is defined as earnings before interest, taxes deprecation and amortization ("EBITDA") for the relevant fiscal period less interest, taxes, capital expenses and cash payments to unsecured creditors or other classes of creditors as provided for under the Debtor's confirmed Plan; provided, however, the Excess Net Cash Flow shall be calculated without giving effect to any write-off or other income statement item resulting from the Obsolete Inventory Liquidation or the Pre-Petition Accounts Receivable Collection (both as defined in section 7.4).
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Excess Net Cash Flow means, for any period, the amount, if any, of the Company’s gross revenues after the Company’s expenses, reinvestments in Assets, fees and reimbursements and reserves included in the definition of “Net Cash Flow” have been satisfied.
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Excess Net Cash Flow as defined in Section 5.2.1.
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Examples of Excess Net Cash Flow in a sentence

  • Excess Net Cash Flow Fund – This fund is available for transfer to the Renovation and Replacement Fund, and Operation and Maintenance account on Senior Reserve Fund.

  • The First Excess Net Cash Flow calculation shall be the first year anniversary following the Effective Date.

  • Maturity: Three years from the Confirmation Collateral: First lien on all assets of Reorganized Debtor Supplemental Debt Service: Ninety percent (90%) of Excess Net Cash Flow (as defined below) of the Reorganized Debtor in excess of $750,000 to be "swept" to Lender every three (3) months, as a supplemental principal payment on the restructured Loan.

  • In each of the five years following the Effective Date, the Reorganized Debtor shall calculate on an annual basis its Excess Net Cash Flow and remit same to WFF to the extent available.

  • Notwithstanding any of the foregoing provisions of this Section 5, at any time when there shall exist any Default or any Event of Default, all Net Cash Flow and all Excess Net Cash Flow shall be distributed from the Owner Collection Account and paid to Agent, for the account of Lenders, for application against the Obligations and, under no circumstances, shall any Net Cash Flow or Excess Net Cash Flow be paid to Borrower.

  • Distributions to be made pursuant to the Plan will be made available from the Reorganized Debtor's Administrative Claims/Priority Claims Account, Professional Fees Account, Net Cash Flow, Excess Net Cash Flow, and Unit sales.The Projections (annexed hereto as Exhibit B) show how the Reorganized Debtor will be able to make the distributions provided for in the Plan.

  • The Debtor anticipates that, on and after the Effective Date, distributions to be made pursuant to the Fourth Amended Plan will be made available from the Reorganized Debtor's Administrative Claims/Priority Claims Account, Professional Fees Account, Net Cash Flow, Excess Net Cash Flow and Unit sales.

  • The Debtor anticipates that, on and after the Effective Date, distributions to be made pursuant to the Second Amended Plan will be made available from the Reorganized Debtor's Administrative Claims/Priority Claims Account, Professional Fees Account, Net Cash Flow, Excess Net Cash Flow and Unit sales.

  • If, as of any Distribution Date, (a) Lenders have not received Principal Reduction Payments which total at least twenty percent (20%) of the original principal amount of the Loan or (b) the then most-recently calculated Debt Service Coverage Ratio is less than 1.4:1, on each such Distribution Date one hundred percent (100%) of all then existing Excess Net Cash Flow (if any) shall be paid to Agent, for the account of Lenders as a Principal Reduction Payment.

  • In addition, the Company agrees that no Net Cash Flow, Excess Net Cash Flow, dividends or other Assets, except Management Fees and reimbursements of expenses to the Manager or its Affiliates as permitted under this Section 4.3 and the Memorandum, shall be distributed by it to its Member until after all of the principal of, and interest on, the Outstanding Notes have been paid in full.


More Definitions of Excess Net Cash Flow

Excess Net Cash Flow is defined as all Net Cash Flow remaining in the Owner Collection Account on any Distribution Date after the payment in full of each of the ten (10) payment categories listed in Subsection 5.1.2(b) through (k) above.
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Excess Net Cash Flow means the Net Cash Flow less: (A) a $1500 annual reserve for each Unit owned by the Reorganized Debtor and any other reserve for expenses reasonably related to the Collateral; and (B) Non-WFF Sale Proceeds.
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Excess Net Cash Flow means the dollar amount, if any, by which the Net Cash Flow is greater than zero.
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Related to Excess Net Cash Flow

  • Net Cash Flow means, with respect to the Property for any period, the amount obtained by subtracting Operating Expenses and Capital Expenditures for such period from Gross Income from Operations for such period.

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

  • 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.

  • Free Cash Flow means, for any Person for any period, EBITDA plus cash interest income of such Person for such period, less income taxes, Capital Expenditures and Investments (to the extent made in compliance with this Agreement), Scheduled Debt Service (if any) and variations in working capital made in the ordinary course of business, with respect to such period.

  • Cash Flow mean net income after taxes, and exclusive of extraordinary gains and income, plus depreciation and amortization.

  • Available Cash Flow means an amount, with respect to each Fiscal Year or portion thereof during the Term, equal to the excess, if any, of the Operating Profit over the Owner’s Priority.

  • Net Operating Cash Flow means the net cash flow to the Partnership resulting from ownership and operation of the Partnership Property, plus any other items of income received in cash by the Partnership less (i) all debts and expenses paid in the operation of the Partnership, (ii) any reserves which the General Partners deem reasonably necessary for the operation of the Partnership or for the satisfaction of obligations of the Partnership pursuant to Section 8.6, and (iii) all proceeds which are (A) received by the Partnership from the Transfer of Partnership Property, and (B) used to purchase or reserved, as determined by the General Partners in furtherance of their fiduciary duties hereunder and under the Act, for the purchase of other Partnership Property.

  • Net Monthly Excess Cash Flow For any Distribution Date the amount remaining for distribution pursuant to subsection 4.02(a)(iii) (before giving effect to distributions pursuant to such subsection).

  • Adjusted Operating Cash Flow means the net cash provided by operating activities of the Company as reported in the Company’s consolidated statements of cash flows included in its Annual Report on Form 10-K, adjusted to eliminate the effect on operating cash flows of net customer financing cash flows, as reported in the Company’s consolidated statements of cash flows included in its Annual Report on Form 10-K.

  • Cumulative Excess Cash Flow means the sum of Excess Cash Flow (but not less than zero in any period) for the fiscal year ending on December 31, 2013 and Excess Cash Flow for each succeeding completed fiscal year.

  • Adjusted Cash Flow for any fiscal year shall mean Consolidated Net Income of the Borrower for such fiscal year (after provision for taxes) plus the amount of all net non-cash charges (including, without limitation, depreciation, deferred tax expense, non-cash interest expense, amortization and other non-cash charges) that were deducted in arriving at such Consolidated Net Income for such fiscal year, minus the amount of all non-cash gains and gains from sales of assets (other than sales of inventory and equipment in the normal course of business) that were added in arriving at such Consolidated Net Income for such fiscal year.

  • 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.

  • Annualized Operating Cash Flow means, for any period of three complete consecutive calendar months, an amount equal to Operating Cash Flow for such period multiplied by four.

  • Excess Cash Flow Period means each fiscal year of the Borrower, commencing with the fiscal year of the Borrower ending on December 31, 2016.

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

  • Consolidated Excess Cash Flow means, for any period, an amount (if positive) equal to:

  • Operating Revenue Cash Flows means the Company’s cash flow from ownership and/or operation of (i) Properties, (ii) Loans, (iii) Permitted Investments, (iv) short-term investments, and (v) interests in Properties, Loans and Permitted Investments owned by any Joint Venture or any partnership in which the Company or the Partnership is, directly or indirectly, a co-venturer or partner.

  • 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.

  • Consolidated Cash Flow means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication:

  • Net Loss Proceeds means, with respect to any Event of Loss, the proceeds in the form of (a) cash or Cash Equivalents and (b) insurance proceeds, condemnation awards or damages awarded by any judgment, in each case received by the Company from such Event of Loss net of:

  • Consolidated Operating Cash Flow means, with respect to the Company and its Subsidiaries on a consolidated basis, for any period, an amount equal to Consolidated Net Income for such period increased (without duplication) by the sum of:

  • Retained Excess Cash Flow means, at any date of determination, an amount, equal to the aggregate cumulative sum of the Retained Percentage of Excess Cash Flow for the Excess Cash Flow Periods ended on or prior to such date.

  • 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).

  • Underwritten Net Cash Flow means, as of any date of determination, the excess of: (i) for the twelve (12) month period ending on such date, the sum of (A) the lesser of (1) GPR multiplied by 94.0%, and (2) Actual Rent Collections, and (B) Other Receipts; over (ii) for the twelve (12) month period ending on such date, the sum of (A) Operating Expenses, adjusted to reflect exclusion of amounts representing non-recurring expenses, (B) Underwritten Capital Expenditures and (C)

  • 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.

  • 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.