Excess Operating Cash Flow definition

Excess Operating Cash Flow means for any fiscal quarter, Net Income of the Borrowers plus non-cash interest expense, depreciation and amortization and any other non-cash items of the Borrowers, minus scheduled principal payments of the Borrowers to Lenders, lease payments and capital expenditures of the Borrowers, plus or minus changes in working capital of the Borrowers, as appropriate.

Excess Operating Cash Flow means, for any period, Net Income of -------------------------- Borrower and its Subsidiaries plus non-cash interest expense, depreciation and amortization and any other non-cash items of Borrower and its Subsidiaries reducing Net Income, minus scheduled Principal Payments of Borrower and its ----- Subsidiaries, lease payments and capital expenditures of Borrower and its Subsidiaries (to the extent not otherwise deducted in determining Net Income), plus or minus changes in working capital of Borrower and its Subsidiaries during such period.

Excess Operating Cash Flow means, for every Fiscal Year, an amount equal to (i) Consolidated EBITDA for such Fiscal Year minus (ii) the sum of (a) Consolidated Financial Obligations (other than those set forth in clause (c) of the definition thereof) paid during such Fiscal Year, (b) voluntary prepayments of the Term Loan made during such Fiscal Year, (c) as long as the Aggregate Revolving Credit Commitment is reduced by the same amount, any voluntary prepayment of the Revolving Loans, (d) Management Fees paid in cash during such Fiscal Year, (e) Advisory Fees paid in cash during such Fiscal Year, not to exceed $500,000 in the aggregate in any Fiscal Year, (f) transaction costs and expenses incurred on or about the Closing Date in connection with the Acquisition and the financing thereof and the transactions contemplated herein, (g) Permitted Tax Distributions made during such Fiscal Year in accordance with Section 7.06(e), payments made in accordance with Sections 7.06(f) and (g) and payments made in accordance with Section 7.08(e), and (h) payments to the Parent Guarantor made in accordance with Section 7.06(n), plus (iii) non-recurring cash items during such Fiscal Year to the extent such items increased the calculation of Consolidated Net Income plus (iv) Extraordinary Net Cash Gains (if any) minus (v) Extraordinary Net Cash Losses (if any).

Examples of Excess Operating Cash Flow in a sentence

• Any then remaining Excess Operating Cash Flow shall be applied to reduce then outstanding borrowings under the Revolver until fully repaid.

• Such notice shall also set out in reasonable detail the computations of Excess Operating Cash Flow of the Borrower for the relevant Accounting Quarter.

• Enforcement Agency ListservUSTelecom will maintain and operate an information sharing resource for federal and state government agencies responsible for enforcement of laws and regulations to prevent illegal Campaigns.

• For each fiscal year of the Borrower ending during or after December 2003, the Borrower shall make a prepayment of the Loans in an aggregate amount equal to the Applicable Excess Cash Flow Percentage of the amount of Consolidated Excess Operating Cash Flow for such fiscal year, such mandatory prepayment to be due one hundred five (105) days after the end of each applicable fiscal year and to be applied in the manner set forth in Section 4.3.4.

• A number of different natural community types could be found on a property and certain areas may be of higher quality than others.Community types include a variety of terrestrial communities (e.g., xeric uplands and mesic flatlands) and wetland communities (e.g., swamps and marshes).

More Definitions of Excess Operating Cash Flow

Excess Operating Cash Flow in respect of the Borrowers for any fiscal quarter shall mean Net Income of the Borrowers plus non-cash interest expense, depreciation and amortization and any other non-cash items of the Borrowers, MINUS scheduled principal payments on the Loans, lease payments and capital expenditures PLUS OR MINUS changes in working capital of the Borrowers, as appropriate.

Excess Operating Cash Flow set forth in SECTION 1.02 is hereby amended to insert immediately after the words "capital expenditures" the parenthetical "(to the extent permitted in compliance with the Loan Agreement)".

Excess Operating Cash Flow means, for any given month, the Company’s net cash provided by operating activities, if any, less any amounts of such cash used, or designated for use, to pay distributions to Shareholders.

Excess Operating Cash Flow in Section 1.01 of the Credit Agreement is hereby amended by deleting the word “and” from the end of clause (g) thereof, and adding the following at the end of clause (h) thereof:

Excess Operating Cash Flow means for the fiscal quarter preceding the date on which KMC intends to make an optional prepayment pursuant to the provisions of SECTION 2.07(A), Net Income of the Borrowers plus non-cash interest expense, depreciation and amortization and any other non-cash items of the Borrowers, minus scheduled principal payments of the Borrowers to Lender, lease payments and capital expenditures of the Borrowers, plus or minus changes in working capital of the Borrowers, as appropriate.

Excess Operating Cash Flow for such period LESS (b) the sum of (i) Consolidated Total Interest Expense for such period, PLUS (ii) any mandatory repayments (whether scheduled or otherwise) of principal on any Indebtedness of the Borrower or any of its Subsidiaries paid or due and payable during such period (other than payments made in respect of the prior fiscal year's Consolidated Excess Cash Flow).

Excess Operating Cash Flow has the meaning given to it in paragraph (h) of Clause 12.10 (Mandatory prepayment with Excess Operating Cash Flow).