Free Cash Flow Amount definition

Free Cash Flow Amount has the meaning given in clause 9.5.

Free Cash Flow Amount means, as of the date of any determination, the sum of (I) the lesser of (A) the product of (1) the Free Cash Multiple, multiplied by (2) the Services Business Free Cash Flow and (B) the product of (x) 2, multiplied by (y) the Services Business Revenue, plus (II) the lesser of (1) 50% of the result of the immediately preceding clause (I), and (2) 30% of the Company's After-tax PV10, plus (III) 10% of the Company's After-tax PV10.

Free Cash Flow Amount means, with respect to the last day of any fiscal quarter, the amount of Free Cash Flow as of such date.

Examples of Free Cash Flow Amount in a sentence

• After the full indefeasible payment of the Senior Debt in cash, the Company shall redeem, on a quarterly basis, until the Notes have been repaid in full, an aggregate principal amount of the Notes equal to the Free Cash Flow Amount, if any, as of the last day of the most recent fiscal quarter then ended.

• Following the full indefeasible payment of the Senior Debt in cash, on each Quarterly Distribution Date on which Free Cash Flow is available to redeem, in whole or in part, the Notes, the Company shall deposit with the Paying Agent immediately available funds equal to the Free Cash Flow Amount as of the last day of the fiscal quarter most recently ended prior to such Quarterly Distribution Date to redeem, in whole or in part, the Notes in a principal amount equal to such Free Cash Flow Amount.

• If the Trustee is not the Registrar, upon receipt of a Free Cash Flow Amount to be distributed to the Holders in respect of a whole or partial redemption of the Notes, upon the request by the Trustee, the Company shall furnish to the Trustee (or request the Registrar to furnish to the Trustee) a list (in such form and as of such date as the Trustee may reasonably require) of the names and addresses of the Holders of Notes.

• If the Trustee is not the Registrar, upon receipt of any Free Cash Flow Amount to be distributed to the Holders in respect of a whole or partial redemption of the Notes, upon the request by the Trustee, the Company shall furnish to the Trustee (or request the Registrar to furnish to the Trustee) a list (in such form and as of such date as the Trustee may reasonably require) of the names and addresses of the Holders of each Series of Notes.

• In addition, there are two “haircut” provisions that may reduce the payout amount under the Plan:Performance Target Minimum Free Cash Flow Amount of $80 million Comparable Sales + 1% There will be a 25% reduction in the payout amount if the Company does not meet either performance target, as set by the Committee with respect to F’06.

More Definitions of Free Cash Flow Amount

Free Cash Flow Amount for any fiscal period of the Borrower, an amount equal to (a) cash provided by operating activities of the Borrower and its Restricted Subsidiaries for such fiscal period as reflected in the consolidated statement of cash flows of the Borrower and its Restricted Subsidiaries for such fiscal period prepared in accordance with GAAP minus (b) the actual cash amount paid by the Borrower and its Restricted Subsidiaries in respect of Capital Expenditures during such period minus (c) in the case of any fiscal period of the Borrower in which cash provided by operating activities of the Borrower and its Restricted Subsidiaries for such fiscal period is an amount less than zero, 100% of the absolute value of any such deficit.

Free Cash Flow Amount means, as of any Free Cash Flow Determination Date, an amount equal to (i) the Consolidated Cash Flow for the fiscal quarter ending immediately prior to such Free Cash Flow Determination Date, less (ii) capital expenditures actually made during such fiscal quarter, less (iii) Required Reserves determined as of such Free Cash Flow Determination Date.

Free Cash Flow Amount means, for any period, for the Companies on a consolidated basis, the remainder of (a) Consolidated EBITDA, minus (b) the aggregate amount of scheduled principal payments required to be made during such period on Consolidated Debt that is not Subordinated Debt, minus (c) Consolidated Interest Expense payable during such period (other than interest payable with respect to the Borrowings and Subordinated Debt), minus (d) FF&E Reserves, minus (e) the aggregate amount of cash Taxes paid for such period of continuing operations. GAAP means generally accepted accounting principles in the United States of America as set forth in the opinions and pronouncements of the American Institute of Certified Public Accountants and the statements and pronouncements of the Financial Accounting Standards Board which are applicable from time to time.