Free Cash Flows definition

Free Cash Flows means any available cash for distribution generated from the net income received by a Series, as determined by the Managing Member to be in the nature of income as defined by U.S. GAAP, plus (i) any change in the net working capital (as shown on the balance sheet of such Series) (ii) any amortization of the relevant Underlying Asset (as shown on the income statement of such Series) and (iii) any depreciation of the relevant Underlying Asset (as shown on the income statement of such Series) and (iv) any other non-cash Operating Expenses less (a) any capital expenditure related to the Underlying Asset (as shown on the cash flow statement of such Series) (b) any other liabilities or obligations of the Series, including interest payments on debt obligations and tax liabilities, in each case to the extent not already paid or provided for and (c) upon the termination and winding up of a Series or the Company, all costs and expenses incidental to such termination and winding as allocated to the relevant Series in accordance with the terms of the Operating Agreement.

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Free Cash Flows means the difference between: (A) the sum of revenues from all sources, after making adequate provisions for uncollectible Debts; and (B) the sum of all expenses related to HPPCL’s operations including administration, maintenance, taxes and payments in lieu of taxes, but excluding provision for depreciation, other non-cash operating charges, movements in Working Capital, and interest and other charges on debt.

Free Cash Flows means the difference between: (A) the sum of cash flows from all sources related to operations, plus cash generated from consumer deposits and consumer advances of any kind, sale of assets, cash yield of interest on investments, and net non-operating income; and (B) the sum of all expenses related to operations, including administration, adequate maintenance, selling expense, and taxes and payments in lieu of taxes (excluding provision for depreciation and other non-cash operating charges), but excluding interest and other charges on debt;

Examples of Free Cash Flows in a sentence

With respect to any liability that is contingent, conditional or unmatured or is otherwise not yet due and payable, the Liquidator shall either settle such claim for such amount as it thinks appropriate or establish a reserve of Free Cash Flows or other assets to provide for its payment.
As compensation for services performed by the Asset Manager under this Agreement, and in consideration therefor, the Series will pay an annual asset management fee (the "Asset Management Fee") to the Asset Manager in respect of each fiscal year, equal to 15% of any Free Cash Flows available for distribution pursuant to Article VII of the Operating Agreement.
Unless Tyco delivers a Response Letter within two (2) Business Days following the conclusion of the FCF Review Period, the Delivering Party’s Statement of Free Cash Flows shall bind Tyco and the Delivering Party.
Following delivery of the Response Letter, Tyco and the Delivering Party shall in good faith attempt promptly to resolve any disagreement as to the computation of any item in the Delivering Party’s Statement of Free Cash Flows; provided, however, that any items in the Statement of Free Cash Flows that is not subject to disagreement in the Response Letter or any Disputed Item which is subsequently resolved by Tyco and the Delivering Party shall be deemed agreed to.
Subject to Section 6.03 and Article X, any Free Cash Flows after the creation of such reserves as the Managing Member deems necessary, in its sole discretion, shall be applied and distributed by way of distribution to the Members (pro rata to their Interests and which, for the avoidance of doubt, may include the Managing Member or its Affiliates).
Tyco shall complete its review of such Statement of Free Cash Flows within forty-five (45) days of delivery of the Statement of Free Cash Flows to Tyco (the “FCF Review Period”).
Any such distribution of Free Cash Flows of a Series will be after (a) repayment of any amounts outstanding under Operating Expenses Reimbursement Obligations including any accrued interest as there may be, (b) payment of the Management Fee, and (c) the creation of such reserves as the Managing Member deems necessary, in its sole and absolute discretion, to meet future Operating Expenses.
Subject to Section 7.03, Article XI and any Interest Designation, and prior to the liquidation, dissolution and/or termination of the Company and/or the applicable Series pursuant to Article XI, the Managing Member may, in its sole and absolute discretion, distribute any Free Cash Flows of each Series to the Members thereof on a pro rata basis in proportion to their Interests in such Series (which, for the avoidance of doubt, may include the Managing Member or its Affiliates).
Subject to the terms of any Series Designation (including, without limitation, the preferential rights, if any, of holders of any other class of Interests of the applicable Series), all property and all Free Cash Flows in excess of that required to discharge liabilities as provided in Section 11.3(b) shall be distributed to the holders of the Interests of the Series on an equal per Interest basis.
Free Cash Flows from capital transactions (sale or refinance of the Series Asset) or from dissolution and liquidation of the Series will be distributed as follows: • First, Class A Members shall ratably receive any accrued but unpaid Preferred Return.

More Definitions of Free Cash Flows

Free Cash Flows means net profit after taxation plus non-cash expenses less long term loan repayment and capital expenditure. All figures will be for the year for which dividend is considered.

Free Cash Flows means the difference between: (i) the sum of revenues from all sources related to operations, after making adequate provisions for uncollectible debts, adjusted to take account of the Borrower’s rates, dues or other such receivables accrued at the time of the incurrence of debt, and net non-operating income; and (ii) the sum of all expenses related to operations including administration, maintenance, current taxes and payments in lieu of current taxes (but excluding provision for depreciation, other non-cash operating charges, and deferred taxes), movements in working capital other than cash, and interest and other charges on debt, excluding interest capitalized; and

Free Cash Flows has the meaning set forth in Section 6.3.

Free Cash Flows. (as each is defined in EXHIBIT C hereto) for the relevant Determination Period. Concurrently with the delivery of other, unaudited financial statements in accordance with paragraph (a) above, Purchaser shall provide the information necessary to make a calculation of Acquisition's "Adjusted Net Earnings", "Outstanding Debt", "EBITDA" and "Free Cash Flow" for the relevant period.