Free Operating Cash Flow definition
Free Operating Cash Flow is defined as net cash flow from operating activities, minus payments for general and administrative expenditures permitted under the Loan Agreement, minus interest expense, fees, expenses, and principal, if any, paid during such period in respect of Revolving Loan, and minus the Permitted Nicaraguan Contributions (as defined below), if any.
Free Operating Cash Flow means, in respect of any Relevant Period, EBITDA for that Relevant Period:
Free Operating Cash Flow means the cumulative total over the immediately preceding four calendar quarters of Operator's cash flows from operating activities, as determined in accordance with generally accepted accounting principles consistently applied and reported in Operator's statement of cash flows. Payments to RIN under the provisions of Article VI shall be deducted in calculating Free Operating Cash Flow to the extent such payments have been paid and have not been deducted pursuant to the preceding sentence. The following items shall be excluded from, and have no effect on, the calculation of Free Operating Cash Flow: (i) any accelerated write-offs or write-downs of intangible assets (such as software or goodwill) or fixed assets, (ii) depreciation and amortization, (iii) expenditures which in the ordinary course of business would typically be funded through financing activities (this provision is not intended to include normal purchases of computer equipment, but is intended to include major leasehold improvements or large scale replacement of computer technology).
Examples of Free Operating Cash Flow in a sentence
Borrower and Guarantors have requested that Lender temporarily waive the Existing Defaults and additional defaults under the provisions covered by the Existing Defaults, excluding, however, the following (the “Excluded Defaults”): (i) any additional defaults under the additional debt prohibitions in Subsection (h) of Section 7 of the Loan Agreement, and (ii) any additional defaults under the use of Free Operating Cash Flow prohibitions in Subsection (h) of Section 8 of the Loan Agreement.
Free Operating Cash Flow: Operating Cash after investments, net financial charges and taxes 13 All dividends relating to FY 2005 / 2007 recalculated to take into account the impact of the Rights Issue completed on 21 November 2008.
Subject to the satisfaction of the conditions precedent set forth in Section 3 below, the Agent and the Lenders hereby waive the Borrowers' compliance with the Fixed Charge Covenant Ratio in Section 5.01(q) of the Credit Agreement and the Funded Debt to Free Operating Cash Flow Ratio in Section 5.01(r) of the Credit Agreement for the fourth fiscal quarter of 1995 and for fiscal year 1996.
More Definitions of Free Operating Cash Flow
Free Operating Cash Flow means for any period Consolidated EBITDA and the change (expressed as a negative number in the event of an increase or a positive number in the event of a decrease) for such period in working capital accounts (which shall include as part of current assets inventory reported as long-term assets) less Capital Expenditures for such period.
Free Operating Cash Flow means, in respect of any Relevant Period, Consolidated EBITDA for that Relevant Period after: Adding:
Free Operating Cash Flow means, in respect of any Relevant Period, Consolidated EBITDA for that Relevant Period after: – any decrease in the amount of Working Capital; – any cash receipt in respect of any exceptional or extraordinary item (including, without limitation, the proceeds of the sale of any assets other than material part of the business disposal proceeds or the proceeds from the disposal of a material asset); – any increase in provisions, other non-cash debits and other non-cash charges taken into account in establishing Consolidated EBITDA; – any amount of Capital Expenditure actually made by FreeSeas Inc.; – any increase in the amount of Working Capital; – any cash payment in respect of any exceptional or extraordinary item; – any amount actually paid or due and payable in respect of taxes on the profits of FreeSeas Inc.; – any decrease in provisions and other non-cash credits taken into account in establishing Consolidated EBITDA; and so that no amount shall be included more than once. Gearing means, total debt of FreeSeas Inc. divided by Tangible Net Worth.
Free Operating Cash Flow means the cumulative total over the immediately preceding four calendar quarters of Operator's cash flows from operating activities, as determined in accordance with generally accepted accounting principles consistently applied and reported in Operator's statement of cash flows. Payments to RIN under the provisions of Article VI shall be deducted in calculating Free Operating Cash Flow to the extent such payments have been paid and have not been deducted pursuant to the preceding sentence. The following items shall be excluded from, and have no effect on, the calculation of Free Operating Cash Flow: (i) any accelerated write-offs or write-downs of intangible assets (such as software or goodwill) or fixed assets,
Free Operating Cash Flow means at any time, the amount of cash flow of the Borrower and its Subsidiaries from operations, determined on a consolidated basis, for the most recently completed fiscal year, less repayment of Capital Lease liabilities, scheduled payment of Funded Debt, and the amount of Capital Expenditures of the Borrower and its Subsidiaries for such fiscal year.
Free Operating Cash Flow means funds from operations minus capital expenditures and minus {plus} the increase {decrease} in working capital (excluding changes in cash, marketable securities, and short-term debt).