Examples of Funds Flow in a sentence
The Pro Forma Funds Flow has been certified as accurate, complete and correct in all material respects by a Responsible Officer of Borrowing Agent.
Borrower shall pay or cause to be paid all closing costs and fees due on the Closing Date concurrently with the borrowing occurring on the Closing Date and in accordance with the Funds Flow Memorandum, which shall have been delivered, and be in form and substance reasonably satisfactory, to Administrative Agent and Hermes Agent.
All fees required to be paid on or before the Funding Date and set forth in the Funds Flow Statement (i) to the Administrative Agent and the Arrangers and (ii) to the Lenders shall in each case have been paid.
Cenovus monitors its capital structure and financing requirements using, among other things, specified financial measures consisting of Total Debt, Net Debt to adjusted earnings before interest, taxes and DD&A (“Adjusted EBITDA”), Net Debt to Adjusted Funds Flow and Net Debt to Capitalization.
Net Debt to Adjusted Funds Flow was a new metric as at March 31, 2022.Cenovus targets a Net Debt to Adjusted EBITDA ratio and a Net Debt to Adjusted Funds Flow ratio of approximately 1.0 times and Net Debt at or below $4 billion over the long-term at a WTI price of US$45.00 per barrel.