Gross Cash Flow definition

Gross Cash Flow means, for any period, the aggregate sum, for the Company and its Restricted Subsidiaries, of (i) cash receipts of any kind or character (but excluding (A) distributions, if any, from CMSLP, and (B) cash flows in respect of Match Funded Assets), and (ii) without duplication, accruals on assets held (other than Match Funded Assets), as long as payment on such accruals is not delinquent by more than 45 days from scheduled receipt.

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Gross Cash Flow has the meaning set forth in Section 5.18(b).

Gross Cash Flow means, for any period, an amount equal to the sum of (i) Net Income, plus (ii) to the extent deducted in determining Net Income, (A) interest expense, (B) income tax expense, (C) depreciation and amortization, and (D) all other non-cash charges determined in accordance with GAAP, plus (iii) cash contributions by owners, less (iv) distributions to owners. “Net Income” means, for any period, the net income (or loss) for such period in accordance with GAAP, but excluding therefrom (to the extent otherwise included therein) (i) any extraordinary gains or losses, and (ii) any gains attributable to write-ups of assets. “Debt Service” means, for any period, all annual debt service, including principal and interest payments, due on all debt obligations during the applicable period.

Examples of Gross Cash Flow in a sentence

• The Corporation will not permit the ratio of Consolidated Gross Cash Flow for the four consecutive fiscal quarters ending on the last day of each fiscal quarter to Consolidated Interest Expense for such four consecutive fiscal quarters ending on the last day of each fiscal quarter to be less than 3.50 to 1.00.

• Within five (5) days after the final determination of the Aggregate Gross Cash Flow, if an Escrow Release Amount is to be distributed to Buyers and/or Sellers, Buyers and Sellers shall direct Escrow Agent to release such Escrow Funds, in the manner specified in Section 10(d)(ii).

• If Sellers dispute the calculation of the Aggregate Gross Cash Flow, Buyers shall make available to Sellers and their representatives, upon reasonable advance notice and during normal business hours, all books, records, financial statements, work papers and schedules related to the SpringCastle Companies and Company Related Entities as may be necessary to verify the calculations.

• The calculations of the Aggregate Gross Cash Flow as agreed to by Buyers and Sellers or determined by the Independent Accounting Firm, shall be final and binding on Buyers and Sellers.

• Promptly following the end of the Applicable Period but in any event no later than the Escrow Release Date, Buyers shall deliver a copy of their calculation of the Aggregate Gross Cash Flow (as defined in Section 10(f) below) and supporting documentation to Sellers.

More Definitions of Gross Cash Flow

Gross Cash Flow means, for any period, the sum, for the Company and its Subsidiaries (determined on a consolidated basis without duplication in accordance with GAAP, and adjusted on a pro form basis as if the Company had acquired LCS and its Subsidiaries on October 1, 1998), of the following:

Gross Cash Flow means, for the period of twelve consecutive (12) months most recently ended as of the date of determination, the sum of (a) the net income (or loss) before taxes of the Borrower, determined on a Consolidated basis, in accordance with GAAP minus (b) non-cash income from subsidiaries and joint ventures minus (c) non-cash patronage income minus (d) gain (plus loss) on asset sales minus (e) extraordinary income (plus loss) minus (f) non-▇▇▇▇ ▇▇▇▇-to-market inventory adjustments, if positive (or plus such adjustments, if negative) plus (g) depreciation plus (h) amortization, in each case without duplication.

Gross Cash Flow means the aggregate amount of all net income plus depreciation, amortization and all other non-cash expenses generated by the Project during a certain period.

Gross Cash Flow means, for any period, an amount equal to the sum of (1) Net Income, plus (2) to the extent deducted in determining Net Income, (A) interest expense, (B) income tax expense, (C) depreciation and amortization, and (D) all other non-cash charges determined in accordance with generally accepted accounting principles, plus (3) cash contributions by owners, less (4) distributions to owners. “Net Income” means, for any period, the net income (or loss) for such period in accordance with generally accepted accounting principles, but excluding therefrom (to the extent otherwise included therein)

Gross Cash Flow. (defined as revenues of the Borrower less customary and traditional expenses of the Borrower pursuant to Generally Accepted Accounting Principles less a Forty Percent (40.00%) provision made for income taxes, less a provision for dividend payments made to preferred shareholders of the Borrower in the annual aggregate amount of Fifty Seven Thousand Six Hundred Dollars ($57,600), the total of which is then multiplied by.

Gross Cash Flow means, for any period, the aggregate sum, for the Company and its Restricted Subsidiaries, of (i) cash flow of any kind or character (but excluding (A) distributions, if any, from CMSLP, and (B) cash flows in respect of Match Funded Assets), and (ii) without duplication, accruals on securities held (other than Match Funded Assets), as long as payment on such accruals is not delinquent by more than 45 days from scheduled receipt.

Gross Cash Flow means Net Profit after Tax plus depreciation, amortization and noncash extraordinary losses, minus extraordinary gains. Long Term shall mean beyond the on-going twelve month period. Long Term Debt shall mean payment obligations of indebtedness which mature more than twelve months from the date of determination, or mature within twelve months from such date but are renewable or extendible at the option of the debtor to a date more than twelve months from the date of determination. ATTACHMENT A TO AMENDED AND RESTATED TERM AND REVOLVING CREDIT AGREEMENT