Historical CFADS definition

Historical CFADS means, without duplication:
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Historical CFADS means, for any period, an amount equal to (a) the amount of Cash Flow during such period minus (b) all amounts paid during such period pursuant to Sections 3.3(c)(i) and 3.3(c)(ii) (P1 Revenue Account) of the P1 Accounts Agreement (other than any non-recurring fee paid to any Senior Secured Party) which amounts under this clause (b) shall exclude any such amounts that are P1 Project Costs, RCI EPC CAPEX (as defined in the Definitions Agreement), or RCI Owners’ Costs (as defined in the Definitions Agreement), in each case, to the extent funded with Indebtedness or equity.
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Historical CFADS means, for any period, gross cash operating revenues properly allocable to Petroleum Property for such period less the following cash items: royalties, operating costs, severance, windfall profits and other wellhead taxes, general and administrative expenses and current income and other taxes properly allocable to such period and cash capital expenditures made during such period and properly allocable to a Petroleum Property owned as of the date of the most recent Reserve Report (other than cash capital expenditures (i) constituting the purchase price of any such Petroleum Property permitted to be purchased hereunder or (ii) exploration costs associated with any Petroleum Property owned as of the date of the most recent Reserve Report).
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Examples of Historical CFADS in a sentence

  • HEC shall provide a certificate, signed by an Authorized Person of HEC, within 60 days after the end of each such quarter, certifying the ratio of Historical CFADS from Petroleum Properties to HEC's and its consolidated Subsidiaries' interest expense for such period as set forth above and the method used to calculate such ratio.

  • At the end of each fiscal quarter of HEC, the Historical CFADS from Petroleum Properties for the period of four consecutive quarters then ending (subject to the last sentence of this Section 4.34), determined on the basis of the financial statements and reports furnished pursuant to Section , will not be less than 200% of the interest expense of HEC and its consolidated Subsidiaries for such period.


More Definitions of Historical CFADS

Historical CFADS for any period of four consecutive quarters ending prior to June 30, 2000 shall be equal to "Historical CFADS" for the period from and including the date of consummation of the Reorganization to and including the last day of such period, annualized on a simple arithmetic basis. SECTION . Hedging
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Related to Historical CFADS

  • Historical Financial Statements means the audited consolidated balance sheets of the Borrower as of December 31, 2006 and December 31, 2005 and the audited consolidated statements of income, stockholders’ equity and cash flows of the Borrower for each of the fiscal years in the three year period ending on December 31, 2006.

  • CMSA Historical Liquidation Report means a report substantially in the form of, and containing the information called for in, the downloadable form of the "Historical Liquidation Report" available as of the Closing Date on the CMSA Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CMSA for commercial mortgage securities transactions generally.

  • Pro Forma Financial Statements shall have the meaning set forth in Section 5.5(b) hereof.

  • Most Recent Financial Statements has the meaning set forth in Section 4(g) below.

  • Financial Monitoring Report or “FMR” means each report prepared in accordance with Section 4.02 of this Agreement;

  • Company Audited Financial Statements has the meaning set forth in Section 3.11.

  • Current Financial Statements has the meaning given to such term in Section 5.9.

  • Current Financials means, at any time, the consolidated Financial Statements of the Companies most recently delivered to Administrative Agent under Section 7.1(a) or 7.1(b), as the case may be.

  • Company Financial Statements has the meaning set forth in Section 3.6(a).

  • State Level Monitoring Cell means the body constituted by the State Government for the control and elimination of ragging in institutions within the jurisdiction of the State, established under a State Law or on the advice of the Central Government, as the case may be.

  • Year-End Financial Statements has the meaning set forth in Section 3.06.

  • Financials means the financial statements delivered, or required to be delivered, pursuant to Section 9.1(a) or (b) together with the accompanying officer’s certificate delivered, or required to be delivered, pursuant to Section 9.1(d).

  • CMSA Comparative Financial Status Report The monthly report in "Comparative Financial Status Report" format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CMSA for commercial mortgage securities transactions generally and, insofar as it requires the presentation of information in addition to that called for by the form of the "Comparative Financial Status Report" available as of the Closing Date on the CMSA website, is reasonably acceptable to the Master Servicer or the Special Servicer, as applicable.

  • Parent Financial Statements has the meaning set forth in Section 4.6(a).

  • CREFC® Comparative Financial Status Report The monthly report in “Comparative Financial Status Report” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Non-profit making companies means companies set up under the Companies Act, 1956/Companies Act 2013.

  • Closing Financial Statements has the meaning set forth in Section 6.22.

  • Target Financial Statements has the meaning set forth in Section 3.4.

  • Comparative Financial Status Report format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Applicable Financial Statements means, as at any date, the most-recent audited financial statements of the Borrower delivered to the Lenders; provided that if immediately prior to the delivery to the Lenders of new audited financial statements of the Borrower a Material Adverse Change (the “Pre-existing MAC”) shall exist (regardless of when it occurred), then the “Applicable Financial Statements” as at said date means the Applicable Financial Statements in effect immediately prior to such delivery until such time as the Pre-existing MAC shall no longer exist.

  • Company Interim Financial Statements has the meaning specified in Section 4.08(a).

  • Monthly Financial Statements is defined in Section 6.2(c).

  • Audited Financial Statements means the audited consolidated balance sheet of the Borrower and its Subsidiaries for the fiscal year ended December 31, 2012, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year of the Borrower and its Subsidiaries, including the notes thereto.

  • Company Financials means the Audited Financial Statements and the Interim Financial Statements.

  • Audited financial report means and includes those items specified in Section 5 of this regulation.

  • Audited Financials has the meaning specified in Section 4.6(a).