Historical CFADS definition
Historical CFADS means, without duplication:
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.
Historical CFADS means, for any period, an amount equal to (a) the amount of Cash Flow during such period minus (b) all Administrative Expenses paid during such period (other than any non-recurring fee paid to any FinCo Secured Party) which amounts under this clause (b) shall exclude non-recurring losses and other amounts, in each case, to the extent funded with proceeds of voluntary equity contributions or Indebtedness.
Examples of Historical CFADS in a sentence
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.
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.
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
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).
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 3.2(c)(i) and 3.2(c)(ii) (T4 Revenue Account) of the T4 Accounts Agreement (other than any non-recurring fee paid to any Senior Secured Party) which amounts under this clause (b) shall exclude (i) any such amounts that are T4 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 Voluntary Equity Contributions and (ii) non-recurring losses to the extent funded with proceeds of Voluntary Equity Contributions or Indebtedness.