Minimum Free Cash Flow definition

Minimum Free Cash Flow means, for any period, an amount equal to the excess of: (a) the sum, without duplication, of:
Sample 1Sample 2Sample 3
Minimum Free Cash Flow. Tested on a calendar quarterly basis, Borrower shall maintain minimum “Free Cash Flow” in the amounts set forth below for the corresponding cumulative periods: Cumulative Period Amount Three (3) months ending March 31, 2009 $400,000 Six (6) months ending June 30, 2009 $600,000 Nine (9) months ending September 30, 2009 $1,000,000 Twelve (12) months ending December 31, 2009 $2,000,000 Each quarter thereafter to be determined based TBD on Borrower’s 2010 financial forecast, to be delivered to PFG not later than November 30, 2009. Free Cash
Sample 1
Minimum Free Cash Flow shall have the meaning specified in Section 14(c).
Sample 1

Examples of Minimum Free Cash Flow in a sentence

  • If the Rent Adjusted Leverage Ratio as of the last day of any fiscal year of the Borrower (beginning with its fiscal year ending December 31, 2007) is greater than or equal to 5.25:1.00, permit Minimum Free Cash Flow for any Test Period ending on such date to be less than (i) in the case of the Borrower’s fiscal year ended December 31, 2007, $50,000,000, and (ii) in the case of each fiscal year of the Borrower thereafter, $75,000,000.

  • If a Change of Control occurs subsequent to the last day of the Performance Period, but prior to the Restriction Lapse Date, then PSUs shall be converted to RSUs only after calculation of Free Cash Flow, provided, however, in the event that the Company has failed to achieve the Minimum Free Cash Flow for the Performance Period, then all PSUs shall be forfeited regardless of the Change of Control occurring after the end of the Performance Period.

  • If the Company does not achieve the Minimum Free Cash Flow (as set forth in the 2021 LTP Overview) during the Performance Period, the PSUs granted or otherwise eligible to be issued hereunder shall be forfeited as of the date of such determination.

  • The Company and its subsidiaries have conducted evaluations of the effectiveness of their disclosure controls as required by Rule 13a-15 of the Exchange Act and have found them to be effective.

  • The Borrower will maintain Free Cash Flow for each of its fiscal quarters of Borrower's Fiscal Year measured at the end of each quarter ending September 30, 2001 and December 31, 2001 of not less than the following: Minimum Free Cash Flow ---------------------- 9/30/01 $ 223,000 12/31/01 $ 334,800 "Free Cash Flow" is EBITDA minus gross Capital Expenditures.

  • Minimum Liquidity Ratio (maintain at all times, tested monthly) 1.50:1.0 :1.0 Yes No Borrower shall be in compliance with either one of the following (tested quarterly): Minimum Quarterly Revenue (calculated on a trailing six (6) month basis) * $ Yes No Minimum Free Cash Flow $ 0.00 $ Yes No The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) AEGERION PHARMACEUTICALS, INC.

  • With respect to Borrower’s fiscal quarters ending on or about September 30, 2006 and thereafter, Borrower shall not permit the ratio of its EBITDA to Fixed Charges for the trailing twelve month period ending on the last day of each fiscal quarter to be less than or equal to 1.20 to 1:00; provided that Fixed Charge Coverage shall not be tested unless and until Minimum Free Cash Flow ceases to be tested pursuant to Section 14(c).

  • If the Company does not achieve the Minimum Free Cash Flow (as set forth in the 2020 LTP Overview) during the Performance Period, the PSUs granted or otherwise eligible to be issued hereunder shall be forfeited as of the date of such determination.

  • Once the covenants in this Section 6.7 become applicable at the beginning of the next month and at the beginning of each year thereafter, required levels of Minimum Discretionary Profit, Minimum Free Cash Flow, and Lifetime Value will be established for each month in such year based upon the board-approved fully funded operating plan to be provided by Borrowers pursuant to Section 6.2.

  • In addition, there are two “haircut” provisions that may reduce the payout amount under the Plan:Performance Target Minimum Free Cash Flow Amount of $80 million Comparable Sales + 1% There will be a 25% reduction in the payout amount if the Company does not meet either performance target, as set by the Committee with respect to F’06.


More Definitions of Minimum Free Cash Flow

Minimum Free Cash Flow is hereby amended by deleting the row that reads “Second Quarter 2008 $9,700,000” and replacing it with “[Intentionally Omitted]”;
Sample 1
Minimum Free Cash Flow for any period, the remainder of (a) Consolidated EBITDA for such period minus (b) the sum of (i) the aggregate amount of capital expenditures during such period plus (ii) the aggregate taxes paid in cash by Holdings and its Subsidiaries during such period plus (iii) the change in Consolidated Working Capital (if positive) for such period from the Consolidated Working Capital for the immediately preceding period.
Sample 1
Minimum Free Cash Flow. Borrower shall maintain minimum “Free Cash Flow” in the amounts set forth below for the corresponding cumulative periods, as follows: Partners for Growth Schedule to Loan and Security Agreement ____________________________________________________________________________________________________________________ Cumulative Period Amount Three (3) months ending September 30, 2008 $ 300,000 Six (6) months ending December 31, 2008 $ 900,000 Three (3) months ending March 31, 2009 $ 600,000 Six (6) months ending June 30, 2009 $ 1,200,000 Nine (9) months ending September 30, 2009 $ 1,800,000 Twelve (12) months ending December 31, 2009 $ 2,400,000 Three (3) months ending March 31, 2010 $ 600,000 Six (6) months ending June 30, 2010 $ 1,200,000 Nine (9) months ending September 30, 2010 $ 1,800,000 Twelve (12) months ending December 31, 2010 $ 2,400,000 Three (3) months ending March 31, 2011 $ 800,000 Six (6) months ending June 30, 2011 $ 1,600,000
Sample 1

Related to Minimum Free Cash Flow

  • Free Cash Flow means, for any Person for any period, EBITDA plus cash interest income of such Person for such period, less income taxes, Capital Expenditures and Investments (to the extent made in compliance with this Agreement), Scheduled Debt Service (if any) and variations in working capital made in the ordinary course of business, with respect to such period.

  • Minimum Cash Balance means $10,000,000 minus (i) $500,000, (ii) any amounts to be paid to holders of Allowed Ongoing Trade Claims of New Permian Corp., and (iii) any amounts to be paid to holders of Allowed Cure Amounts pursuant to Section 8.4(ii).

  • Net Cash Flow means, for any period, the amount obtained by subtracting Operating Expenses and Capital Expenditures for such period from Gross Income from Operations for such period.

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Free Cash means the aggregate book value of the holdings which at all times are available for the Issuer of any:

  • Excess Cash Flow means, for any period, an amount equal to the excess of:

  • Net Monthly Excess Cash Flow For any Distribution Date the amount remaining for distribution pursuant to subsection 4.02(a)(iii) (before giving effect to distributions pursuant to such subsection).

  • Excess Cash Flow Period means each fiscal year of the Borrower, commencing with the fiscal year of the Borrower ending on December 31, 2016.

  • Available Cash Flow means an amount, with respect to each Fiscal Year or portion thereof during the Term, equal to the excess, if any, of the Operating Profit over the Owner’s Priority.

  • Annualized Operating Cash Flow means, for any fiscal quarter, the Operating Cash Flow for such fiscal quarter multiplied by four.

  • Adjusted Cash Flow for any fiscal year shall mean Consolidated Net Income of the Borrower for such fiscal year (after provision for taxes) plus the amount of all net non-cash charges (including, without limitation, depreciation, deferred tax expense, non-cash interest expense, amortization and other non-cash charges) that were deducted in arriving at such Consolidated Net Income for such fiscal year, minus the amount of all non-cash gains and gains from sales of assets (other than sales of inventory and equipment in the normal course of business) that were added in arriving at such Consolidated Net Income for such fiscal year.

  • Adjusted Operating Cash Flow means the net cash provided by operating activities of the Company as reported in the Company’s consolidated statements of cash flows included in its Annual Report on Form 10-K, adjusted to eliminate the effect on operating cash flows of net customer financing cash flows, as reported in the Company’s consolidated statements of cash flows included in its Annual Report on Form 10-K.

  • Excess Cash Flow Application Date as defined in Section 2.12(c).

  • Excess Cash Flow Percentage 50%; provided that the Excess Cash Flow Percentage shall be reduced to (a) 25% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 3.75 to 1.00 and (b) to 0% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 2.25 to 1.00.

  • Excess Cash Flow Payment Period means, with respect to any Excess Cash Flow Payment Date, the immediately preceding fiscal year of the Borrower.

  • Operating Cash Flow means the Company’s or a business unit’s sum of Net Income plus depreciation and amortization less capital expenditures plus changes in working capital comprised of accounts receivable, inventories, other current assets, trade accounts payable, accrued expenses, product warranty, advance payments from customers and long-term accrued expenses, determined in accordance with generally acceptable accounting principles.

  • Adjusted Revenue means revenue less Digital Platform Fulfilment Revenue.

  • Net Available Cash from an Asset Disposition means cash payments received (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise and net proceeds from the sale or other disposition of any securities received as consideration, but only as and when received, but excluding any other consideration received in the form of assumption by the acquiring person of Indebtedness or other obligations relating to the properties or assets that are the subject of such Asset Disposition or received in any other non-cash form) therefrom, in each case net of:

  • Minimum Quarterly Distribution means $0.35 per Unit per Quarter (or with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.35 multiplied by a fraction of which the numerator is the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • Excess Cash Amount means, as of any Excess Cash Measurement Date, (a) the total amount of Unrestricted Cash, less (b) the sum of (i) the applicable Minimum Cash Threshold hereto corresponding to such Excess Cash Measurement Date, (ii) the total amount of scheduled payments due by OEC and its Subsidiaries, taken as a whole, under (x) the New Notes and (y) any other Permitted Indebtedness in each case in the subsequent twelve (12) month period, (iii) projected expenses for the Issuer to conduct its operations during the subsequent twelve (12) month period, including any foreign currency conversion expenses and (iv) for any Excess Cash Measurement Date through (and including) December 31, 2024, any Fines due by OEC and its Subsidiaries for the subsequent twelve (12) month period; less (c) an amount equal to the Required Gross-Up; provided that any items already deducted from cash and short-term investments of OEC and its Subsidiaries for purposes of determining Unrestricted Cash shall not be deducted again for purposes of determining the Excess Cash Amount.

  • Excess Cash Flow Payment Date means the earlier of (a) the date occurring 90 days after the last day of each fiscal year of the Borrower (commencing with the fiscal year of the Borrower ending December 31, 2018) and (b) the third Business Day following the date on which financial statements with respect to such period are delivered pursuant to Section 5.01(c).

  • Minimum Liquidity means, as of any date of determination, the sum of (a) the aggregate unused amount of the Commitments as of such date and (b) unrestricted cash of the Loan Parties as of such date.

  • Adjusted gross proceeds means gross proceeds less cash prizes, cost of

  • Retained Excess Cash Flow Amount means, at any date of determination, an amount, determined on a cumulative basis, that is equal to the aggregate cumulative sum of the Excess Cash Flow that is not required to be applied as a mandatory prepayment under Section 2.11(b)(i) for all Excess Cash Flow Periods ending after the Closing Date and prior to such date; provided that such amount shall not be less than zero for any Excess Cash Flow Period.