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:
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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 ____________________________________________________________________________________________________________________ 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
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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]”;
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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.

  • Borrowers have failed and are expected to fail to comply with the Minimum EBITDA and Minimum Free Cash Flow financial covenants set forth in Section 7.18 of the Loan Agreement for the periods ending December 31, 2006, March 31, 2007, June 30, 2007, September 30, 2007, and December 31, 2007.

  • 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 fiscal month period of Borrower ending on the last day of each fiscal quarter to be less than or equal to 1.00 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).

  • Borrowers shall achieve at least the levels of Discretionary Profit set forth in the table immediately below for the applicable month: January 2014 $ (107,333 ) February 2014 402,446 March 2014 358,082 April 2014 317,960 May 2014 424,791 June 2014 466,215 July 2014 555,302 August 2014 679,398 September 2014 691,030 October 2014 657,665 November 2014 730,889 December 2014 698,856 (c) Minimum Free Cash Flow.

  • 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.

  • 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.

  • 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).

  • Borrowers have failed to comply with the Minimum EBITDA and Minimum Free Cash Flow financial covenants set forth in Section 7.18 of the Loan Agreement for the period ending December 31, 2006.

  • 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.


More Definitions of Minimum Free Cash Flow

Minimum Free Cash Flow shall have the meaning specified in Section 14(c).
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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.
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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: 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.
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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 a cash balance to be held by the Debtors on the Effective Date in an amount equal to $75 million plus any amounts received on account of GCI (as defined in the Uniti Term Sheet) reimbursements and Cash Payments (as defined in the Uniti Term Sheet) received by the Debtors on or before the Effective Date.

  • Net Cash Flow means, with respect to the Property 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:

  • Operating Revenue Cash Flows means the Company’s cash flow from ownership and/or operation of (i) Properties, (ii) Loans, (iii) Permitted Investments, (iv) short-term investments, and (v) interests in Properties, Loans and Permitted Investments owned by any Joint Venture or any partnership in which the Company or the Partnership is, directly or indirectly, a co-venturer or partner.

  • 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 period of three complete consecutive calendar months, an amount equal to Operating Cash Flow for such period 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 the repayment required on each 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.

  • Net Cash Flow Schedule shall have the meaning set forth in Section 5.1.11(b) hereof.

  • Excess Cash Flow Payment Date means the date occurring 90 days after the last day of a fiscal year of the Parent (commencing with its fiscal year ending December 31, 2000).

  • Minimum Level (ML means the concentration at which the entire analytical system must give a recognizable signal and an acceptable calibration point. The ML is the concentration in a sample that is equivalent to the concentration of the lowest calibration standard analyzed by a specific analytical procedure, assuming that all the method-specified sample weights, volumes and processing steps have been followed.

  • 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