Monthly Cash Burn definition

Monthly Cash Burn means, for any period of determination, Borrower’s monthly net income, minus amortization, plus depreciation; plus non-cash stock compensation, plus non-cash changes in the valuation of Borrower’s warrants that are required, in each case as applied under GAAP, to be treated as liabilities, all determined in accordance with GAAP; calculated on a trailing six (6) month basis, but including the current portion of interest-bearing liabilities due and payable in the immediately succeeding three (3) month period.

Monthly Cash Burn means, for any period of determination, Borrower’s monthly net income, minus amortization plus depreciation (such amortization and depreciation as reviewed and approved in writing by Collateral Agent and the Lenders), plus non-cash stock compensation expense, including non-cash expense associated with granting stock options, plus the current portion of interest-bearing liabilities due and payable in the immediately succeeding three (3) month period; all determined in accordance with GAAP and calculated on a trailing six (6) month basis. In calculating Monthly Cash Burn, the income effect of revaluing warrants shall be disregarded.

Monthly Cash Burn is, determined on a consolidated basis with respect to Borrower and its Subsidiaries, as of any date of determination, the difference of (a) (i) net loss, plus (ii) unfinanced capital expenditures, minus (b) (i) depreciation and amortization expenses, (ii) non-cash stock compensation expense and (iii) other non-cash expenses as approved by Bank in its sole and absolute discretion.

Examples of Monthly Cash Burn in a sentence

• Loan Parties shall not permit at any time the aggregate amount of (i) unrestricted cash and Cash Equivalents in their respective Deposit Accounts and Securities Accounts which are subject to Account Control Agreements plus (ii) Availability to be less than the positive value of the product of (x) three (3) multiplied by (y) the Monthly Cash Burn Amount.

• With the addition of our Christmas programming and continued strength in leisure transient, we anticipate further sequential improvement in cash flow during 4Q-2021 16 Average Monthly Cash Burn / Flow (millions) 2 $700 $380 $300 $211 $490 $600 $800 $0 $400 $800 $1,200 2021 2022 2023 2024 2025 2026 2027 2028 2029 Gaylord Rockies 4.5% Sr Notes (2029) Revolver Availability Revolver TL-A TL-B 4.75% Sr Notes (2027) 1.

• Commencing on the Closing Date, Borrower shall at all times maintain in accounts held at the Bank, unrestricted cash and cash equivalents in an aggregate amount equal to at least three times the Monthly Cash Burn as calculated on the last date of the immediately preceding month.

• Borrower shall maintain at all times, tested on the last day of each month commencing on November 30, 2015 and as of the last day of each month thereafter, unrestricted cash and Cash Equivalents in accounts with Bank or Bank’s Affiliates in an amount equal to or greater than eight (8) times Borrower’s average Monthly Cash Burn Amount (the “Liquidity Requirement”).

• This press release includes the following non IFRS financial measures: Adjusted Operating Profit, Adjusted Net Profit, Adjusted Basic EPS and Monthly Cash Burn.

More Definitions of Monthly Cash Burn

Monthly Cash Burn is for any period of determination, the sum of (i) Borrower’s average monthly net losses (calculated on a consolidated basis with Borrower’s Subsidiaries) for the six month period then ended, (ii) the average monthly amortization and depreciation expenses of Borrower (calculated on a consolidated basis with Borrower’s Subsidiaries) for the trailing six month period then ended and (iii) the monthly average of the current portion of principal on interest-bearing liabilities due and payable in the immediately succeeding three month period.

Monthly Cash Burn means the average trailing 3 month change in cash, unused portions of Facillity #1 availability, Accounts Receivables, and deferred revenue that is calculated as follows: xXxxxx Technologies Services Inc. October 22, 2021

Monthly Cash Burn means, for any period of determination, (x) Borrower’s monthly net income, minus amortization, plus depreciation; plus non-cash stock compensation, plus non-cash changes in the valuation of Borrower’s warrants that are required, in each case as applied under GAAP, to be treated as liabilities, all determined in accordance with GAAP; calculated on a trailing two (2) month basis, but including the current portion of interest-bearing liabilities due and payable in the immediately succeeding two (2) month period divided by (y) two (2).

Monthly Cash Burn in Section 1.1 of the Agreement hereby is deleted in its entirety.

Monthly Cash Burn means, for each calendar month (each, a “Reference Month”), as reasonably calculated by Bank, the difference between (a) the amount of Borrower’s unrestricted cash measured on the last day of the Reference Month, and (b) the amount of Borrower’s unrestricted cash measured on the last day of the calendar month immediately preceding the Reference Month;

Monthly Cash Burn means Borrower's average monthly negative operating cash flow plus capital expenditures for the three months immediately prior to the date of measurement.

Monthly Cash Burn means, for any period of determination, Borrower’s average monthly net income (loss), with the following expenses added back: (a) amortization, (b) depreciation, (c) non-cash stock-based compensation, (d) non-cash interest expenses and (e) non-cash losses on warrant liabilities (or similar non-cash items), as reduced by gains on non-cash warrant liabilities (or similar non-cash items), in each case for the trailing six (6) month period, all determined in accordance with GAAP and calculated on a trailing six (6) month basis, plus the average monthly principal due and payable on interest-bearing liabilities in the immediately succeeding three (3) month period.