Net Cash Flow definition

Net Cash Flow means the gross cash proceeds to the Company from all sources, less the portion thereof used to pay or establish reserves for Company expenses, debt payments (including payments on Member Loans), capital improvements, replacements and contingencies, all as determined by the Member.

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Net Cash Flow means the gross cash proceeds of the Company less the portion thereof used to pay or establish reserves for Company expenses, debt payments, capital improvements, replacements and contingencies, all as reasonably determined by the Governors. “Net Cash Flow” shall not be reduced by Depreciation, amortization, cost recovery deductions or similar allowances, but shall be increased by any reductions of reserves previously established.

Net Cash Flow means all cash and cash equivalents from all sources on hand as of the last day of the measurement period prior to any distributions to the Partners, and after the payment of all then due expenses of operating and managing the Restaurants, and after payment of all debts and liabilities and after any prepayments of any debts and liabilities that the General Partner, in its reasonable and good faith discretion, elects to cause to be made, and after the establishment of any reserves reasonably deemed necessary by the General Partner for (i) the repayment of any due debts or liabilities, including debts owed to the General Partner; (ii) the working capital requirements; (iii) capital improvements and replacement of furniture, fixtures or equipment; and (iv) any contingent or unforeseen liabilities. In determining Net Cash Flow of each Restaurant there shall be deducted the Supervision Fee and the Accounting Fee as provided in Section 4.7, the Advertising Payment and the Insurance Payment as provided in Section 4.8, and the OSRS Charges as provided in Section 4.2.

Examples of Net Cash Flow in a sentence

• Further, notwithstanding any of the foregoing provisions of this Section 2.06, following an Event of Default, Bank may apply or require Borrower to apply, as applicable, any funds in the Collection Account and all Net Cash Flow to the outstanding obligations under the Loan Documents in such priority as Bank may determine in its sole discretion.

• For purposes of the calculations described in this Section 14.18 and the calculation of Additional EBITDA and Additional Net Cash Flow, whenever pro forma effect is to be given to any pro forma event, the pro forma calculations and the calculation of Additional EBITDA or Additional Net Cash Flow shall be made in good faith by a responsible financial or accounting officer of the Manager.

• Borrower shall (and shall cause Servicer and its agents to) deposit, or cause to be deposited, in the Collection Account, all Net Cash Flow in accordance with Section 2.06 of this Agreement.

• The Bank shall enter each Advance as a debit to a loan account established on the books of the Bank and shall also record in such loan account all payments made by the Borrower, including all Net Cash Flow which is finally paid to the Bank for application to the Obligations, and may record therein, in accordance with its customary practice, all charges and expenses properly chargeable to the Borrower.

• For the avoidance of doubt, (i) Net Cash Flow and the distribution of the same in accordance with Section 2.06(b) will be separated by Bank within the books of the Bank on an Advance by Advance basis and (ii) the lack of sufficient funds in the Collection Account or available Net Cash Flow, as applicable, on any Distribution Date shall not excuse the Borrower from the failure to make the payment as and when due of any applicable Obligations.

More Definitions of Net Cash Flow

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

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.

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.

Net Cash Flow. With respect to any Mortgaged Property, the total operating revenues derived from such Mortgaged Property, minus the total fixed and variable operating expenses, capital expenditures such as reserves, tenant improvements and leasing commissions, incurred in respect of such Mortgaged Property (subject to adjustments for, among other things, (i) non-cash items such as depreciation and amortization, and (ii) debt service on loans secured by the Mortgaged Property).

Net Cash Flow means, for any period, the excess of (i) Operating Revenues for such period, over (ii) Operating Expenses for such period.

Net Cash Flow means, with respect to any fiscal period, all cash revenue and funds received by the Partnership (other than funds received as capital contributions) in such period, less the sum of the following (to the extent not made from funds received as capital contributions): (i) all sums paid to lenders in such period, (ii) all cash expenditures (including capital expenditures) made by or on behalf of the Partnership in such period incident to the normal operation of the Partnership’s business, and (iii) cash reserves deemed appropriate by the General Partner.

Net Cash Flow means for any period the amount, computed on a cash basis, equal to: (i) the sum of (A) gross receipts from business operations, all investment income and investment gain of the Company and all other cash received by the Company, all without double counting and (B) any amounts released from Reserves; decreased by (ii) the sum of (A) disbursements of the Company for operating expenses, expenditures for capital investments and reinvestments, principal payments on indebtedness, interest and other expenses, including any repayment of indebtedness required or elected to be made in connection with any refinancing, sale or other event, and (B) any increase in Reserves.