Net Cash Flow After Debt Service definition

Net Cash Flow After Debt Service for any period shall mean the amount obtained by subtracting Debt Service for such period from Net Cash Flow for such period.

Net Cash Flow After Debt Service means, with respect to the Property for any period, the amount obtained by subtracting Debt Service for such period from Net Cash Flow for such period.

Net Cash Flow After Debt Service means, for any period, the amount obtained by subtracting Debt Service, Mortgage Loan Debt Service and Mezzanine A Debt Service for such period from Net Cash Flow for such period.

Examples of Net Cash Flow After Debt Service in a sentence

• Interest at the Default Rate and Net Cash Flow After Debt Service shall both be computed from the occurrence of the Event of Default until the actual receipt and collection of the Debt (or that portion thereof that is then due).

• Interest at the Default Rate and Net Cash Flow After Debt Service shall both be computed from the occurrence of the default until the actual receipt and collection of the Debt (or that portion thereof that is then due).

• Interest at the Default Rate and Net Cash Flow After Debt Service shall both be computed from the occurrence of the Default which gave rise to the Event of Default until the actual receipt and collection of the Debt (or that portion thereof that is then due).

• The acceptance of any payment of Net Cash Flow After Debt Service shall not be deemed to cure or constitute a waiver of any Event of Default.

• Lender retains its rights under the Note to accelerate and to continue to demand payment of the Debt upon the happening and during the continuance of any Event of Default, despite any payment of Net Cash Flow After Debt Service.

More Definitions of Net Cash Flow After Debt Service

Net Cash Flow After Debt Service means, for any Relevant Period, EBITDA after:

Net Cash Flow After Debt Service for any period, Net Operating Income for such period, minus (a) all expenditures during such period made by the Borrower in respect of tenant improvements, leasing commissions, capital expenditures and replacement reserves, and (b) all interest and principal payments (including Accelerated Amortization Payments) made on the Loans and the Existing Loans, and all interest actually paid on the 14% Debentures (other than payments of interest on the 14% Debentures made with the proceeds of cash contributions to the common equity of the Borrower by the Investors made contemporaneously with such interest payments), during such period.

Net Cash Flow After Debt Service for any period shall mean (a) the sum of (i) aggregate Net Rent for the Properties that are leased to a Master Tenant during such period plus (ii) the Gross Income From Operations for the Properties that are not leased to a Master Tenant less the aggregate Operating Expenses and Capital Expenditures for such Properties during such period, less (b) the Debt Service for such period.

Net Cash Flow After Debt Service for any period shall mean the amount obtained by subtracting Debt Service for such period from Net Cash Flow for such period. “Net Cash Flow Schedule” shall have the meaning set forth in Section 5.1.10(b) hereof. “Net Operating Income” shall mean the amount obtained by subtracting Operating Expenses from Gross Income from Operations. “Net Proceeds” shall have the meaning set forth in Section 6.4(b) hereof.

Net Cash Flow After Debt Service means all cash receipts of the Partnership, excluding cash available upon liquidation of the Partnership, in excess of amounts reasonably required for payment of operating expenses, repayment of current liabilities, repayment of amounts due under any mortgage loan secured by the Partnership Property, repayment of such amounts of the Partnership indebtedness as General Partner shall determine necessary or advisable, and the establishment of and additions to such cash reserves as General Partner shall deem necessary or advisable, including, but not limited to reserves for capital expenditures, replacements, contingent or unforeseen liabilities or other obligations of the Partnership.

Net Cash Flow After Debt Service for any period shall mean the -------------------------------- amount obtained by subtracting Debt Service for such period from Net Cash Flow for such period.

Net Cash Flow After Debt Service means (i) for any period that a Replacement Management Agreement is in effect, the amount obtained by subtracting Debt Service for such period from Net Cash Flow for such period or (ii) for any period that the Management Agreement is in effect, the “Borrower’s Remainder”.