Net Excess Cash Flow definition

Net Excess Cash Flow shall have the meaning set forth in Section 3.1.6(a).

Net Excess Cash Flow shall have the meaning set forth in Section 3.1.5(a).

Net Excess Cash Flow means the amount available in the Mezzanine Account after the transfers to the Mezzanine Debt Service Reserve Account required under this Section 3.1.6 have been made and the term “Net Excess Cash Flow Commencement Date” shall mean the date such amounts have been fully funded or reserved within the Mezzanine Account in any given calendar month.

Examples of Net Excess Cash Flow in a sentence

• From and after the transfer of such Net Excess Cash Flow to Mezzanine Borrower, Mezzanine Lender shall have no further liability or responsibility with respect to the funds so transferred or the investment thereof, such Net Excess Cash Flow shall be the property of Mezzanine Borrower and may be further distributed by Mezzanine Borrower and its Affiliates in accordance with their separate agreements.

• At such time that the Event of Default shall no longer be continuing and provided no other Event of Default shall have occurred and be continuing under the Mortgage Loan, any Senior Mezzanine Loan, or Mezzanine Loan, then all Net Excess Cash Flow shall be distributed in accordance with the provision of subsection (c) above.

• Mezzanine Borrower hereby authorizes the filing of a form UCC-1 financing statement naming Mezzanine Borrower as debtor and Mezzanine Lender as secured party in any office (including the office of the Secretary of State of the State of Delaware) covering all property of Mezzanine Borrower (including, but not limited to, the Account Collateral (Mezzanine) and the Rate Cap Collateral (Mezzanine), but excluding Net Excess Cash Flow).

• Provided that there is no then continuing Default or Event of Default or default or event of default under the Mortgage Loan Documents, interest paid on amounts deposited in the Mezzanine Accounts shall be disbursed to the Borrowers' Net Excess Cash Flow Account not less frequently than quarterly, except to the extent that any amounts are then required to be deposited to the Notes Reserve Fund Sub-Account pursuant to this Agreement.

• Mezzanine Borrower hereby authorizes the filing of a form UCC-1 financing statement naming Mezzanine Borrower as debtor and Mezzanine Lender as secured party in any office (including the office of the Secretary of State of the State of Delaware) covering all property of Mezzanine Borrower (including, but not limited to, the Account Collateral (Junior Mezzanine) and the Rate Cap Collateral (Junior Mezzanine), but excluding Net Excess Cash Flow).

More Definitions of Net Excess Cash Flow

Net Excess Cash Flow means, for any period, the sum, without duplication, of:

Net Excess Cash Flow means, with respect to each particular Region in which Continucare provides Program Services an amount equal to the difference between aggregate net revenues received in respect of Program Services within such Region during any fiscal month MINUS the aggregate amount of costs and expenses incurred in connection with operating Program Facilities in such Region and providing Program Services in such Region during such fiscal month; all calculated on a cash basis.

Net Excess Cash Flow. As defined in Section 7(a), below.

Net Excess Cash Flow means, for any Fiscal Year, the amount of Gross Excess Cash Flow for such Fiscal Year (or, in the case of the Fiscal Year ending December 31, 2005, the portion thereof accumulating since July 1, 2005) minus (to the extent not otherwise deducted in calculating the amount of such Gross Excess Cash Flow)

Net Excess Cash Flow means, for any period, the sum, without duplication, of

Net Excess Cash Flow means, as to any month, the amount by which Gross Income in such month exceeds Expenses in such month.

Net Excess Cash Flow means, for any period, the amount equal to 50% of Excess Cash Flow for such period minus the amount of any reductions (whether voluntary or mandatory) of the Aggregate Acquisition Loan Commitment which do not require the repayment of Acquisition Loans;