Operating Cap definition

Operating Cap means two hundred fifty thousand dollars ($250,000).
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Operating Cap means an amount of money not to exceed $50,000 in any Fiscal Year requested by the Corporation in order to provide for payment of the Corporation Expenses.
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Operating Cap means the sum of (i) during the Fiscal Year ending June 30, 2007, one million dollars ($1,000,000) and, during each Fiscal Year thereafter, an amount equal to one hundred three percent (103%) of the Operating Cap for the prior Fiscal Year, plus Tax Obligations the Corporation estimates to be payable during such Fiscal Year or to be reserved for estimated payments to be payable in subsequent fiscal years.
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Examples of Operating Cap in a sentence

  • The Officer’s Certificate may also set forth Operating Expenses (including Enforcement Expenses) that have already been incurred by the Authority but that have not yet been paid, provided that the Operating Cap shall nonetheless continue to apply to such amounts.

  • The Authority may at any time also submit a supplemental Officer’s Certificate setting forth Operating Expenses (including Enforcement Expenses) and Tax Obligations in excess of the Operating Cap.


More Definitions of Operating Cap

Operating Cap means (1) $250,000 in the Fiscal Year ending June 30, 2003, inflated in each following Fiscal Year by the percentage representing the fraction “x” over “y,” where “x” equals the Inflation Adjustment Percentage (as defined in the MSA) applicable to MSA payments due in such Fiscal Year, and “y” equals the Inflation Adjustment Percentage applicable to MSA payments due in the preceding Fiscal Year, plus (2) in each Fiscal Year, arbitrage payments, rebate, and penalties specified in an Officer’s Certificate, plus (3) for the Fiscal Year ending June 30, 2003 only, an additional amount of$500,000.
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Operating Cap means for the Fiscal Year ending June 30, 2015, [ ] dollars ($[ ]) and, for each Fiscal Year thereafter, an amount equal to one hundred three percent (103%) of the Operating Cap for the prior Fiscal Year.
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Operating Cap means the sum of (i) during the Fiscal Year ending June 30, 2007, one million dollars ($1 ,000,000) and, during each Fiscal Year thereafter, an amount equal to one hundred three percent (1 03%) of the Operating Cap for the prior Fiscal Year,pius Tax Obligations the Corporation estimates to be payable during such Fiscal Year or to be reserved for estimated payments to be payable in subsequent fiscal years.
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Operating Cap means for the Fiscal Year ending June 30, 2005, one million dollars ($1,000,000) and, for each Fiscal Year thereafter, an amount equal to one hundred three percent (103%) of the Operating Cap for the prior Fiscal Year.
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Operating Cap means (i) $250,000 in the Fiscal Year ending June 30, 2020, inflated in each following Fiscal Year by the greater of 3% or the percentage increase in the Consumer Price Index for All Urban Consumers as published by the Bureau of Labor Statistics for December of the prior year, plus (ii) in each Fiscal Year, Tax Obligations, if any, specified in an Officer’s Certificate.
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Operating Cap means dollars ($ ).
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Related to Operating Cap

  • 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.

  • Net Operating Cash Flow means the net cash flow to the Partnership resulting from ownership and operation of the Partnership Property, plus any other items of income received in cash by the Partnership less (i) all debts and expenses paid in the operation of the Partnership, (ii) any reserves which the General Partners deem reasonably necessary for the operation of the Partnership or for the satisfaction of obligations of the Partnership pursuant to Section 8.6, and (iii) all proceeds which are (A) received by the Partnership from the Transfer of Partnership Property, and (B) used to purchase or reserved, as determined by the General Partners in furtherance of their fiduciary duties hereunder and under the Act, for the purchase of other Partnership Property.

  • Actual Working Capital has the meaning set forth in Section 2.7(a).

  • 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.

  • Target Net Working Capital means $36,500,000.

  • Target Working Capital has the meaning set forth in Section 2.06(a)(ii).

  • Net Working Capital means, at any time, Consolidated Current Assets at such time minus Consolidated Current Liabilities at such time.

  • Estimated Closing Net Working Capital has the meaning set forth in Section 2.5.

  • Working Capital Escrow Amount means $500,000.

  • Target Net Working Capital Amount means $0.

  • Consolidated Operating Cash Flow means, with respect to the Company and its Subsidiaries on a consolidated basis, for any period, an amount equal to Consolidated Net Income for such period increased (without duplication) by the sum of:

  • Net Working Capital Target means $0.00.

  • Closing Net Working Capital has the meaning set forth in Section 2.6(a).

  • Working Capital means Current Assets less Current Liabilities.

  • Target Working Capital Amount means $162,000,000.

  • Working Capital Assets means the current assets of Company and its Subsidiaries as of the Effective Time (including all Cash and Cash Equivalents), each determined in accordance with Accounting Principles but excluding all Tax assets; provided, however, in no event shall any accounts receivable relating to item #3 (System Gain/Loss) on Schedule 4.5 be included as a current asset of the Company or its Subsidiaries.

  • Permitted Capital Expenditures has the meaning given that term in Section 9.12(b).

  • Net Working Capital Adjustment means (a) the amount by which Net Working Capital as of immediately prior to the Closing exceeds Target Net Working Capital or (b) the amount by which Net Working Capital as of immediately prior to the Closing is less than Target Net Working Capital, in each case, if applicable; provided, that any amount which is calculated pursuant to clause (b) above shall be deemed to be a negative number.

  • Net Working Capital Amount means, with respect to a Participating McNeil Partnership, the excess of the Positive Excess Cash Balance of such Participating McNeil Partnership over the cash on hand of such Participating McNeil Partnership immediately prior to the Effective Time.

  • Annualized Operating Cash Flow means, for any fiscal quarter, the Operating Cash Flow for such fiscal quarter multiplied by four.

  • Final Working Capital has the meaning set forth in Section 2.4(b)(iii).

  • Working Capital Target has the meaning set forth in Section 1.3(b).

  • Working Capital Reserve shall have the meaning set forth in the Partnership Agreement.

  • Final Closing Net Working Capital has the meaning set forth in Section 2.6(c).

  • Consolidated Working Capital Adjustment means, for any period on a consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.

  • Estimated Net Working Capital shall have the meaning set forth in Section 2.3(a).