Positive Cash Flow means steady income equal to or in excess of expenses.
Positive Cash Flow means the excess of: the total of all cash funds received by the Partnership during any fiscal period from its operations (without deduction for depreciation), but not including the proceeds of any contributions to the capital of the Partnership made by the Partners or the cash proceeds realized by the Partnership from any Capital transaction, as hereinafter defined, over the aggregate of: (i) all cash expenditures made incident to the operation of the Partnership's business; plus (ii) all principal, interest and other debt service payments on indebtedness of the Partnership, but not including the principal amount of any indebtedness discharged in connection with a Capital Transaction; plus (iii) reasonable reserves, as determined by the General Partner in its sole discretion, for working capital and contingencies and for improvements to and preservation and replacements of Partnership assets and property; plus (iv) all expenditures of any kind or nature whatsoever made in connection with the acquisition of the Property and other real and personal property (including the Property) and capital improvements (including constructing and completing the improvements), repairs and replacements; plus (v) all other expenditures made in connection with or incidental to the accomplishment of the purposes of the Partnership. 3.1.1 For the purposes of this Limited Partnership Agreement, "Negative Cash Flow" shall mean the excess, as calculated from time to time, of the aggregate of (i), (ii), (iii), (iv) and (v) in Section 3.1 above over the total of all cash funds received by the Partnership from its operations during any period for which Negative Cash flow is calculated by the General Partner. 3.2
Positive Cash Flow means an amount greater than zero, which amount is the sum of net income (loss) for Borrower and its Subsidiaries as of the end of the applicable fiscal year and all non-cash expenses of Borrower and its Subsidiaries for such fiscal year.
Examples of Positive Cash Flow in a sentence
Percentage Rent - In addition to the Base Rent, USC will receive 15% of Positive Cash Flow in years 1-30 and 50% in years 31-40.
Shall be invoiced separately and shall be payable to Positive Cash Flow Finance Limited in full without deduction or set off in accordance with the terms of payment.
OverviewBudgeting and Positive Cash Flow The school maintains balanced budgets and a positive cash flow.
Statutory References: 1002.33(7)(a)(10); 1002.33(7)(a)(11) School DataIndicator Findings Budgeting and Positive Cash Flow The school meets the criteria.
After the Project has been operational for three full calendar years, and for as long as the Authority Note and the Conduit Note are outstanding, the Owner shall deposit and maintain twenty-five percent (25%) of the Annual Net Positive Cash Flow for each year in an escrow account controlled by the Owner.
More Definitions of Positive Cash Flow
Positive Cash Flow means earnings of Cypress before interest, taxes, depreciation and amortization.
Positive Cash Flow shall have the meaning set forth in Section 2.2(e)(i) hereof.
Positive Cash Flow means for each calendar year the amount shown as a gain or as a positive amount on the “Net Available for Equity” line (F.C.-1 line 80) of the standard Agency reporting from required to be submitted to MassHousing with the annual audit. Payment of the loan is to be made annually, subject to MassHousing approval, after its reconciliation of the development’s annual audit. It is agreed no distribution will be allowed or paid from project funds until the repayment of the Replacement Reserve loan is made in it entirety.
Positive Cash Flow means that the farmer’s projected cash income (including all farm and non- farm income) exceeds or equals the farmer’s total estimated cash expenses (including all farm and non- farm debt service and other expenses) on an annualized basis.
Positive Cash Flow means, for any period of calculation for the Obligors on a consolidated basis, all calculated in accordance with GAAP, total receipts plus the proceeds of any Additional XxXxxxx Note received by Obligors during such period minus the sum of (i) total disbursements during such period (except and excluding disbursements constituting Debt service paid during such period), plus (ii) the amount of outstanding checks that have not been presented for payment during such period, the result being more than Zero Dollars ($0.00).”
Positive Cash Flow means that the receipts of the LLC exceed its expenses. For purposes of this Agreement, the term "Negative Cash Flow" shall mean that the receipts of the LLC are exceeded by its expenses. "Net Capital Receipts" shall mean the gross proceeds available to the LLC from all extraordinary receipt of proceeds (other than a capital contribution by either of the Members) after payment of all sums
Positive Cash Flow means the excess, if any, of the amount of Gross Xxxxxxxx over the total amount of Facility Expenses, but excluding depreciation and management fees to Manager under this Agreement.