Projected Net Cash Flow definition

Projected Net Cash Flow means, with respect to any Mortgaged Property that is a residential cooperative property, projected net operating income at such Mortgaged Property, as set forth in the Appraisal obtained with respect to such Mortgaged Property in connection with the origination of the related Mortgage Loan (or an updated Appraisal, if required hereunder), assuming such Mortgaged Property was operated as a rental property with rents set at prevailing market rates taking into account the presence of existing rent controlled or rent stabilized occupants, reduced by underwritten capital expenditures, property operating expenses, a market rate vacancy assumption and projected reserves.

Projected Net Cash Flow means, with respect to any Mortgaged Property that is a residential cooperative property, projected net operating income at such Mortgaged Property, as set forth in the Appraisal obtained with respect to such Mortgaged Property in connection with the origination of the related Mortgage Loan (or an updated Appraisal, if required hereunder), assuming such Mortgaged Property was operated as a rental property with rents set at prevailing market rates taking into account the presence of existing rent controlled or rent stabilized occupants, reduced by underwritten capital expenditures, property operating expenses, a market-rate vacancy assumption and projected reserves.

Projected Net Cash Flow means, in respect of each relevant period for which it is to be calculated, Revenues during such period minus Projected Payments during such period.

Examples of Projected Net Cash Flow in a sentence

• In the case of each Mortgaged Property securing a Co-op Mortgage Loan, the respective files and reports comprising the CMSA Reports shall present the Projected Net Cash Flow for such Mortgaged Property and the Debt Service Coverage Ratio for such Co-op Mortgage Loan, as such terms apply to residential cooperative properties, if and to the extent that such file or report requires preparation and/or submission of data concerning net cash flow or debt service coverage.

• Annually, within 120 days of the fiscal year end, if distributions to the Company exceed the Projected Net Cash Flow, seventy-five (75%) of the difference will be returned to the Managing Member/General Partner.

• Neither the NZFC nor the Rebate Panel will be under any obligation to exercise its discretion in a manner favourable to the applicant.

• The Dispute Engineer shall be asked to calculate a “risk adjusted” Projected Net Cash Flow Attributable to the Subject Interests by dividing the Projected Net Cash Flow Attributable to the Subject Interests so determined by 1.3 (the “Risked NPV”).

• The replacement Minimum Payment Amount for a particular Payment Date shall then equal (i)(A) Projected Net Cash Flow Attributable to the Subject Interests between the previous Payment Date and the applicable Payment Date divided by (B) Projected Net Cash Flow Attributable to the Subject Interests for the remaining Payment Period multiplied by (ii) the aggregate outstanding amount of the Loans.

More Definitions of Projected Net Cash Flow

Projected Net Cash Flow means, with respect to any Mortgaged Property that is a residential cooperative property, projected net operating income at such Mortgaged Property, determined in a manner consistent with the Appraisal obtained with respect to such Mortgaged Property in connection with the origination of the related Mortgage Loan (or an updated Appraisal, if required hereunder), assuming such Mortgaged Property was operated as a rental property with rents set at prevailing market rates taking into account the presence of existing rent controlled or rent stabilized occupants, reduced by underwritten capital expenditures, property operating expenses, a market-rate vacancy assumption and projected reserves.

Projected Net Cash Flow means the net cash flow which Borrowers reasonably expect to receive from an Asset Portfolio (excluding net cash flow from Excluded Loans) which has been determined in a manner consistent with Borrowers' past practices and not less comprehensive than Standard Industry Practices, which cash flow projection has been made or updated not later than six months from the date when it is to be used under this Agreement.

Projected Net Cash Flow means the Borrower's estimate of the operating earnings from the assets acquired pursuant to such transaction for the twelve (12) month period immediately following the closing of such transaction, before tax, plus any depreciation and amortization included in such estimated operating earnings, all determined in accordance with generally accepted accounting principles and based upon such assumptions as are reasonably acceptable to the Majority Banks) and (ii) the Agent shall have received (A) a certificate of a Responsible Officer of the Borrower showing satisfaction of the condition set forth in Section 6.07(e)(i), and (B) such other documents, opinions and information that the Agent or the Majority Banks may reasonably request in order to substantiate the same.

Projected Net Cash Flow means, as of any measurement date, the North America net cash flow (measured on a cumulative basis for a period commencing on the first week in the initial Approved Projection and ending on the last day of the week with respect to which the applicable Variance Report is delivered) as set forth in the Approved Projection for the relevant period of measurement; and (D) “Cumulative Disbursements” means, as of any measurement date, the the aggregate amount of disbursements (measured on a cumulative basis for a period commencing on the first week in the initial Approved Projection and ending on the last day of the week with respect to which the applicable Variance Report is delivered) as set forth in the Approved Projection for the relevant period of measurement.

Projected Net Cash Flow means the sum of projected sources of cash for the given year less the sum of projected uses of cash for the given year.

Projected Net Cash Flow means, with respect to a calendar year, the higher of either (a) the estimated cumulative net cash flow for such year attributable to Partnership Wells as set forth in the T.J. Smith Report or (b) the estimated cxxxxxtive net cash flow fox xxxx xxxr attributable to Partnership Wells as set forth in the annual Engineering Report prepared with xxxxxct to the calendar year immediately prior to the year in which the determination of Projected Net Cash Flow is being calculated. For purposes of making this calculation, the estimated net cash flow shall be proportionately reduced to take into account the working interest actually owned by the Partnership in the Partnership Wells (to the extent that the Partnership owns less than 8/8ths of xxx working interest therein). As used in this definition and for purposes of making the calculation contemplated thereby, the term "PARTNERSHIP WELL" shall mean a well in which the Partnership has an interest and which is then currently producing.

Projected Net Cash Flow means “Net Cash Flow” for one or more Members, a Project or the Obligated Group, as the context requires, where Net Income is projected for a future period using reasonable, consistently applied and stated assumptions including reasonable assumptions as to the revenues to be generated by the new or renovated facility which is anticipated to be financed by the proposed Indebtedness.