Retained Excess Cashflow means Excess Cashflow which is not required to be applied in making any prepayment under the Finance Documents.
Retained Excess Cashflow has the meaning given to that term in Clause 22.1 (Financial definitions).
Retained Excess Cashflow means Excess Cashflow which is not required for any other purpose pursuant to the Finance Documents and has not been paid as (or allocated to be paid as) a Permitted Distribution or a Permitted Payment or loaned as a Permitted Loan (other than (for the purpose of paragraph (i)(B) of the definition of Cashflow only), in each case, to another member of the Group).
Examples of Retained Excess Cashflow in a sentence
We confirm that an amount of U.S.$[ ] of [Total Purchase Price] / [Joint Venture Investment] / [Capital Expenditure] relating to [ ] [made] / [incurred] on [ ] has been funded from [Retained Excess Cashflow] / [Now Shareholder Injections] (which has not been previously applied or allocated for a particular purpose.
The aggregate Capital Expenditure of the Group (other than Capital Expenditure funded by the retention of the proceeds of Recovery Claims, Disposals, insurance claims or Retained Excess Cashflow (excluding any Permitted Carry Forward Amount) in respect of any Financial Year shall not exceed 110 per cent.
More Definitions of Retained Excess Cashflow
Retained Excess Cashflow we confirm that the amount of Retained Excess Cashflow generated in and relating to the financial year of the Group ending on [ ] was [ ] (the “Applicable Financial Year”).
Retained Excess Cashflow means accumulated unspent Excess Cashflow from previous years identified in the Compliance Certificate delivered with the annual audited accounts of the Group, in each case to the extent Not Otherwise Applied.
Retained Excess Cashflow in respect of any Financial Year means the Excess Cashflow referable to that Financial Year (including the Excess Cashflow De Minimis) less any amount of such Excess Cashflow which is required to be applied in prepayment of the Facilities or which has been applied for any purpose permitted under this Agreement (including any voluntary prepayment of the Facilities pursuant to Clause 8.6 (Excess Cash Flow Voluntary prepayments)).
Retained Excess Cashflow means Excess Cashflow arising from a previous Financial Year not required to be prepaid in mandatory prepayment under a Credit Facility.
Retained Excess Cashflow has the meaning given to such term in Clause 26.1 (Financial definitions).
Retained Excess Cashflow means Excess Cashflow which is not required to be applied in making any prepayment under this Agreement.
Retained Excess Cashflow has the meaning give to that in Clause 23.1 (Financial definitions). Retained Net Proceeds means the aggregate of: