Surplus Cashflow definition

Surplus Cashflow means Consolidated Cashflow during any financial year:
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Surplus Cashflow means, for any period for which Cashflow is calculated, Cashflow for that period less the obligations of the Group in respect of Financial Indebtedness which are actually paid during that period. "Swap Document" means any interest rate hedging agreement (substantially in the form agreed by the Company and the Agent prior to the date of this Agreement) entered into by the Company with any of the Banks party to this Agreement as at the date of this Agreement and any confirmation entered into pursuant to any such agreement. "Syndication" means the primary syndication (including the initial syndication to sub-underwriters and the subsequent general syndication) by the Arrangers of the Facilities. "Syndication Agreement" means an agreement substantially in the form of Part III of Schedule 5. "Syndication Letter" means a letter dated the date of this Agreement from the Arrangers to the Company in respect of the Syndication and other matters. "Target" means London Electricity plc (Registered no. 2366852). "Total Commitments" means the aggregate of the Total Facility A Commitments, the Total Facility B Commitments and the Total Facility C Commitments, being 1,250,000,000 pounds at the date of this Agreement. "Total Facility A Commitments" means the aggregate for the time being of the Facility A Commitments, being the amount agreed in the Syndication Letter. "Total Facility B Commitments" means the aggregate for the time being of the Facility B Commitments, being the amount agreed in the Syndication Letter. "Total Facility C Commitments" means the aggregate for the time being of the Facility C Commitments, being the amount agreed in the Syndication Letter. "Unconditional Acceptances Date" means the date on which the Offer is declared or becomes unconditional as to acceptances. "Utilisation" means a Loan or the Guarantee. "Utilisation Date" means a Drawdown Date or the Issue Date.
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Surplus Cashflow means, in relation to the period of 24 months to 31 December 2005 or any subsequent financial year of the Company, Cashflow for that period of 24 months or financial year (as applicable) minus:
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Examples of Surplus Cashflow in a sentence

  • Any mandatory or involuntary prepayment of a Credit, including any prepayment in accordance with Clause 11.2 (Mandatory prepayment - illegality), 11.3 (Mandatory prepayment - Change of control/ownership), 11.4 (Mandatory prepayment - Disposals and Share Disposals), 11.5 (Mandatory prepayment - Surplus Cashflow), 11.6 (Mandatory prepayment - Bonds, Equity and Bridge Facility) or 11.7 (Mandatory prepayment - insurance proceeds) may not be re-borrowed and the associated Commitment will be cancelled.


More Definitions of Surplus Cashflow

Surplus Cashflow means:
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Surplus Cashflow as defined in Clause 11.5 (Mandatory prepayment - Surplus Cashflow) was [ ].
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Surplus Cashflow means in respect xx xxxx Excluded Group (a) Cashflow for the Relevant Period (or in the case of the Securitisation Group, the Securitisation Relevant Period) to the extent attributable to that Excluded Group less (b) Total Debt Service for the Relevant Period (or in the case of the -29- Securitisation Group, the Securitisation Relevant Period) to the extent attributable to that Excluded Group;
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Surplus Cashflow as defined in Clause 11.5 (Mandatory prepayment - Surplus Cashflow) was [ ]. 3. We set out below calculations establishing the figures in paragraph 2 above: [ ]. 4. We confirm that the following companies were Material Subsidiaries at [relevant testing date]: [ ]. 5. [We confirm that no Default is outstanding as at [relevant testing date].* 6. We confirm that at the relevant test date the aggregate amount of all Felsted Investments outstanding under all Felsted Contracts which have not been completed, as specified in Clause 23.30 (Felsted), is [ ].
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Surplus Cashflow means Consolidated Cashflow for any financial year or for the financial half-year comprising the period from 1st April, 2002 to 28th September, 2002:
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Related to Surplus Cashflow

  • Excess Cashflow With respect to any Distribution Date, an amount, if any, equal to the sum of (a) the Remaining Excess Spread for such Distribution Date and (b) the Overcollateralization Release Amount for such Distribution Date.

  • Surplus Cash means, with respect to any period, any revenues of Borrower remaining after paying, or setting aside funds for paying, all the following:

  • Cashflow has the meaning given to that term in Clause 22.1 (Financial definitions).

  • Monthly Excess Cashflow For any Distribution Date, an amount equal to the sum of the Monthly Excess Interest and Overcollateralization Release Amount, if any, for such date.

  • Net Monthly Excess Cashflow With respect to each Distribution Date, the sum of (a) any Overcollateralization Release Amount for such Distribution Date and (b) the excess of (x) Available Funds for such Distribution Date over (y) the sum for such Distribution Date of (A) the Monthly Interest Distributable Amounts for the Class A Certificates and the Mezzanine Certificates, (B) the Unpaid Interest Shortfall Amounts for the Class A Certificates and (C) the Principal Remittance Amount.

  • Excess Cash Flow Payment Date means the date occurring 90 days after the last day of a fiscal year of the Parent (commencing with its fiscal year ending December 31, 2000).

  • Excess Cash Flow means, for any period, an amount equal to the excess of:

  • Excess Cash Flow Payment Period means, with respect to the repayment required on each Excess Cash Flow Payment Date, the immediately preceding fiscal year of the Borrower.

  • Surplus Amount in respect of a particular Bid by an Anchor Investor, shall mean any amount paid in respect of such Bid that is in excess of the amount arrived at by multiplying the number of Equity Shares allocated in respect of such Bid with the Anchor Investor Offer Price, and shall include Bid Amounts below the Anchor Investor Offer Price, in respect of which no Equity Shares are to be Allotted, and in respect of refunds that are to be made after transfer of monies to the Public Offer Account, the Surplus Amount shall mean all Bid Amounts to be refunded after the transfer of monies to the Public Offer Account. For the sake of clarity, in case of an unsuccessful Bid by an Anchor Investor, the entire amount paid towards the Bid shall be considered to be the Surplus Amount;

  • Excess Cash Flow Application Date as defined in Section 2.12(c).

  • Surplus funds means, at any given date, the excess of cash and other recognized assets that are expected to be resolved into cash or its equivalent in the natural course of events and with a reasonable certainty, over the liabilities and necessary reserves at the same date.

  • Net Monthly Excess Cash Flow For any Distribution Date the amount remaining for distribution pursuant to subsection 4.02(a)(iii) (before giving effect to distributions pursuant to such subsection).

  • Surplus Fund means the fund by that name established pursuant to the Second Resolution.

  • Operating Revenue Cash Flows means the Company’s cash flow from ownership and/or operation of (i) Properties, (ii) Loans, (iii) Permitted Investments, (iv) short-term investments, and (v) interests in Properties, Loans and Permitted Investments owned by any Joint Venture or any partnership in which the Company or the Partnership is, directly or indirectly, a co-venturer or partner.

  • Excess Cash Flow Period means each fiscal year of the Borrower, commencing with the fiscal year of the Borrower ending on December 31, 2016.

  • Excess Cash Flow Percentage 50%; provided that the Excess Cash Flow Percentage shall be reduced to (a) 25% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 3.75 to 1.00 and (b) to 0% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 2.25 to 1.00.

  • Available Cash Flow means an amount, with respect to each Fiscal Year or portion thereof during the Term, equal to the excess, if any, of the Operating Profit over the Owner’s Priority.

  • Cash Flow Available for Debt Service for any period, means (i) Cash Flow received during such period minus (ii) (A) all O&M Costs paid during such period and (B) if an Equity Cure has been made in any fiscal quarter during the period for which Cash Flow Available for Debt Service is calculated, the lesser of the aggregate amount of (x) such Equity Cure during such period and (y) the aggregate amount of cash distributions paid by the Company during such period.

  • Group 1 Available Funds As to any Distribution Date, the sum of (a) the aggregate amount held in the Collection Account at the close of business on the related Servicer Remittance Date and, without duplication, on deposit in the Distribution Account at the close of business of the related Distribution Account Deposit Date, attributable to the Group 1 Mortgage Loans net of (i) the Amount Held for Future Distribution related to the Group 1 Mortgage Loans, (ii) amounts related to the Group 1 Mortgage Loans permitted to be withdrawn from the Collection Account pursuant to clauses (i)-(viii) inclusive and clauses (ix)(a)(ii) and (iii), (ix)(b), (x) and (xi) of Section 3.10(a), (iii) after giving effect to all amounts deposited to the Distribution Account from the Collection Account, amounts related to the Group 1 Mortgage Loans permitted to be withdrawn from the Distribution Account pursuant to clauses (i)-(iv) inclusive of Section 3.10(b), and (iv) any Fair Market Value Excess, (b) the amount of the related Advances related to the Group 1 Mortgage Loans and (c) in connection with Defective Mortgage Loans in Loan Group 1, as applicable, the aggregate of the Purchase Prices and Substitution Adjustment Amounts deposited on the related Distribution Account Deposit Date.

  • Net Loss Amount means the sum of Cumulative Loss Amounts under this Single Family Shared-Loss Agreement and Aggregate Net Charge-Offs under the Commercial Shared-Loss Agreement.

  • Net Loss Proceeds means, with respect to any Event of Loss, the proceeds in the form of (a) cash or Cash Equivalents and (b) insurance proceeds, condemnation awards or damages awarded by any judgment, in each case received by the Company from such Event of Loss net of:

  • Distributable Cash Flow means the cash flow available for distribution to Shareholders as dividends as described under “Dividends”;

  • Cash Flow from Operations means net cash funds provided from operations, exclusive of Cash from Sales or Refinancing, of the Company or investment of any Company funds, without deduction for depreciation, but after deducting cash funds used to pay or establish a reserve for expenses, debt payments, capital improvements, and replacements and for such other items as the Board of Directors reasonably determines to be necessary or appropriate and subject to Loan Conditions.

  • Group II Available Funds As defined in Section 7.3(a)(ii) hereof.

  • Collateral Available Funds means with respect to any Distribution Date, the Collateral Floating Percentage of Reallocated Investor Finance Charge Collections with respect to the preceding Monthly Period.

  • Cumulative Excess Cash Flow means the sum of Excess Cash Flow (but not less than zero in any period) for the fiscal year ending on December 31, 2013 and Excess Cash Flow for each succeeding completed fiscal year.