System Cash Flow means, for any period, the sum, for the Borrowers and their Subsidiaries (determined on a combined basis without duplication in accordance with GAAP), of the following: (a) gross operating revenues (not including extraordinary or unusual items but including business interruption insurance (to the extent it represents lost revenue for such period)) for such period minus (b) all operating expenses (not including extraordinary or unusual items) for such period, including, without limitation, technical, programming and selling, general and administrative expenses, but excluding (to the extent included in operating expenses) income taxes, Management Fees, depreciation, amortization, interest expense (including, without limitation, all items included in Interest Expense) and any extraordinary or unusual items plus (c) any compensation received for management services provided by the Borrowers during any such period in respect of any Franchises retained by the seller pursuant to any agreement for the purchase of such Franchises by the Borrowers during any such period plus (d) non-cash operating expenses, including, without limitation, any non-cash compensation expense realized from grants of equity instruments or other rights (including, without limitation, stock options, stock appreciation or other rights, restricted stock, restricted stock units, deferred stock and deferred stock units) to officers, directors and employees of the Borrowers and their Subsidiaries. For the purposes of determining System Cash Flow, gross operating revenues will include revenues received in cash in respect of investments, so long as such investments are recurring (i.e. reasonably expected to continue for four or more fiscal quarters) and do not for any period exceed 20% of gross operating revenues for such period (not including (i) extraordinary or unusual items and (ii) such investment revenues). Notwithstanding the foregoing, if during any period for which System Cash Flow is being determined the Borrowers or any of their Subsidiaries shall have consummated any acquisition of any CATV System or other business, or consummated any Disposition, then, for all purposes of this Agreement (other than for purposes of the definitions of “Excess Cash Flow” and “Available Amount”), System Cash Flow shall be determined on a pro forma basis as if such acquisition or Disposition had been made or consummated on the first day of such period.
System Cash Flow means, for any period, the sum, for the Borrowers and their Subsidiaries (determined on a combined basis without duplication in accordance with GAAP), of the following: (a) gross operating revenues (not including extraordinary or unusual items but including business interruption insurance (to the extent it represents lost revenue for such period)) for such period minus (b) all operating expenses (not including extraordinary or unusual items) for such period, including, without limitation, technical, programming and selling, general and administrative expenses, but excluding (to the extent included in operating expenses) income taxes, Management Fees, depreciation, amortization, interest expense (including, without limitation, all items included in Interest Expense) and any extraordinary or unusual items plus (c) any compensation received for management services provided by the Borrowers during any such period in respect of any Franchises retained by the seller pursuant to any agreement for the purchase of such Franchises by the Borrowers during any such period plus (d) non-cash operating expenses, including, without limitation, any non-cash compensation expense realized from grants of equity instruments or other rights (including, without limitation, stock options, stock appreciation or other rights, restricted stock, restricted stock units, deferred stock and deferred stock units) to officers, directors and employees of the Borrowers and their Subsidiaries. For the purposes of determining System Cash Flow, gross operating revenues will include revenues received in cash in respect of investments, so long as such investments are recurring (i.e. reasonably expected to continue for four or more fiscal quarters) and do not for any period exceed 20% of gross operating revenues for such period (not including (i) extraordinary or unusual items and (ii) such investment revenues).
System Cash Flow means, for any period, the sum, for the Borrower and ---------------- its Subsidiaries (determined on a consolidated basis without duplication in accordance with GAAP), of the following: (a) gross operating revenues for such period minus (b) all operating expenses for such period, including, without ----- limitation, technical, programming and selling, general and administrative expenses, but excluding (to the extent included in operating expenses) income taxes, Management Fees, depreciation, amortization and interest expense (including, without limitation, all items included in Interest Expense), provided that gross operating revenues and operating expenses for any period -------- shall exclude all extraordinary and unusual items and all non-cash items, plus ---- (c) all payments received by the Borrower during such period pursuant to any Retained Franchise Management Agreement plus (d) all Capital Expenditures made ---- by the Sellers in respect of Retained Franchises during such period. Notwithstanding the foregoing, if during any period for which System Cash Flow is being determined the Borrower or any of its Subsidiaries shall have consummated any acquisition of any CATV System or other business, or consummated any Disposition, then, for all purposes of this Agreement (other than for purposes of the definition of Excess Cash Flow), System Cash Flow shall be determined on a pro forma basis as if such acquisition or Disposition had been made or consummated on the first day of such period. Credit Agreement ----------------
Examples of System Cash Flow in a sentence
Evidence, that as of the Effective Date ------------------------- and after giving effect to the Lower Delaware Acquisition, based on the three- month period ended May 31, 1997, the product of (i) such Adjusted System Cash Flow times (ii) four is at least equal to $10,800,000 (or, if the Sea Colony ----- Consent (as defined in the Lower Delaware Acquisition Agreement) has not been obtained, at least equal to $10,600,000).
More Definitions of System Cash Flow
System Cash Flow means, for any period, the sum, for the Borrowers and their Subsidiaries (determined on a combined basis without duplication in accordance with GAAP), of the following: (a) gross operating revenues (not including extraordinary or unusual items but including business interruption insurance (to the extent it represents lost revenue for such period)) for such period minus (b) all operating expenses (not including extraordinary or unusual items) for such period, including, without limitation, technical, programming and selling, general and administrative expenses, but excluding (to the extent included in operating expenses) income taxes, Management Fees, depreciation, amortization, interest expense (including, without limitation, all items included in Interest Expense) and any extraordinary or unusual items plus (c) any compensation received for management services provided by the Borrowers during any such period in respect of any Franchises retained by the seller pursuant to any agreement for the purchase of such Franchises by the Borrowers during any such period. For the purposes of determining System Cash Flow, gross operating revenues will include revenues received in cash in respect of investments, so long as such investments are recurring (i.e. reasonably expected to continue for four or more fiscal quarters) and do not for any period exceed 20% of gross operating revenues for such period (not including (i) extraordinary or unusual items and (ii) such investment revenues). Credit Agreement Notwithstanding the foregoing, if during any period for which System Cash Flow is being determined the Borrowers or any of their Subsidiaries shall have consummated any acquisition of any CATV System or other business, or consummated any Disposition, then, for all purposes of this Agreement (other than for purposes of the definition of Excess Cash Flow), System Cash Flow shall be determined on a pro forma basis as if such acquisition or Disposition had been made or consummated on the first day of such period.
System Cash Flow means, for any period, the sum, for the Borrowers and ---------------- their Subsidiaries (determined on a combined basis without duplication in accordance with GAAP), of the following: (a) gross operating revenues for such period minus (b) all operating expenses for such period, including, without ----- Credit Agreement ---------------- limitation, technical, programming and selling, general and administrative expenses, but excluding (to the extent included in operating expenses) income taxes, Management Fees, the first $100,000 of Manager Expenses during any fiscal year, depreciation, amortization and interest expense (including, without limitation, all items included in Interest Expense), provided that gross -------- operating revenues and operating expenses for any period shall exclude all extraordinary and unusual items and all non-cash items. Notwithstanding the foregoing, (i) if during any period for which System Cash Flow is being determined the Borrowers shall have consummated any acquisition of any CATV System or other business (excluding, however, any of the Spring 1997 Acquisitions), or consummated any Disposition, then, for all purposes of this Agreement (other than for purposes of the definition of Excess Cash Flow), System Cash Flow shall be determined on a pro forma basis as if such acquisition or Disposition had been made or consummated on the first day of such period.
System Cash Flow means, for any period, the sum, for ---------------- the Company and its Subsidiaries (determined on a consolidated basis), of the following: (i) the gross operating revenues for such period minus (ii) all ----- operating expenses for such period, including, without limitation, technical, programming and selling, general and administrative expenses, but excluding (to the extent included in operating expenses) income taxes, depreciation, amortization, interest expense, and any payments described in Section 5.13 of this Agreement; provided, however, that gross operating revenues and operating -------- ------- expenses for any period shall exclude all extraordinary and unusual items and all non-cash items.
System Cash Flow means, for any period, the sum, for the
System Cash Flow as of any date of determination, an amount equal to (a) gross revenues minus operating expenses (other than corporate overhead and administrative expenses), in each case for the fiscal quarter most recently ended in respect of which the Borrower shall have delivered the Compliance Certificate pursuant to Section 7.1(c), directly attributable to the cable television systems owned and operated by the Borrower and the Restricted Subsidiaries, Insight Communications Company, L.P. -- Amendment No. 4 multiplied by (b) four. Notwithstanding anything to the contrary contained in this definition, for purposes of determining "System Cash Flow" only, all Acquisitions, Dispositions and Exchanges occurring during a fiscal quarter shall be deemed to have occurred on the first day of such quarter.
System Cash Flow mean, for the Partnership and its consolidated Subsidiaries during any period, the consolidated operating income (before extraordinary items, interest, taxes, depreciation, amortization, non-cash charges and other non-cash items and, with respect to the Partnership, amounts constituting Allocation items (as defined in the Management Agreement) that are payable (whether or not paid) pursuant to the terms of the Management Agreement, and expenses and costs directly related to the consummation of the Prepayment Transactions) of the Partnership and its consolidated Subsidiaries (including, without limitation, Missouri Cable Partners, L.P.) determined in accordance with GAAP (as defined in the USC Senior Loan Agreement) and (to the extent consistent with GAAP) in a manner consistent with the past practices of USC; PROVIDED, HOWEVER, that such amounts shall be determined on the basis of the capitalization polices of CSC and its affiliates as specified in Schedule 1 to the USC Senior Loan Agreement; and PROVIDED FURTHER, HOWEVER, that to the extent that CSC or any of its affiliates provides to any of the Partnership or any of its Subsidiaries goods or services for consideration which is below the fairly allocable cost thereof, for purposes of the calculations herein, such goods and services shall be deemed to be provided at the fairly allocable cost.
System Cash Flow means, for any period, the sum, for the Borrowers and their Subsidiaries (determined on a combined basis without