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 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), plus ---- (c) any compensation received for management services provided by the Borrowers during such period in respect of any Franchises retained by (i) Triax pursuant to the Triax Acquisition Agreement and (ii) any Franchises retained by the seller pursuant to any Subsequent Acquisition Agreement during any such period plus (d) all Capital Expenditures made by Triax (or any such seller) in respect of Franchises retained during such period, provided that gross operating -------- revenues and operating expenses for any period shall exclude all extraordinary and unusual items and all non-cash items. 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 Credit Agreement ---------------- exceed 20% of gross operating revenues for such period (not including (i) extraordinary 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 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 (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).
Examples of System Cash Flow in a sentence
Other system risk metrics may include: (i) System Cash Flow analysis and (ii) Asset/Liability gap analysis.
This Security Agreement shall be binding upon and inure to the benefit of Secured Party and Xxxxxxxx and their respective successors and assigns; provided, however, that Borrower may not sell, assign or delegate rights and obligations hereunder without the prior written consent of Secured Party.
Those recommendations are: 1) Proceed with initial Next Gen Project implementation by approving Agenda Item E-2a, Fiscal Year 2014/15 Next Generation System Cash Flow Needs, for DPW and System Consulting Services to be funded by MERA Replacement Reserve for the balance of FY14-15.
Sewer System Cash Flow Projection (FY 2024 – FY 2028) 21Table 4-1.
More Definitions of System Cash Flow
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 ----
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 Borrowers and their Subsidiaries (determined on a combined basis without
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 of Borrower shall mean, for 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 Borrower, amounts constituting Allocation Items (as defined in the USC Management Agreement) that are payable (whether or not paid) pursuant to the terms of the USC Management Agreement, and expenses and costs directly related to the consummation of the transactions contemplated by the Loan Documents) of Borrower and its consolidated Subsidiaries (including, without limitation, Missouri Partnership) determined in accordance with GAAP and (to the extent consistent with GAAP) in a manner consistent with the past practices of Borrower; PROVIDED, HOWEVER, that such amounts shall be determined on the basis of the capitalization policies of Cablevision and its Affiliates as in effect on the Closing Date and set forth on Schedule 1 hereto; and PROVIDED FURTHER, HOWEVER, that to the extent that Cablevision or its Affiliates provides to any of Borrower, ECC, Essex or any of their respective 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 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.