Cash Flow from Operations. Cash flow from operations from the annual audited financial statements filed with the Securities and Exchange Commission. The cost of operations of the water treatment plant at Mount Exxxxx, interest income and income taxes paid will be added back to compute Cash Flow from Operations for purposes of this Performance Compensation Plan. Return on Equity Factor (“RXX”) – Positive addition to Retained Earnings and or a reduction of the prior year loss which results in a reduction of Retained Earnings. Earnings Per Share Factor (“EPS”) – Improvement in earnings per share from prior year. Budget – Meet expense goals outlined in annual operating budget with Board approved modifications throughout the year. Schedule A
Cash Flow from Operations. Commencing on September 30, 2008, as of the last day of each of the following Fiscal Quarters, the Cash Flow Coverage Ratio shall be greater than or equal to: Fiscal Quarter Ending Applicable Ratio September 30, 2008 1.25:1.00 December 31, 2008 1.25:1.00 March 31, 2009 0.40:1.00 June 30, 2009 1.00:1.00 September 30, 2009 and thereafter 1.25:1.00
Cash Flow from Operations. ‘‘Cash Flow from Operations’’ means all cash available to the Company from its Ordinary Course of Business activities remaining after payment of current expenses, liabilities, debts or obligations of the Company (other than principal or interest on Member Loans).
Cash Flow from Operations. If as of the last day of any Fiscal Quarter that ends on or after December 31, 2007, the Debt Service Coverage Ratio is less than 1.25:1, the Cash Flow Coverage Ratio as of such day shall be greater than or equal to 1.50:1; provided, however, that if such Cash Flow Coverage Ratio is less than 1.50:1, such shall not be deemed to be a breach of the covenant contained in this Section 8.7 if (a) such Cash Flow Coverage Ratio is at least 1.00:1 and (b) the Cash Flow Coverage Ratio as of the last day of each of the three (3) immediately preceding Fiscal Quarters ending on or after December 31, 2007 was at least 1.50:1; provided further, however, that if the Cash Flow Coverage Ratio as of the last day of a Fiscal Quarter ending on December 31, 2007, March 31, 2008, or June 30, 2008 is greater than 1.00:1 but less than 1.50:1 and the covenant contained in the preceding clause (b) is not satisfied, such shall not be a default hereunder unless the Cash Flow Coverage Ratio as of the last day of any of the other of the Fiscal Quarters ending on December 31, 2007, March 31, 2008, June 30, 2008, and September 30, 2008 also is less than 1.50:1.
Cash Flow from Operations. The Company shall make distributions of Cash Flow from Operations to the Members for each month (using commercially reasonable efforts to make such distributions by no later than the fifth (5th ) day of the next month) as follows:
Cash Flow from Operations. Cash Flow From Operations, if any, derived from each respective Property shall be distributed to the Manager and to Members of the Membership Class corresponding to that Property as follows:
Cash Flow from Operations. The proceeds of the Offering have been reserved and are sufficient for the purposes of completing the repayment of the Amended Purchase Note in connection with the NOR Acquisition, the HOR Cash Payment in connection with the Xxxxxxxxx Acquisition and for the Deferred Cash Consideration and the Xxxxx Fee in connection with the Spring Oaks Acquisition. In order to fund the Company’s operations for the next 12 months, including the repayment of the Two- Year Note, the One-Year Note, the GAOC Note and the repayment of the Debentures, the Company will need to raise additional capital and/or seek to extend the maturity dates of such loans. See “Operations Over the Next 12 Months” and “Risk Factors – Securing Additional Financing”.
Cash Flow from Operations. Except in the cases provided by article 6a. (b) AS PER ARTICLE IV. The distribution of funds is distributed in accordance with the corresponding sharing interest set out in Article IV. (c)
Cash Flow from Operations. Distributions of net available cash from any source (other than distributions of sale, casualty, condemnation, loan or securitization proceeds described in Section 11(d)) and proceeds of any other capital transactions remaining after Guaranteed Payments (as defined in and in accordance with Section 13(c) below), expenses, debt service, reserves and capital improvements for any period shall be made as follows, after first repaying any loans made by the Members to the Company and Investment Entities pursuant to Section 9 (loans which have been outstanding the longest shall be repaid first, with any loans that have been outstanding for an equal period being repaid pro rata, in proportion to such loans' respective balances, and with the accrued and unpaid interest being repaid first and then the principal being repaid next) (such excess net available cash, the "Excess Cash Flow"): to the Members, PARI PASSU, 55% to SLAB and 45% to MC; PROVIDED, HOWEVER, that the Managing Member shall have the right to not make the distribution of such Excess Cash Flow distributable to SLAB and hold it in Company reserve earmarked to make the distribution under Section 13(b)(2)(i) (in which case, the amount distributable to SLAB under Section 13(b)(2)(i) shall be reduced by the amount so earmarked when distribution thereof is made to SLAB under Section 13(b)(2)(i)) and distribute such Excess Cash Flow to SLAB as a distribution under Section 13(b)(2)(i) at such time as SLAB would otherwise be entitled to a distribution under Section 13(b)(2)(i).
Cash Flow from Operations. For any Amphitheater during any period of time, (i) the Cash Flow of the owner of a Controlling Interest in such Amphitheater during such period of time plus (ii) the amount of regularly scheduled principal and interest payments paid during such period of time, on a cash basis, by the owner of Article I - Definitions Page 6 such Controlling Interest in such Amphitheater on any Amphitheater Loan which relates to such Amphitheater.
