Cash Available for Debt Service definition

Cash Available for Debt Service means, in respect of any (i) past period, the amount of Operating Revenues received during such period less Operating Expenses paid during such period or (ii) any future period, the amount of Operating Revenues projected to be received during such period less Operating Expenses projected to be paid during such period.

Cash Available for Debt Service means:

Cash Available for Debt Service for any period (a) Revenues for such period (excluding any equity contributions received by the Borrower during such period) less (b) O&M Costs paid or (without duplication) payable during such period.

Examples of Cash Available for Debt Service in a sentence

• The financial results in this document and the Presentation include certain financial measures and ratios, including Adjusted Media Revenue, Adjusted Revenue, Cash Available for Debt Service, Current / Non Current Operating Assets, Current / Non Current Operating Liabilities, Debt Service Coverage Ratio and certain other related measures that are not presented in accordance with IFRS or Italian GAAP and are unaudited.

• All Operating and Maintenance Costs incurred during such Period and not deducted in the computation of Cash Available for Debt Service in a prior Period.

• Debt Service Coverage Ratio – for any Period, the ratio of Cash Available for Debt Service for such Period to Debt Service for such Period.Fiscal Year – July 1 to June 30 Holiday – Any of the following holidays that occur or are recognized any day between Monday through Friday: New Year’s Day, Memorial Day, 4th of July, Labor Day, Thanksgiving and Christmas.

• The Borrower shall, at all times, commencing on the date of this Agreement maintain a ratio of (i) Cash Available for Debt Service for the 12 months preceding the date of calculation to (ii) the sum of the principal repayments and interest payments on all Financial Debt due or accrued during such period, of not less than 1.2:1.

• In the event and to the extent that Cash Available for Debt Service is insufficient to pay the principal of and interest on the Series 2017A-2 Bonds when due, such Series 2017A-2 Bonds shall continue to bear interest until paid, provided such interest shall compound annually at the rate of interest borne by the Series 2017A-2 Bonds.

More Definitions of Cash Available for Debt Service

Cash Available for Debt Service means, for each Calculation Period:

Cash Available for Debt Service means, for any 12-month period, (A) the revenues, receipts and earnings of the Borrower from the sources described in clauses (i) and (ii) of the definition of “Operating Revenues” for such twelve-month period plus (B) the revenues and receipts of the Borrower from the source described in clause (iii) of the definition of “Operating Revenues” for a period of no more than three (3) months during such 12-month period, minus (C) the Operating Costs of the Borrower for such twelve-month period, and (b) for purposes of Section 2(b)(ii) of Exhibit A2 to the Common Agreement, “Cash Available for Debt Service” means, for any period, the revenues, receipts and earnings of the Borrower from the sources described in clauses (i) and (ii) of the definition of “Operating Revenues” for such period minus the Operating Costs of the Borrower for such period.

Cash Available for Debt Service means, for any period, the revenues, receipts and earnings of the Borrower from the sources described in clauses (i) and (ii) of the definition of “Operating Revenues” for such period minus the Operating Costs of the Borrower for such period.

Cash Available for Debt Service means, for any period, the Consolidated EBITDA for such period, minus the sum of (a) Capital Expenditures made by the Borrower and its consolidated subsidiaries in cash during such period and (b) to the extent added to Consolidated Net Income in determining Consolidated EBITDA, consolidated income tax cash expense for such period, all determined on a consolidated basis in accordance with GAAP; provided, however, that for purposes of determining compliance with Section 6.13 at any time from the Effective Date through March 31, 2009, Cash Available for Debt Service shall be deemed to be $41,700,000 for the fiscal quarter ended December 31, 2007, $41,700,000 for the fiscal quarter ended March 31, 2008, and $41,700,000 for the fiscal quarter ended June 30, 2008.

Cash Available for Debt Service means in relation to the relevant period:

Cash Available for Debt Service means Borrower’s net income, plus the sum of (i) interest expense; plus (ii) depreciation, amortization, and other non-cash expenses; minus (iii) all dividends and distributions, all determined in accordance with generally accepted accounting principles consistently applied.

Cash Available for Debt Service means, for any period, Net Income plus depreciation and amortization and other non-cash charges plus/minus changes in Working Capital plus interest and fees paid, minus capital expenditures; except that (a) in calculating the rolling 12-month Debt Service Coverage Ratio for purposes of clause (iv) of the definition of “Distribution Preconditions”, “Cash Available for Debt Service” means, for any 12-month period, (A) the revenues, receipts and earnings of the Borrower from the sources described in clauses (i) and (ii) of the definition of “Operating Revenues” for such twelve-month period plus (B) the revenues and receipts of the Borrower from the source described in clause (iii) of the definition of “Operating Revenues” for a period of no more than three (3) months during such 12-month period, minus (C) the Operating Costs of the Borrower for such twelve-month period, and (b) for purposes of Section 2(b)(ii) of Exhibit A2 to the Common Agreement, “Cash Available for Debt Service” means, for any period, the revenues, receipts and earnings of the Borrower from the sources described in clauses (i) and (ii) of the definition of “Operating Revenues” for such period minus the Operating Costs of the Borrower for such period.