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. 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’’ 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. Cash Flow from Operations will only be distributed to the Members with Board approval, in which case such distributions will be made to the Members pari passu in accordance with their respective Ownership Percentages at the time of the distribution.
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.
Cash Flow from Operations. At all times during the term of this Guaranty, Promus shall not permit its Net Cash Provide By Operating Activities, as reflected in its financial statements, whether audited or unaudited, reported from time to time with the U.S. Securities & Exchange Commission, to be negative for any fiscal year or for any two (2) successive calendar quarters; and
Cash Flow from Operations. “Cash Flow From Operations” means all cash funds derived from operations of the Company (including interest received on reserves), less cash funds to pay current operating expenses and to pay or establish reasonable reserves for future expenses, debt payments, capital improvements, contingencies, and replacements as determined by the Manager.
Cash Flow from Operations for the Corporation shall be determined by inclusion of the components included in Schedule 1.3.12.3. Any funding of operations of Corporation in accordance with Section 1.3.12 will be included in the calculation of Cash Flow From Operations.
