Cashflow Clause Samples
The Cashflow clause defines the procedures and timelines for the movement of funds between parties under an agreement. It typically outlines when payments are due, the methods of payment, and any conditions that must be met before funds are transferred, such as the completion of certain milestones or the submission of invoices. By clearly specifying these details, the clause ensures predictable and transparent financial transactions, reducing the risk of disputes over payment timing or obligations.
Cashflow. << Attach here a monthly cashflow prediction for the first two years of the company’s operations. >>
Cashflow. The ratio of Consolidated Cash Flow to Consolidated Debt Service for each Relevant Period (commencing with the Relevant Period ending on 31 March 2006) will not be less than 1.0 to 1.0.
Cashflow. Before the Achievement Date only, the Borrower will once per annum make a prepayment to be applied against the outstandings under this Agreement in accordance with Clause 7.3.1 below within 120 days of the expiry of each Accounting Reference Period (beginning with the Accounting Reference Period ended 31st December 1998) in the amount of 50% of the aggregate of the unconsolidated Cashflow, without allowing for any duplication, of each Obligor (determined in accordance with the respective applicable Approved Accounting Principles) for the Accounting Reference Period then ended, if a positive number.
Cashflow. The Company must ensure that the ratio of Consolidated Cashflow to Consolidated Total Debt Service for each Measurement Period shall not be less than 1.00:1.
Cashflow. If Borrower or any guarantor of the Obligations shall dissolve or liquidate, or be dissolved or liquidated, or cease legally to exist, or merge or consolidate, or be merged or consolidated with or into any corporation or entity;
Cashflow. 6.4.1 In respect of First Closing, by 9.00 am (London time) on 8 July 2005, VIA Inc shall notify the Purchaser of the aggregate amount of any Cashflow which has occurred between the Benchmark Date and the close of business on 30 June 2005.
6.4.2 In respect of Second Closing, by 5.00 pm (London time) on the first Business Day immediately following the Pre-Closing Cut-Off Date, VIA Inc shall notify the Purchaser of the aggregate amount of any Cashflow which has occurred between the Benchmark Date and the close of business on the Pre-Closing Cut-Off Date and shall as soon as reasonably practicable thereafter provide to the Purchaser bank statements for each bank account of each member of the VIA Group as at the close of business as at the Pre-Closing Cut-Off Date.
6.4.3 The Sellers warrant that there has been no Cashflow between:
(i) any A Group Company and any B Group Company; or
(ii) other than Agreed Cashflow (and other than the transfers of €100,000 from Agence des Medias Numeriques SAS to VIA Inc on 5 July 2005 and of $11,000 from VIA Inc to VIA ▇▇▇.▇▇▇▇▇ USA, Inc. on 7 July 2005) between any A Group Company and any member of the VIA Group, between 30 June 2005 and the time at which the SPA Amendment and Restatement Agreement was signed.
6.4.4 The Sellers shall procure that no Cashflow takes place without the written consent of the Purchaser between any A Group Company and any B Group Company or, other than Agreed Cashflow, between any A Group Company and any member of the VIA Group from the time at which the SPA Amendment and Restatement Agreement was signed until First Closing.
6.4.5 The Sellers shall procure that no Cashflow takes place after close of business on the Pre-Closing Cut-Off Date between any B Group Company and any member of the VIA Group without the prior written consent of the Purchaser.
6.4.6 The Sellers warrant that there are no sums owed or obligations outstanding between the A Group Companies on the one hand and the B Group Companies on the other hand other than the Repayable intra-Group Payables and the Repayable Intra-Group Receivables.
Cashflow. Maintain, at all times, cumulative cashflow of at least 85% of Bracknell's projected consolidated net cumulative rolling cashflow, as set forth in the financial projections provided to the Administrative Agent and the Lenders as of the Amending Date."
(h) Section 8.03 is amended by adding the following to the end thereof as Section 8.03(g):
Cashflow. Subsection 11(o) of the Credit Agreement is hereby amended by (a) deleting the word “and” at the end of subsection 11(o)(ii), (b) replacing the period at the end of subsection 11(o)(iii) with “; and” and (c) inserting the following paragraph as a new subsection 11(o)(iv):
Cashflow. The Investor being reasonably satisfied that, as at the date of satisfaction or waiver of the last of the conditions under paragraphs 3.2(a) to (e) above, or (where this condition is not satisfied as at such date) such other date as prescribed under the Investment Agreement, the New Swiber Group’s net cashflow for the two-month period following Initial Closing will be breakeven or positive.
Cashflow. Borrower hereby acknowledges that Lender does not have any fiduciary relationship to Borrower, and the relationship between Lender, on the one hand, and Borrower, on the other hand, is solely that of creditor and debtor and no joint venture exists between Lender and Borrower.