Minimum Net Cash Flow Clause Samples

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Minimum Net Cash Flow. The "Net Cash Flow" of Customer as of December 31, 1999 and at all times thereafter be not less than $1,500,000.00. As used herein, "Net Cash Flow" shall mean the excess of (i) the sum of Customer's annual net after-tax income and depreciation and any non-recurring expenses, less any non-recurring income, less (ii) the sum of the current portion of Customer's long term debt and any dividends or other distributions to its owners; all as set forth on Customer's regular annual financial statements prepared in a manner consistent with the terms hereof.
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Minimum Net Cash Flow. The Borrower will achieve, for the test periods set forth below, Net Cash Flow in an amount not less than the amount set forth below: 10/01/05 through 12/02/05 $ (900,000 ) 10/29/05 through 12/30/05 $ (600,000 ) 12/03/05 through 01/27/06 $ (1,800,000 ) 12/31/05 through 02/24/06 $ 200,000 01/28/06 through 03/31/06 $ (742,000 ) 02/25/06 through 04/28/06 $ (1,356,000 ) 04/01/06 through 06/02/06 $ (524,000 ) 04/29/06 through 06/30/06 $ (408,000 ) 06/03/06 through 07/28/06 $ 65,000”
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Minimum Net Cash Flow. Permit Net Cash Flow of the Loan Parties, in each case, for the periods ending on any date set forth below to be less than the amount set forth below for such period; provided, that such testing for all periods ending on and after September 30, 2023 shall be required only if an Event of Default is in existence or otherwise occurs during the time period commencing on August 31, 2023 and ending on September 30, 2023: May 1 through July 31, 2023 $ 2,800,000 May 1 through August 31, 2023 $ 4,050,000 May 1 through September 30, 2023 $ 4,300,000 May 1 through October 31, 2023 $ 4,900,000 May 1 through November 31, 2023 $ 5,200,000 May 1 through December 31, 2023 $ 5,600,000
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Minimum Net Cash Flow. Borrower, on a consolidated basis and at the end of each calendar quarter set forth below, shall not at any time during the Term permit its Net Cash Flow for the 12-month period then ended to fall below the amounts set forth below: March 31, 2004 $ 15,000,000 June 30, 2004 $ 16,000,000 September 30, 2004 $ 18,000,000 December 31, 2004 $ 20,000,000 March 31, 2005 $ 20,000,000”
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Minimum Net Cash Flow. Borrower, on a consolidated basis and at the end of each calendar quarter, shall not at any time during the Term permit its Net Cash Flow to fall below the amounts set forth below: Quarter Amount ------- ------ June 30, 2002 ($ 750,000) September 30, 2002 $ 750,000 December 31, 2002 $1,000,000 March 31, 2003 ($7,000,000) June 30, 2003 $ 0 September 30, 2003 $4,000,000 Quarter Amount ------- ------ December 31, 2003 $4,000,000 March 31, 2004 $5,000,000 June 30, 2004 $5,000,000 September 30, 2004 $5,000,000 December 31, 2004 $5,000,000 March 31, 2005 $5,000,000 Notwithstanding the foregoing, Lender hereby agrees that the covenant for Minimum Net Cash Flow set forth in this Section 7.11(b) shall be waived for the calendar quarter beginning on January 1, 2003 and ending on March 31, 2003." 3.4. SECTION 7.11(E)
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Minimum Net Cash Flow. The “Net Cash Flow” of Customer and Business Guarantors (on a consolidated basis) as of the end of each of its fiscal years shall not be less than $1,600,000.00. As used herein, “Net Cash Flow” shall mean the (i) the sum of Customer’s and Business Guarantors’ (on a consolidated basis) annual net after-tax income, any non-recurring expenses, and depredation and similar non-cash charges, less (ii) the sum of the current portion of Customer’s and Business Guarantors’ (on a consolidated basis) long term debt, any non-recurring income, and any dividends or other distributions to its owners, all as set forth on Customer’s and Business Guarantors’ regular annual consolidated financial statements prepared in a manner consistent with the terms hereof.
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Related to Minimum Net Cash Flow

  • Net Cash Flow The term “Net Cash Flow” shall mean all cash and cash equivalents from all sources on hand as of the last day of the measurement period prior to any distributions to the Partners, and after the payment of all then due expenses of operating and managing the Restaurants, and after payment of all debts and liabilities and after any prepayments of any debts and liabilities that the General Partner, in its reasonable and good faith discretion, elects to cause to be made, and after the establishment of any reserves reasonably deemed necessary by the General Partner for (i) the repayment of any due debts or liabilities, including debts owed to the General Partner; (ii) the working capital requirements; (iii) capital improvements and replacement of furniture, fixtures or equipment; and (iv) any contingent or unforeseen liabilities. In determining Net Cash Flow of each Restaurant there shall be deducted the Supervision Fee and the Accounting Fee as provided in Section 4.7, the Advertising Payment and the Insurance Payment as provided in Section 4.8, and the OSRS Charges as provided in Section 4.2.

  • Minimum Net Income If as of the last day of any calendar month within a fiscal quarter of the Seller, the Seller’s consolidated Adjusted Tangible Net Worth is less than [***] or the Seller, on a consolidated basis, has cash and Cash Equivalents in an amount that is less than [***], in either case, the Seller’s consolidated Net Income for that fiscal quarter before income taxes for such fiscal quarter shall equal or exceed [***].

  • Excess Cash Flow In the event that there shall be Excess Cash Flow in excess of $2,500,000 for any Fiscal Year, the Borrower shall, not later than the tenth Business Day following the date that is ninety days after the end of such Fiscal Year, prepay the Loans in an aggregate amount equal to 50% (provided that (i) such prepayment percentage shall be 25% if, as of the last day of the most recently ended Fiscal Year, the Senior Secured Net Leverage Ratio (determined for any such period by reference to the Compliance Certificate delivered pursuant to Section 5.1(c) calculating the Senior Secured Net Leverage Ratio as of the last day of such Fiscal Year) shall be 1.80:1.00 or less and (ii) no such prepayment shall be required by this clause (e) if the foregoing Senior Secured Net Leverage Ratio as of the last day of such Fiscal Year shall be 1.30:1.00 or less) of the entire Excess Cash Flow for such Fiscal Year minus 100% of voluntary repayments of the Loans made during such Fiscal Year with Internally Generated Cash; provided, that, if at the time that any such prepayment would be required, the Borrower is required to repay or repurchase or to offer to repurchase or repay Senior Secured Debt permitted pursuant to Section 6.1 pursuant to the terms of the documentation governing such Indebtedness with all or a portion of such Excess Cash Flow (such Senior Secured Debt required to be repaid or repurchased or to be offered to be so repaid or repurchased, “Other Applicable ECF Indebtedness”), then the Borrower may apply such Excess Cash Flow on a pro rata basis to the prepayment of the Loans and to the repayment or re-purchase of Other Applicable ECF Indebtedness, and the amount of prepayment of the Loans that would have otherwise been required pursuant to this Section 2.10(e) shall be reduced accordingly (for purposes of this proviso pro rata basis shall be determined on the basis of the aggregate outstanding principal amount of the Loans and Other Applicable ECF Indebtedness at such time, with it being agreed that the portion of Excess Cash Flow allocated to the Other Applicable ECF Indebtedness shall not exceed the amount of such Excess Cash Flow required to be allocated to the Other Applicable ECF Indebtedness pursuant to the terms thereof, and the remaining amount, if any, of such net proceeds shall be allocated to the Loans in accordance with the terms hereof); provided further, that to the extent the holders of Other Applicable ECF Indebtedness decline to have such indebtedness repurchased or prepaid, the declined amount shall promptly (and in any event within ten Business Days after the date of such rejection) be applied to prepay the Loans in accordance with the terms hereof.

  • Minimum Cash As determined on the first of every calendar month, the Company shall at all times keep on-hand unencumbered, unrestricted cash in an amount greater than or equal to $1,000,000.

  • Minimum Net Worth Consolidated Net Worth will at no time be less than an amount equal to the sum of (a) $1,236,000,000 plus (b) 50% of Consolidated Net Income for each fiscal quarter of the Borrower ending after December 30, 1998 and at or prior to such time (but only if such Consolidated Net Income for such fiscal quarter is a positive amount).