Net Operating Cash Flow Sample Clauses

The Net Operating Cash Flow clause defines how the net cash generated from a business's core operations is calculated and reported. Typically, this involves subtracting operating expenses from gross revenues, excluding non-operational items such as financing or investing activities. This clause ensures that all parties have a clear and consistent understanding of the cash flow available from regular business activities, which is crucial for financial analysis, performance measurement, and determining distributions or payments tied to operational results.
POPULAR SAMPLE Copied 2 times
Net Operating Cash Flow. For purposes of this Note, the ----------------------- term "Net Operating Cash Flow" shall mean, as to any particular Fiscal Year or portion thereof, the difference between (i) the aggregate of all fixed, minimum and guaranteed rents, fees, overage rents, percentage or participation rents and all rents and receipts from licenses and concessions received from the Property, including all amounts received for parking and all fees, income and revenue of a non-rental nature received by Maker during such Fiscal Year, less (ii) Operating Expenses, capital expenditures and reserves therefor (to the extent permitted by Lender under the Loan Agreement), cost of tenant improvements, payments of principal, interest, loan fees or other charges or amounts on the Original Note which are paid by Maker during such Fiscal Year, all payments by Maker to Lender under the Ground Lease, and a reasonable reserve as determined by Maker to cover such expenses in the following Fiscal Year, all as determined on a cash accounting basis. Net Operating Cash Flow shall be computed by Maker on a monthly basis.
View SourceView Similar (2)
Net Operating Cash Flow. Net Operating Cash Flow" means the gross cash proceeds from Company operations, less the portion thereof used to pay or establish reserves for all Company expenses, debt payments, capital improvements, replacements, and contingencies, all as determined by the Executive Committee. "Net Operating Cash Flow" shall not be reduced by depreciation, amortization, cost recovery deductions, or similar allowances, and shall be increased by any reductions of reserves previously established.
View Source
Net Operating Cash Flow. The Borrower will maintain Net Operating Cash Flow (a) for each month in the calendar year 1999 set forth below, equal to or greater than 98% of the amount set forth below opposite such month, and (b) for each rolling three-month period ending on the last day of each month in the calendar year 1999 set forth below, equal to or greater than 95% of the amount set forth opposite such month. Monthly Rolling Three-month Net Operating Net Operating Cash Flow Cash Flow ------------- ------------------- June $1,007,000 $3,276,000 July $1,090,000 $3,246,000 August $1,100,000 $3,197,000 September $1,100,000 $3,290,000 - 48 - 50 October $1,196,000 $3,396,000 November $1,220,000 $3,516,000 December $1,171,000 $3,587,000 For purposes of calculating compliance with the covenant set forth in this Section 6.19.5, the Borrower may include the excess, if any, of Net Operating Cash Flow for any month over the amount set forth above opposite such month in the "Monthly Net Operating Cash Flow" column in the calculation of Net Operating Cash Flow during the immediately succeeding three-month period.
View SourceView Similar (2)
Net Operating Cash Flow. With respect to each Fiscal Year of the Partnership, the gross revenues of the Partnership, less (a) the actual cash expenditures (other than organization expenses, syndication costs, property acquisition costs, nonrecurring or extraordinary business expenses) for such period, and (b) such reasonable and necessary reserves for working capital, capital investments, potential liabilities and other contingencies as shall be determined in the sole discretion of the General Partner. Gross revenues shall not include (x) the proceeds of any contributions or loans to the Partnership, and (y) security deposits, until the Partnership is entitled unconditionally to retain the same for its own use and benefit. The Partnership's accountants shall conclusively determine the nature and amount of any other adjustments in determining Net Operating Cash Flow.
View Source
Net Operating Cash Flow. The Borrower will maintain Net Operating Cash Flow for each three-month period ending on the last day of each month in the calendar year 1999 set forth below equal to or greater than 95% of the amount set forth opposite such month.
View Source
Net Operating Cash Flow. The term "Net Operating Cash Flow" shall mean (a) all cash received from operations of the Partnership in the ordinary course of business, including the proceeds of casualty insurance in excess of the amounts expended or to be expended to repair or replace the property which suffered the casualty, and excluding net proceeds resulting from the sale, transfer, exchange or other disposition or condemnation of all or substantially all of the Partnership's property, less (b) cash expended, reserved, or required for debts and expenses, and with accrual of such applicable Project expenses as taxes and insurance premiums (including without limitation all fees and other expenses required to be paid in accordance with Section 10.4 hereof, and any fee based on a percentage of net operating cash flow shall be calculated on the basis of net operating cash flow prior to deduction of such fee whereupon net operating cash flow shall decrease by the amount of such fee), interest, and principal payments on any indebtedness, capital expenditures, replacements, expansion, or any other reasonable requirements of the business of the Partnership (excluding expenses funded from cash expended from capital contributions and from net proceeds resulting from the sale, transfer, exchange or other disposition or condemnation of all or substantially all of the Partnership's property).
View Source
Net Operating Cash Flow. For purposes hereof "Net Operating Cash Flow" shall be equal to the pre-tax income for the 12-month period ending December 31, 1995 as determined in accordance with Schedule 1.8 attached hereto.
View Source
Net Operating Cash Flow. Within fifteen (15) days after the end of each calendar month during the Term, or at such more frequent intervals as the Managing Member shall select in its discretion, the Managing Member shall determine Net Operating Cash Flow for such calendar month or other period and shall cause the same to be distributed to the Members in proportion to their Percentage Interests.
View Source
Net Operating Cash Flow. (a) For any period during which the Company is in existence, Net Operating Cash Flow means the Gross Operating Cash Receipts of the Company for the applicable period, less the Current Operating Expenditures of the Company for the same period. (b) For purposes of this Agreement, Gross Operating Cash Receipts shall include all cash received by the Company, excluding capital contributions. (c) For purposes of this Agreement, Current Operating Expenditures of the Company shall be deemed to include the following: (i) operational expenses, including any management fees paid by the Company; (ii) payments of principal and interest paid upon any indebtedness, including any construction or permanent financing obtained by the Company subsequent to the date of this Agreement; (iii) any cash expended by the Company for additions or capital improvements to the Company’s Property; (iv) any cash expended by the Company for taxes, insurance or assessments; and (v) if the Board (as defined below) so determines, a reserve account as described in Section 3.11 of this Agreement.
View Source

Related to Net Operating 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.

  • Net Operating Income For any Real Estate and for a given period, an amount equal to the sum of (a) the rents, common area reimbursements, and service and other income for such Real Estate for such period received in the ordinary course of business from tenants or licensees in occupancy paying rent (excluding pre-paid rents and revenues and security deposits except to the extent applied in satisfaction of tenants’ or licensees’ obligations for rent and any non-recurring fees, charges or amounts including, without limitation, set-up fees and termination fees) minus (b) all expenses paid or accrued and related to the ownership, operation or maintenance of such Real Estate for such period, including, but not limited to, taxes, assessments and the like, insurance, utilities, payroll costs, maintenance, repair and landscaping expenses, marketing expenses, and general and administrative expenses (including an appropriate allocation for legal, accounting, advertising, marketing and other expenses incurred in connection with such Real Estate, but specifically excluding general overhead expenses of REIT and its Subsidiaries, any property management fees and non recurring charges), minus (c) the greater of (i) actual property management expenses of such Real Estate, or (ii) an amount equal to three percent (3.0%) of the gross revenues from such Real Estate excluding straight line leveling adjustments required under GAAP and amortization of intangibles pursuant to FAS 141R, minus (d) all rents, common area reimbursements and other income for such Real Estate received from tenants or licensees in default of payment or other material obligations under their lease, or with respect to leases as to which the tenant or licensee or any guarantor thereunder is subject to any bankruptcy, reorganization, arrangement, insolvency, readjustment of debt, dissolution, liquidation or similar debtor relief proceeding.

  • Cash Flow Owner acknowledges that the budget prepared by Manager, pursuant to paragraph 3(k), will contain a category labeled "Cash Flow." Owner agrees, in the event that the budgeted cash flow for the Property is "negative" in any month covered by the budget, to place sufficient funds in a bank account, or to permit Manager to transfer Owner's funds to such account, to make up the budgeted operating deficit. These funds must be placed in such account at least forty-five (45) days before the budgeted deficit is to occur.

  • Consolidated Capital Expenditures (i) Company will not, and will not permit any of its Subsidiaries to, make or commit to make Consolidated Capital Expenditures in any Fiscal Year, beginning with the Fiscal Year ending December 31, 2003, except Consolidated Capital Expenditures which do not aggregate in excess of the corresponding amount set forth below opposite such Fiscal Year: Fiscal Year ending December 31, 2003 $ 5,000,000 Fiscal Year ending December 31, 2004 $ 5,000,000 Fiscal Year ending December 31, 2005 and each Fiscal Year thereafter $ 7,000,000 provided that (a) if the aggregate amount of Consolidated Capital Expenditures actually made in any such Fiscal Year shall be less than the limit with respect thereto set forth above (before giving effect to any increase therein pursuant to this proviso) (the “Base Amount”), then the amount of such shortfall (up to an amount equal to 50% of the Base Amount for such Fiscal Year, without giving effect to this proviso) may be added to the amount of such Consolidated Capital Expenditures permitted for the immediately succeeding Fiscal Year and any such amount carried forward to a succeeding Fiscal Year shall be deemed to be used prior to Company and its Subsidiaries using the amount of capital expenditures permitted by this section in such succeeding Fiscal Year, without giving effect to such carryforward and (b) for any Fiscal Year (or portion thereof) following any acquisition of a business (whether through the purchase of assets or of shares of capital stock) permitted under subsection 6.7, the Base Amount for such Fiscal Year (or portion) shall be increased, for each such acquisition, by an amount equal to the product of (A) the lesser of (x) $5,000,000 and (y) 4% of revenues of the business acquired in such acquisition for the period of four Fiscal Quarters most recently ended on or prior to the date of such business acquisition multiplied by (B) (x) in the case of any partial Fiscal Year, a fraction, the numerator of which is the number of days remaining in such Fiscal Year after the date of such business acquisition and the denominator of which is 365 (or 366 in a leap year), and (y) in the case of any full Fiscal Year, 1. (ii) The parties acknowledge and agree that the permitted Consolidated Capital Expenditure level set forth in clause (i) above shall be exclusive of the amount of Consolidated Capital Expenditures actually made with the proceeds of a cash capital contribution to Company (including the proceeds of issuance of equity securities) made by Parent from the issuance by Parent of its equity Securities after the Closing Date and specifically identified in a certificate delivered by an Authorized Officer of Company to Administrative Agent on or about the time such capital contribution is made; provided that, to the extent any such cash capital contributions constitute Net Securities Proceeds after the Closing Date, only that portion of such Net Securities Proceeds which is not required to be applied as a prepayment pursuant to Section 2.4B(ii)(c) (or pursuant to the First Lien Credit Agreement) may be used for Consolidated Capital Expenditures pursuant to this clause (ii).

  • Consolidated Excess Cash Flow Subject to Section 2.14(g), if there shall be Consolidated Excess Cash Flow for any Fiscal Year beginning with the Fiscal Year ending December 31, 2018, the Borrowers shall, within ten Business Days of the date on which the Borrowers are required to deliver the financial statements of Holdings and its Restricted Subsidiaries pursuant to Section 5.1(b), prepay the Loans and/or certain other Obligations as set forth in Section 2.15(b) in an aggregate amount equal to (i) 50% of such Consolidated Excess Cash Flow minus (ii) voluntary prepayments of the Loans, First Lien Loans or Refinanced Debt (as defined in the First Lien Credit Agreement) made during such Fiscal Year (excluding repayments of revolving First Lien Loans or Refinanced Debt (as defined in the First Lien Credit Agreement) except to the extent the applicable revolving credit commitments are permanently reduced in connection with such repayments) paid from Internally Generated Cash (provided that such reduction as a result of prepayments made pursuant to Section 10.6(k) shall be limited to the actual amount of cash used to prepay principal of Term Loans, First Lien Loans or Refinanced Debt (as defined in the First Lien Credit Agreement) (as opposed to the face amount thereof)); provided, if, as of the last day of the most recently ended Fiscal Year, the Consolidated Total Net Leverage Ratio (determined for such Fiscal Year by reference to the Compliance Certificate delivered pursuant to Section 5.1(c) calculating the Consolidated Total Net Leverage Ratio as of the last day of such Fiscal Year) shall be (A) less than or equal to 4.50:1.00 but greater than 4.00:1.00, the Borrowers shall only be required to make the prepayments and/or reductions otherwise required hereby in an amount equal to (1) 25% of such Consolidated Excess Cash Flow minus (2) voluntary repayments of the Loans, First Lien Loans or Refinanced Debt (as defined in the First Lien Credit Agreement) made during such Fiscal Year (excluding repayments of revolving First Lien or Refinanced Debt (as defined in the First Lien Credit Agreement) except to the extent the applicable revolving credit commitments are permanently reduced in connection with such repayments) paid from Internally Generated Cash (provided that such reduction as a result of prepayments made pursuant to Section 10.6(k) shall be limited to the actual amount of cash used to prepay principal of Term Loans, First Lien Loans or Refinanced Debt (as defined in the First Lien Credit Agreement) (as opposed to the face amount thereof)) and (B) less than or equal to 4.00:1.00, the Borrowers shall not be required to make the prepayments and/or reductions otherwise required by this Section 2.14(e).