Alteris Cash Flow definition

Alteris Cash Flow means (x) net cash flow provided by (used for) operating activities, as such item appears on the audited consolidated statement of cash flows of Earth Friendly Energy Group Holdings, LLC d/b/a Alteris Renewables, Inc. for the Earnout Period, determined in accordance with GAAP consistently applied, plus (y) the amount of construction financings (short term financing for projects that will be repaid upon completion of the project) as such item appears on the audited consolidated statement of cash flows of Earth Friendly Energy Group Holdings, LLC d/b/a Alteris Renewables, Inc. for the Earnout Period, determined in accordance with GAAP consistently applied; but subject in each case to any adjustments as set forth on Schedule 3.3.
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Examples of Alteris Cash Flow in a sentence

  • If, within 60 days following delivery of the Earnout Statement to Company Agent, Company Agent shall not have given RSOL notice of Company Agent’s objection to the any items used in the computation of the Alteris Pre-Tax Income and Alteris Cash Flow (which notice shall contain a reasonably detailed statement of the basis of such objection) (the “Disputed Items”), then the amounts set forth in the Earnout Statement delivered by RSOL shall be final and binding upon the Parties.

  • As promptly as practicable but in no event later than March 31, 2012, RSOL shall deliver to Company Agent a statement (the “Earnout Statement”), setting forth in reasonable detail RSOL’s good-faith calculation of Alteris Pre-Tax Income for the Earnout Period and Alteris Cash Flow for the Earnout Period, together with the separate stand alone audited consolidated financial statements of the Surviving Company and its Subsidiaries for the Earnout Period, prepared by the Company’s or RSOL’s auditors.

  • Alteris Cash Flow is either positive, between $0 and negative $6,000,000 or equal to negative $6,000,000).