Base Case Cash Flow Model definition

Base Case Cash Flow Model means the cash flow model attached hereto as Exhibit A. The Parties acknowledge that the Base Case Cash Flow Model represents the Parties’ good faith estimate of the future performance and that in calculating the Debt-Free Cash Flow, the cost of sales line item for the Debt-Free Cash Flow to be prepared annually shall be limited to the cost of sales percentage cap set forth on the Base Case Cash Flow Model. Similarly, the actual operating expense line item in the Debt-Free Cash Flow shall not exceed the operating expense amount set forth on the Base Case Cash Flow by more than 15% per year.
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Base Case Cash Flow Model means the financial model, contained on a computer disk entitled "Morila Project - Base Case Cash Flow Model" and delivered by the Agent to the Lenders in connection with the implementation of the Supplemental Agreement.
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Related to Base Case Cash Flow Model

  • Base Case Model means the financial model and statements including profit and loss, balance sheet and financial projections reflecting the forecasted consolidated financial conditions of the Group for the term of this Agreement (for these purposes assuming both before and after the incurrence of the indebtedness under the Finance Documents), each in form and substance satisfactory to the Finance Parties addressed to, and/or capable of being relied upon by the Finance Parties.

  • Base Case A statement of the technical, economic and tax assumptions relating to the Project in the form of a run of the Financial Model as updated from time to time.

  • Base Case Financial Model means the base case financial model agreed by the Parties in writing as accurately representing the terms and conditions of the financing for the Project on a limited recourse or project finance basis and furnished by the Feed-in Approval Holder to the Distribution Licensee on or before the date of the Financial Closing Date for the Initial Financing Documents;

  • Annualized Operating Cash Flow means, for any fiscal quarter, the Operating Cash Flow for such fiscal quarter multiplied by four.

  • Free Cash Flow means, for any Person for any period, EBITDA plus cash interest income of such Person for such period, less income taxes, Capital Expenditures and Investments (to the extent made in compliance with this Agreement), Scheduled Debt Service (if any) and variations in working capital made in the ordinary course of business, with respect to such period.