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.
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.