Borrower Excess Cash Flow definition

Borrower Excess Cash Flow shall have the meaning set forth in the Cash Management Agreement.
Borrower Excess Cash Flow shall have the meaning set forth in Section 6.11.1(c).
Borrower Excess Cash Flow means, for any period, EBITDA for such period less the sum of (i) cash interest expense, (ii) cash income taxes, (iii) the sum of (x) $150,000 monthly scheduled principal payments and (y) any voluntary prepayments of the Borrower on the Loan, (iv) maintenance Capital Expenditures not to exceed $100,000 per quarter, (v) Capital Expenditures in connection with the replacement of the mooring barge not to exceed $1,000,000 in the aggregate, and (vi) such other Capital Expenditures as shall be agreed to by the Lender.

Examples of Borrower Excess Cash Flow in a sentence

From and after the occurrence of a Cash Trap Event and during the continuance of a Cash Trap Period, Borrower shall deposit with Agent all of the Borrower Excess Cash Flow (the “Borrower Cash Collateral Funds”).

Amounts deposited from time to time into the Borrower Excess Cash Flow Account pursuant to this Section 6.9 are referred to herein as the “Borrower Excess Cash Flow Funds”, and amounts deposited from time to time into the Master Tenant Excess Cash Flow Account pursuant to this Section 6.9 are referred to herein as the “Master Tenant Excess Cash Flow Funds”.

Upon the occurrence of a Cash Trap Event Cure, (A) all Borrower Excess Cash Flow Reserve Funds shall be paid to Borrower and (B) all Operating Lessee Excess Cash Flow Reserve Funds shall be paid to Operating Lessee.

From and after (a) the occurrence of an Initial Trigger Event and during the continuance of an Initial Trigger Period, Borrower shall deposit with Lender fifty percent (50%) of the Borrower Excess Cash Flow and (b) the occurrence of a Secondary Trigger Event and during the continuance of a Secondary Trigger Period, Borrower shall deposit with Lender all of the Borrower Excess Cash Flow (subclauses (a) and (b) together, the "Borrower Cash Collateral Funds").

Concurrently with any prepayment of the Loans and/or reduction of the Commitments pursuant to Sections 2.12(a) through 2.12(c), Borrower shall deliver to Administrative Agent (a copy of which Administrative Agent shall promptly provide to each Lender) a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable net proceeds or Consolidated Borrower Excess Cash Flow, as the case may be.

In the event that there shall be Consolidated Borrower Excess Cash Flow for any Fiscal Year (commencing with the Fiscal Year ending December 31, 2005), Borrower shall, no later than ninety (90) days after the end of such Fiscal Year, prepay the Loans and/or permanently reduce Commitments as set forth in Section 2.13(b) in an aggregate amount equal to 50% of such Consolidated Borrower Excess Cash Flow.


More Definitions of Borrower Excess Cash Flow

Borrower Excess Cash Flow means all sums remaining on deposit in the Operating Lease Rent Account, together with all interest accrued thereon, after the payment of all sums required to be paid pursuant to Sections 3.3(b)(i) and (ii) of the Cash Management Agreement.
Borrower Excess Cash Flow means, for any period, an amount (if positive) equal to (a) amounts described in clause (a)(i) of definition of “Borrower Operating Cash Flowminus (b) to the extent paid from Borrower Operating Cash Flow, the sum, without duplication, of (i) Borrower Interest Expense, (ii) the distributions and payments referred to in clauses (b), (c), (d) and (e) of the definition ofPermitted Distributions”, and (iii) amounts received from Excluded Subsidiaries.

Related to Borrower Excess Cash Flow

Excess Cash Flow means, for any period, an amount equal to the excess of:
Consolidated Cash Flow means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication:
Cash Flow Available for Debt Service for any period, means (i) Cash Flow received during such period minus (ii) (A) all O&M Costs paid during such period and (B) if an Equity Cure has been made in any fiscal quarter during the period for which Cash Flow Available for Debt Service is calculated, the lesser of the aggregate amount of (x) such Equity Cure during such period and (y) the aggregate amount of cash distributions paid by the Company during such period.
Retained Excess Cash Flow means a cumulative amount equal to the sum of the products, for each Excess Cash Flow Period since the Closing Date, of (a) the applicable Retained Percentage for such Excess Cash Flow Period, multiplied by (b) Excess Cash Flow for such Excess Cash Flow Period.
Net Cash Flow means the gross cash proceeds of the Company less the portion thereof used to pay or establish reserves for all Company expenses, debt payments, capital improvements, replacements, and contingencies, all as reasonably determined by the Directors. “Net Cash Flow” shall not be reduced by depreciation, amortization, cost recovery deductions, or similar allowances, but shall be increased by any reductions of reserves previously established.
Free Cash Flow means any available cash for distribution generated from the net income received by a Series, as determined by the Managing Member to be in the nature of income as defined by U.S. GAAP, plus (i) any change in the net working capital (as shown on the balance sheet of such Series) (ii) any amortization to the relevant Series Asset (as shown on the income statement of such Series) and (iii) any depreciation to the relevant Series Asset (as shown on the income statement of such Series) and (iv) any other non-cash Operating Expenses less (a) any capital expenditure related to the Series Asset (as shown on the cash flow statement of such Series) (b) any other liabilities or obligations of the Series, in each case to the extent not already paid or provided for and (c) upon the termination and winding up of a Series or the Company, all costs and expenses incidental to such termination and winding as allocated to the relevant Series in accordance with Section 6.4.