Break-Even Date definition

Break-Even Date means the date on which the Existing Funds shall have recovered all Losses, without taking into account the Hurdle set forth in Section 5 (i.e., the first date following a Trigger Date on which the amount of Losses shall be zero).
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Break-Even Date means the date the aggregate, after-tax profit (determined on a cash basis) attributable to the Springville Clinic (excluding all amounts collected from governmental sources including Medicare, Medicaid, and Tricare) equals the aggregate costs incurred by Company and its Affiliates (including amounts reimbursed to Optionee) in connection with the purchase, development, and operation of the Springville Clinic.
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Break-Even Date means the last day of the fiscal year in which the Company first (1) generates positive Net Income, excluding Timber Depletion Charges, or (2) positive Cash Flow, in either case for six (6) consecutive fiscal quarters or two (2) consecutive Fiscal Years.
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Examples of Break-Even Date in a sentence

  • Employer shall under no circumstances have the right to (i) cause the sale of any Notional Shares or (ii) veto any sale of Notional Shares proposed by the Co-Managers (provided, however, that the foregoing restrictions in clauses (i) and (ii) shall not apply during any period beginning on a Trigger Date and ending one year after the associated Break-Even Date).

  • No Distributable Cash will be distributed by the Company until the Break-Even Date, unless MCRT concludes in its reasonable discretion that there is adequate sources of funds from which the Company may satisfy its obligations and liabilities without a call for Additional Contributions and without incurring any additional indebtedness.

  • The remaining half of the Springville Option shall vest, if at all, on the Break-Even Date.

  • After the Break-Even Date or at such earlier time as MCRT concludes in its reasonable discretion that adequate funds are available to satisfy the Company’s obligations and liabilities without a call for Additional Contributions and without incurring any additional indebtedness, the Company will distribute to the Members in accordance with Section 6.1 all Distributable Cash accumulated pursuant to this Section 6.3 that has not been expended for other Company purposes prior to such time.


More Definitions of Break-Even Date

Break-Even Date means the later of (i) the last day of the first three consecutive calendar month period during which Distributable Cash (calculated without reduction for debt service) is at least equal to the debt service on all then outstanding Development Financing and Refinancing Loans or (ii) Completion of Construction.
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Related to Break-Even Date

  • Break Date means [Insert date or dates]1 [or any date falling after that date] [or the day before any Rent Day after that date] [or any [fifth] anniversary of that date] [as specified in the Tenant's formal notice given under Clause 7.1];]2

  • Switch Event Date means the date recorded in the Registry as being the date on which a trader assumes responsibility for an ICP;

  • Step-Down Date The later to occur of:

  • Trigger Event Date means a date on which a Trigger Event has occurred as determined by the Calculation Agent.

  • Step Up Event means a failure to meet the Minimum Rating Requirement at any time, unless: