Cash Burn Rate definition

Cash Burn Rate means eSylvan's total cash requirements (excluding amounts payable pursuant to clause (v) of the definition of Purchaser Losses) in excess of its revenues.

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Cash Burn Rate means any cash and cash equivalent expenditures and financial obligations to be repaid in less than one year and customarily classified as selling, general and administrative expenses in the Company’s income statement prepared in conformity with GAAP incurred during a calendar month.

Cash Burn Rate means the aggregate dollar amount used to finance the Company’s operations, but shall exclude such one-time items as (i) any legal fees incurred registering the Underlying Shares and (ii) capital expenditures including, but not limited to, the expenses of opening Clinics.

Examples of Cash Burn Rate in a sentence

As of the Closing Date, the projected Cash Burn Rate of eSylvan (based on the then most recent budget as adjusted for actions taken subsequent to the date thereof) for the one year period following the Closing Date is not greater than $4,000,000.
Beginning on January 1, 2008 and for each calendar month thereafter, the Company’s Cash Burn Rate for each such month shall not exceed $600,000.
After September 30, 2007, the Cash Burn shall not exceed $1 million (the “Cash Burn Rate Cap”) during any calendar month (the “Future Cash Burn Period”); provided, however, cash expenditures funded with the proceeds of grants, awards, foundation support, research collaborations, or strategic investment by joint venture partners in specific programs or products under development by the Company shall not be included when calculating the Cash Burn Rate Cap.
Borrower to maintain "Liquid Assets," of not less than the greatest of (a) an amount equal to two and one half (2.5) times the most recent quarterly "Cash Burn Rate," (b) two (2.0) times total liabilities (excluding Borrower's existing outstanding mortgage obligation as shown in its financial statement dated June 30, 1997, and any amounts due Bank, or (c) $22,000,000.

More Definitions of Cash Burn Rate

Cash Burn Rate refers to Tenant's average monthly decrease in capital projected over the ensuing 12-month period as of the date of calculation.

Cash Burn Rate is defined as the decrease in Liquid Assets during the three months ending as of the date of calculation, and will be calculated and reported as of the last day of each month. In the event of a default of the foregoing: