Cash Flow Available for Debt Service definition

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.
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Cash Flow Available for Debt Service means, for any period, (i) the sum of all revenues (including interest and fee income and any principal payments received by the Borrower on the Transmission Loan for such period, but excluding any insurance proceeds, other than business interruption insurance proceeds, and other similar non-recurring receipts) of the Borrower for such period minus (ii) the aggregate amount of O&M Costs for such period as determined on a cash basis and otherwise in accordance with GAAP).
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Cash Flow Available for Debt Service means, for any period, an amount equal to the amount of Cash Flow deposited in the Revenue Account during such period minus all amounts paid during such period (i) prior to the Conversion Date, pursuant to priorities first and second of Section 8.08(b) (Revenue Account) and (ii) on and after the Conversion Date, pursuant to priorities first and second of Section 8.08(c) (Revenue Account).
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Examples of Cash Flow Available for Debt Service in a sentence

  • The Company will not permit the ratio of its Debt to Cash Flow Available for Debt Service (for the four most recently ended fiscal quarters) to be greater than 3.5 to 1.0 at any time.

  • Upon receipt by the Agent of the quarterly financial statements required to be delivered pursuant to Section 7.3, the Agent shall determine the Debt to Adjusted Cash Flow Available for Debt Service Ratio attained for the quarterly period covered by such statements.

  • The Company will not permit the ratio of Debt of the Company and its Subsidiaries to Cash Flow Available for Debt Service of the Company and its Subsidiaries (for the four most recently ended fiscal quarters) to be greater than 3.5 to 1.0 as of the last day of each fiscal quarter of the Company.

  • At any date of determination, the Cash Flow Available for Debt Service for the two most recently ended fiscal quarters of the Company multiplied by two.

  • Total road sector debt is above industryaverages as measured by the ratio of total debt to the Cash Flow Available for Debt Service (CFADS).


More Definitions of Cash Flow Available for Debt Service

Cash Flow Available for Debt Service means, for a specified period, (a) the Operating Income less (b) Operating Expenses as determined by Lender.
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Cash Flow Available for Debt Service means, for any period, an amount equal to the amount of Cash Flow received by the Company during such period minus all operating and maintenance expenses paid during such period.
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Cash Flow Available for Debt Service means, for any period, Mine Revenues for such period minus all amounts paid or payable in connection with the operation and maintenance of the Deer Run Mine by Borrower during such period (excluding Debt Service).
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Cash Flow Available for Debt Service means, for any period, Mine Revenues for such period minus all amounts paid or payable in connection with the operation and maintenance of the Deer Run Mine by Borrower during such period (excluding Debt Service).
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Cash Flow Available for Debt Service means for any fiscal period of a Person, Net Income for such period plus (i) expenses for interest on Indebtedness and for Commitment Fees, Letter of Credit Fees and any other fees in connection with the borrowing of money or the maintenance of letters of credit by such Person, plus (ii) depreciation and amortization plus (iii) losses on the sale of real estate, less (iv) gains on the sale of real estate, in each case determined for such period and in accordance with GAAP.
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Cash Flow Available for Debt Service means, with respect to the maker of any Collateral Note for the prior twelve (12) month period most recently ending, such maker’s annual Net Income (or change in net assets) plus interest expense related to the Collateral Loan (if taken out of such maker’s financial statement) plus depreciation (if taken out of such maker’s financial statement) plus amortization (if taken out of such maker’s financial statement), plus principal payments relating to the Collateral Loan, plus interest and principal on Debt of a Collateral Obligor if such Debt has a superior lien position to that of Borrower with respect to any collateral securing such Collateral Loans, for the prior twelve (12) month period most recently ending, provided, that, principal and interest must be derived from financial statement footnotes for any maker that has more than one Collateral Loan outstanding. 
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Cash Flow Available for Debt Service means, for Borrowers and the Subsidiaries, on a Consolidated Basis, for any period, (a) EBITDA, minus (b) cash taxes paid or payable or Permitted Tax Distributions made during such period, minus (c) all Capital Expenditures not financed with Debt for borrowed money permitted hereunder during such period, minus (d) distributions.
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