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.
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).
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 pursuant to Section 5.03(b)(i) and (ii) (Revenue Account) of the Accounts Agreement.
Examples of Cash Flow Available for Debt Service in a sentence
That approach emboldens the beast and allows it to become bigger and badder (please excuse the poor grammar).
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.
Each applicable fee will be determined from time to time based on the Debt to Adjusted Cash Flow Available for Debt Service Ratio.
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.
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.
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).
Cash Flow Available for Debt Service or “CFADS” means, in relation to any period, EBITDA for such period plus, without duplication, the sum of:
Cash Flow Available for Debt Service means for any period, the amount that is equal to (a) Cash Flow minus (b) Operation and Maintenance Expenses, in each case for such period; provided that Operation and Maintenance Expenses included in the calculation of Historical DSCR and Projected Fixed DSCR will exclude (i) that portion of Operation and Maintenance Expenses arising prior to the Project Completion Date that are Project Costs and, in the case of an Expansion, arising prior to the completion date of such Expansion and that are pre-completion project costs of such Expansion, (ii) that portion of Operation and Maintenance Expenses that are Required Capital Expenditures and (iii) Operation and Maintenance Expenses arising from and after the Project Completion Date or the completion date of an Expansion, as applicable, relating to expenditure on items that were, as of the Project Completion Date or the completion date of such Expansion, as applicable, outstanding or punch list items under the EPC Contract (T1/T2) or Expansion engineering, procurement and/or construction contract that are paid out of Senior Debt or Equity Funding.
Cash Flow Available for Debt Service shall have the meaning assigned to that term in Section 12(d).
Cash Flow Available for Debt Service means, for any applicable period, the amount of all Project Revenues received during such period but excluding (a) net amounts received under Permitted Swap Agreements, Net Available Amounts, proceeds of Permitted Indebtedness, contributions to capital and other extraordinary revenue items and (b) dispositions outside the ordinary course of business minus the amount of all Operation and Maintenance Expenses (exclusive, in each case, of all non-cash items).