Cash Flow Percentage definition

Cash Flow Percentage means, as of the date of any sale or exchange of capital stock or assets, the ratio, expressed as a percentage, derived by dividing (a) Operating Cash Flow attributable thereto for the four consecutive fiscal quarters of the Borrower ending on, or most recently ended prior to, such date for which financial information is available and has been delivered to the Banks hereunder prior to such date of sale or exchange by (b) Operating Cash Flow of the Borrower and its Consolidated Subsidiaries for such period.

Cash Flow Percentage means, for any corporation, partnership, or other entity in which either Co-Borrower has any direct or indirect investment or other interest, for any period of calculation, the percentage derived by dividing (A) the product of (i) Consolidated EBITR for such corporation, partnership, or other entity during the period, multiplied by (ii) the percentage amount of direct or indirect ownership by either or both Co-Borrowers of all outstanding capital stock or other ownership interests of the corporation, partnership, or other entity at the end of the period by (B) Consolidated EBITR for Holdings and its Subsidiaries during the period.

Cash Flow Percentage has the meaning given in Section 2.4(1).

Examples of Cash Flow Percentage in a sentence

• The Debt Coverage Ratio and Cash Flow Percentage should be within listed standards.

• The following tables set forth the Performance Goals to be used to calculate the Applicable EPS Percentage, the Applicable Cash Flow Percentage, and the Applicable Revenue Percentage in order to determine Bonuses for the First Half Performance Period in accordance with Section 4.2 of this Plan.

• No later than the earlier of (i) 90 days after the end of each Excess Cash Flow Period and (ii) the date on which the financial statements with respect to such fiscal year in which such Excess Cash Flow Period occurs are delivered pursuant to Section 5.01(a), Borrower shall make prepayments in accordance with Sections 2.10(h) and (i) in an aggregate amount equal to the Applicable Excess Cash Flow Percentage for the Excess Cash Flow Period then ended.

• The Parent shall procure that on each Excess Cash Flow Payment Date, an amount equal to the Applicable Excess Cash Flow Percentage of Excess Cash Flow (other than any amounts from Excess Cash Flow previously applied in accordance with Clause 12.3 (Application of Voluntary Prepayments)) for the relevant Excess Cash Flow Payment Period shall be applied in accordance with Clause 13.3 (Application of Mandatory Prepayments).

• Changes in the level of Cash Flow Percentage Cap After the year ending 31 March 2011, the Final Funding Agreement provides that the CFPC may reduce in increments of 5% (to a floor of 10%), provided that the annual contributions are, on average, lower than the reduced CFPC level for the four years preceding the reduction, and that the CFPC cannot reduce by more than 5% in any four year period.

More Definitions of Cash Flow Percentage

Cash Flow Percentage as defined in subsection 5.1(b).

Cash Flow Percentage means actual cash flow as a percentage of budgeted operating cash flow as approved by the chief executive officer of the company. Cash flow consists of Operating Profit plus depreciation and amortization minus changes in working capital and capital expenditures. The cash flow percentage is a maximum of 110% and a minimum of 90%.

Cash Flow Percentage means, as of the date of any sale or exchange of capital stock, assets, or a Wireless System, or of any redesignation of any Restricted Subsidiary or Unrestricted Subsidiary pursuant to the definition of "Restricted Subsidiary" herein, the ratio, expressed as a percentage, derived by dividing (a) Cash Flow attributable thereto for the four consecutive fiscal quarters of the Borrower ending on, or most recently ended prior to, such date for which financial information is available and has been delivered to the Banks hereunder prior to such date of sale or exchange by (b) Cash Flow of the Borrower and its Restricted Subsidiaries for such period.

Cash Flow Percentage the meaning specified in Subsection 10.1.9.

Cash Flow Percentage means, as of the date of any Required Asset Sale by a Borrower or a Significant Subsidiary thereof, the ratio, expressed as a percentage, derived by dividing (a) the portion of Consolidated EBITDA for the four consecutive fiscal quarters of such Borrower ending on, or most recently ended prior to, such date for which financial information is available and has been delivered to the Banks hereunder prior to such date attributable to the assets sold or otherwise disposed of pursuant to such Required Asset Sale by (b) Consolidated EBITDA of such Borrower for such period.

Cash Flow Percentage means, as of the date of any sale, pledge or other disposition (whether voluntary or involuntary) or exchange of the assets comprising a Broadcast Station (including the Capital Securities of a Person that owns a Broadcast Station), the ratio, expressed as a percentage, derived by dividing (a) Operating Cash Flow attributable thereto for the period of four consecutive fiscal quarters ending on the last day of the most recent fiscal year or fiscal quarter in respect of which each Bank shall have received Section 5.01 Financials by (b) Consolidated Operating Cash Flow for such period.

Cash Flow Percentage. (i) with respect to the Class B Management Interests, shall have the meaning set forth in the resolution of the Board adopted pursuant to Section 5.1(a)(i)(C) with respect to the Class B Management Interests and set forth from time to time on Schedule A hereto; and (ii) with respect to any and all tranches of Class B Management Interests, such tranche’s portion of the Cash Flow Percentage of the Class B Management Interests which shall equal the product of (a) the Cash Flow Percentage of the Class B Management Interests, and (b) the quotient determined by dividing (x) the total number of authorized Class B Management Interests in the applicable tranche by (y) the total number of all authorized Class B Management Interests. As set forth in the calculation above, the portion of the Cash Flow Percentage attributable to any tranche of Class B Management Interests shall be reduced as necessary to reflect the issuance of any new tranche of Class B Management Interests or to reflect the elimination of outstanding Class B Management Interests of such tranche, it being understood that such reduction shall give effect to the elimination of authorized but unissued Interests of the subject tranche but shall not reduce the economic rights of the outstanding Interests of such tranche. Notwithstanding anything contained herein to the contrary, in no event shall the aggregate Cash Flow Percentage of all tranches of Class B Management Interests exceed the Cash Flow Percentage of the Class B Management Interests.