Cash Flow Recapture definition

Cash Flow Recapture means the obligation of the Borrower to make a Cash Flow Recapture Payment based on the existence of Excess Cash Flow, beginning with Excess Cash Flow for the fiscal year ending March 31, 2000."
Sample 1
Cash Flow Recapture means the mandatory prepayments of the Existing Lender Obligations based on Free Cash Flow of Borrowers provided for under the Existing Lender Loan Documents as in effect on the Closing Date.
Sample 1
Cash Flow Recapture means on an annual basis, an amount equal to twenty percent (20%) of Borrower's net income less the total of distributions to ---- shareholders for payment of federal and state income taxes (whenever made), Unfunded Capital Expenditures and current maturities of long term debt and other expenses Borrower and Bank may agree upon from time to time.
Sample 1

Examples of Cash Flow Recapture in a sentence

  • The Cash Flow Recapture Requirement for any such fiscal year shall be received by the Bank no later than the date of delivery of the financial statements for such fiscal year required pursuant to Section 3(a)(i).

  • Fixed Charges shall be defined as all scheduled principal and capital lease payments (excluding any balloon payments or Cash Flow Recapture payments) plus the sum of interest expense, income tax expense and dividends.

  • Excess Cash Flow Recapture Calculation Excess Cash Flow (Paragraph 1.01) determined for each fiscal year beginning with Koko`oha’s fiscal year ending December 31, 2015 for Koko`oha and its Subsidiaries.

  • All prepayments and Cash Flow Recapture payments shall be applied to the unpaid principal installments of the Term Note in the inverse order of their regular maturities.

  • In addition, beginning on April 1, 2010 for the previous fiscal year and on April 1 of each fiscal year thereafter, the Excess Cash Flow Recapture Amount, calculated for such prior fiscal year, shall be applied to reduce the outstanding principal amount of the Term Loan, in inverse order of maturity of any Term Loan Payment.

  • Notwithstanding anything contained herein to the contrary, if (i) the Cash Flow Leverage Ratio is less than 3.00 to 1.00 for any two consecutive fiscal quarters of the Borrower and (ii) no Default or Event of Default shall have occurred and then be continuing, the Cash Flow Recapture Percentage shall be permanently reduced to 50%.

  • Borrower acknowledges and agrees that for Term Loans with amortization periods that is greater than five (5) years, Borrower shall be subject to Excess Cash Flow Recapture as additional principal repayment.

  • Cash Flow Recapture capped at Two Hundred Fifty Thousand and no/100 Dollars ($250,000.00) per fiscal year, with a lifetime cap of Five Hundred Thousand and no/100 Dollars ($500,000.00).

  • During each Cash Flow Recapture Period, Borrower shall prepay the Loans, within twenty-five (25) days after the last day of each calendar month during such Cash Flow Recapture Period, in an amount equal to Net Cash Flow for such calendar month.

  • No later than April 30 of each calendar year (commencing April 30, 1999), the Borrower shall pay over to the Agent for the ratable benefit of the Lenders, as and for a mandatory prepayment on the Term Notes an amount equal to 75% (the "Cash Flow Recapture Percentage") of Excess Cash Flow for the then most recently completed fiscal year.

Related to Cash Flow Recapture

  • Cash Flow Coverage Ratio means, for any period, the ratio of (i) Adjusted Parent Operating Cash Flow for such period to (ii) Corporate Charges for such period.

  • Cash Flow Ratio means, as at any date, the ratio of (a) the sum of the aggregate outstanding principal amount of all Indebtedness of the Company and the Restricted Subsidiaries determined on a consolidated basis, but excluding all Interest Swap Obligations entered into by the Company or any Restricted Subsidiary and one of the Banks outstanding on such date, plus (but without duplication of Indebtedness supported by letters of credit) the aggregate undrawn face amount of all letters of credit outstanding on such date to (b) Annualized Operating Cash Flow determined as at the last day of the most recent month for which financial information is available.

  • Cash Flow from Operations means net cash funds provided from operations, exclusive of Cash from Sales or Refinancing, of the Company or investment of any Company funds, without deduction for depreciation, but after deducting cash funds used to pay or establish a reserve for expenses, debt payments, capital improvements, and replacements and for such other items as the Board of Directors reasonably determines to be necessary or appropriate and subject to Loan Conditions.

  • Operating Cash Flow means the Company’s or a business unit’s sum of Net Income plus depreciation and amortization less capital expenditures plus changes in working capital comprised of accounts receivable, inventories, other current assets, trade accounts payable, accrued expenses, product warranty, advance payments from customers and long-term accrued expenses, determined in accordance with generally acceptable accounting principles.

  • Net Loss Proceeds means the aggregate cash proceeds received by the Company or any of its Restricted Subsidiaries in respect of any Event of Loss, including, without limitation, insurance proceeds, condemnation awards or damages awarded by any judgment, net of:

  • Net Cash Flow means, for any period, the amount obtained by subtracting Operating Expenses and Capital Expenditures for such period from Gross Income from Operations for such period.

  • Cash Flow mean net income after taxes, and exclusive of extraordinary gains and income, plus depreciation and amortization.

  • Excess Cash Flow Period means each fiscal year of the Borrower, commencing with the fiscal year of the Borrower ending on December 31, 2016.

  • Retained Excess Cash Flow Amount means, at any date of determination, an amount, determined on a cumulative basis, that is equal to the aggregate cumulative sum of the Excess Cash Flow that is not required to be applied as a mandatory prepayment under Section 2.11(b)(i) for all Excess Cash Flow Periods ending after the Closing Date and prior to such date; provided that such amount shall not be less than zero for any Excess Cash Flow Period.

  • Cash Flow Leverage Ratio means, as of any time the same is to be determined, the ratio of (a) Funded Debt as of the last day of the most recent four fiscal quarters of the Company then ended minus Excess Cash as of the last day of the same such period to (b) EBITDA for the same most recent four fiscal quarters then ended.

  • Free Cash Flow means, for any Person for any period, EBITDA plus cash interest income of such Person for such period, less income taxes, Capital Expenditures and Investments (to the extent made in compliance with this Agreement), Scheduled Debt Service (if any) and variations in working capital made in the ordinary course of business, with respect to such period.

  • Excess Cash Flow means, for any period, an amount equal to the excess of:

  • Debt to Cash Flow Ratio means, with respect to any Person as of any date of determination, the ratio of (a) the Consolidated Indebtedness of such Person as of such date, less cash and Cash Equivalents, to (b) the Consolidated Cash Flow of such Person for the four most recent full fiscal quarters ending immediately prior to such date for which internal financial statements are available. For purposes of making the computation referred to above:

  • Excess Cash Flow Payment Date means the earlier of (a) the date occurring 90 days after the last day of each fiscal year of the Borrower (commencing with the fiscal year of the Borrower ending December 31, 2018) and (b) the third Business Day following the date on which financial statements with respect to such period are delivered pursuant to Section 5.01(c).

  • Excess Cash Flow Payment Period means, with respect to any Excess Cash Flow Payment Date, the immediately preceding fiscal year of the Borrower.

  • Net Monthly Excess Cash Flow For any Distribution Date the amount remaining for distribution pursuant to subsection 4.02(a)(iii) (before giving effect to distributions pursuant to such subsection).

  • Excess Cash Flow Application Date as defined in Section 2.12(c).

  • Excess Cash Flow Interim Period means, (x) during any Excess Cash Flow Period, any one, two, or three-quarter period (a) commencing on the later of (i) the end of the immediately preceding Excess Cash Flow Period and (ii) if applicable, the end of any prior Excess Cash Flow Interim Period occurring during the same Excess Cash Flow Period and (b) ending on the last day of the most recently ended fiscal quarter (other than the last day of the fiscal year) during such Excess Cash Flow Period for which financial statements are available and (y) during the period from the Closing Date until the beginning of the first Excess Cash Flow Period, any period commencing on the Closing Date and ending on the last day of the most recently ended fiscal quarter for which financial statements are available.

  • Annualized Operating Cash Flow means, for any fiscal quarter, the Operating Cash Flow for such fiscal quarter multiplied by four.

  • Excess Cash Flow Percentage 50%; provided that the Excess Cash Flow Percentage shall be reduced to (a) 25% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 3.75 to 1.00 and (b) to 0% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 2.25 to 1.00.

  • Adjusted Operating Cash Flow means the net cash provided by operating activities of the Company as reported in the Company’s consolidated statements of cash flows included in its Annual Report on Form 10-K, adjusted to eliminate the effect on operating cash flows of net customer financing cash flows, as reported in the Company’s consolidated statements of cash flows included in its Annual Report on Form 10-K.

  • Adjusted Consolidated Working Capital means, at any time, Consolidated Current Assets (but excluding therefrom all cash and Cash Equivalents) less Consolidated Current Liabilities at such time.

  • Consolidated Maintenance Capital Expenditures means, for any period, the aggregate amount of expenditures for additions to property, plant, and equipment that are not Consolidated Expansion Capital Expenditures.

  • EBITDA Coverage Ratio defined as EBITDA divided by the aggregate of total interest expense plus the prior period current maturity of long-term debt and the prior period current maturity of subordinated debt.

  • Annualized Consolidated EBITDA means, for any quarter, the product of Consolidated EBITDA for such period of time multiplied by four (4).