Cash Flow Sweep definition

Cash Flow Sweep shall have the meaning given to such term in Section 8.1.
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Cash Flow Sweep means a sum equal to Fifty (50) percent of the EBITDA which derives from each related financial year of the Borrower after deduction of interest expenses, plus debt mandatory amortization, taxation and maintenance capital expenditures in such financial year, beginning after December 31, 1999.
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Cash Flow Sweep shall have the meaning set forth in 2.7(b)(ii).
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Examples of Cash Flow Sweep in a sentence

  • Reorganized Debt subject to a Cash Flow Sweep shall be redeemed, repurchased or repaid, as applicable, at a price in cash equal to 100% of the principal amount of such Reorganized Debt, plus accrued and unpaid interest, if any, to the date of such redemption, repurchase or repayment and additional amounts, if any.

  • The LIBOR floor shall be 1.0%.• Amortization: 2.5% per annum (payable quarterly) beginning in the second year following the Effective Date.• Excess Cash Flow Sweep: 50%, with payments split pro rata between the Exit Tranche A Term Loans and the Exit Tranche B Term Loans.• Security / Priority: Secured by a first-priority lien on the collateral that currently secures the Prepetition Term Loan Claims and a second-priority lien on the collateral that currently secures the Prepetition ABL Claims.

  • The level amount of each installment of Charter Hire set forth herein shall continue notwithstanding any prepayment or Cash Flow Sweep payment, with the result that the number of payments required to pay the entire Casualty Value or Charter Hire shall be reduced.

  • The Owner may, after notifying the Charterer in writing of the default, and after giving the Charterer thirty (30) days from the receipt of notice to remedy any default (other than a Charter Hire, Cash Flow Sweep or other payment default which requires five (5) days written notice), withdraw the Vessel from the service of the Charterer and immediately terminate this Charter.

  • With each prepayment and each Cash Flow Sweep payment, the Schedule shall be modified to reflect a new amortization schedule reflecting the adjusted Casualty Value and the portion thereof representing principal.

  • Any portion of the Excess Cash Flow Sweep applied to the General Unsecured Creditor Note shall be indefeasibly paid to the Administrator and thereby reduce the outstanding balance of the General Unsecured Creditor Note by the gross amount of such payment as of the time at which such payment is made.

  • No later than the fifteenth day following the last day of each fiscal quarter of the Company (as the Company's fiscal year is in effect on the Issue Date), the Company shall deposit into the Notes Sinking Fund Account an amount equal to the Cash Flow Sweep Amount.

  • The Xxxxxxx Borrower shall have no right to pre-pay or otherwise repay the amounts owing under The Xxxxxxx Construction Loan Agreement except as set forth below under the headings "The Xxxxxxx Excess Cash Flow Sweep" and "General Pre-Payment Right".

  • For the purposes hereof: "The Xxxxxxx Excess Cash Flow Sweep Termination Date" shall be the date upon which The Xxxxxxx Borrower has repaid an amount in respect of The Xxxxxxx Construction Loan such that the aggregate principal amount owing under The Xxxxxxx Construction Loan and the Gulfstream Construction Loan as of such date is equal to the Deemed Aggregate Principal Amount as of such date.

  • They have been non-quantified due to one of the following reasons:1.


More Definitions of Cash Flow Sweep

Cash Flow Sweep means the Special Principal Payments required under Section 9(d) of the First Supplement.
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Cash Flow Sweep shall have the meaning given to such term in Section 8.1 of the Senior Loan Agreement.
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Cash Flow Sweep means the operation of clause 19.3(f) (Cash Flow Sweep) to determine the manner in which the balance of the Proceeds Account is to be applied by the Borrower;
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Related to Cash Flow Sweep

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

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

  • Cash Flow Statement means, with respect to any particular Bonds and Auxiliary Obligations, an Authority Certificate (a) setting forth, for the then current and each future Bond Year during which such Bonds and Auxiliary Obligations will be Outstanding, and taking into account (i) any such Bonds expected to be issued or redeemed or purchased for cancellation in each such Bond Year upon or in connection with the filing of such Certificate, (for which purpose, if such Authority Certificate is delivered as of a date prior to a scheduled mandatory tender date for any Adjustable Rate Bonds, the Purchase Price of all such Adjustable Rate Bonds subject to mandatory tender on such tender date shall be assumed to be due and payable on such mandatory tender date), (ii) any such Auxiliary Obligations expected to be incurred upon or in connection with the filing of such Certificate, (iii) the interest rate, purchase price, discount points and other terms of any Related Mortgage Loans, and (iv) the application, withdrawal or transfer of any moneys expected to be applied, withdrawn or transferred upon or in connection with the filing of such Certificate:

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

  • 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.

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

  • 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.

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

  • 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 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.

  • 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.

  • 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:

  • 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.

  • Consolidated Operating Cash Flow means, with respect to the Company and its Subsidiaries on a consolidated basis, for any period, an amount equal to Consolidated Net Income for such period increased (without duplication) by the sum of:

  • 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.

  • 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.

  • 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).

  • 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.

  • 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.

  • Funds Flow Statement means a funds flow statement in agreed form.

  • 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.

  • 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.

  • Excess Cashflow With respect to any Distribution Date, an amount, if any, equal to the sum of (a) the Remaining Excess Spread for such Distribution Date and (b) the Overcollateralization Release Amount for such Distribution Date.

  • Cash Sweep Period means each period commencing on the occurrence of a Cash Sweep Event and continuing until the earlier of (a) the Payment Date next occurring following the related Cash Sweep Event Cure, or (b) until payment in full of all principal and interest on the Loan and all other amounts payable under the Loan Documents.

  • Consolidated Cash Flow means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication: