CFADS definition
CFADS means cash flow available for debt service and is the aggregate of EBITDA, plus:
CFADS means the cash flow available for debt service on the Loan as indicated in the monthly Cash Sweep Report.
CFADS means, in respect of any DSCR Calculation Period, the sum of (i) the aggregate amount deposited (or, as applicable, projected to be deposited) in the Operating Account (other than transfers from any other Secured Account to the Operating Account or the proceeds of any Indebtedness or Equity Contributions deposited therein) during such DSCR Calculation Period minus (ii) the aggregate amount transferred (or, as applicable, projected to be transferred) from the Operating Account to the O&M Expense Account during such DSCR Calculation Period.
Examples of CFADS in a sentence
CFADS to Debt Service Liability for each financial year must be at least 10.00 to 1.
The Cash Sweep Report shall total the CFADS and will indicate the appropriate disbursement of such funds towards interest payments and principal re-payments on the Loan.
The minimum ratio of Borrower CFADS to Net Cash Interest Expense of the Loan Parties shall be no less than 4.00 to 1.00 for any period of four consecutive fiscal quarters of the Borrower.
At the end of each fiscal quarter of HEC, the Historical CFADS from Petroleum Properties for the period of four consecutive quarters then ending (subject to the last sentence of this Section 4.34), determined on the basis of the financial statements and reports furnished pursuant to Section , will not be less than 200% of the interest expense of HEC and its consolidated Subsidiaries for such period.
CFADS in respect of any period, an amount equal to: 1 the aggregate amount of Revenues for that period; less 2 the aggregate amount of: (a) Project Costs; and (b) head office and discretionary expenditure in relation to the Project as detailed in the Life of Mine Plan and the Base Case Financial Model, for that period.
More Definitions of CFADS
CFADS means, with respect to any period, an amount equal to:
CFADS means, for the applicable period, the sum of (a) on a consolidated basis in accordance with GAAP, net cash provided by (used in) operating activities of Holdings and its Subsidiaries during such period, adjusted as follows (without duplication of any increase, decrease, exclusion or other amount): (i) plus or minus changes in short term assets and short term liabilities as reflected (or to be reflected) on Holdings’ statement of cash flows during such period, (ii) minus deposits into (or plus withdrawals from) restricted cash accounts during such period required by project financing arrangements to the extent they decrease (or increase) cash provided by operating activities, (iii) minus cash distributions paid to non-controlling interests in Holdings’ and its Subsidiaries’ projects during such period, if any, (iv) minus scheduled project level and other debt service payments and repayments in accordance with the related borrowing arrangements, to the extent they are paid from operating cash flows during such period, (v) minus non-expansionary capital expenditures, if any, to the extent they are paid from operating cash flows during such period, (vi) plus, to the extent reducing Holdings’ net cash provided by operating activities for such period, monitoring, consulting, management and similar fees payable under the Master Services Agreement (as in effect on the Closing Date) during such period and (vii) plus or minus any other operating items as necessary to present the cash flows Holdings deems representative of its core business operations, with the approval of the audit committee of Holdings, during such period; provided that any CFADS attributable to the operations of Unrestricted Subsidiaries will only be included in the foregoing calculation to the extent of any cash dividends or other cash distributions received by Holdings or any of its Restricted Subsidiaries during the period for which CFADS is being calculated (or, without duplication, subsequent to such period but on or prior to the applicable date of determination), and (b) without duplication of amounts included in the immediately preceding clause (a), the sum of (i) Borrower Interest Expense during such period and (ii) debt service payments and repayments in respect of Indebtedness of Holdings and its Subsidiaries (other than Non-Recourse Subsidiaries) in accordance with the related borrowing arrangements, to the extent they are paid from operating cash flows during such period. Notwithstandi...
CFADS means the EBITDA of the APR Group (excluding any Immaterial Subsidiary which is not an Obligor) for a Measurement Period: (a) less (x) capital expenditure incurred in connection with maintenance, and (y) mobilization and demobilization costs (in each case, amortized or accreted over the life of the contracts to which they relate, but excluding any mobilization costs incurred prior to the Funding Date) for such Measurement Period; and (b) less cash Taxes for such period.
CFADS means, as of any date of determination, (x) the aggregate amount of CAFD of the Parent for the Test Period plus (y) without duplication of amounts included in CAFD of the Parent for the Test Period, the aggregate amount of Fixed Charges of the Parent and its Restricted Subsidiaries for the Test Period, to the extent such Fixed Charges exceed the amount (if any) of Interest Support Payments made during the Test Period with respect to Indebtedness of the Parent and its Restricted Subsidiaries (other than Non-Recourse Subsidiaries).
CFADS means, for the applicable period, the sum of CAFD and Fixed Charges.
CFADS or "Cash Flow Available for Debt Service" means, for any period, gross cash operating revenues properly allocable to
CFADS means, with respect to the term of any proposed Funded Debt payable by, assumed by or guaranteed by any Obligor, an amount equal to (A) projected revenue (based on consensus metal pricing) reasonably expected to be generated from the sale of production from the Mine during such term, less (B) the aggregate amount of all deliveries, payments and other obligations of each Obligor under any stream, royalty or similar transaction with respect to production from the Mine including deliveries under the Stream and the Guarantor’s obligations under the Royalty, less (C) all operating expenditures of the Obligors, less (D) all sustaining capital expenditures of the Obligors, less (E) cash Taxes of the Obligors, less (F) all cash reclamation expenses of the Obligors, all calculated on a consolidated basis and based on reasonable assumptions to be agreed to, during the period commencing on the date the Funded Debt is proposed to be issued to the maturity date of the proposed Funded Debt.