Excess Cash Flow Threshold means $30,000,000.
Excess Cash Flow Threshold means $20,000,000.
Excess Cash Flow Threshold means $35,000,000. “Excluded Assets” means (i) any (x) fee-owned real property and (y) all leasehold interests (it being understood and agreed that no action shall be required with respect to creation or perfection of security interests with respect to such leases, including to obtain landlord waivers, estoppels or collateral access letters); (ii) commercial tort claims in which the amount claimed is less than $20,000,000 individually, (iii) motor vehicles and other assets subject to certificates of title and letter of credit rights (to the extent not constituting a supporting obligation), in each case, except to the extent perfection can be achieved by filing a UCC-1 financing statement; (iv) pledges and security interests prohibited by applicable Law, rule or regulation or agreement with any governmental authority after giving effect to the applicable anti-assignment provisions of the Uniform Commercial Code; (v) Equity Interests in any Person other than wholly-owned Subsidiaries to the extent not permitted by the terms of such Person’s Organization Documents, shareholder agreement or JV Entity documents after giving effect to the applicable anti-assignment provisions of the Uniform Commercial Code other than proceeds thereof; (vi) any lease, license or other agreement or contract or any property subject to a purchase money security interest or similar arrangement to the extent that a grant of a security interest therein would violate or invalidate such lease, license or agreement or contract or purchase money arrangement or create a right of termination in favor of any other party thereto (other than Holdings, the Borrower or any of its Subsidiaries) after giving effect to the applicable anti-assignment provisions of the Uniform Commercial Code or other similar applicable Law, other than proceeds thereof; (vii) any governmental licenses (but not the proceeds thereof) or state or local franchises, charters and authorizations and any other property or asset the grant or perfection of a security interest in which would require governmental consent, to the extent security interests in such licenses, franchises, charters or authorizations, properties or assets are prohibited or restricted thereby after giving effect to the applicable anti-assignment provisions of the Uniform Commercial Code other than proceeds thereof, the assignment of which is expressly deemed 32
Examples of Excess Cash Flow Threshold in a sentence
Not make expenditures for fixed or capital assets if, after giving effect thereto, the aggregate of all such expenditures, excluding expenditures for the water pre-treatment facility not to exceed $3,000,000, would exceed (i) prior to Borrower meeting the Excess Cash Flow Threshold, $1,000,000 during any fiscal year of Borrower, and (ii) following Borrower meeting the Excess Cash Flow Threshold, $1,500,000 during any fiscal year of Borrower.
More Definitions of Excess Cash Flow Threshold
Excess Cash Flow Threshold means the greater of $50,000,000 and 8.0% of Consolidated EBITDA as of the last day of the most recently ended Test Period.
Excess Cash Flow Threshold means $1,000,000.
Excess Cash Flow Threshold means $5,000,000.
Excess Cash Flow Threshold means $15,000,000.
Excess Cash Flow Threshold shall have the meaning assigned to such term in Section 2.10(f).
Excess Cash Flow Threshold means that Borrower has maintained EBITDA of $5,000,000 or more for two (2) consecutive quarters, combined, commencing January 31, 2007, as reflected in its quarterly reports on Form 10-Q, as filed with the Securities Exchange Commission.
Excess Cash Flow Threshold means $20,000,000. “Exchange Act” means the Securities Exchange Act of 1934.