Excess Operating Cash Flow means for any fiscal quarter, Net Income of the Borrowers plus non-cash interest expense, depreciation and amortization and any other non-cash items of the Borrowers, minus scheduled principal payments of the Borrowers to Lenders, lease payments and capital expenditures of the Borrowers, plus or minus changes in working capital of the Borrowers, as appropriate.
Excess Operating Cash Flow means, for any period, Net Income of -------------------------- Borrower and its Subsidiaries plus non-cash interest expense, depreciation and amortization and any other non-cash items of Borrower and its Subsidiaries reducing Net Income, minus scheduled Principal Payments of Borrower and its ----- Subsidiaries, lease payments and capital expenditures of Borrower and its Subsidiaries (to the extent not otherwise deducted in determining Net Income), plus or minus changes in working capital of Borrower and its Subsidiaries during such period.
Excess Operating Cash Flow set forth in SECTION 1.02 is hereby amended to insert immediately after the words "capital expenditures" the parenthetical "(to the extent permitted in compliance with the Loan Agreement)".
Examples of Excess Operating Cash Flow in a sentence
Any then remaining Excess Operating Cash Flow shall be applied to reduce then outstanding borrowings under the Revolver until fully repaid.
Commencing with the fiscal year ending December 31, 2000, the Borrowers shall, not later than 15 days following the date their Audited Financial Statements are required to be delivered to the Lender under Section 6.1, pay to the Lender 50% of the amount of Consolidated Excess Operating Cash Flow for the fiscal year most recently ended (each such payment to the Lender being referred to herein as an "Excess Operating Cash Flow Payment").
Excess Operating Cash Flow repayments will be payable 120 days after the end of each fiscal year, beginning September 30, 2002 and applied first (on a PRO RATA basis) to required principal repayments of Term Loan A and Term Loan B on a pro-rata basis to the remaining scheduled principal payments.
Excess Operating Cash Flow shall be defined as pretax income plus depreciation and amortization minus the sum of (a) capital expenditures in excess of the amount financed by Uno Acquisition Corp.
For the purposes of this definition, Excess Operating Cash Flow with respect to the fiscal year ending April 30, 2003, shall be measured from the February 1, 2003 through April 30, 2003, and for each fiscal year thereafter, shall be measured for such fiscal year.
More Definitions of Excess Operating Cash Flow
Excess Operating Cash Flow means for any financial year, with respect to the Xxxx Group, the amount by which Operating Cash Flow exceeds the aggregate of Dividends and the amount of the Scheduled Payment payable on the next Scheduled Payment Date (and the amount of the Additional Scheduled Payment, if any, payable on the next Additional Scheduled Payment Date, if any);
Excess Operating Cash Flow means, for any given month, the Company’s net cash provided by operating activities, if any, less any amounts of such cash used, or designated for use, to pay distributions to Shareholders.
Excess Operating Cash Flow means, for any particular Company Quarter, an amount of cash equal to (i) the consolidated EBITDA of the Company and its Subsidiaries for such Company Quarter, minus (ii) all cash payments by the Company and its Subsidiaries during such Company Quarter in respect of capital expenditures, minus (iii) all cash payments by the Company and its Subsidiaries during such Company Quarter in respect of accrued interest on indebtedness for borrowed money, minus (iv) all cash payments by the Company and its Subsidiaries in respect of taxes based on income or profits for such Company Quarter, minus (v) the aggregate amount of all Tax Distributions made by the Company in respect of such Company Quarter, and minus (vi) for each of the first twelve (12) Company Quarters following the Effective Date, an amount equal to (a) the aggregate amount of all indebtedness for borrowed money of the Company and its Subsidiaries as of immediately following the Closing, divided by (b) twelve (12), and for each Company Quarter thereafter, zero.
Excess Operating Cash Flow means, for every Fiscal Year, an amount equal to (i) Consolidated EBITDA for such Fiscal Year minus (ii) the sum of (a) Consolidated Financial Obligations (other than those set forth in clause (c) of the definition thereof) paid during such Fiscal Year, (b) voluntary prepayments of the Term Loan made during such Fiscal Year, (c) as long as the Aggregate Revolving Credit Commitment is reduced by the same amount, any voluntary prepayment of the Revolving Loans, (d) Management Fees paid in cash during such Fiscal Year, (e) Advisory Fees paid in cash during such Fiscal Year, not to exceed $500,000 in the aggregate in any Fiscal Year, (f) transaction costs and expenses incurred on or about the Closing Date in connection with the Acquisition and the financing thereof and the transactions contemplated herein, (g) Permitted Tax Distributions made during such Fiscal Year in accordance with Section 7.06(e), payments made in accordance with Sections 7.06(f) and (g) and payments made in accordance with Section 7.08(e), and (h) payments to the Parent Guarantor made in accordance with Section 7.06(n), plus (iii) non-recurring cash items during such Fiscal Year to the extent such items increased the calculation of Consolidated Net Income plus (iv) Extraordinary Net Cash Gains (if any) minus (v) Extraordinary Net Cash Losses (if any).
Excess Operating Cash Flow. For any period, without duplication. Consolidated EBITDA for such period, minus Cash Interest Charges for such period, minus permitted capital expenditures actually made in such period, except to the extent actually financed with permitted Indebtedness under Section 10.1(f) of this Credit Agreement incurred during such period, minus federal, state, and local income taxes paid in cash during such period, minus any required or mandatory permanent repayments of principal on any Funded Indebtedness of the Borrowers paid during such period, and minus any voluntary prepayments on the Term Loan pursuant to ss.2.6(d) of this Credit Agreement paid during such period."
Excess Operating Cash Flow in Section 1.01 of the Credit Agreement is hereby amended by deleting the word “and” from the end of clause (g) thereof, and adding the following at the end of clause (h) thereof:
Excess Operating Cash Flow means for the fiscal quarter preceding the date on which KMC intends to make an optional prepayment pursuant to the provisions of SECTION 2.07(A), Net Income of the Borrowers plus non-cash interest expense, depreciation and amortization and any other non-cash items of the Borrowers, minus scheduled principal payments of the Borrowers to Lender, lease payments and capital expenditures of the Borrowers, plus or minus changes in working capital of the Borrowers, as appropriate.