Free Cash Flow Amount definition

Free Cash Flow Amount has the meaning given in clause 9.5.
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Free Cash Flow Amount means, as of the date of any determination, the sum of (I) the lesser of (A) the product of (1) the Free Cash Multiple, multiplied by (2) the Services Business Free Cash Flow and (B) the product of (x) 2, multiplied by (y) the Services Business Revenue, plus (II) the lesser of (1) 50% of the result of the immediately preceding clause (I), and (2) 30% of the Company's After-tax PV10, plus (III) 10% of the Company's After-tax PV10.
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Free Cash Flow Amount means, with respect to the last day of any fiscal quarter, the amount of Free Cash Flow as of such date.
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Examples of Free Cash Flow Amount in a sentence

  • After the full indefeasible payment of the Senior Debt in cash, the Company shall redeem, on a quarterly basis, until the Notes have been repaid in full, an aggregate principal amount of the Notes equal to the Free Cash Flow Amount, if any, as of the last day of the most recent fiscal quarter then ended.

  • Following the full indefeasible payment of the Senior Debt in cash, on each Quarterly Distribution Date on which Free Cash Flow is available to redeem, in whole or in part, the Notes, the Company shall deposit with the Paying Agent immediately available funds equal to the Free Cash Flow Amount as of the last day of the fiscal quarter most recently ended prior to such Quarterly Distribution Date to redeem, in whole or in part, the Notes in a principal amount equal to such Free Cash Flow Amount.

  • In addition, there are two “haircut” provisions that may reduce the payout amount under the Plan:Performance Target Minimum Free Cash Flow Amount of $80 million Comparable Sales + 1% There will be a 25% reduction in the payout amount if the Company does not meet either performance target, as set by the Committee with respect to F’06.

  • If the Trustee is not the Registrar, upon receipt of any Free Cash Flow Amount to be distributed to the Holders in respect of a whole or partial redemption of the Notes, upon the request by the Trustee, the Company shall furnish to the Trustee (or request the Registrar to furnish to the Trustee) a list (in such form and as of such date as the Trustee may reasonably require) of the names and addresses of the Holders of each Series of Notes.

  • If the Trustee is not the Registrar, upon receipt of a Free Cash Flow Amount to be distributed to the Holders in respect of a whole or partial redemption of the Notes, upon the request by the Trustee, the Company shall furnish to the Trustee (or request the Registrar to furnish to the Trustee) a list (in such form and as of such date as the Trustee may reasonably require) of the names and addresses of the Holders of Notes.


More Definitions of Free Cash Flow Amount

Free Cash Flow Amount means, for any period, for the Companies on a consolidated basis, the remainder of (a) Consolidated EBITDA, minus (b) the aggregate amount of scheduled principal payments required to be made during such period on Consolidated Debt that is not Subordinated Debt, minus (c) Consolidated Interest Expense payable during such period (other than interest payable with respect to the Borrowings and Subordinated Debt), minus (d) FF&E Reserves, minus (e) the aggregate amount of cash Taxes paid for such period of continuing operations. GAAP means generally accepted accounting principles in the United States of America as set forth in the opinions and pronouncements of the American Institute of Certified Public Accountants and the statements and pronouncements of the Financial Accounting Standards Board which are applicable from time to time.
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Free Cash Flow Amount for any fiscal period of the Borrower, an amount equal to (a) cash provided by operating activities of the Borrower and its Restricted Subsidiaries for such fiscal period as reflected in the consolidated statement of cash flows of the Borrower and its Restricted Subsidiaries for such fiscal period prepared in accordance with GAAP minus (b) the actual cash amount paid by the Borrower and its Restricted Subsidiaries in respect of Capital Expenditures during such period minus (c) in the case of any fiscal period of the Borrower in which cash provided by operating activities of the Borrower and its Restricted Subsidiaries for such fiscal period is an amount less than zero, 100% of the absolute value of any such deficit.
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Free Cash Flow Amount means, as of any Free Cash Flow Determination Date, an amount equal to (i) the Consolidated Cash Flow for the fiscal quarter ending immediately prior to such Free Cash Flow Determination Date, less (ii) capital expenditures actually made during such fiscal quarter, less (iii) Required Reserves determined as of such Free Cash Flow Determination Date.
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Related to Free Cash Flow Amount

  • 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.

  • 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.

  • Free Cash means the aggregate book value of the holdings which at all times are available for the Issuer of any:

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

  • 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.

  • Cash Flow Distribution Amount As to any calendar month, the aggregate amount of principal distributable in respect of the Mortgage Securities in such calendar month.

  • Adjusted Cash Flow for any fiscal year shall mean Consolidated Net Income of the Borrower for such fiscal year (after provision for taxes) plus the amount of all net non-cash charges (including, without limitation, depreciation, deferred tax expense, non-cash interest expense, amortization and other non-cash charges) that were deducted in arriving at such Consolidated Net Income for such fiscal year, minus the amount of all non-cash gains and gains from sales of assets (other than sales of inventory and equipment in the normal course of business) that were added in arriving at such Consolidated Net Income for such fiscal year.

  • Available Cash Flow means an amount, with respect to each Fiscal Year or portion thereof during the Term, equal to the excess, if any, of the Operating Profit over the Owner’s Priority.

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

  • 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.

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

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

  • 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.

  • Cumulative Retained Excess Cash Flow Amount means, at any date, an amount, not less than zero in the aggregate, determined on a cumulative basis equal to the aggregate cumulative sum of the Retained Percentage of Excess Cash Flow for all Excess Cash Flow Periods ending after the Closing Date and prior to such date.

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

  • Excess Cash Amount means, as of any Excess Cash Measurement Date, (a) the total amount of Unrestricted Cash, less (b) the sum of (i) the applicable Minimum Cash Threshold hereto corresponding to such Excess Cash Measurement Date, (ii) the total amount of scheduled payments due by OEC and its Subsidiaries, taken as a whole, under (x) the New Notes and (y) any other Permitted Indebtedness in each case in the subsequent twelve (12) month period, (iii) projected expenses for the Issuer to conduct its operations during the subsequent twelve (12) month period, including any foreign currency conversion expenses and (iv) for any Excess Cash Measurement Date through (and including) December 31, 2024, any Fines due by OEC and its Subsidiaries for the subsequent twelve (12) month period; less (c) an amount equal to the Required Gross-Up; provided that any items already deducted from cash and short-term investments of OEC and its Subsidiaries for purposes of determining Unrestricted Cash shall not be deducted again for purposes of determining the Excess Cash Amount.

  • Cumulative Excess Cash Flow means the sum of Excess Cash Flow (but not less than zero in any period) for the fiscal year ending on December 31, 2013 and Excess Cash Flow for each succeeding completed fiscal year.

  • Net Available Cash from an Asset Disposition means cash payments received (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise and net proceeds from the sale or other disposition of any securities received as consideration, but only as and when received, but excluding any other consideration received in the form of assumption by the acquiring person of Indebtedness or other obligations relating to the properties or assets that are the subject of such Asset Disposition or received in any other non-cash form) therefrom, in each case net of:

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • 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 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.

  • Net Loss Proceeds means, with respect to any Event of Loss, the proceeds in the form of (a) cash or Cash Equivalents and (b) insurance proceeds, condemnation awards or damages awarded by any judgment, in each case received by an Obligor from such Event of Loss net of:

  • Adjusted gross proceeds means gross proceeds less cash prizes, cost of

  • 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.

  • Net Cash means the cash proceeds (net of cash taxes paid and reasonable and customary costs paid to unrelated and unaffiliated third parties in connection with a particular transaction) arising from any Excess Cash Event.