Free Cash Flow Percentage definition

Free Cash Flow Percentage means: (i) 0% at any time the Total Net Leverage Ratio is less than or equal to 3.00 to 1.00 and (ii) 50% at any time the Total Net Leverage Ratio exceeds 3.00 to 1.00, in each case as the Total Net Leverage Ratio will be tested as and when required in connection with a Free Cash Flow Prepayment Date.
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Free Cash Flow Percentage means the Company’s average Free Cash Flow during the Performance Period expressed as a percentage of Company’s Net Sales, which shall be determined as follows:
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Free Cash Flow Percentage shall initially mean the percentage determined pursuant to Section 1.2(a) of the Purchase Agreement, as adjusted, if applicable, pursuant to Sections 1.2(b) through 1.2(g) of the Purchase Agreement, subject to increase as set forth in Section 7.5 hereof.
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Examples of Free Cash Flow Percentage in a sentence

  • Free Cash Flow Percentage of Target Payout (50% of Total Bonus)Threshold$ 100.0050%Target/Max$ 200.00100%As reflected in the tables above, the actual annual incentive bonus for the CEO was capped at the target payout, to limit upside during a year with unprecedented social and economic impact.Free cash flow is defined as net cash provided by/(used in) operating activities less additions to property, plant & equipment and capitalized software.

  • Upon the closing of any such Class B Put as of the Class B Put Date, the Class B Points purchased by AMG shall be automatically converted into that number of new LLC Points as is specified below, and the Free Cash Flow Percentage shall thereafter be increased as provided herein.

  • Subject to adjustment as set forth below, the "Free Cash Flow Percentage" shall be seventy percent (70%), the "Purchased Percentage" shall be eighty percent (80%) and the "LLC Interest Purchase Price" shall be three hundred million dollars ($300,000,000).

  • Having said this , the DRC acknowledged that the central issue in the matter at stake was to determine as to whether the contract was terminated by the Respondent wi th or without just cause and to decide on the consequences thereof.

  • Version Number:1.2Author:Katherine OlsenDate:20/09/2018Document Owner:Townsville Catholic Education Investigation of Reports of Inappropriate behaviourWhen an Inappropriate Behaviour Staff Reporting Form has been received, and the Director – Organisational Services and Capability or delegate and Education Consultant has determined whether the allegation meets the Level 1 or Level 2 Inappropriate behaviour criteria, they will then follow the relevant process below.


More Definitions of Free Cash Flow Percentage

Free Cash Flow Percentage shall have the meaning specified in Section 1.2(a) hereof.
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Free Cash Flow Percentage means fifty-two percent (52%).
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Related to Free Cash Flow Percentage

  • 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.

  • 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.

  • Quarterly Excess Available Funds Percentage means, with respect to the July 2008 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • 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.

  • ECF Percentage has the meaning specified in Section 2.05(b)(i).

  • Applicable ECF Percentage means, for any fiscal year, (a) 50% if the Total Leverage Ratio as of the last day of such fiscal year is greater than or equal to 6.00 to 1.00, (b) 25% if the Total Leverage Ratio as of the last day of such fiscal year is less than 6.00 to 1.00 but greater than or equal to 5.00 to 1.00 and (c) 0% if the Total Leverage Ratio as of the last day of such fiscal year is less than 5.00 to 1.00.

  • Quarterly Excess Spread Percentage means, with respect to the August 2008 Distribution Date and each Distribution Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Spread Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Average Contribution Percentage means the average of the Contribution Percentages of the Eligible Participants in a group.

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

  • NOLV Percentage the net orderly liquidation value of Inventory, expressed as a percentage, expected to be realized at an orderly, negotiated sale held within a reasonable period of time, net of all liquidation expenses, as determined from the most recent appraisal of Borrowers’ Inventory performed by an appraiser and on terms satisfactory to Agent.

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

  • Excess Available Funds Percentage means, with respect to any Transfer Date, the amount, if any, by which the Portfolio Yield for the preceding Monthly Period exceeds the Base Rate for such Monthly Period.

  • Class B Loss Percentage With respect to any Determination Date and any Class of Class B Certificates then outstanding, the percentage calculated by dividing the Principal Balance of such Class by the Class B Principal Balance (determined without regard to any Principal Balance of any Class of Class B Certificates not then outstanding), in each case determined as of the preceding Determination Date.

  • Senior Percentage As of any Distribution Date, the lesser of 100% and a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of the Senior Certificates (other than the Class A-P Certificates) immediately prior to such Distribution Date and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) (other than the related Discount Fraction of each Discount Mortgage Loan) immediately prior to such Distribution Date.

  • 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.

  • Asset Percentage has the meaning specified in Section 2.05(b)(ii).

  • Funded Percentage means, with respect to any Lender at any time, a percentage equal to a fraction the numerator of which is the amount of the Aggregate Commitment actually disbursed and outstanding to Borrower by such Lender at such time, and the denominator of which is the total amount of the Aggregate Commitment disbursed and outstanding to Borrower by all of the Lenders at such time.

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

  • Total Percentage means, with respect to any Lender at any time, the ratio (expressed as a percentage) of such Lender’s Aggregate Exposure at such time to the Aggregate Exposure of all Lenders at such time.

  • Cash Percentage shall have the meaning specified in Section 14.02(a)(iii).

  • 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.

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

  • Net Liquidation Percentage means the percentage of the book value of Borrowers’ Inventory that is estimated to be recoverable in an orderly liquidation of such Inventory net of all associated costs and expenses of such liquidation, such percentage to be as determined from time to time by an appraisal company selected by Agent.

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

  • Shift Percentage As to any Distribution Date occurring during the five years beginning on the first Distribution Date, 0%. For any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date as follows: for any Distribution Date in the first year thereafter, 30%; for any Distribution Date in the second year thereafter, 40%; for any Distribution Date in the third year thereafter, 60%; for any Distribution Date in the fourth year thereafter, 80%; and for any Distribution Date thereafter, 100%.