Minimum Operating Cash definition

Minimum Operating Cash means $225,000 in Cash.
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Minimum Operating Cash means $2,000,000 in Cash.
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Minimum Operating Cash means $295,975 in Cash.
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Examples of Minimum Operating Cash in a sentence

  • For the five week period ending November 30, 2007, operating cash flow of the Administrative Borrower minus the stated amount of any Letters of Credit Issued during the Designated Period (other than existing Letters of Credit extended or renewed during the Designated Period but including any increase in stated amount of any Letter of Credit during the Designated Period) in a stated amount in excess of $5,000,000, shall not be less than Minimum Operating Cash Flow.

  • The failure of the Borrowers to comply with the Minimum Operating Cash Flow covenant set forth in this Section 6 shall not, of itself, constitute a default or an Event of Default under the Credit Agreement.

  • Permit the Minimum Operating Cash Flow to be less than $1,500,000 as of the end of the Fourth Fiscal Quarter of 2020, and to be less than $1,875,000 as of the end of the First Fiscal Quarter of 2021 and thereafter.

  • Minimum Operating Cash Flow..........................................................25 Section 5.11.

  • Subject to any such demand from the Bond Trustee described in the preceding sentence, moneys in the Operation and Maintenance Account shall, to the extent not expended as of each May 15th and November 15th, be paid to the Bond Trustee for deposit in the Arena Revenue Fund except for the retention of an Operation and Maintenance Account reserve equal to the Minimum Operating Cash Balance applicable to each such date.

  • The Corporation may direct the Bond Trustee to make such a transfer or transfers by Written Instruction when the amount of moneys held in the Operation and Maintenance Account are less than the Minimum Operating Cash Balance.

  • Section 6.3. Minimum Operating Cash Flow to Interest Ratio..............

  • Minimum Operating Cash Flow to Consolidated Fixed Charges 20 SECTION 10.

Related to Minimum Operating Cash

  • 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.

  • Net Operating Cash Flow means the net cash flow to the Partnership resulting from ownership and operation of the Partnership Property, plus any other items of income received in cash by the Partnership less (i) all debts and expenses paid in the operation of the Partnership, (ii) any reserves which the General Partners deem reasonably necessary for the operation of the Partnership or for the satisfaction of obligations of the Partnership pursuant to Section 8.6, and (iii) all proceeds which are (A) received by the Partnership from the Transfer of Partnership Property, and (B) used to purchase or reserved, as determined by the General Partners in furtherance of their fiduciary duties hereunder and under the Act, for the purchase of other Partnership Property.

  • 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.

  • Adjusted Operating Income for each year in the Performance Period is defined as the Company’s net income from continuing operations as reported in the Company’s financial statements (including accompanying footnotes and management’s discussion and analysis), adjusted as set forth in the immediately following sentence. In calculating Adjusted Operating Income, net income from continuing operations shall be adjusted as follows: first (A) remove the after-tax effects of the following items: (i) losses (net of reinsurance) from catastrophes (as designated by the Insurance Service Office’s Property Claims Service Group, the Lloyd’s Claim Office, Swiss Reinsurance Company’s sigma report, or a comparable report or organization generally recognized by the insurance industry, and reported by the Company as a catastrophe); asbestos and environmental reserve charges (or releases); net realized investment gains or losses in the fixed maturities and real estate portfolios; and (ii) extraordinary items, the cumulative effect of accounting changes and federal income tax rate changes, and restructuring charges, each as defined by generally accepted accounting principles in the United States, and each as reported in the Company’s financial statements (including accompanying footnotes and management’s discussion and analysis); (B) reduced, as to the first year in the Performance Period (20XX), by $XXXXXX, as to the second year in the Performance Period (20XX), by $XXXXXX times the ratio of: the Company’s 20XX consolidated personal lines homeowners net written premium plus commercial lines property net written premium plus 50% of commercial lines multi peril net written premium divided by the Company’s 20XX consolidated personal lines homeowners net written premium plus commercial lines property net written premium plus 50% of commercial lines multi peril net written premium, and as to the third year in the Performance Period (20XX), by $XXXXXX times the ratio of: the Company’s 20XX consolidated personal lines homeowners net written premium plus commercial lines property net written premium plus 50% of commercial lines multi peril net written premium divided by the Company’s 20XX consolidated personal lines homeowners net written premium plus commercial lines property net written premium plus 50% of commercial lines multi peril net written premium; and (C) reduced by an amount intended, as of the date of this award, to approximate historical levels of credit losses (on an after-tax basis) associated with the Company’s fixed income investments, determined by (i) multiplying a fixed factor, expressed as 2.25 basis points, by the amortized cost of the Company’s fixed maturity investment portfolio at the beginning of each quarter during the relevant year in the Performance Period and (ii) adding the after-tax sum of the amounts resulting from (i) for such year in the Performance Period.

  • Consolidated Operating Cash Flow means, with respect to the Company and its Subsidiaries on a consolidated basis, for any period, an amount equal to Consolidated Net Income for such period increased (without duplication) by the sum of: