Monthly Cash Burn definition

Monthly Cash Burn means, for any period of determination, Borrower’s monthly net income, minus amortization, plus depreciation; plus non-cash stock compensation, plus non-cash changes in the valuation of Borrower’s warrants that are required, in each case as applied under GAAP, to be treated as liabilities, all determined in accordance with GAAP; calculated on a trailing six (6) month basis, but including the current portion of interest-bearing liabilities due and payable in the immediately succeeding three (3) month period.
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Monthly Cash Burn means, for any period of determination, Borrower’s monthly net income, minus amortization plus depreciation (such amortization and depreciation as reviewed and approved in writing by Collateral Agent and the Lenders), plus non-cash stock compensation expense, including non-cash expense associated with granting stock options, plus the current portion of interest-bearing liabilities due and payable in the immediately succeeding three (3) month period; all determined in accordance with GAAP and calculated on a trailing six (6) month basis. In calculating Monthly Cash Burn, the income effect of revaluing warrants shall be disregarded.
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Monthly Cash Burn is, with respect to Borrower, as of any date of determination, the result of (a) (i) Net Loss, plus (ii) unfunded capital expenditures, minus (b) (i) depreciation expenses, (ii) non-cash stock compensation expense and (iii) other non-cash expenses as approved by Bank in its sole and absolute discretion.
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Examples of Monthly Cash Burn in a sentence

  • Commencing on the Closing Date, Borrower shall at all times maintain in accounts held at the Bank, unrestricted cash and cash equivalents in an aggregate amount equal to at least three times the Monthly Cash Burn as calculated on the last date of the immediately preceding month.

  • Furthermore, if the Credit Extension is for Term B Loan, in addition to all other applicable provisions of this Agreement, Borrower must also have on the Funding Date of the Term B Loan, in accounts maintained with the Bank, unrestricted cash and cash equivalents in an aggregate amount equal to at least twelve times the Monthly Cash Burn as calculated on the last date of the immediately preceding month.

  • Section 6.12) Required: Borrower shall maintain, tested on the last day of each month commencing on November 30, 2015 and as of the last day of each month thereafter, unrestricted cash and Cash Equivalents in accounts with Bank or Bank’s Affiliates in an amount equal to or greater than eight(8) times Borrower’s average Monthly Cash Burn Amount (the “Liquidity Requirement”).

  • Furthermore, if the Credit Extension is for Term B Loan or Term C Loan, in addition to all other applicable provisions of this Agreement, Borrower must also have on the Funding Date of the Term B Loan or Term C Loan, as applicable, in accounts maintained with the Bank, unrestricted cash and cash equivalents in an aggregate amount equal to at least nine times the Monthly Cash Burn as calculated on the last date of the immediately preceding month.

  • Permit, at any time, Qualified Cash to be less than (a) the positive value of the product of (x) three (3) multiplied by (y) the Monthly Cash Burn plus (b) the Qualified Cash A/P Amount.

  • Loan Parties shall not permit at any time the aggregate amount of (i) unrestricted cash and Cash Equivalents in their respective Deposit Accounts and Securities Accounts which are subject to Account Control Agreements plus (ii) Availability to be less than the positive value of the product of (x) three (3) multiplied by (y) the Monthly Cash Burn Amount.

  • To the extent any of the disclosure about the Investment Adviser is retained, please revise it to remove undefined terms (e.g., Financial Science, Modeling Techniques, Economic Theory on page 8; Go-to-Market Models on page 11; Cash Runaway and Monthly Cash Burn Rate on page 14) and jargon (e.g., clear, repeatable Blake E.

  • Electric Department Condition of Approval:To provide proper access for fire protection, the developer will be required to convert theexisting aerial utilities (City Electric, AT&T, and Comcast) to underground along Healdsburg Ave, Kennedy Lane, and the south property line.

  • Borrower shall maintain, as of the last day of each calendar month, a balance of unrestricted cash, cash equivalents and marketable securities which is at least five (5) times Borrower's Monthly Cash Burn.

  • Borrower shall maintain at all times, tested on the last day of each month commencing on November 30, 2015 and as of the last day of each month thereafter, unrestricted cash and Cash Equivalents in accounts with Bank or Bank’s Affiliates in an amount equal to or greater than eight (8) times Borrower’s average Monthly Cash Burn Amount (the “Liquidity Requirement”).


More Definitions of Monthly Cash Burn

Monthly Cash Burn means, for each calendar month (each, a “Reference Month”), as reasonably calculated by Bank, the difference between (a) the amount of Borrower’s unrestricted cash measured on the last day of the Reference Month, and (b) the amount of Borrower’s unrestricted cash measured on the last day of the calendar month immediately preceding the Reference Month;
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Monthly Cash Burn means Borrower's average monthly negative operating cash flow plus capital expenditures for the three months immediately prior to the date of measurement.
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Monthly Cash Burn is for any period of determination, the sum of (i) Borrower’s average monthly net losses (calculated on a consolidated basis with Borrower’s Subsidiaries) for the six month period then ended, (ii) the average monthly amortization and depreciation expenses of Borrower (calculated on a consolidated basis with Borrower’s Subsidiaries) for the trailing six month period then ended and (iii) the monthly average of the current portion of principal on interest-bearing liabilities due and payable in the immediately succeeding three month period.
Sample 1
Monthly Cash Burn means the average trailing 3 month change in cash, unused portions of Facillity #1 availability, Accounts Receivables, and deferred revenue that is calculated as follows: xXxxxx Technologies Services Inc. October 22, 2021
Sample 1
Monthly Cash Burn means, for any period of determination, Borrower’s average monthly net income (loss), with the following expenses added back: (a) amortization, (b) depreciation, (c) non-cash stock-based compensation, (d) non-cash interest expenses and (e) non-cash losses on warrant liabilities (or similar non-cash items), as reduced by gains on non-cash warrant liabilities (or similar non-cash items), in each case for the trailing six (6) month period, all determined in accordance with GAAP and calculated on a trailing six (6) month basis, plus the average monthly principal due and payable on interest-bearing liabilities in the immediately succeeding three (3) month period.
Sample 1
Monthly Cash Burn in Section 1.1 of the Agreement hereby is deleted in its entirety.
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Related to Monthly Cash Burn

  • Daily Cash Amount means, with respect to any VWAP Trading Day, the lesser of (A) the applicable Daily Maximum Cash Amount; and (B) the Daily Conversion Value for such VWAP Trading Day.

  • Adjusted Revenue means revenue less Digital Platform Fulfilment Revenue.

  • Declared Monthly Consumption means the Declared Monthly Consumption set out in the Acceptance Form for Electricity Supply.

  • 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.

  • 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).

  • Consolidated Cash Balance means, at any time, the aggregate amount of cash, cash equivalents, marketable securities, treasury bonds and bills, certificates of deposit, investments in money market funds and commercial paper, in each case, held or owned by (whether directly or indirectly), credited to the account of, or otherwise reflected as an asset on the balance sheet of, the Parent MLP and its Consolidated Subsidiaries.

  • Excess Cash Flow Payment Period means, with respect to any Excess Cash Flow Payment Date, the immediately preceding fiscal year of the Borrower.

  • Consolidated Cash Interest Expense means, for any period, the Consolidated Interest Expense excluding any non-cash interest expense of Holdings and its Restricted Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

  • Adjusted gross receipts means the gross receipts less winnings paid to wagerers.

  • Consolidated Cash Taxes means, for any period, for the Borrower and its Subsidiaries on a consolidated basis, the aggregate of all taxes, as determined in accordance with GAAP, to the extent the same are paid in cash during such period.

  • Consolidated Cash Interest Charges means, for any period, for the Borrower and its Restricted Subsidiaries on a consolidated basis, that portion of Consolidated Interest Charges that is either paid or required to be paid in cash during such period, but excluding prepayment or similar premiums paid in connection with any prepayment, repurchase or redemption of Consolidated Funded Indebtedness.

  • State average current expense appropriations per student means the most

  • Net Monthly Excess Cashflow With respect to each Distribution Date, the sum of (a) any Overcollateralization Release Amount for such Distribution Date and (b) the excess of (x) Available Funds for such Distribution Date over (y) the sum for such Distribution Date of (A) the Monthly Interest Distributable Amounts for the Class A Certificates and the Mezzanine Certificates, (B) the Unpaid Interest Shortfall Amounts for the Class A Certificates and (C) the Principal Remittance Amount.

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

  • Total Intrinsic Loss Estimate means the sum of the SF1-4 Intrinsic Loss Estimate in the Single Family Shared-Loss Agreement, and the Commercial Intrinsic Loss Estimate in the Commercial Shared-Loss Agreement, expressed in dollars.

  • Minimum Cash Balance means $10,000,000 minus (i) $500,000, (ii) any amounts to be paid to holders of Allowed Ongoing Trade Claims of New Permian Corp., and (iii) any amounts to be paid to holders of Allowed Cure Amounts pursuant to Section 8.4(ii).

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.

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

  • 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.

  • Performing Cash Pay Mezzanine Investments means Mezzanine Investments (a) as to which, at the time of determination, not less than 2/3rds of the interest (including accretions and “pay-in-kind” interest) for the current monthly, quarterly, semi-annual or annual period (as applicable) is payable in cash and (b) which are Performing.

  • Monthly Excess Cashflow For any Distribution Date, an amount equal to the sum of the Monthly Excess Interest and Overcollateralization Release Amount, if any, for such date.

  • 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.

  • SF1-4 Intrinsic Loss Estimate means total losses under this Single Family Shared-Loss Agreement in the amount of eighteen million dollars ($18,000,000.00).

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

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Excess Cash Flow Payment Date means the earlier of (a) the date occurring 90 days after the last day of each fiscal year of the Borrower (commencing with the fiscal year of the Borrower ending December 31, 2018) and (b) the third Business Day following the date on which financial statements with respect to such period are delivered pursuant to Section 5.01(c).