Net Excess Cash Flow definition

Net Excess Cash Flow shall have the meaning set forth in Section 3.1.6(a).

Net Excess Cash Flow shall have the meaning set forth in Section 3.1.5(a).

Net Excess Cash Flow means, for any period, the sum, without duplication, of:

Examples of Net Excess Cash Flow in a sentence

• Mezzanine Borrower hereby authorizes the filing of a form UCC-1 financing statement naming Mezzanine Borrower as debtor and Mezzanine Lender as secured party in any office (including the office of the Secretary of State of the State of Delaware) covering all property of Mezzanine Borrower (including, but not limited to, the Account Collateral (Mezzanine) and the Rate Cap Collateral (Mezzanine), but excluding Net Excess Cash Flow).

• Then, the Net Excess Cash Flow shall be utilized and allocated as follows: 50.00% shall be paid to Cadence in reduction of Note A and 50.00% shall be paid in reduction of the balance of the DQ Note.

• Progress in the access to medical care in poor countries and obviating famine in most parts of the world where simultaneously a high birth rate is maintained had to lead to a fundamental change in the demographic structure in developing countries.

• As used herein, the term Net Excess Cash Flow means the amount available in the Senior Mezzanine Account after the transfers to the Mezzanine Debt Service Reserve Account required under this Section 3.1.6 have been made and the term Net Excess Cash Flow Commencement Date shall mean the date such amounts have been fully funded or reserved within the Senior Mezzanine Account in any given calendar month.

• Then, the Net Excess Cash Flow shall be utilized and allocated as follows: 50.00% shall be paid to Cadence in reduction of Note A and 50.00% shall be paid in reduction of the balance of the DQ Note; provided, however, that the Debtor shall not be permitted to make any draws under the New Revolver for a period of sixty (60) days after the Debtor makes any payment towards the DQ Note.

More Definitions of Net Excess Cash Flow

Net Excess Cash Flow means the amount available in the Mezzanine Account after the transfers to the Mezzanine Debt Service Reserve Account required under this Section 3.1.6 have been made and the term “Net Excess Cash Flow Commencement Date” shall mean the date such amounts have been fully funded or reserved within the Mezzanine Account in any given calendar month.

Net Excess Cash Flow means, for any period, the sum, without duplication, of

Net Excess Cash Flow means, for any period, the amount equal to 50% of Excess Cash Flow for such period minus the amount of any reductions (whether voluntary or mandatory) of the Aggregate Acquisition Loan Commitment which do not require the repayment of Acquisition Loans;

Net Excess Cash Flow. As defined in Section 7(a), below.

Net Excess Cash Flow means, for any Fiscal Year, the amount of Gross Excess Cash Flow for such Fiscal Year (or, in the case of the Fiscal Year ending December 31, 2005, the portion thereof accumulating since July 1, 2005) minus (to the extent not otherwise deducted in calculating the amount of such Gross Excess Cash Flow) (a) the sum of (i) the amount of Permitted Restricted Payments made during such Fiscal Year or portion thereof (net of the aggregate amount of any such Permitted Debt Restricted Payments deducted from the Net Excess Cash Flow for the immediately preceding Fiscal Year) plus (ii) the amount of Permitted Debt Restricted Payments made in the first fiscal quarter of the immediately succeeding Fiscal Year, (b) dividends paid on, or repurchase of shares of, Equity Interests of the Parent during such period and (c) payments of long-term Debt for Borrowed Money during the period (other than the payment of revolving debt during the period to the extent not accompanied by a permanent reduction of the revolving credit commitment related to such debt) that are not prohibited by this Agreement.

Net Excess Cash Flow means, as to any month, the amount by which Gross Income in such month exceeds Expenses in such month.

Net Excess Cash Flow means, with respect to each particular Region in which Continucare provides Program Services an amount equal to the difference between aggregate net revenues received in respect of Program Services within such Region during any fiscal month MINUS the aggregate amount of costs and expenses incurred in connection with operating Program Facilities in such Region and providing Program Services in such Region during such fiscal month; all calculated on a cash basis.