Definition of Portfolio Cash Flow

  1. Portfolio Cash Flow means the aggregate net income arising from all Facilities under this Lease and all Affiliate Facilities as reflected on the Facility Financial Statement of each Facility or Affiliate Facility plus [i] the amount of the provision for depreciation and amortization; plus [ii] the amount of the provision for management fees; plus [iii] the amount of the provision for income taxes; plus [iv] the amount of the provision for Base Rent payments and interest and equipment lease payments, if any, relating to the Facilities and Affiliate Facilities; plus [v], with respect to periods falling within the first Lease Year only, transition expenses incurred by Tenant with respect to any Facility or Affiliate Facility during the first Lease Year up to a maximum aggregate amount of $3,000,000 as more fully described in Exhibit M hereto; minus [vi] an imputed management fee equal to 5% of gross revenues of the Facilities and Affiliate Facilities (net of contractual allowances).

Examples of Portfolio Cash Flow in a sentence

  1. If Tenant fails to comply with this provision for any fiscal quarter, and provided that Tenant has maintained a Portfolio Coverage Ratio of at least 1.00 to 1.00 for the current fiscal quarter and the immediately preceding fiscal quarter, such failure shall not be an Event of Default hereunder if Tenant provides to Landlord a Letter of Credit in an amount equal to the difference between the Portfolio Cash Flow needed to achieve the required coverage and the actual Portfolio Cash Flow.

Definition of Portfolio Cash Flow in Lease Agreement

Portfolio Cash Flow means the aggregate net income arising from all Facilities under this Lease as reflected on the Facility Financial Statement of each Facility plus [i] the amount of the provision for depreciation and amortization; plus [ii] the amount of the provision for management fees; plus [iii] the amount of the provision for income taxes; plus [iv] the amount of the provision for Base Rent payments and interest and equipment lease payments, if any, relating to the Facilities; minus [v] an imputed management fee equal to 5% of gross revenues of the Facilities (net of contractual allowances); and minus [vi] an imputed replacement reserve of $250.00 per unit at the Facilities, per year.


Definition of Portfolio Cash Flow in Master Lease Agreement

Portfolio Cash Flow means the aggregate net income arising from all Facilities under this Lease and all Affiliate Facilities as reflected on the Facility Financial Statement of each Facility or Affiliate Facility plus [i] the amount of the provision for depreciation and amortization; plus [ii] the amount of the provision for management fees; plus [iii] the amount of the provision for income taxes; plus [iv] the amount of the provision for Base Rent payments and interest and equipment lease payments, if any, relating to the Facilities and Affiliate Facilities; plus [v], with respect to periods falling within the first Lease Year only, transition expenses incurred by Tenant with respect to any Facility or Affiliate Facility during the first Lease Year up to a maximum aggregate amount of $3,000,000 as more fully described in Exhibit M hereto; minus [vi] an imputed management fee equal to 5% of gross revenues of the Facilities and Affiliate Facilities (net of contractual allowances).