Examples of Pro Forma Operating Cash Flow in a sentence
The Borrower will not permit the ratio of Pro Forma Operating Cash Flow to Interest Expense for any period of four consecutive fiscal quarters ending after the Effective Date to be less than 2.5 to 1.0.
These flaws represent a significantly more severe notch condition than does the backing itself.
The profit of the year already reflects in the amount of 204.853euros for the short term variable remuneration of executive directors and personal, in the form of distribution of profits for the year, pursuant to article 31, nr.2 of the Articles of Association and on proposal of the Remuneration Committee, which is responsible for implementing the remuneration policy approved at the Shareholders’ General Meeting of 28 April 2017.
The revolving credit agreement contains certain covenants, including a requirement to maintain, as of the end of each quarter and measured over the preceding four quarters, (1) a Funded Debt to Pro Forma Operating Cash Flow ratio not exceeding 5.5 to 1.0, (2) a Funded Debt (excluding subordinated debt) to Pro Forma Operating Cash Flow ratio not exceeding 5.0 to 1.0, and (3) an Interest Coverage ratio of not less than 2.5 to 1.0, all as such terms are defined in the agreement.
The Borrower will not permit the ratio of Funded Debt of the Borrower and the Subsidiaries, determined on a consolidated basis, to Pro Forma Operating Cash Flow as of the end of and for any period of four consecutive fiscal quarters to be greater than 5.00 to 1.00.