QL CASH FLOW definition
QL CASH FLOW means, for any period, (a) the sum of the revenues from rental payments due under all of the Qualified Lease Agreements of the Customer for such period plus the decrease, if any, in Non-Cash Working Capital for such period less (b) the sum of (i) the operating expenses of the Customer; plus (ii) the income taxes paid in cash by the Customer; plus (iii) the increase in Non-Cash Working Capital, where the items described in clause (b) above have been allocated by the Customer among its various operations and sources of revenues in a manner acceptable to AEF (provided that, if such manner is not acceptable to AEF, and AEF and the Customer do not otherwise agree to an allocation, the full amount of such items shall be subtracted pursuant to said clause (b)).
QL CASH FLOW means, for any period, (a) the sum of the revenues from rental payments due under all of the Qualified Lease Agreements of the Customer for such period plus the decrease, if any, in Non-Cash Working Capital for such period less (b) the sum of (i) the operating expenses of the Customer; plus (ii) the income taxes paid in cash by the Customer; plus (iii) the increase in Non-Cash Working Capital, where the items described in clause (b) above have been allocated by the Customer among its various operations and sources of revenues in a manner acceptable to AEF