Residual Cash Flow. RESIDUAL CASH FLOW" means the cash actually released from the "spread accounts" established in connection with the securitization transactions listed on Annex 1 to this Exhibit A on or after September 30, 1999 and the cash flow (net of losses, servicing expenses and funding costs pursuant to the terms of the related securitization transactions) from any receivables which were securitized as of September 30, 1999 in connection with such securitization transactions but are no longer securitized for any reason; PROVIDED, that Residual Cash Flow shall be INCREASED on each Distribution Date after the Effective Time by the amount of Litigation Reserve Interest, if any, for the period ending on the day prior to such Distribution Date and beginning on the immediately preceding Distribution Date; and, PROVIDED, FURTHER, that Residual Cash Flow shall be decreased on each Distribution Date after September 30, 1999 by all cash actually released from the "spread accounts" established in connection with the securitization transactions listed on Annex 1 to this Exhibit A during the period ending on the day prior to such Distribution Date and beginning on the immediately preceding Distribution Date which cash is contractually required to be applied other than as provided above under "Application of Residual Cash Flow". In calculating Residual Cash Flow, GAP insurance will be included and repossession expenses (other than repossession expenses paid to an auction house) will be excluded. "LITIGATION RESERVE INTEREST", for any period, means interest accrued during such period on the excess, if any, of (i) the aggregate amount of Residual Cash Flow allocated to reduce Litigation Expenses over (ii) the aggregate amount of Damages (such excess being calculated as of the day after the allocation date during such period) at 30-day LIBOR as of the end of the first day of such period.
Residual Cash Flow means, as of any Repayment Date, the Discretionary Cash Flow as calculated for such Repayment Date less the sum of all amounts to be deposited on such Repayment Date in the Roanoke Account (for the sole account of the Debt Protection Ledger) and all payments made as of such Repayment Date pursuant to Section 6.1(c) (viii) hereof since the Repayment Date immediately preceding such Repayment Date; 13
Residual Cash Flow upon the sale of the property equals the gross sales price less (i) outstanding indebtedness, (ii) reserves and (iii) repayment of capital and accrued equity of WOP, BRT Xxxxxx and TNC (estimated to equal $1,338,468 as of July 1, 1996). 6. Safeguard Scientifics, Inc. ("SSI") is a Pennsylvania corporation. 7. Brandywine TB I, L.L.C. is a Pennsylvania limited liability company in which BOP is the sole member. 8. Brandywine XX XX, L.L.C. is a Pennsylvania limited liability company in which BOP is the sole member. 9. Brandywine TB III, L.L.C. is a Pennsylvania limited liability company in which BOP is the sole member. ======================================================================================================= CORPORATE SUBSIDIARIES SHAREHOLDERS ------------------------------------------------------------------------------------------------------- Brandywine Holdings, I, Inc., a Pennsylvania corporation BRT -- 100% ------------------------------------------------------------------------------------------------------- Brandywine Holdings II, Inc., a Pennsylvania corporation BRT -- 100%(1) ------------------------------------------------------------------------------------------------------- Brandywine Holdings III, Inc., a Pennsylvania corporation BRT -- 100%(2) ------------------------------------------------------------------------------------------------------- Brandywine Realty Services Corporation, a Pennsylvania corporation BOP -- 9,473 Preferred Shares 27 Common Shares BRSP(3) -- 500 Common Shares =======================================================================================================
Examples of Residual Cash Flow in a sentence
If drawn upon, the Operating Reserve Account must be replenished to its required minimum balance prior to distributions of Residual Cash Flow.
Time is limited, and few movements will even be heard in their entirety; however, if you find yourself wishing you could hear more, I have accomplished my goal.
Finally, Karen discussed the Residual Cash Flow sheet, the various contributions from the City of Cincinnati and Hamilton County, and their respective obligations.
To obtain approval to make a Residual Cash Flow distribution, Owner shall submit to the City a request at least thirty (30) business days prior to any anticipated distribution together with a current financial statement for the Project that will enable the City to assess criteria above.
C-1APPENDIX D - Procedures for Calibration of Survey Instruments Usedto Measure Photon-Emitting Radionuclides.........................................................
More Definitions of Residual Cash Flow
Residual Cash Flow means Revenues reduced by the following:
Residual Cash Flow means Revenue less Operating Expenses, calculated on a calendar year basis.
Residual Cash Flow upon the sale of the property equals the gross sales price less (i) outstanding indebtedness, (ii) reserves and (iii) repayment of capital and accrued equity of WOP, BRT Xxxxxx and TNC (estimated to equal $1,338,468 as of July 1, 1996). 6. Safeguard Scientifics, Inc. ("SSI") is a Pennsylvania corporation. 7. Brandywine TB I, L.L.C. is a Pennsylvania limited liability company in which BOP is the sole member. 8. Brandywine XX XX, L.L.C. is a Pennsylvania limited liability company in which BOP is the sole member. 9. Brandywine TB III, L.L.C. is a Pennsylvania limited liability company in which BOP is the sole member.
Residual Cash Flow means Revenues reduced by Operating Expenses, calculated on a calendar year basis. To the extent Senior Lenders use a different definition or calculation of Residual Cash Flow, such definition shall be used instead of the definition set forth in this Section.
Residual Cash Flow upon the sale of the property equals the gross sales price less (i) outstanding indebtedness, (ii) reserves and (iii) repayment of capital and accrued equity of WOP, BRT Xxxxxx and TNC (estimated to equal $1,338,468 as of July 1, 1996). 6. Safeguard Scientifics, Inc. ("SSI") is a Pennsylvania corporation. 7. Brandywine TB I, L.L.C. is a Pennsylvania limited liability company in which BOP is the sole member. 8. Brandywine XX XX, L.L.C. is a Pennsylvania limited liability company in which BOP is the sole member. 9. Brandywine TB III, L.L.C. is a Pennsylvania limited liability company in which BOP is the sole member. CORPORATE SUBSIDIARIES SHAREHOLDERS --------------------------------------- --------------------------------------------- Brandywine Holdings, I, Inc., BRT -- 100% a Pennsylvania corporation Brandywine Holdings II, Inc., BRT -- 100% a Pennsylvania corporation (1) Brandywine Holdings III, Inc., BRT -- 100% a Pennsylvania corporation (2) Brandywine Realty Services Corporation, BOP -- 9,473 Preferred Shares a Pennsylvania corporation 27 Common Shares BRSP(3) -- 500 Common Shares
Residual Cash Flow has the meaning set forth in Section 6.1(c) (ix) of the Credit Agreement.
Residual Cash Flow upon the sale of the property equals the gross sales price less