Retained Excess Cashflow means Excess Cashflow which is not required to be applied in making any prepayment under the Finance Documents.
Retained Excess Cashflow has the meaning given to that term in Clause 22.1 (Financial definitions).
Retained Excess Cashflow means Excess Cashflow which is not required for any other purpose pursuant to the Finance Documents and has not been paid as (or allocated to be paid as) a Permitted Distribution or a Permitted Payment or loaned as a Permitted Loan (other than (for the purpose of paragraph (i)(B) of the definition of Cashflow only), in each case, to another member of the Group).
Examples of Retained Excess Cashflow in a sentence
The aggregate Capital Expenditure of the Group (other than Capital Expenditure funded by the retention of the proceeds of Recovery Claims, Disposals, insurance claims or Retained Excess Cashflow (excluding any Permitted Carry Forward Amount) in respect of any Financial Year shall not exceed 110 per cent.
Any reference in the Finance Documents to any amount, including, without limitation, Excluded Disposal Proceeds, Excluded Insurance Proceeds, Excess Listing Proceeds, Retained Excess Cashflow and Waived Amounts, being available to be used for a particular purpose, shall be construed to include the aggregate of all such amounts generated since the Signing Date to the extent not already used for another purpose.
More Definitions of Retained Excess Cashflow
Retained Excess Cashflow means accumulated unspent Excess Cashflow from previous years identified in the Compliance Certificate delivered with the annual audited accounts of the Group, in each case to the extent Not Otherwise Applied.
Retained Excess Cashflow we confirm that the amount of Retained Excess Cashflow generated in and relating to the financial year of the Group ending on [ ] was [ ] (the “Applicable Financial Year”).
Retained Excess Cashflow means, at any time, Cash that the Group has retain after the application of the mandatory prepayment of Excess Cashflow in accordance with Clause 8.2(a) (Excess Cashflow sweep) and which has not been spent or used by a Group Member.
Retained Excess Cashflow means any amount of Excess Cashflow which is not required to be applied in prepayment of the Senior Indebtedness in accordance with the terms of the Senior Credit Agreement.
Retained Excess Cashflow has the meaning given to such term in Clause 26.1 (Financial definitions).
Retained Excess Cashflow means Excess Cashflow which is not required to be applied in making any prepayment under this Agreement.
Retained Excess Cashflow has the meaning give to that in Clause 23.1 (Financial definitions). Retained Net Proceeds means the aggregate of: