Theater Level Cash Flow definition

Theater Level Cash Flow means cash or other proceeds of sales of movie tickets, food, beverage concessions, and any other revenues at the Debtors’ Theaters (including marketing at the level of the individual theaters), net of sales taxes and less operational costs at the Debtors’ Theaters, without the allocation of any corporate expenses or marketing expenses at the corporate level. For the avoidance of doubt, this should generally align with the EBITDA generated by the Debtors’ Theaters before deducting general and administrative costs, or allocating corporate overhead, marketing, or corporate incurred or negotiated expenses. If any refunds/rebates of costs incurred in Theater Level Cash Flow are received at the corporate level, those should be allocated to the theaters based on a reasonable metric and included as a reduction in costs in the same year as the original costs were incurred for this purpose.
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Theater Level Cash Flow means, with respect to any movie theater for any period, (i) the gross revenues from the operation of such theater for such period, less (ii) the film costs and cost of concessions for such theater for such period, less (iii) the operating expenses (including, without limitation, payroll, payroll benefits, repairs and maintenance, supplies, utilities, advertising, insurance, security services, taxes and licenses) of such theater for such period, and less (iv) the occupancy expenses (including, without limitation, the base or minimum rent, percentage rent, additional rent and real estate taxes) of such theater for such period, in each case calculated in accordance with GAAP, applied on a consistent basis (with the exception that rents will not be calculated on a straight line basis as would otherwise be required under FASB 13). For the avoidance of doubt, “operating expenses” shall exclude any general or administrative expenses not incurred at the theater level, and any depreciation, amortization, interest or income tax costs.
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Theater Level Cash Flow means an amount equal to (i) the actual total revenues generated by the theaters owned, leased or operated by the Corporation less (ii) the actual total operating expenses related to the theaters owned, leased or operated by the Corporation.
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Examples of Theater Level Cash Flow in a sentence

  • The Borrower hereby acknowledges and agrees that, except to the limited extent set forth in this Section 22, the Banks have not waived any of the provisions of Sections 8.1 or 8.5 of the Loan Agreement or have otherwise modified the defined terms Net Income, Cash Flow Available for Fixed Charges, Cash Flow from Operations, EBITDA and Theater Level Cash Flow and/or the provisions of Sections 8.10, 8.11 or 8.12 of the Loan Agreement.

  • Attached hereto as Schedule 4.4 are (i) a true and complete summary of the material terms of the Lease for the Manville Theater, and (ii) Theater Level Cash Flow Reports for the Manville Theater for RDI’s fiscal year ended December 31, 2006 and for the eight-month period ended August 31, 2007 (collectively, the “Manville P&Ls”).

  • Attached hereto as Schedule 4.1.4 are (i) a true and complete summary of the material terms of the Lease for the Manville Theater, and (ii) Theater Level Cash Flow Reports for the Manville Theater for RDI’s fiscal year ended December 31, 2006 and for the eight-month period ended August 31, 2007 (collectively, the “Manville P&Ls”).

  • The "Theater Level Cash Flow" on Schedule 4.6 does not include interest, depreciation, amortization or allocations of general and administrative expenses or income taxes.

  • Attached hereto as Schedule 3.1.12 are the Theater Level Cash Flow Reports for the Theaters for Seller’s fiscal year ended June 28, 2007 and for the two (2) month period ended August 30, 2007 (collectively, the “Theater P&Ls”).

  • Calculation of the attainment of Targeted Theater Level Cash Flow and the determination and payment of any and all Bonuses shall be made and furnished to the Participant no later than ninety (90) days after the end of each Bonus Period.

  • In this presentation, we also use an industry accepted financial measure called Theater Level Cash Flow, which is theater level revenues less direct theater level expenses .

  • In addition, Targeted Theater Level Cash Flow for 1998 has been separately agreed on in writing by the parties concurrently with the execution of this Agreement.

  • Notwithstanding the foregoing, in the event that the Theater Level Cash Flow (as such term is defined in the Bonus Plan) equals or exceeds Targeted Theater Level Cash Flow (as such term is defined in the Bonus Plan), Executive shall receive a minimum bonus equal to at least $37,500 for each year in question (pro rated for any portion of a year in question) (the "Minimum Bonus").


More Definitions of Theater Level Cash Flow

Theater Level Cash Flow means earnings before interest, taxes, depreciation and amortization minus costs related to the replacement of capital equipment and personal property related to the theatre in the ordinary cause of business.
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Theater Level Cash Flow means cash proceeds of sales of movie tickets and food and
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Theater Level Cash Flow or "TLCF" means, with respect to any Mortgaged Property, for any period, (a) the revenues of the Parent and its Subsidiaries generated for such period by the Theater constituting such Mortgaged Property less (b) the cost of operations (including film rentals, concession supplies, salaries and wages, facility leases, advertising and utilities but excluding depreciation and amortization and general and administrative expense) of the Parent and its Subsidiaries allocable to such Theater for such period, less (c) if such Mortgaged Property is a Leasehold Property and the Lease in respect thereof is a Capitalized Lease, all interest and principal amounts on the Capitalized Lease Obligations in respect of such Capitalized Lease of the Parent and its Subsidiaries for such period, all determined on a consolidated basis (i) with any volume discounts or similar pricing matters associated with film rental, advertising or other expenses incurred as a cost of operating such Theater and one or more other Theaters being allocated equitably on a pro rata basis among all such Theaters and (ii) otherwise in conformity with GAAP; provided, however, that if (x) such Theater was first constructed during such period or was first acquired by any Borrower during such period and (y) such Theater has been in operation by any Borrower during at least three full consecutive calendar months ending on such determination date, "TLCF" with respect to such Mortgaged Property determined as aforesaid for such period shall be adjusted, in a manner satisfactory to the Agent in its reasonable credit judgment, by annualizing the TLCF with respect to such Mortgaged Property as if such Theater had been in operation for the entire period.
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Theater Level Cash Flow means cash proceeds of sales of movie tickets and food and beverage concessions at the Debtors’ Theaters which, for the avoidance of doubt, is the EBITDA generated by the Debtors’ Theaters before deducting and general or administrative costs associated therewith.
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Theater Level Cash Flow means cash or other proceeds of sales of movie tickets
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Related to Theater Level Cash Flow

  • Operating Cash Flow means the Company’s or a business unit’s sum of Net Income plus depreciation and amortization less capital expenditures plus changes in working capital comprised of accounts receivable, inventories, other current assets, trade accounts payable, accrued expenses, product warranty, advance payments from customers and long-term accrued expenses, determined in accordance with generally acceptable accounting principles.

  • Free Cash Flow means, for any Person for any period, EBITDA plus cash interest income of such Person for such period, less income taxes, Capital Expenditures and Investments (to the extent made in compliance with this Agreement), Scheduled Debt Service (if any) and variations in working capital made in the ordinary course of business, with respect to such period.

  • Consolidated Cash Flow means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication:

  • Cash Flow Leverage Ratio means, as of any time the same is to be determined, the ratio of (a) Funded Debt as of the last day of the most recent four fiscal quarters of the Company then ended minus Excess Cash as of the last day of the same such period to (b) EBITDA for the same most recent four fiscal quarters then ended.

  • Net Operating Income With respect to any Mortgaged Property, for any Mortgagor’s fiscal year end, Net Operating Income will be calculated in accordance with the standard definition of “Net Operating Income” approved from time to time endorsed and put forth by CREFC®.

  • Operating Income means the Company’s or a business unit’s income from operations but excluding any unusual items, determined in accordance with generally accepted accounting principles.

  • Adjusted EBITDA Margin means Adjusted EBITDA divided by operating revenue;

  • Adjusted EBITDA means, for the twelve (12) month period preceding the calculation date, for any Person, the sum of (a) Net Income, plus (b) to the extent deducted in determining Net Income, the sum, without duplication, of such Person’s (i) Interest Expense, (ii) income tax expense, including, without limitation, taxes paid or accrued based on income, profits or capital, including state, franchise and similar taxes and foreign withholding taxes, (iii) depreciation and amortization (including, without limitation, amortization of goodwill and other intangible assets), (iv) extraordinary losses and non-recurring non-cash charges and expenses, (v) all other non-cash charges, expenses and interest (including, without limitation, any non-cash losses in respect of Hedge Agreements, non-cash impairment charges, non-cash valuation charges for stock option grants or vesting of restricted stock awards or any other non-cash compensation charges, and losses from the early extinguishment of Indebtedness), (vi) non-recurring integration costs and expenses resulting from operational changes and improvements (including, without limitation, severance costs and business optimization expenses) and (vii) non-recurring charges and expenses, restructuring charges, transaction expenses (including, without limitation, transaction expenses incurred in connection with any merger or acquisition) and underwriters’ fees, and severance and retention payments in connection with any merger or acquisition, in each case for such period, less extraordinary gains and cash payments (not otherwise deducted in determining Net Income) made during such period with respect to non-cash charges that were added back in a prior period; provided, however, (A) with respect to any Person that became a Subsidiary of the Borrower, or was merged with or consolidated into the Borrower or any of its Subsidiaries, during such period, or any acquisition by the Borrower or any of its Subsidiaries of the assets of any Person during such period, “Adjusted EBITDA” shall, at the option of the Borrower in respect of any or all of the foregoing, also include the Adjusted EBITDA of such Person or attributable to such assets, as applicable, during such period as if such acquisition, merger or consolidation, including any concurrent transaction entered into by such Person or with respect to such assets as part of such acquisition, merger or consolidation, had occurred on the first day of such period and (B) with respect to any Person that has ceased to be a Subsidiary of the Borrower during such period, or any material assets of the Borrower or any of its Subsidiaries sold or otherwise disposed of by the Borrower or any of its Subsidiaries during such period, “Adjusted EBITDA” shall exclude the Adjusted EBITDA of such Person or attributable to such assets, as applicable, during such period as if such sale or disposition of such Subsidiary or such assets had occurred on the first day of such period.

  • Annualized EBITDA means, for the four consecutive quarters ending on each Reporting Date, the Operating Partnership’s Pro Rata Share (as defined below) of earnings before interest, taxes, depreciation and amortization (“EBITDA”), with other adjustments as are necessary to exclude the effect of all realized or unrealized gains and losses related to hedging obligations, items classified as extraordinary items and impairment charges in accordance with generally accepted accounting principles, adjusted to reflect the assumption that (i) any EBITDA related to any assets acquired or placed in service since the first day of such four-quarter period had been earned, on an annualized basis, from the beginning of such period, and (ii) any assets disposed of during such four-quarter period had been disposed of as of the first day of such period and no EBITDA related to such assets had been earned during such period.

  • LTM EBITDA means Consolidated EBITDA of the Company measured for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which internal consolidated financial statements of the Company are available, in each case with such pro forma adjustments giving effect to such Indebtedness, acquisition or Investment, as applicable, since the start of such four quarter period and as are consistent with the pro forma adjustments set forth in the definition of “Fixed Charge Coverage Ratio.”

  • Consolidated Capital Expenditures means, for any period, the aggregate of all expenditures of Company and its Subsidiaries during such period determined on a consolidated basis that, in accordance with GAAP, are or should be included in “purchase of property and equipment” or similar items reflected in the consolidated statement of cash flows of Company and its Subsidiaries.

  • EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period

  • Consolidated Cash Flow Available for Fixed Charges means, with respect to any Person for any period: