TLCF definition

TLCF means, with respect to any Theatre, for any period:

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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.

TLCF means any available tax loss carry forward of the Seller and the Subsidiaries;

Examples of TLCF in a sentence

• In order to be effective, Tenant’s notice to Landlord under this subparagraph (b) shall include a written certification to Landlord from Tenant’s chief financial officer or controller confirming that the TLCF for the First Test Period is less than zero.

• In order to be effective, Tenant’s notice to Landlord under this Section shall include a written certification to Landlord from Tenant’s chief financial officer or controller confirming that the TLCF for the Test Period is less than zero.

• In order to be effective, Tenant’s notice to Landlord under this Section shall include a written certification to Landlord from Tenant’s chief financial officer or controller confirming that the TLCF for the Test Period is less than ***.

• In order to be effective, Tenant’s notice to Landlord under this subparagraph (c) shall include a written certification to Landlord from Tenant’s chief financial officer or controller that the TLCF for the Second Test Period is less than zero.

• In order to be effective, Tenant’s notice to Landlord under this subparagraph (c) shall include a written certification to Landlord from Tenant’s chief financial officer or controller that the TLCF for the Second Test Period is less than ***.

• In order to be effective, Tenant’s notice to Landlord under this subparagraph (b) shall include a written certification to Landlord from Tenant’s chief financial officer or controller confirming that the TLCF for the First Test Period is less than ***.

• Further, in order to be effective, Tenant’s notice to Landlord under this Section 18 shall include a written “certification to Landlord from Tenant’s chief financial officer or controller confirming that the TLCF for the Test Period calculated in accordance with Tenant’s normal accounting practices is less than zero.

• Further, in order to be effective, Tenant’s notice to Landlord under this Section 18 shall include a written certification to Landlord from Tenant’s chief financial officer or controller confirming that the TLCF for the Test Period is less than ***.

• Further, in order to be effective, Tenant’s notice to Landlord under this Section 18 shall include a written certification to Landlord from Tenant’s chief financial officer or controller confirming that the TLCF for the Test Period is less than zero.

• The unaudited statements of operations and cash flows and the TLCF statements for the years ended December 31, 1993, 1994 and 1995 which are attached hereto as Schedule 4.6, fairly present in all material respects, the results of operations and cash flows and the TLCF's of the Theaters for such twelve-month periods and contain no material inaccuracies.

More Definitions of TLCF

TLCF means, with respect to the Company Theaters for any Fiscal Year or other period of determination, the total revenues of the Company Theaters covered by the Approved Budget less the costs of operations of such Company Theaters for such Fiscal Year or other period, as determined in accordance with GAAP, but excluding depreciation and amortization, general and administrative expenses, management fees payable to Digiplex under any Management Agreements, interest and taxes.

TLCF. = A – B, in each case, for the most recently ended twelve full consecutive months of operation for which information is available as of the date of the related Mortgage “UTLCF” = First Run UTLCF = TLCF – (A x 0.04) Discount UTLCF = TLCF – (A x 0.02) “A”= Net ticket sales + net concession revenue + other revenue

TLCF means any available tax loss carry forward. dated May 2018 THIS DEED OF ADHERENCE (this "Deed") is made on 2018 GHG B.V., a private limited company (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of the Netherlands, with its corporate seat (statutaire zetel) in , the Netherlands and its office address at , the Netherlands, registered with the Commercial Register of the Netherlands Chamber of Commerce under number (“NewCo”)

TLCF means any available tax loss carry forward.

TLCF means, with respect to any specified period, the theater level cash flow of a particular Theater or Theaters, as determined by reference to the theater level cash flow statements of Sellers for such Theater or Theaters, prepared consistently in all material respects with Sellers' historical theater level cash flow statements, as heretofore provided by Sellers to Buyer, calculated as described in Section 4.6 and as shown on Schedule 4.6 hereto. The parties acknowledge that TLCF does not include interest, amortization, depreciation or allocations of general and administrative expenses or income taxes.