Total Recurring Cash Flow definition
Total Recurring Cash Flow means total revenues less total expenditures (as set forth on the Borrower's Audited Financial Statements calculated in accordance with GAAP), adjusted to (i) eliminate lease income/payments between the funds and any other transfers between funds, (ii) add back interest, depreciation, and amortization, (iii) eliminate any financing of capital assets included in the expenses and (iv) eliminate any one-time non-recurring expenses.