Common use of Net Cash Flow Clause in Contracts

Net Cash Flow. For purposes of this Agreement, the term "Net Cash Flow" for any period shall mean the excess, if any, of (a) the gross receipts of the Company, over (b) the sum of all cash operating expenses paid by the Company for such period, including, but not by way of limitation, salaries, taxes, interest, insurance premiums, royalties, rentals, utilities and fees.

Net Cash Flow. For purposes of this Agreement, the term "“Net Cash Flow" ” for any period shall mean the excess, if any, of (a) the gross receipts of the Company, over (b) the sum of all cash operating expenses paid by the Company for such period, including, but not by way of limitation, salaries, taxes, interest, insurance premiums, royalties, rentals, utilities and fees.

Net Cash Flow. For purposes of this Agreement, the term "Net Cash Flow" for any period shall mean the excessamount, if any, of by which all funds actually received by the Company during the calendar year exceed the sum of: (a) the gross receipts amount of all funds actually expended by the Company, over Company during such year; plus (b) the sum amount needed to meet the working capital requirements of all cash operating expenses paid by the Company for such periodthe next six months; plus (c) the amount needed to make all additions to capital expenditure and/or other reserves, including, but not by way of without limitation, salariesreserves required under agreements with lenders, taxes, interest, insurance premiums, royalties, rentals, utilities and feesestablished for the Company.