Cash Flow Requirements. Maintain Cash Flow at not less than the following level: 1.75 TO 1.00. Except as provided above, all computations made to determine compliance with the requirements contained in this paragraph shall be made in accordance with generally accepted accounting principles, applied on a consistent basis, and certified by Borrower as being true and correct.
Cash Flow Requirements shall collectively mean all Debt Service for a particular period and any other amounts payable to Lender hereunder or under the other Loan Documents for such period, or otherwise due and payable in respect of the ownership and operation of the Property during such period. Notwithstanding anything to the contrary contained herein, Borrower shall have no personal liability for losses suffered as a result of (1) the failure to timely pay Taxes, (2) the failure to obtain and maintain fully paid for Policies in accordance with Section 5.1 of this Agreement, (3) the failure to pay for labor or materials or other charges that actually create Liens on the Property or (4) the termination of the Franchise Agreement solely due to the Master Tenant’s failure to pay the franchise fees and other charges due under the Franchise Agreement so long as any such failure to pay arises during the continuance of a Cash Trap Period and Lender has not made funds available to Borrower or Master Tenant to pay the Taxes, Insurance Premiums, charges which result in Liens or franchise fees and other charges due under the Franchise Agreement, as the case may be. Notwithstanding anything to the contrary in this Agreement or any of the other Loan Documents, (A) Lender shall not be deemed to have waived any right which Lender may have under Section 506(a), 506(b), 1111(b) or any other provisions of the Bankruptcy Code to file a claim for the full amount of the Obligations or to require that all collateral shall continue to secure all of the Obligations owing to Lender in accordance with the Loan Documents and (B) the Obligations shall be fully recourse to Borrower in the event that any of the following occur:
Cash Flow Requirements. Maintain Cash Flow at not less than the following level: A RATIO OF 1.25 TO 1.00. THIS IS THE RATIO OF NET INCOME PLUS DEPRECIATION AND AMORTIZATION PLUS INTEREST EXPENSE, DIVIDED BY INTEREST PLUS DIVIDENDS. The following provisions shall apply for purposes of determining compliance with the foregoing financial covenants and ratios: DEBT WILL EXCLUDE NONRECOURSE DEBT AND SUBORDINATED DEBT. Except as provided above, all computations made to determine compliance with the requirements contained in this paragraph shall be made in accordance with generally accepted accounting principles, applied on a consistent basis, and certified by Borrower as being true and correct.
Examples of Cash Flow Requirements in a sentence
An Estimated Cash Flow Requirements Chart (figure 11-2) listing cash requirements for each separate Agreement, MCA Appendix, Military Youth Program CA or Special Military Project Agreement.
Conclusions, Recommendations and Lessons Learned 69Annex 1 – Terms of Reference 75Annex 2 – MACBP Key Milestones 81Annex 3 – Bilateral Donor Contributions to Eritrea (US$ m) 85Annex 4 – People Interviewed 87Annex 5 – Letter from UNMAS Management 89Maps 91 List of TablesTable 1 – UNMEE MACC Mine Action Assessed Budget (US$000) 31Table 2 – Summary of Donor Support to the Voluntary Trust Fund (US$) 31Table 3 – National Mine Action Strategic Plan Cash Flow Requirements, (US$ m) .
The grantee must submit an updated Estimated Cash Flow Requirements Chart with each monthly or periodic request for a cash advance payment.
Change in directors, supervisors and senior management during the Reporting PeriodOn 31 January 2018, as considered and approved at the 6th meeting of the 18th session of the Board, the Board decided to appoint Zhu Jiusheng as the Company’s president and chief executive officer.
Figure 11-1: Sample Request for Advance Payment Approval Figure 11-2: Sample Estimated Cash Flow Requirements Chart Glossary iii This page intentionally left blank.
More Definitions of Cash Flow Requirements
Cash Flow Requirements shall collectively mean all Debt Service for a particular period and any other amounts payable to Lender hereunder or under the other Loan Documents for such period, or otherwise due and payable in respect of the ownership and operation of the Property during such period. Notwithstanding anything to the contrary contained herein, Guarantor shall have no personal liability for losses suffered as a result of (1) the failure to timely pay Taxes, (2) the failure to obtain and maintain fully paid for Policies in accordance with Section 5.1 of the Loan Agreement, (3) the failure to pay for labor or materials or other charges that actually create Liens on the Property or (4) the termination of the Franchise Agreement solely due to the Master Tenant’s failure to pay the franchise fees and other charges due under the Franchise Agreement so long as any such failure to pay arises during the continuance of a Cash Trap Period and Lender has not made funds available to Borrower or Master Tenant to pay the Taxes, Insurance Premiums, charges which result in Liens or franchise fees and other charges due under the Franchise Agreement, as the case may be.
Cash Flow Requirements has the meaning assigned in Section 7.13.
Cash Flow Requirements has the meaning assigned in Section 7.13. “Cash Sweep Threshold” means (i) prior to MONTH 25], 7.00%, (ii) on or after but * 1, 20 [FIRST DAY OF MONTH 49], * 1, 20 [FIRST DAY OF MONTH 49], prior to 8.00%.
Cash Flow Requirements and definition of "cash flow" set forth on page 4 of the Loan Agreement is hereby amended and replaced as follows:
Cash Flow Requirements. Maintain a minimum Cash Flow Ratio of not less than 7:1 as of the end of each fiscal quarter of Borrower, measured on a rolling four (4) quarter basis. Cash Flow Ratio is defined as EBITDA (earnings before interest, taxes, depreciation and amortization) divided by interest expense and current maturities of long term debt."
Cash Flow Requirements. Maintain Cash Flow at not less than the following level: 1.25 to 1.00 defined as follows: (Earnings before Interest, Depreciation, Amortization - unfunded Capital Expenditures) divided by (Current Portion Long Term Debt plus interest plus Capital Expenditures plus Lease). This definition shall supersede any in consistent definitions in this agreement. Except as provided above, all computations made to determine compliance with the requirements contained in this paragraph shall be made in accordance with generally accepted accounting principles, applied on a consistent basis, and certified by Borrower as being true and correct.
Cash Flow Requirements. Maintain Cash Flow at not less than the following level: RATIO OF 1.50 TO 1.00 DEFINED AS: EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND AMORTIZATION DIVIDED BY INTEREST PLUS DIVIDENDS.