Cash Requirements has the meaning set forth in Section 4.5(b)(i).
Cash Requirements means, for any period, the sum of (a) Interest Charges ----------------- (excluding imputed interest, accrued original issue discount and interest payable in kind) for such period, (b) payments (excluding optional prepayments) due and payable in respect of Lease Obligations (other than such Obligations under Capitalized Leases) for such period, and (c) scheduled payments of principal on long-term Indebtedness (including current maturities of long-term Indebtedness) due and payable pursuant to any document relating to the borrowing of money or the obtaining of credit (including any such principal payments in respect of Lease Obligations under Capitalized Leases) for such period, all as determined in accordance with GAAP.
Cash Requirements means, for any period, the sum of (a) Net Capex for such period; (b) cash interest paid by the Parent and its Subsidiaries during such period, net of cash interest income received by the Parent and its Subsidiaries during such period, but excluding from this clause (b) in any event (x) amortization of one-time placement, syndications, work and similar fees in connection with this Agreement or in connection with other Debt For Borrowed Money or any other financing issued by the Parent or any of its Subsidiaries (including the Senior Notes), (y) fees paid with respect to letters of credit under SECTION 3.6 or under the loan facility related to the Existing Bank Debt (in each instance under this clause (y), such fees are to be deducted in determining the amount in clause (a) of the definition of EBITDA for such period), and (z) monitoring expenses or unused line fees payable under this Agreement or under the loan facility related to the Existing Bank Debt (in each instance under this clause (z), such fees or expenses are to be deducted in determining the amount in clause (a) of the definition of EBITDA for such period); (c) cash taxes paid by the Parent and its Subsidiaries during such period, less cash tax refunds received by the Parent and its Subsidiaries during such period, but excluding from cash taxes paid any assessment paid by the Parent or any of its Subsidiaries as a result of Federal or state income tax audits with respect to the Parent or any of its Subsidiaries; and (d) the Debt Reduction Amount for such period.
Examples of Cash Requirements in a sentence
Cash requirements of the derivatives may arise from margin requirements to post cash collateral with counterparties as the fair value moves beyond the agreed upon threshold limits in the counterparties’ favour, or upon downgrade in the Bank’s credit ratings.
Cash requirements shall be specified by the Operator in the currencies required for the Petroleum Operations and the Non-operators shall advance their shares in the currencies so specified.
Cash requirements peak in the fall and winter months when accounts receivable, accrued utility revenues and storage gas inventories are at their highest levels.
Cash requirements for the redemption were minimal, relating only to payment for fractional shares.
More Definitions of Cash Requirements
Cash Requirements whenever used herein shall mean the estimated amount in cash which the Directors shall from time to time in its judgment determine to be necessary or proper for (1) the operation, maintenance, care, alteration and improvement of the corporate property during the year or portion of the year for which such determination is made;
Cash Requirements whenever used herein shall mean the estimated amount in cash which the Directors shall from time to time in its judgment determine to be necessary or proper for (1) the operation, maintenance, care, alteration and improvement of the corporate property during the year or portion of the year for which such determination is made; (2) the creation of such reserve for contingencies, repairs, replacements and general operations as it may deem proper; and (3) the payment of any obligations, liabilities or expenses incurred or to be incurred, after giving consideration to (i) income expected to be received during such period (other than rent from proprietary Lessees), and (ii) cash on hand which the Directors in its discretion may choose to apply. The Directors may from time to time modify its prior determination and increase or diminish the amount previously determined as Cash Requirements of the corporation for a year or portion thereof. No determination of Cash Requirements shall have any retroactive effect on the amount of the rent payable by the Lessee for any period prior to the date of such determination. All determinations of cash requirements shall be conclusive as to all Lessees.
Cash Requirements means, as of the date of determination, cash required by the Company for (a) payment of Approved Project Costs then due or to become due in the ordinary course in the following thirty (30) Days, or reimbursement of Approved Project Costs previously incurred and not then paid, (b) other costs and expenses of constructing, financing, owning and operating the Wind Farms then due or to become due in the ordinary course in the following thirty (30) Days, in accordance with the applicable Approved Budget, or as otherwise approved by the Management Committee, and (c) additional Capital Contributions required in the applicable Approved Budget in connection with the conversion of any construction financing to permanent financing to repay or prepay any amount of the financing theretofore advanced for funding of costs of construction of the Wind Farms and other Approved Project Costs. Certificates – has the meaning set forth in Section 2.08.
Cash Requirements means, for the applicable period, (i) the regularly scheduled payments of principal by Borrower upon long-term debt (including the Loans); plus (ii) any prepayments of principal by Borrower upon long-term debt (excluding the Loans); plus (c) any dividends or other distributions paid by Borrower to its shareholders; all as reasonably determined by Bank on a consolidated basis in accordance with GAAP.
Cash Requirements whenever used herein shall mean the estimated amount in cash which the Directors shall from time to time in their judgment determine to be necessary or proper for (1) the operation, maintenance, care, alteration and improvement of the corporate property during the year or portion of the year for which such determination is made; (2) the creation of such reserve for contingencies as it may deem proper; and (3) the payment of any obligations, liabilities or expenses incurred or to be incurred, after given consideration to (i) income expected to be received during such period (other than rent from interval proprietary lessees), and (ii) cash on hand which the Directors in their discretion may choose to apply. The Directors may from time to time modify their prior determination and increase or diminish the amount previously determined as cash requirements of the corporation for a year or portion thereof . . . all determinations of cash requirements shall be conclusive as to all interval Lessees.
Cash Requirements whenever used herein shall mean the estimated amount in cash which the Directors shall from time to time in its judgment determine to be necessary or proper for (1) the operation, maintenance, care, alteration and improvement of the corporate property during the year or portion of the year for which such determination is made; (2) the creation of such reserve for contingencies as it may deem proper; and (3) the payment of any obligations, liabilities or expenses incurred or to be incurred, after giving consideration to (i) income expected to be received during such period (other than rent from proprietary lessees), and (ii) cash on hand which the Directors in its discretion may choose to apply. The Directors may from time to time modify its prior determination and increase or diminish the amount previously determined as cash requirements of the corporation for a year or portion thereof. No determination of cash requirements shall have any retroactive effect on the amount of the rent payable by the lessee for any period prior to the date of such determination. All determinations of cash requirements shall be conclusive as to all lessees. [Authority Limited to Board of Directors]
Cash Requirements whenever used herein shall mean the estimated amount in cash as determined by the estimated operating budget of the Corporation as promulgated and adopted from year to year which the Directors shall from time to time in their judgment determine to be necessary or proper for (1) the ration, maintenance, care, alteration and improvement of the operation property during the year or portion of the year for which such determination is made; (2) the creation of such reserve for contingencies as they may deem proper; and (3) the payment of any obligations, liabilities or expenses incurred or to be incurred, after giving consideration to (i) income expected to be received during such period (other than common expense, assessments and maintenance fees), and (ii) cash on hand which the Directors in their discretion may choose to apply. The Directors may from time to time modify their prior determination and increase or diminish the amount previously determined as cash requirements of the Corporation for the year or portion thereof. No determination of cash requirements shall have any retroactive effect on the amount of the maintenance fee payable by the Lessee for any period prior to the date of such determination. All determinations of cash requirements shall be conclusive as to all lessees. Effective Date: June 15, 2016