Funds Flow definition

Funds Flow has the meaning set forth in Section 2.3(a).

Funds Flow shall have the meaning provided in Section 5.2(e).

Funds Flow means that certain flow of funds dated as of the Closing Date by and between Seller, Principals, Buyer and Issuer setting forth the payments (including 22624127-v3 payment for any security deposit held by a landlord under an acquired lease and other closing date prorations) to be made by Buyer or Issuer, as applicable, at Closing, in such form and substance as reasonably acceptable to the Parties and attached hereto as Exhibit J.

Examples of Funds Flow in a sentence

• The Pro Forma Funds Flow has been certified as accurate, complete and correct in all material respects by a Responsible Officer of Borrowing Agent.

• Borrower shall pay or cause to be paid all closing costs and fees due on the Closing Date concurrently with the borrowing occurring on the Closing Date and in accordance with the Funds Flow Memorandum, which shall have been delivered, and be in form and substance reasonably satisfactory, to Administrative Agent and Hermes Agent.

• All fees required to be paid on or before the Funding Date and set forth in the Funds Flow Statement (i) to the Administrative Agent and the Arrangers and (ii) to the Lenders shall in each case have been paid.

• Cenovus monitors its capital structure and financing requirements using, among other things, specified financial measures consisting of Total Debt, Net Debt to adjusted earnings before interest, taxes and DD&A (“Adjusted EBITDA”), Net Debt to Adjusted Funds Flow and Net Debt to Capitalization.

• Net Debt to Adjusted Funds Flow was a new metric as at March 31, 2022.Cenovus targets a Net Debt to Adjusted EBITDA ratio and a Net Debt to Adjusted Funds Flow ratio of approximately 1.0 times and Net Debt at or below $4 billion over the long-term at a WTI price of US$45.00 per barrel.

More Definitions of Funds Flow

Funds Flow has the meaning set forth in Section 5.1(B)(8).

Funds Flow means that certain Funds Flow, dated as of the Closing Date, agreed to by and among Buyer, the Company and Shareholders’ Representative.

Funds Flow means that funds flows delivered by the Borrower on or prior to the Closing Date to the Administrative Agent and the Lenders, in form and substance reasonably acceptable to the Administrative Agent and the Lenders

Funds Flow means the funds flow delivered by the Parent to the Agent on or around the date of this Agreement in connection with the facilities being made available to the Group by the Finance Parties.

Funds Flow means that certain funds flow prepared by the Members’ Representative and delivered to Buyer prior to the Closing Date.

Funds Flow means a flow of funds setting forth the sources and uses of capital for the transactions contemplated by this Agreement and the Theraplant Acquisition Agreement, in form and substance reasonably satisfactory to Agent.

Funds Flow means the Funds Flow between CGI, Buyer and the Seller, substantially in the form attached hereto as Exhibit I.