Flow net definition
Examples of Flow net in a sentence
Subject to the conditions described herein, commencing in calendar year 2021, holders of INX Tokens (other than the Company or its subsidiaries) shall be entitled to receive a Pro Rata Portion (as defined below) of an aggregate amount which equals 40% of the Company’s cumulative Adjusted Operating Cash Flow, net of cash flows which have already formed a basis for a prior distribution (such amount, the “Distributable Amount”).
Net Cash Flow: net cash flow from operating activities less tax and Dividends paid.
Debt Service Coverage is defined as Cash Flow (net income + non cash expenses) vs.
The distribution will be made on April 30 of each calendar year, commencing on April 30, 2021, and will be based on the Company’s cumulative Adjusted Operating Cash Flow net of cash flows which have already formed a basis for a prior distribution, calculated as of December 31 of each year.
The distribution will be made on April 30 of each calendar year, commencing on April 30, 2020, and will be based on the Company’s cumulative Adjusted Operating Cash Flow net of cash flows which have already formed a basis for a prior distribution, calculated as of December 31 of each year.
Except as otherwise provided in Section 2.03, Pledgor shall continue to service and administer or cause the servicing and administration, at its own expense, of the Mortgage Loan (or any property acquired in respect thereof), subject to and in accordance with the Loan Agreement, and shall cause all Collections to be deposited into the Borrower Collection Account, and all Net Cash Flow (net of Borrower Amounts) to be remitted to Lender, at the times and in the manner set forth in the Loan Agreement.
Guarantor agrees to maintain a Bank Debt (defined as the amount outstanding under the Bank South Note, as that term is defined in Section 7.1(d), below, or any replacement thereof) to Cash Flow (defined as consolidated Cash Flow (net income plus non cash expenses) for the most recently completed four (4) fiscal quarter period) Ratio of not greater than 1.75 to 1.00 at any time.
The payment of all such expenses shall be made before any distributions are made from Net Cash Flow, net proceeds from a Capital Transaction or any discretionary reserves are set aside by the Managing Member.