Operating Cash Flow definition

Operating Cash Flow means Operating Revenue Cash Flows minus the sum of (i) Operating Expenses, (ii) all principal and interest payments on indebtedness and other sums paid to lenders, (iii) the expenses of raising capital such as Organization and Offering Expenses, legal, audit, accounting, underwriting, brokerage, listing, registration, and other fees, printing and other such expenses and tax incurred in connection with the issuance, distribution, transfer, registration and Listing of the Shares, (iv) taxes, (v) incentive fees paid in compliance with Section IV.F. of the NASAA Guidelines and (vi) Acquisition Fees, Acquisition Expenses, real estate commissions on the resale of real property, and other expenses connected with the acquisition, disposition, and ownership of real estate interests, loans or other property (other than commissions on the sale of assets other than real property), such as the costs of foreclosure, insurance premiums, legal services, maintenance, repair and improvement of property.

Operating Cash Flow means, (a) with respect to the Borrower and its Restricted Subsidiaries on a consolidated basis as of the end of any period from the Agreement Date through and including June 30, 1997, (i) the sum of (A) operating revenues of the Borrower and its Restricted Subsidiaries plus (B) Unrestricted Subsidiary Distributions during such period less (ii) the sum of (A) operating expenses for such period plus (B) corporate overhead (exclusive of amortization and depreciation) for such period; and (b) with respect to the Borrower and its Restricted Subsidiaries on a consolidated basis as of the end of any period ending after June 30, 1997, the sum of (i) (A) operating revenues from leasing operations for such period minus (B) the sum of (1) Leasing Operating Expenses for such period, and (2) Leasing Overhead for such period, plus (ii) the lesser of (A) (1) operating revenues from management agreement operations, minus (2) the sum of (x) Management Operating Expenses and (y) Management Overhead ("Management Operations Cash Flow") for such period and (B) ten percent (10%) of the amount calculated under clause (b)(i) above for such period plus (iii) to the extent that the total amount of Management Operations Cash Flow for such period is greater than the amount calculated pursuant to clause (b)(ii) above, fifty percent (50%) of such excess amount plus (iv) Unrestricted Subsidiary Distributions for such period. In the case of determining Operating Cash Flow under Sections 2.3, 7.8, 7.9 and 7.10 hereof following an Acquisition permitted hereunder, Operating Cash Flow of the Borrower and its Restricted Subsidiaries shall include the Acquisition Operating Cash Flow. For purposes of calculating Operating Cash Flow in connection with any Advance for an Acquisition, Operating Cash Flow for the Borrower and its Restricted Subsidiaries as of the last day of the immediately preceding calendar quarter and/or calendar month end, as the case may be, shall include "operating cash flow" for the Acquisition for the same period after giving effect to adjustments reasonably satisfactory to the Administrative Agent.

Operating Cash Flow means cash flow from operating activities as defined in SFAS Number 95, Statement of Cash Flows.

Operating Cash Flow means, for any period, (a) EBITDA; less (b) Capital Expenditures.

Operating Cash Flow means as to any Performance Period, the Company’s or a business unit’s sum of Net Income plus depreciation and amortization less capital expenditures plus changes in working capital comprised of accounts receivable, inventories, other current assets, trade accounts payable, accrued expenses, product warranty, advance payments from customers and long-term accrued expenses, determined in accordance with generally acceptable accounting principles.

Operating Cash Flow means the net income or loss of the Partnership for the period in question, as determined by the General Partner in accordance with GAAP, and adjusted by:

Operating Cash Flow means, for any period, with respect to the Issuer and its Consolidated Subsidiaries, the aggregate amount of Consolidated Net Income after adding thereto Consolidated Interest Expense (adjusted to include costs recognized on early retirement of debt), income taxes, depreciation expense, Amortization Expense and any noncash amortization of debt issuance costs, any nonrecurring, noncash charges to earnings and any negative accretion recognition.

Operating Cash Flow means the cash flow from the operations of the Company taking into account all revenue and all expense (including but not limited to debt service and the fees and charges payable to the Manager and its affiliates), and after establishing such reserves against future needs as the Manager shall determine.

Operating Cash Flow means, for any period, the sum of the following for the Company and the Restricted Subsidiaries for such period, determined on a consolidated basis in accordance with generally accepted accounting principles (except for the amortization of deferred installation income which shall be excluded from the calculation of Operating Cash Flow for all purposes of this Indenture): (a) aggregate operating revenues minus (b) aggregate operating expenses (including technical, programming, sales, selling, general and administrative expenses and salaries and other compensation, net of amounts allocated to Affiliates, paid to any general partner, director, officer or employee of the Company or any Restricted Subsidiary, but excluding interest, depreciation and amortization and the amount of non-cash compensation in respect of the Company’s employee incentive stock programs for such period (not to exceed in the aggregate for any calendar year 7% of the Operating Cash Flow for the previous calendar year) and, to the extent otherwise included in operating expenses, any losses resulting from a write-off or write-down of Investments by the Company or any Restricted Subsidiary in Affiliates). For purposes of determining Operating Cash Flow, there shall be excluded all management fees until actually paid to the Company or any Restricted Subsidiary in cash.