Excess Cash definition

Excess Cash shall have the meaning set forth in Section 2.7.2(b)(vii) hereof.

Excess Cash all cash and Cash Equivalents of the Borrower and its Subsidiaries at such time determined on a consolidated basis in accordance with GAAP in excess of $25,000,000.

Excess Cash means all cash and Cash Equivalents of the Borrower and its Consolidated Subsidiaries at such time determined on a consolidated basis in accordance with GAAP in excess of $10,000,000.

Examples of Excess Cash in a sentence

• All net proceeds from the sale, lease, or other disposition of Wireless Radio Service licenses shall be deposited directly into the joint signature bank account described in Section 6.4 (Excess Cash Distributions) below.

• Except as provided in Section 6.4 (Excess Cash Distributions) above, Wwithdrawals from any such bank account shall be made upon such signature or signatures as the General Partner may designate.

• For example, if a Partner pays an Capital Contribution of $100,000, makes an additional Capital Contribution of $100,000 in response to a capital call pursuant to Section 5.2 (Additional Capital Contributions) below and then receives a $50,000 distribution from the Partnership pursuant to Section 6.4 (Excess Cash Distributions) below, his or her Net Cumulative Capital Contributions will be $150,000 ($100,000 + 100,000 - $50,000 = $150,000).

• In addition to the foregoing, the Partnership shall issue the General Partner a carried interest (the “Profits Interest”), with rights to a portion of Excess Cash as provided in Section 6.4 below.

• Borrower acknowledges and agrees that for Term Loans with amortization periods that are greater than five (5) years, Borrower shall be subject to Excess Cash Flow Recapture as additional principal repayment.

More Definitions of Excess Cash

Excess Cash has the meaning assigned to it in Section 3.04(e).

Excess Cash means, with respect to any specified Person for any period, the Consolidated Cash Flow of that Person for such period, minus the sum of the following, each determined for such period on a consolidated basis:

Excess Cash shall have the meaning set forth in the Cash Management Agreement.

Excess Cash means, at any time, the aggregate cash and Cash Equivalents of the Loan Parties (other than Excluded Cash) in excess of $25,000,000.

Excess Cash on any date means an amount equal to the excess of (i) the book value of Cash Equivalents owned by the Borrower and the Subsidiary Guarantors on such date over (ii) an amount equal to the principal amount of Loans outstanding on such date.

Excess Cash means the amount of unrestricted balance sheet cash in excess of $150 million on the Plan Effective Date as projected 30 days prior to the anticipated Plan Effective Date (in each case, estimated and calculated in a manner reasonably acceptable to the Company Parties and the Required Consenting Noteholders, including in respect of available net after-tax cash proceeds from the PNW Sale (as defined below) and less any deferred pension contribution payments, and any interest associated therewith, of the Company Parties under the CARES Act or applicable IRS/PBGC waiver, potential costs related to regulatory settlements, and other restructuring related payments due on the Plan Effective Date, including any required repayments of debt but excluding the Incremental Payments). For the avoidance of doubt, any Incremental Payments will be made from Excess Cash first prior to the determination of, and distribution of, any Surplus Cash. Further, for the avoidance of doubt, the Exit Facilities shall remain undrawn as of the Plan Effective Date (excluding any required LCs).

Excess Cash means, in relation to any member of the Borrower Group at any time, the aggregate cash in hand and at bank (less withdrawals and other transfers of cash that have not cleared at bank) of that member at that time in excess of €5,000,000 (or its equivalent in other currencies); and