Allocation of Cash Sample Clauses

Allocation of Cash. Notwithstanding anything herein to the ------------------ contrary, but subject to Section 3.2 hereof, the consolidated aggregate cash held by Stream International and its Subsidiaries as of October 31, 1997, shall be allocated to the particular business (i.e., the CST Business, the MMI Business or the Stream International Business) that generated such cash, provided that the maximum amount allocated to CST pursuant to this sentence shall be $7,500,000, the maximum amount allocated to MMI pursuant to this sentence shall be $12,500,000 and the maximum amount allocated to Stream International pursuant to this sentence shall be $5,000,000 (such amounts are hereinafter referred to as the "Target Amounts"). If any business has generated cash in excess of its Target Amount, such excess shall be allocated to the other businesses, pro rata based on the ratio of their Target Amounts, until one of such businesses has been allocated its Target Amount. Any remaining excess shall be allocated to the remaining business until it has been allocated its Target Amount. If the consolidated aggregate cash held by Stream International and its Subsidiaries as of October 31, 1997 exceeds $25,000,000, the amount in excess of $25,000,000 shall be allocated 30% to CST, 50% to MMI and 20% to Stream International. Any cash generated after October 31, 1997 shall remain with the particular business (i.e., the CST Business, the MMI Business or the Stream International Business) that generated such cash; provided, however, that the proceeds received by Stream International pursuant to that certain Asset Purchase Agreement dated as of the date hereof between Stream International and X.X. Xxxxxxxxx Norwest, Inc. shall be allocated 40% to the MMI Business and 60% to the CST Business.
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Allocation of Cash. Except as set forth in the Operating Budget and except for conversion of currencies in the ordinary course of business consistent with past practice, allocate or exchange existing or incoming cash from one currency to another currency (U.S. dollars, Euros and British pounds).
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Allocation of Cash. AR items forecasted need to have clear allocation instructions in Adapt/CMS/Excel. If unable to identify receipt of funds the goal is to get allocation instructions in 48 hours. Correct blocking (blocker 9) is required for longer outstanding items. After monthly unapplied cash reviews we expect immediate follow up where needed (48 hours after meeting). Meeting documents and data will be facilitated. Instructions are to be sent ASAP in the designated sheet. Make sure to send this to Xxxxxx and cc Martijn van Boxel. Prepare for unapplied cash meetings. Allocate according instructions from customer, avoid reconciliations.
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Allocation of Cash. Election Shares 5 2.5 Allocation of Stock Election Shares 5 2.6 No Allocation 6 2.7 Computations 6 2.8 Cancellation of Shares 6
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Allocation of Cash. All cash resulting from the normal business operations of the Company and from a Capital Event shall be distributed among the Members in proportion to their Membership Interests at such times as the Members may agree.
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Allocation of Cash. Notwithstanding any provision in this Agreement to the contrary, Buyer and Seller hereby agree that Seller shall be entitled to all cash and cash equivalents of the Company as of the Closing Date; provided, however, that Seller shall ensure that the Company has sufficient cash to cover any checks that may have been written by the Company prior to the Closing but not presented for payment prior to the Closing Date.
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Related to Allocation of Cash

  • Distribution of Cash (a) The Partnership shall distribute cash on a quarterly (or, at the election of the General Partner, more frequent) basis, in an amount determined by the General Partner in its sole and absolute discretion, to the Partners who are Partners on the Partnership Record Date with respect to such quarter (or other distribution period) in accordance with Section 5.2(b).

  • Allocation of CDSCS (1) CDSCS RELATED TO THE REDEMPTION OF COMMISSION SHARES OTHER THAN OMNIBUS SHARES: CDSCs in respect of the redemption of Commission Shares which are not Omnibus Shares shall be allocated to PSI or Successor Distributor depending upon whether the related redeemed Commission Share is attributable to PSI or Successor Distributor, as the case may be, in accordance with Part I above.

  • Limitations on Return of Capital Contributions Notwithstanding any of the provisions of this Article 5, no Partner shall have the right to receive and the General Partner shall not have the right to make, a distribution that includes a return of all or part of a Partner’s Capital Contributions, unless after giving effect to the return of a Capital Contribution, the sum of all Partnership liabilities, other than the liabilities to a Partner for the return of his Capital Contribution, does not exceed the fair market value of the Partnership’s assets.

  • ALLOCATION OF CONTRIBUTIONS If the application is in good order, the initial Contribution will be applied within two Business Days of receipt at the Retirement Resource Operations Center. During the right to cancel period, all Contributions will be allocated in one or more of the Sub-Account(s) as specified in the application. During the right to cancel period, the Owner may change the allocations to the Sub-Accounts. Subsequent Contributions will be allocated to the Annuity Account in the proportion Requested by the Owner. If there are no accompanying instructions, then allocations will be made in accordance with standing instructions. Allocations will be effective upon the Transaction Date.

  • Application of Cash At Lender's option, Lender may apply any cash, whether included in the Collateral or received as Income and Proceeds or through liquidation, sale, or retirement, of the Collateral, to the satisfaction of the Indebtedness or such portion thereof as Lender shall choose, whether or not matured.

  • Distribution of Net Cash Flow Net Cash Flow shall be distributed among the Partners in accordance with their Partnership Percentages at such times and in such amounts as shall be determined by the General Partner.

  • Distributable Cash Distributable Cash, as defined, means, with respect to any period of the Company’s operation, the gross cash receipts of the Company, including funds released from reserves, reduced by the sum of the following: (a) all principal and interest payments and other sums paid on or with respect to any indebtedness of the Company, (b) all cash expenditures incurred incident to the operation of the Company’s business, including without limitation, any capital expenditure, (c) all amounts due the Manager, and (d) such cash reserves as the Manager shall from time to time designate or as may otherwise be required by the terms of the Agreement or loan documents entered into by the Company in order to establish for working capital, compensating balance requirements, contingencies, payments of Distributions or the funding of any other cash or capital requirements of the Company.

  • Profits and Losses Distributions The Member shall treat all of the profits and losses of the Company as its own. All distributions shall be made to the Member at times and in amounts determined by the Member or the Board of Managers. The Company shall not make distributions to the Member if such distribution would violate Section 18-607 of the Act.

  • Allocation of Charges There is not any agreement or understanding between the Servicer and the Borrower (other than as expressly set forth herein or as consented to by the Administrative Agent), providing for the allocation or sharing of obligations to make payments or otherwise in respect of any taxes, fees, assessments or other governmental charges; provided that it is understood and acknowledged that the Borrower will be consolidated with the Servicer for tax purposes.

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