Domestic Cash Reporting Clause Samples

Domestic Cash Reporting. Commencing with the week ending Friday, January 9, 2004, and for every week thereafter, the Company shall furnish on the following Business Day to each of the Noteholders and Noteholders’ Professionals a domestic cash balance statement which shall include the maximum and minimum cash balances of such preceding week (the “Weekly Cash Report”). Cash balances referred to in this Section 4.3(f) shall include the Company’s consolidated domestic cash and cash equivalents as of the close of business each day (as determined in accordance with generally accepted accounting principles) plus, without duplication, the cash balance in the Company’s and its Domestic Subsidiaries’ pre-funded domestic disbursement accounts (which shall not be reduced by the amount of any checks outstanding but not presented to such bank for payment), but shall not include any amounts required to be deposited or segregated pursuant to Section 4.3(e). If at any time the Company’s cash balance so determined shall be less than $22,000,000, the Company shall, within one (1) Business Day thereafter, notify each of the Noteholders and the Noteholders’ Professionals of such occurrence and thereafter shall report the Company’s daily cash balance, as of the close of business on each Business Day to the Noteholders and the Noteholders’ Professionals via electronic mail by the next Business Day, until such time as the Company’s cash balance has been in excess of $22,000,000 for at least ten (10) consecutive Business Days.