Actual Cash Receipts definition

Actual Cash Receipts means the amount of all cash proceeds from ordinary course operations actually received by the Loan Parties and their Subsidiaries during the relevant period, as determined in a manner consistent with the Approved Budget, excluding proceeds of any Indebtedness.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Actual Cash Receipts means with respect to any period, the amount of actual cash receipts during such period of the Loan Parties (excluding any borrowings under this Agreement) that correspond to each line item (on a line item by line item basis) under the heading “Total Receipts” in the Approved Budget, as determined by reference to the Approved Budget as then in effect.

Actual Cash Receipts means the sum of all cash distributions received by the Borrower from its Subsidiaries during the relevant period of determination (excluding any borrowings under this Agreement) and which corresponds to the amounts across from the line-item in the Loan Budget titled “Total Cash Receipts”, as determined in a manner consistent with the Loan Budget.

Examples of Actual Cash Receipts in a sentence

The undersigned represents and warrants that (i) the Actual Cash Receipts for the most recent Cumulative Four Week Period are not less than 90% of the Budgeted Cash Receipts for such Cumulative Four Week Period and (ii) the Actual Disbursement Amounts for such Cumulative Four Week Period do not exceed 110% of the Budgeted Disbursement Amounts for such Cumulative Four Week Period.
In addition, on March 7, 2024, the Borrower shall deliver to the Agent and the Lenders a report containing Actual Cash Receipts and Actual Disbursement Amounts for the four-week period ending March 1, 2024 for informational purposes only.
Actual Cash Receipts - the actual amount of all cash proceeds received by the Loan Parties during the relevant period as determined in a manner consistent with the Approved Budget.
Commencing at the end of the fourth full fiscal week following the Petition Date and for each fiscal week thereafter, the Loan Parties shall not permit (i) Actual Cash Receipts for any Cumulative Four-Week Period to be less than 90% of Budgeted Cash Receipts for any such Cumulative Four-Week Period and (ii) the Actual Disbursement Amount for any Cumulative Four-Week Period to be greater than 110% of the Budgeted Disbursement Amount for any such Cumulative Four Week Period.

More Definitions of Actual Cash Receipts

Actual Cash Receipts means the sum of all cash receipts received by the Loan Parties (excluding any Borrowing under this Agreement but including all advances made under the Qualifying DIP RE Facility).

Actual Cash Receipts means with respect to any period, as the context requires, (x) the amount of actual receipts during such period of the Loan Parties (excluding any borrowings under this Agreement) under the heading “Total Receipts” in the Approved Budget and/or (y) the sum, for such period, of all such receipts for all such line items which comprise “Total Receipts” (as set forth in the Approved Budget), on a cumulative basis (consistent with the Variance Testing Period), in each case, as determined by reference to the Approved Budget as then in effect.

Actual Cash Receipts means the sum of all cash collections received by the Note Parties from operations (excluding any borrowings under this Note) during the relevant period of determination, as determined in a manner consistent with the Budget.

Actual Cash Receipts means the sum of all receipts received by the Credit Parties during the relevant Period of determination, as determined in a manner consistent with the Approved Budget.

Actual Cash Receipts has the meaning specified in the First Lien Credit Agreement.

Actual Cash Receipts means, for any period, the sum of all cash receipts received by the Borrower during such period.

Actual Cash Receipts means the sum of all cash receipts received by the Loan Parties (excluding any borrowings under this Agreement or the DIP Term Loan Agreement) during the relevant period of determination which corresponds to the budgeted cash receipts described in the line item contained in the Approved Budget across from the heading “Total Receipts”, as determined in a manner consistent with the Approved Budget.