Adjusted Cash Balance definition

Adjusted Cash Balance means, as of any date of measurement thereof, the amount by which the cash on the balance sheet of the Borrower and its Restricted Subsidiaries on such date day exceeds $50,000,000.

Adjusted Cash Balance means, as of any date (the “Measurement Date”), the aggregate amount of unrestricted cash and Cash Equivalents of the Borrower and its Subsidiaries as determined in accordance with GAAP plus (a) any amounts available to be drawn by the Borrower and/or any of its Subsidiaries under committed but undrawn term loan or revolving credit facility agreements (excluding any amounts available under agreements where the proceeds are only intended to be used to fund the purchase of new Vessels) and less (b) the sum of (i) any scheduled payments of principal or interest (but for the purposes of anticipating any interest liabilities, the interest rate of any floating rate debt shall be determined based on reference rates then in effect at the Measurement Date) in respect of debt during the period commencing on the Measurement Date and ending on the date that is six months thereafter, (ii) any customer deposits held by the Borrower or its Subsidiaries for cruises that are scheduled to commence within three months of the Measurement Date and (iii) any planned Non-Financed Capex during the period commencing on the Measurement Date and ending on the date that is six months thereafter

Adjusted Cash Balance means (A) the sum, as of the Closing, of Company’s cash, cash equivalents, accounts receivable, royalties receivable, prepaid expenses and inventory, less (B) Company’s accounts payable, the payment due to Target Corporation under paragraph 5.3 of the TBI License (as defined in Section 2.5 below) and other accrued payables, all measured in accordance with U.S. GAAP (as defined in Section 2.6 below). Notwithstanding the foregoing, the Common Stock Consideration is subject to reduction as set forth in Section 1.3(d) below. To the extent that Company Options are exercised during the period commencing on the date hereof and ending immediately prior to the Effective Time (the “Interim Period Option Exercises”), increasing the number of shares of Company Common Stock outstanding, then the proceeds of all Interim Period Option Exercises (the “Option Proceeds”) shall be held by the Company in a separate account of the Company until immediately after the Closing, and the amount of Option Proceeds shall not be included for purposes of determining the Adjusted Cash Balance.

Examples of Adjusted Cash Balance in a sentence

• The “Cash Consideration” is an amount equal to $4.25 multiplied by the number of shares of Company Common Stock outstanding immediately prior to the Effective Time, minus an amount equal to the amount, if any, by which the Adjusted Cash Balance (as defined below) of Company at the Closing (as defined in Section 6 hereof), less the Option Payments, if any, to be made pursuant to Section 1.4 below, is less than $17,000,000.

• The Company further represents and warrants that the amounts shown in the columns headed "Adjusted Cash Balance 01/22/99" and "Net Interest Due (to) from Mgmt Company as of 12/31/98" in attached Schedule A are true and accurate to the best of The Company's knowledge and information as at 2/23/99.

• The Preliminary Closing Balance Sheet shall be prepared in accordance with GAAP on a basis consistent with the Financial Statements and shall set forth a calculation of the Company’s Adjusted Cash Balance and Working Capital.

• The undersigned further certifies, represents and warrants that (i) Schedule 1 attached hereto sets forth a detailed calculation of Eligible Accounts, Adjusted Cash Balance and the Borrowing Base, and (ii) to his or her knowledge, after due inquiry, that Schedule 1 has been duly completed and is true and correct in all material respects: Terms used herein with their initial letters capitalized which are not otherwise defined herein shall have the meanings ascribed to such terms in the Credit Agreement.

• Paz sent the Agency a copy of the March 2021 AppFolio Reconciliation report for CTA-SD #3781 which concealed the Adjusted Cash Balance and final outcome of the reconciliation in violation of 696.301(12)(14)(15) (2019 Edition).

More Definitions of Adjusted Cash Balance

Adjusted Cash Balance means, at any time (a) all cash of Borrower and its Subsidiaries as of such time, but excluding cash which is subject to a Lien (including Liens created in connection with Cash Secured Letters of Credit), minus (b) $3,000,000.00.

Adjusted Cash Balance means the difference, which may be a negative number, of (i) the sum of (1) Cash and Cash Equivalents deposited in the Principal Collection Account and (2) the expected Cash proceeds of any sale of a Collateral Asset by the Borrower to an Approved Dealer that has not yet settled minus (ii) the amount of any Cash to be applied to effectuate the settlement of the purchase of any Collateral Asset by the Borrower that has not yet settled (including any amount that would be required to be applied to purchase a Collateral Asset that is contributed to the Borrower on a cashless basis if such purchase were made in Cash) and any Excluded Amounts.

Adjusted Cash Balance means, at any time, the cash and Cash Equivalents held by the Borrower and the Guarantors at such time, including amounts on deposit in the Concentration Account and the Collateral Account (Collections), but excluding any Asset Sales Proceeds and Amounts Due From Affiliated Physicians on deposit (or required to be on deposit) in the Collateral Account (Extraordinary Proceeds) pursuant to Section 5.9(c).

Adjusted Cash Balance means the cash balance (which could be a negative number) of the China Group as of December 31, 2005 on the audited financial statements of the China Group for the fiscal year ended on December 31, 2005, as adjusted to exclude any effect of business (i) conducted outside the Ordinary Course of Business and (ii) deviated from the China Group Budget. Such adjustment shall include, without limitation, (A) as to the period between the date hereof and the Closing Date, (i) deduction from the actual cash balance of the amount by which capital expenditures are less than the budgeted amount in the China Group Budget, and (ii) deduction from the actual cash balance of the amount of liabilities (including any reserved amount) incurred other than in the Ordinary Course of Business, and (B) as to the period between the day immediately following the Closing Date and December 31, 2005, (i) addition of the amount of capital expenditures in excess of the China Group Budget and (ii) addition of the amount of dividends or other distributions made other than in the Ordinary Course of Business.

Adjusted Cash Balance as defined in Section 6.5(c).

Adjusted Cash Balance means, at any time, (a) all cash of Borrower and its Subsidiaries as of such time, but excluding cash

Adjusted Cash Balance has the meaning given in Section 2.4(a).