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 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.
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.
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) $5,000,000.
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 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 has the meaning given in Section 2.4(a).
Adjusted Cash Balance means its consolidated cash balance, including certificates of deposit and that certain security deposit in support of Power Host, Inc., less outstanding checks, unrecorded bank fees, and pending electronic payments, as determined as of the Closing by the Buyer in accordance with GAAP. For this purpose, the Company’s “Working Capital” means the difference between the Company’s current assets less its current liabilities. Buyer will make the work papers and back-up materials used in preparing the Preliminary Closing Balance Sheet available to the Shareholders and their accountants and other representatives at reasonable times and upon reasonable notice at any time during (i) the review by the Shareholders of the Preliminary Closing Balance Sheet, and (ii) the resolution by the parties of any objection thereto.
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).