Available Distributable Cash means, on any date of determination, an amount (which may be a negative amount) equal to the sum of:
Available Distributable Cash for any Quarterly Distribution Date, without duplication, an amount equal to, for the period commencing on the Original Closing Date and ending on the Reference Date for such Quarterly Distribution Date,
Available Distributable Cash means an amount equal to the sum of (a) the cash proceeds to be received by Acquiror at Closing from the Trust Account in connection with the transactions contemplated hereby (after, for the avoidance of doubt, giving effect to the Acquiror Shareholder Redemption) and (b) the cash proceeds to be received by Acquiror at Closing in respect of the PIPE Financing or any Alternative PIPE Financing or any other additional third party financing pursuant to Section 5.7(b).
Examples of Available Distributable Cash in a sentence
Principal shall only be payable from and to the extent of Available Distributable Cash remaining and shall be paid prior to Sublease Rent or Tribal Rent.
Sublease Rent shall be payable solely out of and to the extent of Available Distributable Cash.
Also, this risk is further mitigated by signing long-term leases with varying lease expirations and obtaining security deposits from tenants.
Interest shall be payable monthly from and after such date from Net Receipts irrespective of the amount of Available Distributable Cash and shall be paid prior to setasides for reserves or payment of the Tribal Preference or Tribal Rent.
If the Available Distributable Cash totals less than $10,000 and, in the Liquidating Trustee's sole judgment, there appears to be no reasonable prospects for increasing the amount of Available Distributable Cash to an amount that is greater that $10,000, the Liquidating Trustee shall have the option of distributing the remaining Available Distributable Cash to a recognized charity.
More Definitions of Available Distributable Cash
Available Distributable Cash means an amount equal to the sum of (a) the cash proceeds to be received by Acquiror at Closing from the Trust Account in connection with the transactions contemplated hereby (after, for the avoidance of doubt, giving effect to the Acquiror Shareholder Redemption) and (b) the cash proceeds to be received by Acquiror at Closing in respect of the PIPE Financing or any Alternative PIPE Financing or any other additional third party financing pursuant to Section 5.7(b).
Available Distributable Cash means the Net Proceeds of Liquidated
Available Distributable Cash means, on any date of determination, an amount (which may be a negative amount) equal to the sum of (a) the amounts scheduled to be paid by Holdings as a dividend (in accordance with the dividend policy of Holdings in effect on the Closing Date) on any quarterly date prior to the date the Administrative Agent is scheduled to receive a Compliance Certificate pursuant to Section 6.02(b) in respect of the first fiscal quarter of Holdings commencing after the Closing Date, plus (b) the sum of the following amounts in respect of the Consolidated Parties on a consolidated basis for the period commencing on the Closing Date and ending on such date of determination:
Available Distributable Cash means, as of immediately prior to the Closing (and for avoidance of doubt, after giving effect to the Pre-Closing Reorganization), an aggregate amount equal to the sum of (without duplication) (a) the cash in the Trust Account, less amounts required for SEAC Share Redemptions plus (b) the Cash and Cash Equivalents Balance.
Available Distributable Cash means, as of immediately prior to the Closing, an aggregate amount equal to the sum of (without duplication): (a) all amounts in the Trust Account, less amounts required for Acquiror Shareholder Redemptions plus (b) the aggregate proceeds, if any, actually received by Acquiror from the PIPE Investment plus (c) all other Cash and Cash Equivalents of Acquiror, determined in accordance with GAAP as of 11:59 p.m. Eastern Time on the day immediately preceding the Closing Date minus (d) the aggregate amount of the Company Transaction Costs and the Acquiror Transaction Costs.
Available Distributable Cash means an aggregate amount equal to the sum of (without duplication) the cash in the Trust Account, less amounts required for Trident Share Redemption.
Available Distributable Cash means all cash, revenues and funds (including proceeds from the sale or other disposition or refinancing of capital assets) received by the Company, less the sum of the following, to the extent paid or set aside by the Company: (a) all principal and interest payments on indebtedness of the Company and all other sums paid to lenders; (b) all cash expenditures incurred incident to the normal operation of the Company’s business (including the payment of any guaranteed payments); (c) all amounts deemed necessary by the Board acting in good faith to be held by the Company for working capital purposes; and (d) all amounts deemed necessary by the Board acting in good faith to fund capital expenditures of the Company which are not funded by Additional Investment.