Available Unrestricted Cash definition

Available Unrestricted Cash means cash in any form, including without limitation amounts on deposit in deposit accounts, securities accounts, commodity accounts, that is collected funds and is not subject to any escrow, security deposit or other arrangement that is otherwise permitted by this Agreement.
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Available Unrestricted Cash means, at any time, Unrestricted Cash owned by Foreign Subsidiaries at such time; provided that, without duplication, (a) there shall be excluded Unrestricted Cash owned by any Foreign Subsidiary that is not wholly owned by the Company, to the extent ownership of such Unrestricted Cash is attributable to the noncontrolling interest in such Foreign Subsidiary, and (b) Unrestricted Cash owned by any Foreign Subsidiary shall be included only to the extent that, at such time, either the declaration and payment of cash dividends or other cash distributions by such Foreign Subsidiary, or an intercompany loan to the Company by such Foreign Subsidiary (where such intercompany loan is unsecured and subordinated in right of payment to the Obligations on terms customary for subordinated intercompany indebtedness), is permitted by the operation of the terms of the organizational documents of such Foreign Subsidiary, the agreements or other instruments binding upon such Foreign Subsidiary and laws applicable to such Foreign Subsidiary and does not require prior approval of any Governmental Authority that has not been obtained.
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Available Unrestricted Cash means, as of any date of determination, the aggregate amount of unrestricted cash and Permitted Investments held on such date by FCX and the Subsidiaries, other than cash and Permitted Investments subject to any Lien securing Indebtedness or other obligations.
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Examples of Available Unrestricted Cash in a sentence

  • In addition, on each of November 1, 2002 and December 2, 2002, the Parent Borrower shall provide to the Administrative Agent and the Agent's Advisor (for distribution to the Lenders) a cash forecast of the Parent Borrower and the Subsidiaries for the 90-day period commencing on the date of each such report setting forth such cash flows on a weekly basis, including the projected amount of Available Unrestricted Cash.

  • In addition, on January 3, 2003, the Parent Borrower shall provide to the Administrative Agent and the Agent's Advisor (for distribution to the Lenders) a cash forecast of the Parent Borrower and the Subsidiaries for the 90-day period commencing on the date of each such report setting forth such cash flows on a weekly basis, including the projected amount of Available Unrestricted Cash.


More Definitions of Available Unrestricted Cash

Available Unrestricted Cash means unrestricted cash and cash equivalents of the Borrower and its restricted subsidiaries that are free and clear of liens other than any liens securing any of the Facilities, liens securing Incremental Equivalent Debt (as defined in Exhibit C), the Senior Secured Notes (or any Securities issued in lieu thereof or to refinance the Senior Secured Bridge Facility), non-consensual liens, and other customary and usual exceptions, which for purposes of netting against any Consolidated Total Debt, shall include:
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Available Unrestricted Cash means cash and cash equivalents (i) held by the Parent Borrower and available for use to pay its working capital and other general corporate obligations free of any required regulatory or contractual restrictions or approvals (excluding contractual restrictions on dividends and distributions in the 2001 Notes Indenture, the Subordinated Notes Indenture, the Credit Agreement, and other debt instruments), and (ii) held by any Subsidiaries and available for dividend or distribution, directly or indirectly, to the Parent Borrower for use as described in the preceding clause (i), free of any required regulatory or contractual restrictions or approvals.
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Available Unrestricted Cash means, at any time, the aggregate amount of cash and Permitted Investments of the Restricted Group at such time that would not appear as “restricted” on the consolidated balance sheet of the Restricted Group.
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Related to Available Unrestricted Cash

  • Unrestricted Cash means cash or cash equivalents of the Borrower or any of its Subsidiaries that would not appear as “restricted” on a consolidated balance sheet of the Borrower or any of its Subsidiaries.

  • Unrestricted Cash Amount means, as to any Person on any date of determination, the amount of (a) unrestricted Cash and Cash Equivalents of such Person whether or not held in an account pledged to the Collateral Agent and (b) Cash and Cash Equivalents of such Person restricted in favor of the Facilities (which may also include Cash and Cash Equivalents securing other Indebtedness secured by a Lien on any Collateral along with the Facilities), in each case as determined in accordance with GAAP; it being understood and agreed that proceeds subject to Escrow shall be deemed to constitute “restricted cash” for purposes of the Unrestricted Cash Amount.

  • Restricted Cash means cash and Cash Equivalents held by Restricted Subsidiaries that is contractually restricted from being distributed to the Borrower.

  • Unrestricted Cash and Cash Equivalents means, with respect to any Person, cash and Cash Equivalents of such Person that are free and clear of all Liens and not subject to any restrictions on the use thereof to pay Indebtedness and other obligations of such Person.

  • Permitted Cash Equivalent Investments means (i) marketable direct obligations issued or unconditionally guaranteed by the United States or any agency or any State thereof having maturities of not more than two (2) years from the date of acquisition and (ii) commercial paper maturing no more than one (1) year after its creation and having the highest rating from either Standard & Poor’s Ratings Group or Xxxxx’x Investors Service, Inc.

  • Qualified Cash means, as of any date of determination, the amount of unrestricted cash and Cash Equivalents of Borrower and its Subsidiaries that is in Deposit Accounts or in Securities Accounts, or any combination thereof, and which such Deposit Account or Securities Account is the subject of a Control Agreement and is maintained by a branch office of the bank or securities intermediary located within the United States.

  • Consolidated Cash Flow Available for Fixed Charges means, with respect to any Person for any period:

  • Consolidated First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated First Lien Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated First Lien Leverage Ratio means, as of the date of determination, the ratio of (a) Consolidated Indebtedness as of such date that is secured by first-priority Liens on the Collateral to (b) EBITDA for the most recently ended Test Period, in each case of the Borrower and its Restricted Subsidiaries on a consolidated basis.

  • Available Equity Amount means a cumulative amount equal to (without duplication):

  • Annualized Consolidated EBITDA means, for any quarter, the product of Consolidated EBITDA for such period of time multiplied by four (4).

  • Consolidated Senior Secured Net Leverage Ratio means as of any date of determination the ratio, on a Pro Forma Basis, of (a) Consolidated Senior Secured Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period.

  • Trapped Cash means any cash, checks, rental deposits and bank credit balances that are subject to any restrictions or local exchange control, Tax or other requirements, such that the full amount of such deposits cannot be accessed within ninety (90) days; provided that any amounts that are subject to short term investments or time deposits with maturities less than 363 days as of any relevant time of determination shall not be deemed “Trapped Cash” unless after such maturity, they would be subject to any of the aforesaid restrictions.

  • Net earnings available for fixed charges means net income after deducting operating and maintenance expenses, taxes other than federal and state income taxes, depreciation, and depletion, but excluding extraordinary expenses appearing in the regular financial statements of the system.

  • Consolidated Income Available for Fixed Charges means, with respect to any period, Consolidated Net Income for such period plus all amounts deducted in the computation thereof on account of (a) Fixed Charges and (b) taxes imposed on or measured by income or excess profits.

  • Incremental Available Transfer Capability Revenue Rights means the rights to revenues that are derived from incremental Available Transfer Capability created by the addition of Merchant Transmission Facilities or of one of more Customer-Funded Upgrades.

  • Excluded Cash means, as of any date, (a) any cash or cash equivalents allocated for, reserved or otherwise set aside to pay royalty obligations, working interest obligations, vendor payments, suspense payments, similar payments as are customary in the oil and gas industry, severance and ad valorem taxes, payroll, payroll taxes, other taxes, employee wage and benefit payments and trust, fiduciary, or other obligations of the Credit Parties then due and owing (or to be due and owing within five (5) Business Days) and for which the Credit Parties have issued checks or has initiated wires or ACH transfers (or, in such Credit Parties’ discretion, will issue checks or initiate wires or ACH transfers within five (5) Business Days) in order to pay, (b) any cash or cash equivalents allocated for, reserved or otherwise set aside to pay other amounts due and owing as of such date (or to be due and owing within five (5) Business Days) to Persons who are not Affiliates of the Credit Parties, (c) any cash or cash equivalents of the Credit Parties constituting pledges and/or deposits securing any binding and enforceable purchase and sale agreement with any Persons who are not Affiliates of the Credit Parties, in each case to the extent permitted by this Agreement, (d) any cash or cash equivalents of any Credit Party to be used by such Credit Party within five (5) Business Days to pay the purchase price for any acquisition of any assets or property by such Credit Party pursuant to an executed and binding agreement between such Credit Party and a third-party seller that is not an Affiliate of such Credit Party (to the extent such acquisition is permitted by this Agreement), (e) any cash collateral account in respect of letters of credit permitted under this Agreement, (f) any cash required to be applied to any mandatory prepayment of the Revolving Loans pursuant to Section 2.10(a), as applicable, and (g) to the extent not otherwise included in the preceding clauses (a) through (f), any cash contained in any Excluded Accounts (other than such Excluded Accounts referred to clause (g) in the definition thereof).

  • Consolidated Cash Balance means, at any time, the aggregate amount of cash and cash equivalents, marketable securities, treasury bonds and bills, certificates of deposit, investments in money market funds and commercial paper, in each case, held or owned by, or credited to, the account of the Borrower and its Subsidiaries (including non-wholly owned Subsidiaries and Permitted J/Vs).

  • Borrowing Base Amount means:

  • Quarterly Excess Available Funds Percentage means, with respect to the March 2008 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Consolidated Total Funded Indebtedness (i) obligations under any derivative transaction or other Hedging Agreement, (ii) undrawn Letters of Credit, (iii) Earn-Outs to the extent not then due and payable and if not recognized as debt on the balance sheet in accordance with GAAP and (iv) leases that would be characterized as operating leases in accordance with GAAP on the date hereof.

  • Consolidated Senior Secured Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Senior Secured Indebtedness on such date to (b) the sum, without duplication, of (i) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date plus (ii) the amount of Specified Non-Recurring Charges taken during the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date.

  • Consolidated Cash Flow means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication:

  • Consolidated Senior Funded Debt means Consolidated Funded Debt that is not Subordinated Debt.

  • Prior Period Investments means investments made in a previous evaluation period that are outstanding as of the examination date.

  • Consolidated Total Funded Debt means, as of the date of determination, the aggregate principal amount of all Funded Debt of the Borrower and its Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.