Cash Deficit definition

Cash Deficit means the shortfall between Rents and Reasonable Operating Expenses.

Cash Deficit means the amount, if any, by which the Estimated Closing Date Cash exceeds the Final Cash Balance.

Cash Deficit means when the cash balance of the Corporation is below “minimum cash balance requirements”.

Examples of Cash Deficit in a sentence

• This SBLC facility availed by HGHL is collaterally secured by the factory land parcel of the Company at Hyderabad and also guaranteed by Gulf Oil International Limited (GOIL) along with a Cash Deficit Undertaking to the lender.

• For example, if (i) $1,000,000 in Cash Deficit Contributions are required, (ii) Nevada Gold contributes 100% of such amount, and (iii) the aggregate Capital Contributions of all of the Members after the making of the $1,000,000 Cash Deficit Contribution is $19,000,000, then Nevada Gold's Percentage shall be increased by 3.95%, calculated as follows: 150% X $500,000/$19,000,000 = 3.95% Trackpower's Percentage shall be decreased by 1.975% and Southern Tier's Percentage shall be decreased by 1.975%.

• The Members agree that if either (but not both) Southern Tier or TrackPower is the Non-Contributing Member, then the other shall have the first right but not the obligation to contribute 100% of the Cash Deficit Contribution or other amount required by Section 7.1 of such Non-Contributing Member, such election to be exercised within five (5) days following the Contribution Date.

• Pursuant to the Scheme of Arrangement and conditions put in by one of the existing lenders of Gulf Oil Corporation Limited, the Company is also required to issue a Cash Deficit Undertaking in favour of the lender for the Letter Of Credit (LOC) facility of USD180 million given to Gulf Oil Corporation Limited.

• Except as already accounted for in the Net Operating Cash Flow or Net Operating Cash Deficit described above, after Closing, Seller agrees to cause to be paid to Buyer any amounts received by Seller (whether received before or after the Effective Time), including payments on accounts receivables generated by the Storage Assets after the Effective Time, to which Buyer is entitled but which is paid instead to Seller for whatever reason.

More Definitions of Cash Deficit

Cash Deficit means the amount, if any, by which Cash on Hand is less than Minimum Cash on Hand.

Cash Deficit means the amount, if any, by which the Closing Cash is less than the Estimated Closing Cash.

Cash Deficit means the amount, if any, by which the Estimated Closing Cash is greater than the Final Closing Cash (as set forth on the Final Closing Statement).

Cash Deficit means the amount, if any, by which the amount of (a) Exit Financing Costs and other closing expenses (not to exceed $2 million), Monetization costs, the amount of any proceeds of sales or other dispositions of assets out of the ordinary course consummated after October 14, 1999 (with the exception of the Macon equipment line sale to Groupo P.I.

Cash Deficit the meaning set forth in Section 2.3(a).

Cash Deficit means the amount, if any, by which Closing Cash is less than $5,000,000.

Cash Deficit means the amount, if any, by which the amount of (a) Exit Financing Costs and other closing expenses (not to exceed $2 million), Monetization costs, the amount of any proceeds of sales or other dispositions of assets out of the ordinary course consummated after October 14, 1999 (with the exception of the Macon equipment line sale to Groupo P.I. Mabe, S.A. de C.V.), reductions in capital expenditures from the amount included in the Projections (such amount to be determined in consultation with Buyer), the amount of any income tax refunds not included in the Projections, any payments after October 14, 1999 in respect of indebtedness of PMI to Seller in excess of $2.9 million, and Allowed Administrative Claims (exclusive, however, of the Assumed Liabilities listed on Schedule 13.1 hereto), including without limitation all bankruptcy-related professional fees, (1) "confirmation bonuses," and paid and estimated pro rated 1999 tax liabilities, (b) Priority Tax Claims and Other Priority Claims, and (c) Priority Claims and Class 2 Claims (secured) paid in cash or reinstated by Reorganized Paragon ((a), (b) and (c), above, collectively, the "Cash Deductions") exceeds cash available for distribution under the Plan on the Effective Date.