Cash Netting definition

Cash Netting means, for any date of determination, unrestricted cash and Cash Equivalents determined in accordance with the methodology set forth in the Parent’s balance sheet as filed with the United States Securities and Exchange Commission, at such date.

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Cash Netting means (a) cash on deposit in demand deposit accounts in the United States that is not subject to any Liens (other than customary bank rights of set-off that are not currently exercisable against such cash and the Liens created pursuant to the U.S. Loan Documents or International Loan Documents), or to any contractual arrangement requiring the maintenance or segregation of, such cash for a specified use, (b) cash of a Wholly-Owned Subsidiary of the Parent on deposit in demand deposit accounts not in the United States that is subject to an International Account Control Agreement in form and substance reasonably satisfactory to the Administrative Agent but not subject to any other Liens (other than rights of set-off that are not currently exercisable against such cash), or to any contractual arrangement requiring the maintenance or segregation of, such cash for a specified use, and (c) cash of a Foreign Subsidiary of the Parent on deposit in demand deposit accounts not in the United States, whose Receivables are eligible to be included in the computation of the current International Revolving Borrowing Base pursuant to Section 2.3(a)(ii) (but for any failure to satisfy clause (B)(2) thereof) as of the relevant date of determination, provided that for purposes of calculating the Consolidated Net Leverage Ratio, the cash that is the subject of this clause (c) shall be netted solely against the aggregate outstanding principal amount of loans under this Agreement as of such date of determination (and shall not in any event be netted against the aggregate outstanding principal amount of the loans under the U.S. Loan Documents).

Examples of Cash Netting in a sentence

Schedule 4.8B sets forth a detailed breakdown of Cash Netting of the Parent and its Subsidiaries, as well as the cash balance of the Parent and its Subsidiaries by country, any tax withholding associated with repatriation of foreign cash, and a reconciliation of Cash Netting of the Parent and its Subsidiaries to its total cash pursuant to Section 6.1(d).
Schedule 4.8B sets forth a detailed breakdown of Cash Netting of the Borrower and its Subsidiaries, as well as the cash balance of the Borrower and its Subsidiaries by country, any tax withholding associated with repatriation of foreign cash, and a reconciliation of Cash Netting of the Borrower and its Subsidiaries to its total cash pursuant to Section 6.1(d).
Dealer concessions will be paid as a percentage of premiums received in cash or other legal tender and accepted by Insurer on applications obtained by Broker/Dealer's Representatives unless otherwise indicated in Compensation Schedule A.
Schedule 4.8B sets forth a detailed breakdown of Cash Netting of the Parent and its Subsidiaries, as well as the cash balance of the Parent and its Subsidiaries by country, any tax withholding associated with repatriation of foreign cash, and a reconciliation of Cash Netting of the Parent and its Subsidiaries to its total cash.
The JV shall pay to a Member Party any amounts owed to such Member Party (or, in the case of BMS, to BMS Sub) pursuant to Section 7.1(a) on the applicable Cash Netting Day as provided in Section 4.1 of the Operating Agreement.
If the aggregate amount invoiced by a Member Party for Transfer Prices is greater than or less than the aggregate amount owed to such Member Party by the JV for such Transfer Prices, as recalculated pursuant to this Section 7.1(d), then the relevant adjustment shall be addressed as part of the cash netting mechanism provided for in Section 4.1 of the Operating Agreement and shall be settled on the first Cash Netting Day following such recalculation.
Schedule 4.8B sets forth a detailed breakdown of Cash Netting of the Borrower and its Subsidiaries, as well as the cash balance of the Borrower and its Subsidiaries by country, any tax withholding associated with repatriation of foreign cash, and a reconciliation of Cash Netting of the Borrower and its Subsidiaries to its total cash.

More Definitions of Cash Netting

Cash Netting means (a) cash on deposit in demand deposit accounts in the United States that is not subject to any Liens (other than customary bank rights of set-off that are not currently exercisable against such cash and the Liens created pursuant to the U.S. Loan Documents or International Loan Documents), or to any contractual arrangement requiring the maintenance or segregation of, such cash for a specified use, (b) cash of a Wholly-Owned Subsidiary of the Borrower on deposit in demand deposit accounts not in the United States that is subject to an International Account Control Agreement (as defined in the International Credit Agreement) in form and substance reasonably satisfactory to the administrative agent under the International Credit Agreement but not subject to any other Liens (other than rights of set-off that are not currently exercisable against such cash), or to any contractual arrangement requiring the maintenance or segregation of, such cash for a specified use, and (c) cash of any Foreign Subsidiary of the Borrower on deposit in demand deposit accounts not in the United States, whose receivables are eligible to be included in the computation of the current International Revolving Borrowing Base (as defined in the International Credit Agreement) pursuant to Section 2.3(a)(ii) thereof (but for any failure to satisfy clause (B)(2) thereof) as of the relevant date of determination, provided that for purposes of calculating the Consolidated Net Leverage Ratio, the cash that is the subject of this clause (c) shall be netted solely against the aggregate outstanding principal amount of loans under the International Credit Agreement as of such date of determination (and shall not in any event be netted against the aggregate outstanding principal amount of the Loans hereunder).

Cash Netting means (a) cash on deposit in demand deposit accounts in the United States that is not subject to any Liens (other than customary bank rights of set-off that are not currently exercisable against such cash and the Liens created pursuant to the U.S. Loan Documents or International Loan Documents), or to any contractual arrangement requiring the maintenance or segregation of, such cash for a specified use, (b) cash of a Wholly-Owned Subsidiary of the Parent on deposit in demand deposit accounts not in the United States that is subject to an International Account Control Agreement in form and substance reasonably satisfactory to the Administrative Agent but not subject to any other Liens (other than rights of set-off that are not currently exercisable against such cash), or to any contractual arrangement requiring the maintenance or segregation of, such cash for a specified use, and (c) cash of a Foreign Subsidiary of the Parent on deposit in demand deposit accounts not in the United States, whose Receivables are eligible to be included in the computation of the current International Revolving Borrowing Base pursuant to S ection 2.3(a)(ii) (but for any failure to satisfy c lause (B)(2) thereof) as of the relevant date of determination, provided that for purposes of calculating the Consolidated Net Leverage Ratio, the cash that is the subject of this c lause