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 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).
Sample 1
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
Sample 1

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).

  • S chedule 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • The definitions of Consolidated Debt and Net Total Leverage Ratio shall be the same as those set forth in the Existing Credit Agreement (subject to an increase in the cap on cash netting set forth in the definition of Net Total Leverage Ratio to the Cash Netting Cap (as defined in the Fee Letter)).


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 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
Sample 1
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).
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Related to Cash Netting

  • netting means the conversion into one net claim or one net obligation of claims and obligations resulting from transfer orders which a participant or participants either issue to, or receive from, one or more other participants with the result that only a net claim can be demanded or a net obligation be owed;

  • netting arrangement means an arrangement under which a number of claims or obligations can be converted into a single net claim, including close-out netting arrangements under which, on the occurrence of an enforcement event (however or wherever defined) the obligations of the parties are accelerated so as to become immediately due or are terminated, and in either case are converted into or replaced by a single net claim, including ‘close-out netting provisions’ as defined in point (n)(i) of Article 2(1) of Directive 2002/47/EC and ‘netting’ as defined in point (k) of Article 2 of Directive 98/26/EC;

  • Cash Management Reserves means such reserves as the Agent, from time to time, determines in its Permitted Discretion as being appropriate to reflect the reasonably anticipated liabilities and obligations of the Loan Parties with respect to Cash Management Services then provided or outstanding.

  • Cash Management Services means any cash management or related services including treasury, depository, return items, overdraft, controlled disbursement, merchant store value cards, e-payables services, electronic funds transfer, interstate depository network, automatic clearing house transfer (including the Automated Clearing House processing of electronic funds transfers through the direct Federal Reserve Fedline system) and other cash management arrangements.

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Cash Management Arrangements means all cash management arrangements pursuant to which Honeywell or its Subsidiaries automatically or manually sweep cash from, or automatically or manually transfer cash to, accounts of SpinCo or any member of the SpinCo Group.

  • Specified Cash Management Agreement any agreement providing for treasury, depositary or cash management services, including in connection with any automated clearing house transfers of funds or any similar transactions between the Borrower or any Guarantor and any Lender or affiliate thereof or any Agent or affiliate thereof, which has been designated by such Lender and the Borrower, by notice to the Administrative Agent not later than 90 days after the execution and delivery by the Borrower or such Guarantor, as a “Specified Cash Management Agreement”.

  • Cash Management Agreement means any agreement to provide cash management services, including treasury, depository, overdraft, credit or debit card, electronic funds transfer and other cash management arrangements.

  • Hedging Arrangement means a hedge, call, swap, collar, floor, cap, option, forward sale or purchase or other contract or similar arrangement (including any obligations to purchase or sell any commodity or security at a future date for a specific price) which is entered into to reduce or eliminate or otherwise protect against the risk of fluctuations in prices or rates, including interest rates, foreign exchange rates, commodity prices and securities prices.

  • Cash Management System shall have the meaning assigned to such term in Section 9.01.

  • Cash Management Systems has the meaning ascribed to it in Section 1.8.

  • Secured Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Credit Party and any Cash Management Bank.

  • Currency Swap Agreement means any currency swap agreement, including all schedules and confirmations thereto, entered into by the Issuer and the Currency Swap Counterparty, as the same may be amended, supplemented, renewed, extended or replaced from time to time.

  • Swap Contracts means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement.

  • Cash Management Obligation means, as applied to any Person, any direct or indirect liability, contingent or otherwise, of such Person under or in respect of a Cash Management Agreement.

  • Hedging Arrangements means, with respect to any Person, any agreements or other arrangements (including interest rate swap agreements, interest rate cap agreements and forward sale agreements) entered into to protect that Person against changes in interest rates or the market value of assets.

  • Cash Management Agreements means those certain cash management agreements, in form and substance satisfactory to Agent, each of which is among the applicable Credit Party, Agent, and one of the Cash Management Banks.

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

  • Guaranteed Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • Cash Management Obligations means obligations owed by the Borrower or any Restricted Subsidiary to any Lender or any Affiliate of a Lender in respect of any overdraft and related liabilities arising from treasury, depository and cash management services or any automated clearing house transfers of funds.

  • Derivatives Counterparty as defined in Section 7.6.

  • Swap Agreement means any agreement with respect to any swap, forward, future or derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers, employees or consultants of the Borrower or the Subsidiaries shall be a Swap Agreement.

  • Cap Contract Any of the Class A-1 Cap Contract, the Class A-2 Cap Contract or the Subordinate Certificates Cap Contract.

  • Secured Cash Management Obligations means Obligations under Secured Cash Management Agreements.

  • Swap Agreements means, collectively, each Asset Swap Agreement, Liability Swap Agreement and any other swap agreement that may be entered into in connection with the Programme;

  • Cash Reserve means for any Financed Receivable which has been paid in full during a Monthly Period, the amount by which the amount(s) paid on such Financed Receivable exceeds the Advance made on such Financed Receivable.