Cash Netting Amount means, as of the last day of any fiscal quarter ending on or before September 30, 2021, the amount of unrestricted cash and cash equivalents of the Company and its Consolidated Subsidiaries in excess of $200,000,000; provided that the Cash Netting Amount shall not exceed 50% of Consolidated EBITDA for the period of four consecutive fiscal quarters ending as of such date.
Cash Netting Amount as of any date, an amount equal to 100% of the Unrestricted Cash of the Borrower and its Subsidiaries in excess of $25,000,000 as of such date that is held in or credited to accounts located in the United States; provided, that in no event shall the Cash Netting Amount exceed $100,000,000; provided further that for purposes of determining any pro forma compliance or other incurrence-based ratio in each case with respect to any incurrence of Indebtedness (including, without limitation, any Incremental Facility), the cash proceeds to be received in connection with such incurrence shall not be included in the Cash Netting Amount.
Cash Netting Amount means, as of the last day of any fiscal quarter, the amount of unrestricted cash and cash equivalents of the Borrower and its Consolidated Subsidiaries in excess of $175,000,000; provided that the Cash Netting Amount shall not exceed 37.5% of Consolidated EBITDA for the period of four consecutive fiscal quarters ending as of such date.
More Definitions of Cash Netting Amount
Cash Netting Amount means the aggregate amount of Cash and Cash Equivalents (other thanRestricted Cash), in each case, included on the consolidated balance sheet of the Borrower and itsSubsidiaries as of such date in an aggregate amount not to exceed $250.0 million.“Cash Pooling Arrangements” means a deposit account arrangement among a single depositoryinstitution, the Borrower and one or more Foreign Subsidiaries involving the pooling of cash deposits inand overdrafts in respect of one or more deposit accounts (each located outside of the United States andany States and territories thereof) with such institution by the Borrower and such Foreign Subsidiaries forcash management purposes.“CDW UK” means CDW Finance Holdings Limited, a private limited company incorporatedunder the laws of England & Wales with company number 05872067, having its registered office addressat 3rd Floor Xxx Xxx Xxxxxx, Xxxxxx, Xxxxxx Xxxxxxx, EC4M 9AF“CFC” means a Foreign Subsidiary of the US Borrower that is a “controlled foreign corporation”within the meaning of Section 957 of the Code.A “Change in Control” shall be deemed to have occurred if (a) any Person or group of Persons(as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934 as in effect onthe date hereof, but excluding any employee benefit plan of the Borrower and its Subsidiaries, and anyPerson or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any suchplan), shall have acquired beneficial ownership (within the meaning of Section 13(d) or 14(d) of theExchange Act and the applicable rules and regulations thereunder) of more than 40% of the outstandingVoting Shares in the Borrower, (b) a “change in control” (or similar event, however denominated), underand as defined in any indenture, credit agreement or other agreement or instrument evidencing, governingthe rights of the holders of or otherwise relating to any Material Indebtedness of the Borrower or anySubsidiary, shall have occurred with respect to the Borrower or (c) Holdings shall directly or indirectly10
Cash Netting Amount means the aggregate amount of Cash and Cash Equivalents (other than Restricted Cash), in each case, included on the consolidated balance sheet of the Borrower and its Subsidiaries as of such date in an aggregate amount not to exceed $250.0 million.
Cash Netting Amount means, as of any date of determination, the aggregate amount of the Borrowers’ and their Restricted Subsidiaries’ Unrestricted Cash Amount as of such date.