Cash Runway definition

Cash Runway means, as of any date of determination, the quotient determined by dividing the sum of cash and cash equivalents (including, but not limited to, (i)
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Cash Runway refers to the Cash Assets divided by the projected Cash Burn Rate as of the date of calculation. (For example, if as of the date of calculation the Cash Assets are $40,000,000 and the 12-months forward Cash Burn Rate is projected at $3,000,000 per month, the Cash Runway would be 13.33 months.)
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Cash Runway. On any date of determination for any Loan and its related Obligor, the number of months determined by dividing (a) available unrestricted Cash on hand plus revolving availability for such related Obligor as of such date of determination, by (b) the quotient obtained by dividing (i) for the three calendar month period most recently ended the sum of (1) all scheduled payments of principal paid or required to be paid during such period with respect to Indebtedness, (2) Cash Interest Expense paid or required to be paid for such period, (3) federal, state, and local income taxes (and franchise taxes in lieu of income taxes) paid or required to be paid in cash during such period, and (4) dividends and distributions paid in cash during such period, in each case, of such related Obligor and its affiliates, determined on a consolidated basis in accordance with GAAP, divided by (ii) three (3).
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Examples of Cash Runway in a sentence

  • In addition, the Triggered Principal Amount, if otherwise increased pursuant to the proviso of the first sentence of this clause (a), shall reduce to $3,000,000 (with respect to any payment that has not yet come due) if any time after the Triggering Date the Cash Runway Ratio is equal to or greater than 1.00.

  • Additional Programs in the Clinic62018 Milestones B Y M I D Y E A R * * B Y E N D O F Y E A R * * TDT: Northstar-2 (HGB-207) Data TDT: EMA Filing in Non-β0/β0 Genotypes MM: CRB-401 (bb2121) DataTDT: Northstar-3 (HGB-212) Data SCD: BCL11A shRNA Study StartSCD: HGB-206 Data $1.6 Billion Cash Runway into 202149.4m shares outstanding as of 12/31/17Cash, cash equivalents and marketable securities (unaudited) as of 12/31/2017.

  • RGRX Cash Runway Through Completion of Phase 3 Trial Financial Highlights and Capitalization (1) Majority of notes held by insiders (Management, Board, and Affiliates).

  • All product sales (Including NUZYRA®) based on IQVIA NSP$ data Vabomere in particular has likely benefitted from the Avycaz shortfall beginning 3/2020.Apr ‘20Apr ‘20 Apr ‘20Apr ’20 Apr ‘20 Apr ‘20BARDA BioShield Contract A Unique Public-Private Partnership with Paratek Valued at ~$285 million Balance Sheet Highlights and Cash Runway Guidanceas of March 31, 2020 Cash runway projected through 2023 with a pathway to cash flow breakeven21.

  • HawkinsIts: Chief Executive OfficerExhibit 99.1 Lumos Pharma Reports Second Quarter 2022 Financial Results and Clinical Development Updates -- Continue to Anticipate Interim Data from Phase 2 OraGrowtH210 and PK/PD OraGrowtH212 Trials in Q4 2022 -- -- Primary Outcome Readouts from Both Trials Anticipated 2H 2023 with Data in up to 24 Patients Anticipated from OraGrowtH212 Trial -- -- Cash Runway into Second Quarter 2024 -- AUSTIN, TX, August 9, 2022 – Lumos Pharma, Inc.

  • These choices are informed not only by technical expertise and analysis, but also by value judgments and community support regarding complex upstream-downstream tradeoffs.

  • Molecular Partners AG (Registrant) Date: May 12, 2022 /s/ PATRICK AMSTUTZ Patrick Amstutz Chief Executive OfficerEXHIBIT 99.1Interim Management Statement Q1 2022 of Molecular Partners: Cash Runway into 2026 and Portfolio Progress Highlight Strategic MomentumZURICH-SCHLIEREN, Switzerland and CONCORD, Mass., May 12, 2022 (GLOBE NEWSWIRE) -- Ad hocannouncement pursuant to Art.

  • An STR operator’s ability to pay rent is more accurately a function of their cash runway (Cash Runway = Total Cash Reserves / Burn Rate), especially in a downturn.

  • Schedule 3.1(a) sets forth a complete list of SG Benefit Plans and the SG Executive Benefit Plans other than the Fidelity Plan, which it is agreed shall not be listed in Schedule 3.1(a).

Related to Cash Runway

  • Cash Burn means an amount equal to the prior period’s Cash minus the current period’s ending Cash that has been adjusted for any changes to Cash as a result of borrowings and repayments of borrowings, proceeds from the sale of equity and the exercise of stock options or warrants, paid-in-capital and minority interest, and capital expenditures financed under a capital lease.

  • ECFMG means the Educational Commission for Foreign Medical Graduates, an organization that assesses the readiness of international medical school graduates to enter ACGME-approved residency programs in the United States of America.

  • Peak tube potential means the maximum value of the potential difference across the x-ray tube during an exposure.

  • Runway means a defined rectangular area on a land aerodrome prepared for the landing and take-off of aircraft;

  • 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.

  • Sewage sludge fee weight means the weight of sewage sludge, in dry U.S. tons, excluding admixtures such as liming materials or bulking agents. Annual sewage sludge fees, as per section 3745.11(Y) of the Ohio Revised Code, are based on the reported sludge fee weight for the most recent calendar year.

  • Micro-purchase threshold means the dollar amount at or below which a district may purchase property or services using micro-pur- chase procedures. Generally, the micro-purchase threshold for pro- curement activities administered under federal awards is not to ex- ceed the amount set by the Federal Acquisition Regulations (FAR) at 48 C.F.R. Part 2, Subpart 2.1 [see below], unless a higher threshold is requested by the district and approved by the cogni- zant agency for indirect costs.

  • OPWC means the Ohio Public Works Commission created pursuant to Revised Code Section 164.02.

  • Cold Weather Alert means the notice that PJM provides to PJM Members, Transmission Owners, resource owners and operators, customers, and regulators to prepare personnel and facilities for expected extreme cold weather conditions.

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  • Double check valve assembly means an assembly composed of two single, independently acting, check valves including tightly closing shutoff valves located at each end of the assembly and suitable connections for testing the water tightness of each check valve.

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  • Basecoat means a coat of colored material, usually opaque, that is applied before graining inks, glazing coats, or other opaque finishing materials and is usually topcoated for protection.

  • Double Phase Aerosol Air Freshener means an aerosol air freshener with the liquid contents in two or more distinct phases that requires the product container be shaken before use to mix the phases, producing an emulsion.

  • Model 2 seller means a seller registered under the agreement that:

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  • Sewage sludge weight means the weight of sewage sludge, in dry U.S. tons, including admixtures such as liming materials or bulking agents. Monitoring frequencies for sewage sludge parameters are based on the reported sludge weight generated in a calendar year (use the most recent calendar year data when the NPDES permit is up for renewal).

  • Opium poppy means the plant of the species Papaver somniferum L., except the seeds thereof.