Cash Surplus definition

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

Cash Surplus means the excess of cash receipts over cash disbursements for a given financial period.

Cash Surplus means with respect to Issuer, the cash surplus available with the Issuer (other than monies lying in the Distribution Account) after meeting all taxes, operations and maintenance expenses, debt payments to their lenders and maintenance of all reserves required to be maintained by them as further detailed in the Trust and Retention Account Agreements.

Examples of Cash Surplus in a sentence

• The employee so contributing his paid sick leave shall have such contributed time deducted from his accumulated sick leave balance.

• If, however, the Cash Amount Estimate Certificate reflects a Cash Surplus Amount, the Company shall distribute any such Cash Surplus Amount to Sellers in accordance with each Seller’s Ownership Percentage at least one Business Day prior to Closing.

• Any Cash Surplus transferred by a Participating Company to its Secondary Account (or to its Operating Account, in the absence of a Secondary Account) shall be allocated with priority by operation of law and with no formalities to the repayment in whole or in part of any Advance granted to the Participating Company which is outstanding on the transfer date.

• The Deposit may vary to take into account any restitutions that have been made, as indicated in this article, transfers between Participating Companies as provided by Article 2.1(B), a new Cash Surplus, or debit or credit interest.

More Definitions of Cash Surplus

Cash Surplus shall refer, for a given Business Day, to an amount equal to any net credit balance of all Operating Accounts of the Participating Company denominated in Currency within the limit of the amounts credited to its Secondary Account.

Cash Surplus means when the cash balance of the Corporation exceeds “minimum cash balance requirements”.

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

Cash Surplus has the meaning set forth in Section 2(b)(iii)(A) below.

Cash Surplus means a situation, where cash receipts exceed cash disbursements.

Cash Surplus means the dollar amount of the excess of the Company's cash balance as of a relevant date over $125,000.00.

Cash Surplus means the amount by which Cash exceeds the Cash Target.