Consolidated Cash on Hand definition

Consolidated Cash on Hand means, as of any date of determination, the sum of the amount of cash and Cash Equivalents of the Credit Parties and their Subsidiaries on a Consolidated basis (it being understood that such amount shall exclude in any event any cash and Cash Equivalents identified as “restricted” on the balance sheet of the Borrower (other than cash or Cash Equivalents restricted in favor of the Administrative Agent) or otherwise subject to a security interest in favor of any other Person (other than security interests under the Loan Documents)).

Consolidated Cash on Hand means, as of any day, the sum of the amount of all cash and Cash Equivalents of the Loan Parties, on a consolidated basis.

Consolidated Cash on Hand means, as of any date of determination, the sum of the amount of cash and Cash Equivalents of the Credit Parties on a consolidated basis as set forth on (or that would be set forth on) the consolidated balance sheet of Parent and its Subsidiaries as of such date (it being understood that such amount shall exclude in any event any cash and Cash Equivalents identified on such balance sheet as “restricted” as determined in accordance with GAAP (other than cash or Cash Equivalents restricted in favor of the Administrative Agent or the other holders of the Obligations) or otherwise subject to a security interest in favor of any other Person (other than security interests under the Collateral Documents)).

Examples of Consolidated Cash on Hand in a sentence

• To the extent that the Consolidated Cash on Hand exceeds $30,000,000 at the end of any fiscal monthly period, in connection with the delivery of the financial statements pursuant to Section 5.1(e), the Borrower shall make mandatory principal prepayments on the outstanding Revolving Loans (without a corresponding permanent reduction in the Revolving Committed Amount) in an amount equal to such excess.

• To the extent that the Consolidated Cash on Hand exceeds $35,000,000 at any time, the Borrower shall immediately make mandatory principal prepayments on the outstanding Revolving Loans (without a corresponding permanent reduction in the Revolving Committed Amount) in an amount equal to such excess.

• To the extent that the Consolidated Cash on Hand exceeds $30,000,000 as of the First Amendment Effective Date, immediately prior to the effectiveness of this Agreement (as certified by the Borrower in writing to be accurate within two (2) Business Days prior to the First Amendment Effective Date), the Borrower shall make a mandatory principal prepayment on the outstanding Revolving Loans (without a corresponding permanent reduction in the Revolving Committed Amount) in an amount equal to such excess.

• As of the Third Amendment Effective Date, immediately after giving pro forma effect to the closing of this Amendment, the incurrence of the Incremental Term Loans on such date, the Borrowing of any Revolving Loans on such date and the closing of the IDS Acquisition, the sum of (i) the Unused Total Revolving Commitment and (y) Consolidated Cash on Hand shall be at least $20,000,000.

More Definitions of Consolidated Cash on Hand

Consolidated Cash on Hand means, as of any day, the sum of the amount of all cash and Cash Equivalents of the Company and its Restricted Subsidiaries, on a consolidated basis, less the amount of any payments which have been issued by the Company and its Restricted Subsidiaries, but which have not yet cleared their respective accounts.

Consolidated Cash on Hand means, as of any day, the aggregate amount of unrestricted cash and cash equivalents of the Company and its Subsidiaries on a consolidated basis in accordance with GAAP as of the end of such day.

Consolidated Cash on Hand means, as of any date of determination, the sum of the amount of cash and Cash Equivalents of the Consolidated Parties on a consolidated basis as set forth on the consolidated balance sheet of the Consolidated Parties as of such date (it being understood that such amount shall exclude in any event any cash and Cash Equivalents identified on such balance sheet as “restricted” (other than cash or Cash Equivalents restricted in favor of the Administrative Agent or the other holders of the Secured Obligations (as defined in the Security Agreements)) or otherwise subject to a security interest in favor of any other Person (other than security interests under the Collateral Documents, if applicable)).

Consolidated Cash on Hand means, as of any date of determination, the aggregate amount of all cash and Cash Equivalents on the consolidated balance sheet of the MLP and its Subsidiaries, which is not “restricted” for purposes of GAAP; provided, however, that the aggregate amount of Consolidated Cash on Hand shall not (i) include any cash or Cash Equivalents that are subject to a Lien (other than any Lien in favor of the Administrative Agent or a Lien permitted under Section 6.12(f)) or (ii) include any cash or Cash Equivalents that are restricted by contract, law or material adverse tax consequences from being applied to repay any Total Funded Debt of the Consolidated Group.

Consolidated Cash on Hand has the meaning specified in Section 7.13.

Consolidated Cash on Hand. The definition of “Consolidated Cash on Hand” in Section 1.1 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

Consolidated Cash on Hand in Section 1.1 of the Credit Agreement is hereby amended and restated in its entirety to read as follows: