Days Cash on Hand means the amount determined by dividing (a) the amount of the Tenant's cash and unrestricted available funds on any June 30 by (b) the quotient obtained by dividing Operating Expenses as shown on the most recent Annual Financial Statements by 365.

Days Cash on Hand means the quotient obtained by

Days Cash on Hand means (i) Borrower’s unrestricted cash assets reported on Borrower’s balance sheet plus the balance available to be advanced to Borrower under the Working Capital Note as of the test date divided by (ii) Borrower’s operating expenses, excluding depreciation and bad debt expense, for the immediately preceding four (4) quarters divided by 365. Liquidity will be tested quarterly commencing with the fiscal quarter ending September 30, 2012 and subsequently as of the last day of every third month thereafter. For the test dates listed below, Borrower must have a minimum Days Cash on Hand as indicated below: Test Dates Minimum Days Cash On Hand 9/30/12 10 12/31/12 15 3/31/13 and thereafter 20

Examples of Days Cash on Hand in a sentence

The Borrower shall maintain, as of each calculation date, Days Cash on Hand of not less than ninety (90).
Not more than 120 days following each such fiscal year, the Borrower shall furnish to the Trustee a Certificate, signed by the Authorized Borrower Representative, setting forth the Borrower's Days Cash on Hand as of the final day of the fiscal year then ended, and stating whether the requirements of this Section have been met.
As of the final day of each fiscal year, commencing with the fiscal year ending September 30, 2024, and continuing throughout the term hereof, the Borrower shall maintain not less than [60] Days Cash on Hand.

More Definitions of Days Cash on Hand

Days Cash on Hand means the number of days of operating cash available to the hospital, calculated pursuant to standards determined by HUD.

Days Cash on Hand means, for any Fiscal Year, the quotient obtained by dividing (1) the Corporation’s cash and cash equivalents (including board designated funds and funded depreciation but excluding proceeds of short term debt), as of the end of such Fiscal Year by (2) the quotient of dividing (a) the Corporation’s operating expenses (excluding depreciation, amortization, allowance for bad debts, and any other noncash expenses) for such Fiscal Year by (b) the number of days in such Fiscal Year.

Days Cash on Hand means as of any date of determination, the product of 75 times a fraction, (i) the numerator of which is the aggregate amount of the Borrower’s total Operating Expenses plus interest expense for the previous 12 months ending on the testing date, determined in accordance with generally accepted accounting principles, and (ii) the denominator of which is 365.

Days Cash on Hand means as of any testing date, the amount calculated by the Borrower pursuant to Section 6.5 of the Loan Agreement equal to (i) unrestricted cash and investments held by the Borrower including, for such purpose, the balance in the Operating Reserve whether or not held by the Investor Member, plus cash held by the Managing Agent on behalf of the Borrower, plus the cash and investments held by the Trustee in the following funds or accounts: Revenue Fund or Collection Account not yet allocated to other accounts, Operating Expense Account, Trustee/Issuer Expense Account, Insurance/Tax Account and the Surplus Account divided by (ii) the sum of Operating Expenses plus annual interest on the Bonds and multiplied by (iii) 365.

Days Cash on Hand means, as of any applicable date of determination, the amount calculated as the quotient of

Days Cash on Hand means (i) Borrower’s unrestricted cash assets reported on Borrower’s balance sheet plus the balance available to be advanced to Borrower under the Working Capital Note as of the test date divided by (ii) Borrower’s operating expenses, excluding depreciation, for the immediately preceding four quarters divided by 365. Liquidity will be tested quarterly commencing with the fiscal quarter ending September 30, 2012 and subsequently as of the last day of every third month thereafter.”