Designated Cash Amount means, as of any date, the aggregate amount of unrestricted cash on hand of the Borrower and the Restricted Subsidiaries as of such date up to the lesser of (a) 10% of the Credit Limit as of such date and (b) $150,000,000.
Designated Cash Amount the aggregate amount of cash of the U.S. Domiciled Loan Parties deposited in segregated DACA Deposit Accounts with Agent (excluding any portion thereof which is subject to a Lien in favor of a Person other than Agent or is otherwise restricted).
Designated Cash Amount means an amount as of the Effective Date (determined as of the end of the day immediately preceding the Effective Date) equal to all cash and cash equivalents on the consolidated balance sheet of the Company as of the Effective Date less (i) $50,000 less (ii) any cash balance in the CapEx Account less (iii) any MDE term loan and MDE capex facility interest expense accrued but not paid by the Effective Date less (iv) any distributions to Nevada Electric Investment Company, as minority member of Northwind Aladdin LLC, accrued but not paid by the Effective Date plus (v) any electricity demand response payment earned in 2009 by MDE or its Subsidiaries but not paid by the Effective Date. ”
Examples of Designated Cash Amount in a sentence
If, however, at the close of business on December 31, 1995, the Company and its Subsidiary collectively had cash which was less than the Designated Cash Amount, then the Purchase Price for the Shares shall be reduced by an amount equal to the amount of such deficiency.
More Definitions of Designated Cash Amount
Designated Cash Amount means the sum of (i) Three Million Four Hundred Thirty-One Thousand Dollars ($3,431,000).
Designated Cash Amount means Designated Income that has not been included in the calculation of Consolidated Net Income (or Consolidated Cash Flow) pursuant to clause (a) thereof less any tax distributions (not otherwise funded in cash separately by such Unrestricted Subsidiary) made by the Borrower or a Restricted Subsidiary to the extent attributable to any Unrestricted Subsidiaries for the relevant period (provided that Designed Cash Amount shall not be reduced to less than zero); provided that any such Designated Income is designated by the Borrower as “Designated Cash” in an officer’s certificate delivered to the Administrative Agent within 10 Business Days of receipt thereof.
Designated Cash Amount means Designated Income that has not been included in the calculation of Consolidated Net Income (or EBITDA) pursuant to clause (a) of the definition of Consolidated Net Income.
Designated Cash Amount means, as of any date, the aggregate amount of unrestricted cash on hand of the Borrower and the Restricted Subsidiaries (it being understood that Permitted Acquisition Indebtedness Proceeds do not constitute unrestricted cash for purposes of the foregoing) as of such date up to the lesser of (a) 10% of the Credit Limit as of such date and (b) $200,000,000.
Designated Cash Amount means, as of any date of determination, the amount of Unrestricted Cash and Cash Equivalents of the Borrower and its Subsidiaries on such date, provided that any amount maintained in accounts that are not in the United States or that are not subject to a Lien securing the Obligations on a first-priority basis (subject solely to the Lien securing the ABL Obligations) shall not be included in the Designated Cash Amount. “Designated Pledged Debt” has the meaning specified in the Security Agreement. “Designated Pledged Interests” has the meaning specified in the Security Agreement. “Disposition” or “Dispose” means the sale, transfer, license, sublicense, lease or other disposition of any property by any Person (including any sale and leaseback transaction and any issuance of Equity Interests by a Subsidiary of such Person), including any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith. “Disqualified Equity Interests” means any Equity Interest which, by its terms (or by the terms of any security or other Equity Interests into which it is convertible or for which it is exchangeable), or upon the happening of any event or condition (a) matures or is mandatorily redeemable (other than solely for Equity Interests that are not Disqualified Equity Interests), pursuant to a sinking fund obligation or otherwise (except as a result of a change of control or asset sale so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale event shall be subject to the prior repayment in full of the Term Loans and all other Obligations that are accrued and payable), (b) is redeemable at the option of the holder thereof (except as a result of a change of control or asset sale so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale event shall be subject to the prior repayment in full of the Term Loans and all other Obligations that are accrued and payable), in whole or in part, (c) provides for the scheduled payments of dividends in cash or (d) is or becomes convertible into or exchangeable for Indebtedness or any other Equity Interests that would constitute Disqualified Equity Interests, in each case, prior to the date that is ninety-one (91) days after the Latest Term Loan Maturity Date in effect at the time of issuance of such Equity Interests; provided that if such Equity Interests are iss...
Designated Cash Amount means the greater of: (a) Fifty-Six Million Dollars ($56,000,000.00) or (b) such amount designated by Purchaser in its sole discretion, which is greater than Fifty-Six Million Dollars ($56,000,000.00) but less than or equal to Seventy Million Dollars ($70,000,000.00).
Designated Cash Amount. — means the greater of: (a) Fifty-Six Million Dollars ($56,000,000.00) or (b) such amount designated by Purchaser in its sole discretion, which is greater than Fifty-Six Million Dollars ($56,000,000.00) but less than or equal to Seventy Million Dollars ($70,000,000.00).