Domestic Unrestricted Cash means, as of any date of determination, cash and Cash Equivalents on the balance sheet of the Credit Parties and their Subsidiaries on deposit in the United States that are readily available to the Credit Parties and that are not subject to any Lien other than a Lien in favor of the Administrative Agent, on behalf of the Secured Parties.
Domestic Unrestricted Cash means, at any time, an amount equal to the Borrower Calculated Dollar Equivalent amount of all Unrestricted Cash of the Borrower and its Subsidiaries at such time determined on a consolidated basis, but excluding Foreign Unrestricted Cash.
Domestic Unrestricted Cash means the sum of Qualified Cash plus the amount of unrestricted cash and Cash Equivalents of the Loan Parties and their Subsidiaries held in Deposit Accounts or Securities Accounts at Morgan Stanley Smith Barney LLC subject to a Control Agreement in favor of the Agent to secure the Secured Obligations.”
Examples of Domestic Unrestricted Cash in a sentence
Beginning on the Fourth Amendment Effective Date through and including the fiscal quarter ending December 31, 2023, Domestic Unrestricted Cash on the balance sheet of the Credit Parties and their Subsidiaries (but excluding any cash received on such date in connection with any Loan or other incurrence of Indebtedness) shall be greater than or equal to $11,500,000 at all times.
Notwithstanding the foregoing, Borrower shall at all times maintain minimum Domestic Unrestricted Cash of at least two times (2x) the aggregate amount of Advances then outstanding.
More Definitions of Domestic Unrestricted Cash
Domestic Unrestricted Cash means at any date, all amounts of cash on the balance sheet of the Borrower and its Subsidiaries at such date, in conformity with GAAP, which is (a) located in the United States, and (b) the use of which is not restricted in any manner, whether by escrow, contract, limitation on account access, or otherwise.
Domestic Unrestricted Cash means, as of any date of determination, the amount of Unrestricted Cash of the Borrower and its Domestic Subsidiaries that is subject to a Control Agreement and that is either on deposit in a deposit account (as that term is defined in the Code) with a branch office of a bank located in the United States, or in a securities account (as such term is defined in the Code) with a securities intermediary located within the United States, or any combination thereof.
Domestic Unrestricted Cash is Unrestricted Cash held in accounts at financial institutions that are located within the United States of America.
Domestic Unrestricted Cash means Unrestricted Cash held by GEO and its Restricted Subsidiaries in the United States of America.
Domestic Unrestricted Cash means the sum of Qualified Cash plus the amount of unrestricted cash and Cash Equivalents of the Loan Parties and their Subsidiaries held in Deposit Accounts or Securities Accounts at Xxxxxx Xxxxxxx Xxxxx Xxxxxx LLC subject to a Control Agreement in favor of the Agent to secure the Secured Obligations.”
Domestic Unrestricted Cash means Cash and Cash Equivalents that, in each case, meet all of the following requirements: (i) it is denominated in Dollars, (ii) if it is embodied in a tangible medium, such tangible medium is located in the United States of America, (iii) if it is deposited in a Deposit Account or held in a securities account (as defined in the UCC), such account is maintained in the United States of America with a financial institution that either (a) is organized under the laws of the United States of America or any state or political subdivision thereof, or (b) is a branch of a financial institution, which branch is located and authorized to conduct the relevant type of financial business in the United States of America, (iv) if it is commercial paper or shares in a money market account or mutual fund, the issuer thereof is organized under the laws of the United States of America or any state or political subdivision thereof, and (v) it is not held in trust for, or held subject to any Lien, transfer restriction or other claim in favor of, any Person other than the Collateral Agent on behalf of the Lenders.
Domestic Unrestricted Cash means the minimum cash, cash equivalents and investment balances on Debtor's balance sheet belonging solely to the Debtor in the form of cash or readily marketable securities held or maintained at institutions in the United States which has not been pledged, encumbered, restricted or otherwise assigned to or by any third party. All other accounting terms not defined herein shall have the meanings ascribed to them according to generally accepted accounting principles, consistently applied.