Ending Cash Balance definition

Ending Cash Balance means the actual ending cash balance of the Borrower as of the end of any reporting period, calculated in accordance with generally accepted accounting practices applied consistently.
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Examples of Ending Cash Balance in a sentence

  • No later than fifteen (15) days prior to the start of each fiscal quarter covered by the 4-Year Fixed Financial Support Plan, the Company will determine (a) the Projected Ending Cash Balance for such fiscal quarter, and (b) whether there is an Operations Shortfall with respect to such fiscal quarter.

  • The Borrower shall not permit its Adjusted Pre-Tax Income; determined as at the end of each fiscal quarter, commencing with the fiscal quarter ending September 30, 1994, for the quarter then ended, to be less than Debt Service for such quarter; nor shall the Borrower permit its Ending Cash Balance to fall below seventy-five percent (75%) of the Operating Reserve Amount.

  • The Company shall promptly determine, and report to the Bank, the Company's actual balance of cash on hand as of the last day of each calendar month (cash on hand to be determined after giving effect to principal and interest payments, if any, due on the date of determination and the amount so determined, for each month, to be referred to herein as that month's "Actual Ending Cash Balance").

  • ZAZA ENERGY CORPORATION /s/ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ By: ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ EMPLOYEE /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ Annual STI Award will be based on achievement of (1) achievement of Average Daily Production or Reserve metrics as described below and (2) Minimum Ending Cash Balance of $5,000,000 as of the last day of the applicable fiscal year.

  • ZAZA ENERGY CORPORATION /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇ By: ▇▇▇▇▇▇ ▇▇▇▇▇▇ Title: CHAIRMAN EMPLOYEE /s/ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Annual STI Award will be based on achievement of (1) achievement of Average Daily Production or Reserve metrics as described below and (2) Minimum Ending Cash Balance of $5,000,000 as of the last day of the applicable fiscal year.