Excess Cash on Hand definition

Excess Cash on Hand means the excess of aggregate cash and cash equivalents on hand of the Borrower and each Restricted Subsidiary that is a Domestic Subsidiary over an amount to be set by the Lender in its reasonable discretion and following consultation with the Borrower on or before the date that is 15 Business Days following the Closing Date (or such longer period as the Lender shall determine in its discretion).

Excess Cash on Hand as of a given date, shall mean the amount by which Borrower’s primary operating cash account balance (as determined on a book balance basis after adjusting for unpresented checks and uncleared funds) exceeds $5,000,000.

Excess Cash on Hand has the meaning assigned to that term in Section 4.4(e).

Examples of Excess Cash on Hand in a sentence

• To the extent the District receives advance payments of federal funds as described above, the District will expend (i.e., pay out) the federal funds on allowable expenditures within 3 business days (i.e., 72 hours) of receipt to avoid excess cash on hand and a refund due to TEA (see Excess Cash on Hand section below).

• The District also makes timely payment to contractors.To the extent the District receives advance payments of federal funds as described above, the District will expend (i.e., pay out) the federal funds on allowable expenditures within 3 business days (i.e., 72 hours) of receipt to avoid excess cash on hand and a refund due to TEA (see Excess Cash on Hand section below).

• We also increase the under- standability of software prefetching limitations and hardware prefetching limitations when both prefetching schemes are used together.Hardware and software cooperative prefetching.

• The greater of (x) all Surplus Cash Flow or (y) all Surplus IP Royalty Income (as defined below) or (z) all Excess Cash on Hand (as defined below) shall be used first to pay interest and principal on the Hillside Notes and second to make all funding payments under the Plan.2 The Surplus Cash Flow and Surplus IP Royalty Income tests will be conducted on a semi-annual basis.

• Not later than the March 31 Quarterly Date after the end of each Measuring Period, the Borrower shall prepay the Senior Notes and the Loans in an aggregate amount equal to the greater of (a) 100% of Excess Cash Flow for such Measuring Period and (b) 100% of Excess Cash on Hand as of the related Measuring Date, such prepayment to be effected in each case in the manner and to the extent specified in Section 4.1 of the Intercreditor Agreement and clause (vi) below.

More Definitions of Excess Cash on Hand

Excess Cash on Hand means, at any time, the greater of (a) $0 and (b) (x) the cash on hand of (1) Borrowers (other than cash subject to Liens in favor of any Person other than the Agent) and (2) Foreign Subsidiaries of Borrowers, not to exceed, in the case of this subclause (b)(x)(2), $15,000,000, minus (y) the aggregate outstanding principal amount of the Term Loan, minus (z) cash advances received in the form of insurance proceeds related to Hurricane Xxx that have not been used to rebuild or purchase assets (other than securities or cash), or offset hurricane costs and expenses.

Excess Cash on Hand means, as of any date, the amount (but only if a positive number) by which total cash and cash equivalents (except for cash and cash equivalents encumbered by Liens or restrictions in favor of Persons other than the Collateral Agent) of the Company and its Subsidiaries on hand on such date exceeds the sum of the following:

Excess Cash on Hand in Section 1.01 of the Existing Credit Agreement is hereby amended and restated in its entirety as follows:

Excess Cash on Hand means, at any time, the greater of (a) $0 and (b) (x) the cash on hand of (1) the Specified Loan Parties (other than cash subject to Liens in favor of any Person other than the Agent (which, prior to the Separation Date and subject to the Intercreditor Agreement, shall include PNC in its capacity as O&G Credit Agreement Agent)) and (2) prior to the Separation Date, the Specified Foreign Subsidiaries, not to exceed, in the case of this subclause (b)(x)(2), $15,000,000, minus (y) the aggregate outstanding principal amount of the Term Loan.

Excess Cash on Hand means, at any time, the greater of (a) $0 and (b) (x) the cash on hand of (1) the Specified Loan Parties (other than cash subject to Liens in favor of any Person other than the Agent (which, prior to the Separation Date and subject to the Intercreditor Agreement, shall include PNC in its capacity as Healthcare Credit Agreement Agent)) and (2) the Specified Foreign Subsidiaries, not to exceed, in the case of this subclause (b)(x)(2), $15,000,000, minus (y) the aggregate outstanding principal amount of the Term Loan.

Excess Cash on Hand at any date, an amount equal to cash and Cash Equivalents of the Borrower and its Subsidiaries on hand on such date MINUS $2,500,000.

Excess Cash on Hand means, as of any Measuring Date, the aggregate amount of cash and cash equivalents held by the members of the Ampex Group and any Foreign Subsidiary (whether or not incorporated) under Common Control with the Borrower as of such Measuring Date in excess of the Excess Cash on Hand Threshold, provided, that for the purposes of determining the amount of any cash and cash equivalents held by any Foreign Subsidiary, any amounts required to be paid during the Measuring Period ended on such Measuring Date by such Foreign Subsidiary for the purposes of (i) making any pension plan contributions required in the jurisdiction of incorporation of the Foreign Subsidiary, (ii) meeting the reasonable costs (if any) associated with the repatriation of any cash or cash equivalents to any member of the Ampex Group; and (iii) funding the ordinary and necessary business needs of such Foreign Subsidiary, shall not be included.