Excess Foreign Cash definition

Excess Foreign Cash shall have the meaning set forth on Schedule 1.2.

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Excess Foreign Cash has the meaning given in Section 4.9(b).

Excess Foreign Cash means Cash Amounts in Purchased Entities (and their Subsidiaries) in countries outside of the United States to the extent in excess of five million Dollars ($5,000,000).

Examples of Excess Foreign Cash in a sentence

The amount of any payment or other remittance of Excess Foreign Cash pursuant to this Section 4.9(b) shall be determined after deduction of any applicable withholding Taxes, any other Tax liability of the Company or any Company Subsidiary and any related costs resulting from or attributable to such payment or other remittance.
Notwithstanding the foregoing, on June 30, 2014, the Company‌ shall remit to ITW or its designees in accordance with wire transfer instructions provided by ITW cash in an amount equal to (i) the initial amount of Excess Foreign Cash minus (ii) the aggregate amount of Excess Foreign Cash previously remitted to ITW or its designees by the Company and its Subsidiaries.
Notwithstanding the foregoing, on June 30, 2014, the Company shall remit to ITW or its designees in accordance with wire transfer instructions provided by ITW cash in an amount equal to (i) the initial amount of Excess Foreign Cash minus (ii) the aggregate amount of Excess Foreign Cash previously remitted to ITW or its designees by the Company and its Subsidiaries.

More Definitions of Excess Foreign Cash

Excess Foreign Cash means cash and cash equivalents (as defined in the Company's financial statements filed with the Securities and Exchange Commission) of Foreign Subsidiaries that the Company has reasonably determined in good faith can be transferred to the Company within two Business Days (and that would be Unencumbered Domestic Cash and Cash Equivalents upon receipt by the Company) without (x) violating any law, regulation or Contractual Obligation, (y) resulting in any significant cash tax or significant current financial liability or (z) impairing the liquidity of any Foreign Subsidiary in any significant respect."