Excess Unrestricted Cash definition

Excess Unrestricted Cash means, as of any date of calculation, the difference between (x) the aggregate amount of unrestricted cash and Cash Equivalents held by Borrower and its Subsidiaries in excess of $25,000,000, less (y) the aggregate principal amount of all Short-Term Unsecured Indebtedness; provided, however, that in no event shall Excess Unrestricted Cash be less than zero.
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Excess Unrestricted Cash means, (i) if Liquidity is equal to or greater than $50,000,000, an amount equal to the difference between the amount of Liquidity as of such date of determination and $15,000,000 and (ii) if Liquidity is less than $50,000,000, zero.
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Excess Unrestricted Cash means, (i) if Liquidity is equal to or greater than $25,000,000, an amount equal to the difference between the amount of Liquidity as of such date of determination and $10,000,000 and (ii) if Liquidity is less than $25,000,000, zero.
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Examples of Excess Unrestricted Cash in a sentence

  • The Issuer will comply with the requirements of Rule l4e-1 under the Exchange Act and any other applicable laws and regulations to the extent such laws and regulations are applicable in connection with the repurchase of the Notes as a result of the Excess Unrestricted Cash Offer.

  • The Issuer will notify the Trustee and will instruct the Trustee to notify the holders of the results of the Excess Unrestricted Cash Offer on or as soon as practicable after the Excess Unrestricted Cash Offer payment date.

  • Third, several journals that have published a number of papers on the evaluations of R&D programs were searched manually; the Contents for these journals were reviewed for all available issues dating back to the 1980s.

  • If the aggregate principal amount of Notes tendered into such Excess Unrestricted Cash Offer exceeds $15.0 million, the Trustee will select the Notes to be purchased on a pro rata basis.

  • If any Unrestricted Cash remains after consummation of the Excess Unrestricted Cash Offer, the Issuer may use such Unrestricted Cash for any purpose not otherwise prohibited by the Indenture.


More Definitions of Excess Unrestricted Cash

Excess Unrestricted Cash means, at any time, an amount equal to the excess, if any, of (a) the total cash of the Borrower Group, other than VPD, at such time determined on a consolidated basis in accordance with GAAP to the extent that neither the Borrower nor any other member of the Borrower Group is subject to any restriction on the use of such cash, minus (b) $25,000,000.
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Excess Unrestricted Cash means, at any time, an amount equal to the excess, if any, of (a) the total cash of the Borrower and the Subsidiary Guarantors at such time determined on a consolidated basis in accordance with GAAP to the extent that (i) neither the Borrower nor any Subsidiary Guarantor is subject to any restriction on the use of such cash, and (ii) such cash is subject to the lien created by the Security Documents and such lien is perfected in accordance with, and has the priority required by, the Security Documents, minus (b) $25,000,000.
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Related to Excess Unrestricted Cash

  • Unrestricted Cash means cash or cash equivalents of the Borrower or any of its Subsidiaries that would not appear as “restricted” on a consolidated balance sheet of the Borrower or any of its Subsidiaries.

  • Unrestricted Cash and Cash Equivalents means, with respect to any Person, cash and Cash Equivalents of such Person that are free and clear of all Liens and not subject to any restrictions on the use thereof to pay Indebtedness and other obligations of such Person.

  • Restricted Cash means cash and Cash Equivalents held by Restricted Subsidiaries that is contractually restricted from being distributed to the Borrower.

  • Adjusted Consolidated EBITDA means, with respect to the Borrower and the Subsidiaries on a consolidated basis for any period, the Consolidated Net Income of the Borrower and the Subsidiaries for such period plus

  • Consolidated Cash Flow Available for Fixed Charges means, with respect to any Person for any period:

  • Consolidated Cash Flow means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication:

  • Total Net Leverage Ratio means, as of any date of determination, the ratio, on a Pro Forma Basis, of (a) Consolidated Total Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period.

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.