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, 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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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.

  • 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.

  • Excess Unrestricted Cash Offer............................................66 Section 4.13.


More Definitions of Excess Unrestricted Cash

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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Related to Excess Unrestricted Cash

  • Unrestricted Cash The meaning of “Unrestricted Cash” or any comparable definition in the Underlying Instruments for each Loan, and in any case that “Unrestricted Cash” or such comparable definition is not defined in such Underlying Instruments, all cash available for use for general corporate purposes and not held in any reserve account or legally or contractually restricted for any particular purposes or subject to any lien (other than blanket liens permitted under or granted in accordance with such Underlying Instruments), as reflected on the most recent financial statements of the relevant Obligor that have been delivered to the Borrower.

  • 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, within the meaning of the AAS, that are not available for use other than for a purpose for which it is restricted, and includes cash to be used to fund capital works expenditure from the previous financial year

  • Adjusted Consolidated EBITDA means, for any Computation Period, Consolidated EBITDA for such Computation Period adjusted by giving effect on a pro forma basis to Acquisitions and dispositions completed during such Computation Period.

  • Qualified Cash means, as of any date of determination, the amount of unrestricted cash and Cash Equivalents of Borrowers and their Subsidiaries that is in Deposit Accounts or in Securities Accounts, or any combination thereof, and which such Deposit Account or Securities Account is the subject of a Control Agreement and is maintained by a branch office of the bank or securities intermediary located within the United States.

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