Initial Cash Balance definition

Initial Cash Balance means the cash and Cash Equivalents of Net Servicos and its Restricted Subsidiaries, considering as a basis, the last day of the immediately preceding fiscal year.
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Initial Cash Balance means, as at the Completion Date, the cash balance -------------------- in the Project Accounts together with the then aggregate value of all Cash Equivalent Investments.
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Initial Cash Balance means EUR 300,411,000. "Underlying" means, in respect of:
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Examples of Initial Cash Balance in a sentence

  • Initial Cash Balance Account: A Participant covered by this Special Benefit Schedule shall have no initial Cash Balance Account as of January 1, 1997.

  • No later than one (1) business day following the Commencement Date, Tenant shall deposit into the applicable Depository Account (i) an amount equal to the Initial Cash Balance and (ii) an amount (the “Inventory Allowance”) equal to the amount by which the value of the par pro shop inventory for each Property as set forth on Exhibit A (the “Par Pro Shop Inventory”) exceeds the value of pro shop inventory at the Properties as of the Commencement Date.

  • Manager agrees to use the Initial Cash Balance for Working Capital (as defined in the applicable Lease), and the Inventory Allowance for purchase of pro shop inventory with respect to the applicable Property.

  • Marketing Initial Cash Balance: $____________, which is the amount of cash sufficient to cause Marketing Initial Net Working Capital to equal Marketing Initial Target Net Working Capital.

  • To the extent practicable, the parties shall use their reasonable best efforts to take all necessary action to cause the Cash balances of Marketing and its Subsidiaries immediately prior to consummation of the Distribution to be equal to the Marketing Initial Cash Balance.

  • As of the close of business on the Distribution Date, PEI shall retain, out of the domestic and international cash bank balances and short-term investments of PEI recorded on the books of PEI (the "PEI Cash"), an amount of PEI Cash equal to the PEI Initial Cash Balance, and PriceSmart shall be allocated all other PEI Cash.

  • To the extent practicable, the parties shall use their reasonable best efforts to take all necessary action to cause the cash balances of PEI and the Retained Subsidiaries immediately prior to consummation of the Distribution to equal the PEI Initial Cash Balance.

  • Payment capacity in relation to financial commitments assumed by the Company and by its subsidiaries is measured through the debt service coverage index (DSCI) calculated as follows: (EBITDA + Initial Cash Balance – income taxes) / (Debt Amortization + Financing Interest Payment).

  • To satisfy the business needs of cash of Getty and Marketing, as of the close of business on the Distribution Date, Marketing shall be allocated, out of all cash bank balances and short-term investments of Getty and its Subsidiaries ("Cash"), an amount of Cash equal to the Marketing Initial Cash Balance and Getty shall retain all other Cash.

  • Initial Cash Balance Account: A Participant covered by this Special Benefit Schedule shall have no initial Cash Balance Account as of October 1, 1997.


More Definitions of Initial Cash Balance

Initial Cash Balance means the cash and Cash Equivalents of the Issuer and its Restricted Subsidiaries, considering as a basis, the last day of the immediately preceding fiscal year.
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Initial Cash Balance means the first $1 million in Cash available for distribution to Holders of Unsecured Claims after reservation, funding, payment or satisfaction in full of all Priority Amounts, as applicable.
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Initial Cash Balance means the cash and Cash Equivalents of Net Serviços and its Restricted Subsidiaries, considering as a basis, the last day of the immediately preceding fiscal year.
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Initial Cash Balance means an amount equal to (i) the amount of Adjusted Statutory Reserves and Other Statutory Liabilities attributable to the Insurance Contracts in force as of January 1, 1998, as determined in accordance with Applicable SAP, consistently applied, minus (ii) the aggregate market value as of ----- January 1, 1998, of the assets included in the Pool as of such date, minus ----- (iii) policy loans to contract holders under Insurance Contracts intended to be reinsured by Purchasers as of January 1, 1998, minus (iv) a receivable from Provident and Sellers equal to the index option component of reserves for those contracts described in Schedule 4.18, minus (v) the ----- Ceding Commission.
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Initial Cash Balance shall have the meaning set forth in Section 1.3(d).
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Initial Cash Balance means $3,624,721, which number shall (A) be reduced on a dollar for dollar basis by (i) the amount by which the partial fulfillment expenses of Contract DO3 is expected to be less than $2,000,000, (ii) the amount by which 50% of the Lease Termination Payment is expected to be less than $160,549, (iii) the amount by which 50% of the aggregate, combined Severance Payments is expected to be less than $732,939, and (iv) the amount by which the agreed labor contribution expense cap is less than $731,234, and (B) be increased on a dollar for dollar basis by (i) the amount by which the partial fulfillment expenses of Contract DO3 is expected to be more than
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Related to Initial Cash Balance

  • Cash Balance means, at any date of determination, the unencumbered and otherwise unrestricted cash and Cash Equivalents of the NCLC Group.

  • Minimum Cash Balance means a cash balance to be held by the Debtors on the Effective Date in an amount equal to $75 million plus any amounts received on account of GCI (as defined in the Uniti Term Sheet) reimbursements and Cash Payments (as defined in the Uniti Term Sheet) received by the Debtors on or before the Effective Date.

  • Cash Balances means cash in hand or credited to any account with a financial institution and securities which are readily convertible into cash;

  • Consolidated Cash Balance means, at any time, the aggregate amount of cash and cash equivalents, marketable securities, treasury bonds and bills, certificates of deposit, investments in money market funds and commercial paper, in each case, held or owned by, or credited to, the account of the Borrower and its Subsidiaries (including non-wholly owned Subsidiaries and Permitted J/Vs).

  • Cash Contribution Amount means the aggregate amount of cash contributions made to the capital of the Issuer or any Guarantor described in the definition of “Contribution Indebtedness.”

  • Defined Contribution Fraction means a fraction, the numerator of which is the sum of the Annual Additions to the Participant's Account under all the defined contribution plans (whether or not terminated) maintained by the Employer for the current and all prior Limitation Years (including the Annual Additions attributable to the Participant's nondeductible Voluntary Contributions to all defined benefit plans, whether or not terminated, maintained by the Employer and the Annual Additions attributable to all welfare benefit funds, as defined in section 419(e) of the Code, and individual medical benefit accounts as defined in section 415(l)(2) of the Code, and simplified employee pensions, maintained by the Employer) and the denominator of which is the sum of the Maximum Aggregate Amounts for the current and all prior Limitation Years of Service with the Employer (regardless of whether a defined contribution plan was maintained by the Employer). The Maximum Aggregate Amount in any Limitation Year is the lesser of one hundred twenty-five percent (125%) of the dollar limitation in effect under section 415(c)(1)(A) of the Code or thirty-five percent (35%) of the Participant's Compensation for such year. If the Employee was a Participant as of the end of the first day of the first Limitation Year beginning after December 31, 1986, in one or more defined contribution plans maintained by the Employer which were in existence on May 6, 1986, the numerator of this fraction will be adjusted if the sum of this fraction and the Defined Benefit Fraction would otherwise exceed one (1.0) under the terms of this Plan. Under the adjustment, an amount equal to the product of (A) the excess of the sum of the fractions over one (1.0) times (B) the denominator of this fraction, will be permanently subtracted from the numerator of this fraction. The adjustment is calculated as of the end of the last Limitation Year beginning before January 1, 1987, and disregarding any changes in the terms and conditions of the Plan made after May 5, 1986, but using the section 415 limitation applicable to the first Limitation Year beginning on or after January 1, 1987. The Annual Additions for any Limitation Year beginning before January 1, 1987 shall not be recomputed to treat all Employee contributions as Annual Additions.

  • Defined Contribution Plan Fraction means a fraction, the numerator of which is the sum of the annual additions to a Participant’s accounts under all Defined Contribution Plans maintained by one or more Affiliated Companies, and the denominator of which is the sum of the lesser of (i) or (ii) for such Plan Year and for each prior Plan Year of Service with one or more Related Companies, where (i) is the product of 1.25 multiplied by the dollar limitation in effect under Section 415(c)(1)(A) of the Code for the Plan Year (determined without regard to Section 415(c)(6) of the Code), and (ii) is the product of 1.4 multiplied by the amount which may be taken into account under Section 415(c)(1)(B) of the Code (or Section 415(c)(7) of the Code, if applicable) with respect to the Participant for the Plan Year. Solely for purposes of this definition, contributions made directly by an Employee to a Defined Benefit Plan which maintains a qualified cost-of-living arrangement as such term is defined in Section 415(k)(2) shall be treated as Annual Additions. Notwithstanding the foregoing, the numerator of the Defined Contribution Plan Fraction shall be adjusted pursuant to Treasury Regulations 1.415-7(d)(1) and Questions T-6 and T-7 of Internal Revenue Service Notice 83-10.

  • Initial Contribution means that contribution each Participant has made or agrees to make pursuant to Section 5.1.

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Excess Cash Amount means, as of any Excess Cash Measurement Date, (a) the total amount of Unrestricted Cash, less (b) the sum of (i) the applicable Minimum Cash Threshold hereto corresponding to such Excess Cash Measurement Date, (ii) the total amount of scheduled payments due by OEC and its Subsidiaries, taken as a whole, under (x) the New Notes and (y) any other Permitted Indebtedness in each case in the subsequent twelve (12) month period, (iii) projected expenses for the Issuer to conduct its operations during the subsequent twelve (12) month period, including any foreign currency conversion expenses and (iv) for any Excess Cash Measurement Date through (and including) December 31, 2024, any Fines due by OEC and its Subsidiaries for the subsequent twelve (12) month period; less (c) an amount equal to the Required Gross-Up; provided that any items already deducted from cash and short-term investments of OEC and its Subsidiaries for purposes of determining Unrestricted Cash shall not be deducted again for purposes of determining the Excess Cash Amount.

  • Contribution Date has the meaning set forth in Section 4.3 hereof.

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Initial Capital Contribution has the meaning set forth in Section 4.1.

  • Monthly Distribution Date means the "Distribution Dates" set forth under "Summary of Essential Financial Information--Estimated Distributions" in the Prospectus Part I for a Trust.

  • Estimated Closing Date Balance Sheet shall have the meaning set forth in Section 2.3(a) hereof.

  • Defined Contribution Dollar Limitation means, for any Limitation Year, $46,000, as adjusted for increases in the cost-of-living under Code section 415(d). If a short Limitation Year is created because of a Plan amendment changing the Limitation Year to a different 12-consecutive month period, the Defined Contribution Dollar Limitation for the short Limitation Year will not exceed the amount determined in the preceding sentence multiplied by a fraction, the numerator of which is the number of months in the short Limitation Year and the denominator of which is 12.

  • Company Contribution Amount means, for any one Plan Year, the amount determined in accordance with Section 3.5.

  • Cash Contribution refers to a direct payment of Contribution in Canadian currency.

  • Total Distribution Amount With respect to any Distribution Date, the sum of (i) the aggregate of the Interest Remittance Amounts for such date; (ii) the aggregate of the Principal Remittance Amounts for such date; and (iii) all Prepayment Premiums collected during the related Prepayment Period.

  • Net Cash Payments means, with respect to any Disposition, the aggregate amount of all cash payments received by the Company and its Restricted Subsidiaries directly or indirectly in connection with such Disposition, whether at the time of such Disposition or after such Disposition under deferred payment arrangements or Investments entered into or received in connection with such Disposition (including, without limitation, Disposition Investments); provided that:

  • OP Unit Economic Balance has the meaning set forth in Section 6.03(c) hereof.

  • Contribution Percentage Amounts means the sum of the Employee Contributions, Matching Contributions, and Qualified Matching Contributions (to the extent not taken into account for purposes of the ADP test) made under the Plan on behalf of the participant for the Plan Year. Such Contribution Percentage Amounts shall not include Matching Contributions that are forfeited either to correct Excess Aggregate Contributions or because the contributions to which they relate are Excess Deferrals, Excess Contributions, or Excess Aggregate Contributions. If so elected in the adoption agreement the Employer may include Qualified Nonelective Contributions in the Contribution Percentage Amounts. The Employer also may elect to use Elective Deferrals in the Contribution Percentage Amounts so long as the ADP test is met before the Elective Deferrals are used in the ACP test and continues to be met following the exclusion of those Elective Deferrals that are used to meet the ACP test.

  • Final Cash has the meaning set forth in Section 3.2(b).

  • Interim Distribution Date means the date as soon as reasonably practicable after the Plan Implementation Date;

  • Net Monthly Excess Cash Flow For any Distribution Date the amount remaining for distribution pursuant to subsection 4.02(a)(iii) (before giving effect to distributions pursuant to such subsection).

  • Group II Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Group II Principal Remittance Amount for such Distribution Date over (ii)(a) the Overcollateralization Release Amount, if any, for such Distribution Date multiplied by (b) the Group II Allocation Percentage.