Invested Cash definition
Examples of Invested Cash in a sentence
In no event shall any Company withdraw any Invested Cash if, after giving effect to any such withdrawal, an Overadvance would exist.
No Operating Credit Advances shall be made in respect of any of the CNPLP’s Operating Requirements that the CNPLP pays to the Limited Partnership in accordance with Subsection 5.4 of the JKDA (in which event such amounts shall form part of the CNPLP’s Invested Cash).
In addition, and as described in more detail in Section 3.1 of this Agreement, we have the right to collect or otherwise receive as an additional fee any interest or other income earned or generated from the pooled trust account and any Un- Invested Cash Funds (as defined in Section 3.1 of this Agreement), and to be reimbursed for all expenses, including legal expenses, we incur in connection with the administration of your account.
On each Borrowing Date and with respect to the making of Loans and the issuance of Letters of Credit, the Invested Cash plus the Marketable Securities of the Borrower and its Subsidiaries (other than any Receivables Subsidiary) on a Consolidated basis in accordance with GAAP shall be less than (i) for the period beginning on the Effective Date and ending 91 days thereafter, $25,000,000, and (ii) for the period beginning 92 days after the Effective Date and thereafter, $50,000,000.
We shall be entitled to retain and have paid to us as a fee any interest or other income earned or otherwise generated from the Un- Invested Cash Funds deposited in such accounts, including any amounts paid to us by financial institutions at the time we deposit the Un- Invested Cash Funds.
The Borrower and its Subsidiaries (other than any Receivables Subsidiary) shall have deposited (i) all of their Invested Cash in the Cash Collateral Account, and (ii) all of their Marketable Securities with Bear, Stea▇▇▇ & ▇o.
You acknowledge and agree that Un-Invested Cash Funds from your account may be pooled with Un- Invested Cash Funds from other accounts.
No Operating Credit Advances shall be made in respect of any of the YFFNLP’s Operating Requirements that the YFFNLP pays to the Limited Partnership in accordance with Subsection 5.4 of the JKDA (in which event such amounts shall form part of the YFFNLP’s Invested Cash).
At any time when the Invested Cash and Marketable Securities of the Borrower and its Subsidiaries (other than any Receivables Subsidiary) on a Consolidated basis in accordance with GAAP exceed (i) for the period beginning on the Effective Date and ending 91 days thereafter, $25,000,000, and (ii) for the period beginning 92 days after the Effective Date and thereafter, $50,000,000, the Borrower shall immediately repay any outstanding Loans in an amount equal to such excess.
The purchase price for all of FLCNKII’s Units which are to be sold by FLCNKII, and purchased by Hydro pursuant to the exercise by FLCNKII of the Final Closing Sale Right shall be an amount equal to the sum of (a) and (b), where (a) is the aggregate of the FLCNKII Total Outstandings under the Credit Facilities plus all other amounts whatsoever owing by FLCNKII to Hydro under the FLCNKII Loan Documents, as of the closing date of the Sale and (b) is FLCNKII’s Invested Cash as of the closing date of the Sale.