Net Cash Balance definition

Net Cash Balance means, at any date, the difference between (i) aggregate amount of all cash and Cash Equivalents and Short and Long Term Investments reflected on the Company's balance sheet as at such date, minus (ii) the unpaid principal balance of the Permitted Indebtedness (not including amounts owed under the Notes and any accounts payable) on such date.

Net Cash Balance means, at any time, the (a) sum of all Cash and Cash Equivalents held by Credit Parties minus (b) the sum of the aggregate principal amount of loans outstanding under the Revolving Credit Facility plus the aggregate maximum amount which may be drawn under all letters of credit issued under the Revolving Credit Facility.

Net Cash Balance means, at any date, (i) an amount equal to the aggregate amount of cash, cash equivalents (including cash collateralizing the Letter of Credit and not including other restricted cash) and marketable securities, consisting of corporate bonds, commercial paper and medium-term notes, as shown or reflected in the notes to the Company’s consolidated balance sheet as at such date minus (ii) the unpaid principal balance of any Indebtedness for borrowed money (excluding Indebtedness under the Notes and accounts payable).

Examples of Net Cash Balance in a sentence

• Promptly after any date on which the Net Cash Balance Test is not satisfied (a "Failure Date"), and to the extent such failure constitutes non-public material information the Company shall publicly disclose (on a Current Report on Form 6-K or otherwise) such material non-public information and provide to the Holder a certification as to the amount of the Net Cash Balance as of the Failure Date.

• On the Announcement Date, the Company shall also provide to the Holders a certification, executed on behalf of the Company by the Chief Financial Officer of the Company, certifying that the Company satisfied the EBITDA Test and/or the Net Cash Balance Test, as applicable, at all times throughout such Fiscal Quarter.

• The Company shall maintain a Net Cash Balance in excess of the applicable Reserved Amount (the “Net Cash Balance Test”).

• In the event that the Audited Closing Net Cash Balance will be the basis for an adjustment in the number of Aggregate Base Consideration Shares pursuant to Section 3.7(e), then a copy of the Audited Signing Balance Sheet, the Audited Closing Balance Sheet, the Audited Signing Net Cash Balance and the Audited Closing Net Cash Balance shall be made available to the Stockholders' Representatives.

• The Adjustment Amount Statement shall (i) with respect to the Net Cash Balance calculation and the Net Working Capital Shortfall calculation, be prepared in accordance with U.S. GAAP applied on a basis consistent with the preparation of the Financial Statements and (ii) be certified by a financial officer of the Company.

More Definitions of Net Cash Balance

Net Cash Balance means, with respect to any specified Person for any fiscal period end, the amount of cash and cash equivalents set forth on such Person’s balance sheet as of such period end minus the amount of funded Indebtedness of such Person outstanding under any secured revolving credit facilities.

Net Cash Balance means, at any time, the total cash balance (including cash, Cash Equivalents and restricted cash) of the Borrower and its Subsidiaries at such time, less their respective outstanding checks and drafts, wire transfer instructions and similar payment directions that have not, at such time, cleared the respective accounts of the Borrower and its Subsidiaries.

Net Cash Balance. , on any date, means the cash balance in the bank accounts of Tower (on a Tower only, unconsolidated, basis) on such date, less outstanding payments to the Banks and to third parties which have fallen due prior to or on such date, exclusive of any payment of interest or payment of principal (other than a mandatory prepayment under clause 8 of the Facility Agreement) by Tower to the Banks under the Facility Agreement. Any such interest or principal payments (other than a mandatory prepayment under clause 8 of the Facility Agreement) actually made by Tower to the Banks after the date hereof under the Facility Agreement but prior to the date of calculation of the Net Cash Balance, shall be deemed to be part of the cash balance.

Net Cash Balance means (a) the sum of (i) cash, cash equivalents and marketable securities (with maturities less than 180 days) and (ii) Included Additional Assets, MINUS (b) all Indebtedness other than Excluded Indebtedness.

Net Cash Balance means the aggregate amount for the Company on a consolidated basis as of the Closing Date, of (i) Cash, minus (ii) Restricted Cash (solely to the extent included in the calculation of Cash), minus (iii) Indebtedness, minus (iv) any Company Transaction Expenses to be paid pursuant to Section 6.7.

Net Cash Balance means the difference between the aggregate amount of loans, advances or other disbursements of cash or cash equivalents made by Seller to the Automotive Filter Companies between December 31, 1998 and the Closing Date and the aggregate amount of the repayments, withdrawals, dividends, loans advances or other disbursements of cash made by the Automotive Filter Companies to Seller between December 31, 1998 and the Closing Date. Notwithstanding the foregoing, the transfers of any real property, personal property or other tangible or intangible assets contemplated by Section 1.01 shall not be deemed or construed to have any effect on the calculation of the Net Cash Balance whatsoever, except to the extent that such transfers result in an increase or decrease in the cash of the Automotive Filter Companies. If the aggregate amount of loans, advances or other disbursements of cash made by Seller to the Automotive Filter Companies between December 31, 1998 and the Closing Date: (i) exceeds the aggregate amount of repayments, withdrawals, dividends, loans, advances or other disbursements of cash made by the Automotive Filter Companies to Seller during such period, the Net Cash Balance shall be a positive number and, as provided in Section 2.04 below, shall operate to increase the amount of cash otherwise payable to Seller at the Closing; or (ii) is less than the aggregate amount of repayments, withdrawals, dividends, loans, advances or other disbursements of cash made by the Automotive Filter Companies to Seller during such period, the Net Cash Balance shall be a negative number and, as provided in Section 2.04 below, shall operate to decrease the amount of cash otherwise payable to Seller at the Closing; and

Net Cash Balance means, at any date, (i) an amount equal to the aggregate amount of cash, cash equivalents (but not including any restricted cash) and marketable securities, consisting of corporate bonds, commercial paper and medium-term notes, as shown or reflected in the notes to the Company’s consolidated balance sheet as at such date minus (ii) all Indebtedness of the Company and its Subsidiaries (including, for purposes of this clause (ii), trade payables but excluding, for purposes of this clause (ii), Indebtedness under the Notes).