Net Cash Deficit definition

Net Cash Deficit for a period, means the net sum, if a negative number, of (without duplication):
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Net Cash Deficit means the amount, if any, by which the Net Cash Target is greater than the Net Cash Amount.
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Net Cash Deficit is defined in Section 1.6 to this Agreement.
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Examples of Net Cash Deficit in a sentence

  • At least five (5) business days prior to the Closing Date, Titan shall deliver, or caused to be delivered, to Acquiror a good faith estimate of the cash deficit of the Company for the month ended June 30, 2003 (the `Net Cash Deficit), with reasonable supporting documentation.

  • If there is a Net Cash Deficit attributable to the Expansion Project, the Company shall invoice each Expansion Participating Member its proportionate share of such Net Cash Deficit.

  • Acquiror shall pay to Titan an amount of the Net Cash Deficit up to Two Hundred Thousand Dollars ($200,000) at the Closing.

  • Unless otherwise agreed by all Partners, each Partner shall be invoiced by Partnership Manager for its proportionate share of the amount of any Net Cash Deficit determined in accordance with ARTICLE X., Section A.1. Each Partner shall pay to the Partnership its said proportionate share of such cash calls properly invoiced within fifteen (15) days of such invoice date or as otherwise agreed in writing by all the Partners.

  • Such retained amounts shall be referred to as “Accumulated Net Cash.” The Joint Venture shall maintain a running balance of Accumulated Net Cash, which shall not be reduced by any Quarterly Net Cash Deficit.

  • If the above calculation yields a negative cash position, the Partnership is said to have a net cash deficit ("Net Cash Deficit").

  • To the extent that Net Cash as reflected in the Net Cash Estimate is negative (a "Net Cash Deficit"), Purchaser shall reduce the Aggregate Company Consideration by the Net Cash Adjustment and shall cause the Australian Company to repay the Closing Debt immediately following the Closing.


More Definitions of Net Cash Deficit

Net Cash Deficit means the absolute amount, if any, by which the net book cash balance of the Company (on a consolidated basis) as of the Closing Date, as set forth in the Net Cash Schedule as finally determined pursuant to Section 2.4, is less than the net book cash balance of the Company (on a consolidated basis) used to calculate the Net Closing Consideration paid by Purchaser at the Closing.
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Net Cash Deficit means the negative cash position described in ARTICLE X.A.
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Related to Net Cash Deficit

  • Adjusted Capital Account Deficit means, with respect to any Member, the deficit balance, if any, in such Member’s Capital Account as of the end of the relevant Fiscal Year, after giving effect to the following adjustments:

  • Working Capital Deficit means the amount, if any, by which the Closing Working Capital is less than the Target Working Capital.

  • Principal Deficit Amount means, as of any date of determination, the excess, if any, of (i) the Series 2014-2 Invested Amount on such date (after giving effect to the distribution of the Monthly Total Principal Allocation for the Related Month if such date is a Distribution Date) over (ii) the Series 2014-2 AESOP I Operating Lease Loan Agreement Borrowing Base on such date; provided, however that the Principal Deficit Amount on any date occurring during the period commencing on and including the date of the filing by any of the Lessees of a petition for relief under Chapter 11 of the Bankruptcy Code to but excluding the date on which each of the Lessees shall have resumed making all payments of the portion of Monthly Base Rent relating to Loan Interest required to be made under the AESOP I Operating Lease, shall mean the excess, if any, of (x) the Series 2014-2 Invested Amount on such date (after giving effect to the distribution of Monthly Total Principal Allocation for the Related Month if such date is a Distribution Date) over (y) the sum of (1) the Series 2014-2 AESOP I Operating Lease Loan Agreement Borrowing Base on such date and (2) the lesser of (a) the Series 2014-2 Liquidity Amount on such date and (b) the Series 2014-2 Required Liquidity Amount on such date.

  • Net Cash means the cash proceeds (net of cash taxes paid and reasonable and customary costs paid to unrelated and unaffiliated third parties in connection with a particular transaction) arising from any Excess Cash Event.

  • Operating Deficit means, for the applicable period, insufficient funds to pay operating costs when Cash Expenses exceed Cash Receipts, as determined by the Accountant and approved by the Special Limited Partner.