Net Cash Position definition

Net Cash Position means on any day, with respect to the Operating Account, a sum equal to the opening available balance in the Operating Account, plus any maturing investment principal and interest credited to the Operating Account, minus the daily presentment of checks and Operating Account holds, minus any floor balance which has been established to cover bank charges, minus any maturing interest debited to the Operating Account, in each case for such day.
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Net Cash Position shall have the meaning set forth in the Services Agreement.
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Net Cash Position means an amount equal to the Cash and Cash Equivalents less the aggregate gross interest bearing debt of the Group on a consolidated basis according to the annual audited financial statements for the previous financial year.
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Examples of Net Cash Position in a sentence

  • On each Business Day, the Administrative Agent shall calculate the Net Cash Position.

  • Upon completion of the Closing Date Financial Statements, Philips shall derive from the Closing Date Net Cash Statement the Net Cash Position as of the Closing Date (the “Closing Date Net Cash Position”) and from the Closing Date Net Working Capital Statement the Net Working Capital as of the Closing Date (the “Closing Date Net Working Capital”) and deliver each such statement along with such amounts to Newco.

  • The excess, if any, of the 1998 Gross Cash over the 1998 Cash Disbursements shall be the "1998 Net Cash Position".

  • For purposes of calculating the Closing Date Net Cash Position and the Closing Date Net Working Capital, any amounts in currencies other than Euros shall be translated into Euros using the applicable exchange rates prevailing on the Closing Date.

  • The amount of any Taxes allocable to the Pre-Closing Period (consistent with Section 10.4) in excess of the Taxes reserved therefor on the Closing Balance Sheet and resulting in a decrease in the amount of Closing Date Net Cash Position shall be deemed to be an indemnification obligation under Section 12, and it shall not be subject to dispute by any Indemnifying Party under Section 12 or related provisions of the Escrow Agreement.


More Definitions of Net Cash Position

Net Cash Position means, as of any date, an amount equal to the sum of the cash and debt items of the Company or any Company Subsidiary, calculated on a consolidated basis, to the extent such items are included in the line items set out in the form of the Net Cash Statement, attached hereto as Schedule 2.7(a)(i).
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Net Cash Position means the amount of cumulative ISA Funds received by an ISA from the Trustee, plus any portion thereof returned to the ISA by grantees or otherwise, less cumulative disbursements and use thereof by the ISA, less any portion thereof returned to the Trustee by the ISA.
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Net Cash Position means an amount equal to the Cash and Cash Equivalents of the Group, less any amount drawn under the Permitted Credit Facility, on a consolidated basis in accordance with the Accounting Principles, calculated as per a testing date determined by the Issuer, falling no more than one month prior to the payment of the relevant Restricted Payment.
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Net Cash Position means (i) the sum of the Company’s (x) “cash and cash equivalents,” (y) “investment in marketable securities – current,” and (z) “investment in marketable securities – long term,” less (ii) the sum of (x) the Company’s “current portion long-term debt” and (y) the Company’s “long term debt,” all as determined in accordance with GAAP.
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Net Cash Position means, at any time of determination, (A) Borrower’s Unrestricted Cash l ess (B) Tested Debt.
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Net Cash Position shall have the meaning set forth in Wachovia’s Services Agreement.
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Net Cash Position means, as of any date, cash and cash equivalents of Infologix on such date (specifically excluding any deposit accounts, certificates of deposit or other similar items maintained with a financial institution other than Bank unless Bank has received a satisfactory control agreement with respect to such account or otherwise obtained a first priority perfected security interest in such account or certificate of deposit), minus outstanding Line Advances on such date.
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