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.
Net Cash Position shall have the meaning set forth in the Services Agreement.
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.
Examples of Net Cash Position in a sentence
The documentation utilized and the process through which PwC analyzed the investor’s Net Cash Position is outlined in Section 5.3 “Special Purpose Entity Analysis Overview” and Exhibit 37.
For a reconciliation of Net Cash Position to Cash and Cash Equivalents, see the Unaudited Reconciliation of Cash and Cash Equivalents to Net Cash Position and Net Cash Available at the end of this release.
The effects of subsequent events that provide evidence about conditions that existed at the Statement of Net Cash Position date are recognized in the accompanying financial statements.
KIPP LA requires that schools ardently believe in and integrate KIPP’s “Five Pillars”, which are discussed below, and KIPP LA’s mission and values into their school culture and design.
Events that occur after the Statement of Net Cash Position date but before the financial statements are available to be issued must be evaluated for recognition or disclosure.
More Definitions of Net Cash Position
Net Cash Position means the difference between (i) the sum of the cash (not including any restricted cash or cash received, if applicable, as consideration for the Sale of Tolukuma), short term investments (not including, if applicable, the value of any securities issued, transferred, or to be issued or transferred to Emperor as consideration for the Sale of Tolukuma) and short term accounts receivable (excluding any associated with Tolukuma), and (ii) the sum of bank indebtedness, current liabilities (excluding up to $4,000,000 of any current liabilities associated with Tolukuma), in each case as determined in accordance with International Financial Reporting Standards, applied using the same accounting methods, practices, principles, policies and procedures, with consistent classifications that were used in the preparation of the most recent audited financial statements of Emperor.
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.
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.
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.
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).
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.
Net Cash Position means, (i) the sum of the following line items in the Company's balance sheet: valeurs mobilieres de placement, creances (clients et comptes rattaches), creances (autres creances) et disponibilites, minus (ii) the total Dettes set forth in the Company's balance sheet (not including dettes fiscales et sociales);