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
On each Business Day, the Administrative Agent shall calculate the Net Cash Position.
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.
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.
As of the 30th of September, 2016, Net Cash Position was € 489 million.
Vivendi ensured that the recoverable amount of CGU or groups of CGU tested exceeded their carrying value (including goodwill).As of December 31, 2021, Vivendi’s liquidity improved by €5,301 million, up from a Financial Net Debt of €4,953 million as of December 31, 2020 to a Net Cash Position of €348 million as of December 31, 2021.
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).
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 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 unrestricted cash minus the Cash Peg minus Funded Debt, but in no event less than zero.
Net Cash Position. As at 30th April 2005, the aggregate consolidated amount of the cash (disponibilités) and cash equivalents and short term securities (valeurs mobilières de placement) of the Group Companies as at 30th April 2005 together with any interests and/or latent capital gains accrued thereon as at 30th April 2005 but not accounted for as at 30th April 2005, provided, however, that all checks signed by the Group Companies but not yet cleared by any of the Group Companies’ banks on 30th April 2005 and all bank transfers ordered by the Group Companies but not debited from the Group Companies’ bank accounts as at 30th April 2005 shall be deducted, whilst all checks received by the Group Companies but not yet credited on 30th April 2005 and all bank transfers ordered by a third party but not yet credited to the Group Companies accounts shall be added.
Net Cash Position means the sum of: (a) the cash and Cash Equivalents of the Credit Parties on deposit at SVB and its Affiliates or subject to Control Agreements in favor of Bank, minus (b) the aggregate principal amount of the outstanding Advances under the Revolving Facility.