Netted Cash definition

Netted Cash at any day, the aggregate amount of (i) domestic unrestricted cash and domestic cash equivalents of the Parent Borrower and its Domestic Subsidiaries and (ii) 100% of the aggregate amount of unrestricted cash and cash equivalents of Foreign Restricted Subsidiaries. For the avoidance of doubt, the term “cash equivalents” as set forth in this definition will be interpreted in accordance with GAAP.
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Netted Cash means, at any date of determination, the aggregate amount of all cash and Cash Equivalents that are not “restricted” in accordance with GAAP (but including the aggregate amount of cash and Cash Equivalents restricted in favor of any Debt Facilities) of the Company and its Restricted Subsidiaries as of such date.
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Netted Cash means, as of any day, the aggregate amount of (i) domestic unrestricted cash and domestic cash equivalents of the Company and its Domestic Subsidiaries in excess of $5.0 million on such day and (ii) 75% of the aggregate amount of unrestricted cash and cash equivalents of Foreign Subsidiaries in excess of $5.0 million on such day; provided that for purposes of any calculation of the Net Leverage Ratio or the Secured Net Leverage Ratio on a pro forma basis, the proceeds of any Indebtedness or Secured Indebtedness being included in the determination of the Net Leverage Ratio or the Secured Net Leverage Ratio, as applicable, solely as a result of such pro forma calculation shall not be included in determining Netted Cash as of such day. For the avoidance of doubt, the term “cash equivalents” as set forth in this definition will be interpreted in accordance with GAAP.
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Examples of Netted Cash in a sentence

  • Example 2: Two NPCs with Netted Cash Collateral A and B enter into NPC1, as described in Example 1.

  • With respect to Buyer’s acquisition of the Debtors’ and the Estates’ cash and cash equivalents upon the closing of the Sale, Buyer may elect, by written notice to the Debtors prior to such closing and in lieu of the transfer of any portion such acquired cash or cash equivalents to Buyer (such portion, the “Netted Cash”), to reduce the Closing Payment (as defined in the Asset Purchase Agreement) by the amount of such Netted Cash.


More Definitions of Netted Cash

Netted Cash at any day, the aggregate amount of (i) domestic unrestricted cash and domestic cash equivalents of the Parent Borrower and its Domestic Subsidiaries; provided that the cash proceeds of any secured or unsecured notes or other Indebtedness constituting Consolidated Indebtedness incurred in connection with the MF Acquisition held by the Parent Borrower or any of its Domestic Subsidiaries shall qualify as “domestic unrestricted cash” under this clause (i), whether or not limited in use of proceeds or held in an escrow account or pursuant to any other customary escrow arrangement and (ii) 100% of the aggregate amount of unrestricted cash and cash equivalents of Foreign Restricted Subsidiaries. For the avoidance of doubt, the term “cash equivalents” as set forth in this definition will be interpreted in accordance with GAAP.
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Netted Cash at any day, the aggregate amount of (i) domestic unrestricted and unencumbered cash and domestic Cash Equivalents of the Parent Borrower and its Domestic Subsidiaries on such day and (ii) the Dollar Equivalent of unrestricted and unencumbered cash and Cash Equivalents of Non-Domestic Subsidiaries on such day.
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Netted Cash at any day, the aggregate amount of (i) domestic unrestricted cash and domestic cash equivalents of the Parent Borrower and its Domestic Subsidiaries in excess of $5,000,000 on such day and (ii) 75% of the aggregate amount of unrestricted cash and cash equivalents of Non-Domestic Subsidiaries in excess of $5,000,000 on such day. For the avoidance of doubt, the term “cash equivalents” as set forth in this definition will be interpreted in accordance with GAAP.
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Netted Cash means unrestricted cash and Cash Equivalent Investments of Borrowers and the other Secured Loan Parties [(which shall, for the avoidance of doubt, exclude any cash or Cash Equivalents held or otherwise reserved for the payment of insurance premiums as defined by total trust liabilities on the Borrower’s balance sheet)]9 with respect to which Agent has a first priority perfected Lien and either held on deposit in an account (x) maintained with BMO or (y) subject to a Control Agreement, after the lapse of the post-closing period provided for in Section 6.10; 9 NTD: subject to ongoing review. provided that, in no event shall the aggregate amount of Netted Cash exceed the greater of (i) $[21,000,000] and (ii) 100.0% of TTM Adjusted EBITDA. Notwithstanding anything to the contrary contained herein, the proceeds of any Delayed Draw Term Loans and Incremental Loans shall not be included in the calculation of Netted Cash for the purpose of calculating the Total Net Debt to EBITDA Ratio to determine whether such Loans may be incurred.
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Netted Cash means, at any date of determination, the aggregate amount of all unrestricted cash and Cash Equivalents of the Company and its Restricted Subsidiaries. “Non-Guarantor Subsidiary” means any Restricted Subsidiary that is not a Guarantor. “Non-Recourse Debt” means Indebtedness of a Person: (1) as to which neither the Company nor any Restricted Subsidiary (a) provides any Guarantee or credit support of any kind (including any undertaking, Guarantee, indemnity, agreement or instrument that would constitute Indebtedness) or (b) is directly or indirectly liable (as a guarantor or otherwise); (2) no default with respect to which (including any rights that the holders thereof may have to take enforcement action against an Unrestricted Subsidiary) would permit (upon notice, lapse of time or both) any holder of any other Indebtedness of the Company or any Restricted Subsidiary to declare a default under such other Indebtedness or cause the payment thereof to be accelerated or payable prior to its Stated Maturity; and (3) the explicit terms of which provide there is no recourse against any of the assets of the Company or its Restricted Subsidiaries, except that Standard Securitization Undertakings shall not be considered recourse. “Note Guarantee” means, individually, any Guarantee of payment of the Notes and the Company’s other Obligations under this Indenture by a Guarantor pursuant to the terms of this Indenture and any supplemental indenture thereto, and, collectively, all such Guarantees. “Notes” means the Initial Notes and more particularly means any Note authenticated and delivered under this Indenture. For all purposes of this Indenture, the term “Notes” shall also include any Additional Notes that may be issued under a supplemental indenture and Notes to be issued or authenticated upon transfer, replacement or exchange of Notes. “Obligations” means any principal, interest (including any interest accruing subsequent to the filing of a petition in bankruptcy, reorganization or similar proceeding at the rate provided for in the documentation with respect thereto, whether or not such interest is an allowed claim under applicable state, federal or foreign law), other monetary obligations, penalties, fees, indemnifications, reimbursements (including reimbursement obligations with respect to letters of credit and banker’s -21-
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Related to Netted Cash

  • Adjusted Cash Flow for any fiscal year shall mean Consolidated Net Income of the Borrower for such fiscal year (after provision for taxes) plus the amount of all net non-cash charges (including, without limitation, depreciation, deferred tax expense, non-cash interest expense, amortization and other non-cash charges) that were deducted in arriving at such Consolidated Net Income for such fiscal year, minus the amount of all non-cash gains and gains from sales of assets (other than sales of inventory and equipment in the normal course of business) that were added in arriving at such Consolidated Net Income for such fiscal year.

  • Estimated Cash has the meaning set forth in Section 2.4(a).

  • Consolidated Cash Flow means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication:

  • Consolidated Cash Interest Expense means, for any period, Consolidated Interest Expense for such period excluding, however, any interest expense not payable in Cash (including amortization of discount and amortization of debt issuance costs).

  • Restricted Cash means cash and cash equivalents, within the meaning of the AAS, that are not available for use other than for a purpose for which it is restricted, and includes cash to be used to fund capital works expenditure from the previous financial year

  • Consolidated Cash Interest Charges means, for any period, the total interest expense of Holdings and its Restricted Subsidiaries for such period determined on a consolidated basis net of any interest income, which shall be determined on a cash basis only and solely in respect of Indebtedness of the type described in the definition of “Consolidated Total Debt” and excluding, for the avoidance of doubt, (i) any non-cash interest expense and any capitalized interest, whether paid or accrued, (ii) the amortization of original issue discount resulting from the issuance of Indebtedness at less than par, (iii) amortization of deferred financing costs, debt issuance costs, commissions, fees and expenses (including agency costs, amendment, consent or other front end, one-off or similar non-recurring fees), (iv) any expenses resulting from discounting of indebtedness in connection with the application of recapitalization accounting or purchase accounting, (v) penalties or interest related to taxes and any other amounts of non-cash interest resulting from the effects of acquisition method accounting or pushdown accounting, (vi) the accretion or accrual of, or accrued interest on, discounted liabilities (other than Indebtedness) during such period, (vii) non-cash interest expense attributable to the movement of the mark-to-market valuation of obligations under hedging agreements or other derivative instruments pursuant to FASB Accounting Standards Codification No. 815-Derivatives and Hedging, (viii) any one-time cash costs associated with breakage in respect of Swap Agreements for interest rates, (ix) any payments with respect to make whole premiums, commissions or other breakage costs of any Indebtedness, (x) all non-recurring interest expense consisting of liquidated damages for failure to timely comply with registration rights obligations, all as calculated on a consolidated basis in accordance with GAAP, (xi) any amounts payable under Section 2.12(a) payable on or before the Closing Date, including any underwriting fees or original issue discount paid in connection with the Transactions and any agency fees payable to the Administrative Agents in connection with the Loan Documents, and (xii) any bridge, arrangement, structuring, commitment or other financing fees or expenses (but for the avoidance of doubt, not including any interest expenses), including in connection with the Transactions, any Permitted Acquisition or any other Investments or in connection with any amendment or waiver with respect to any outstanding Indebtedness or any expenses incurred in connection with any Indebtedness the proceeds of which are applied to fund any Permitted Acquisition or other Investment.

  • Adjusted Revenue means revenue less Digital Platform Fulfilment Revenue.

  • Adjusted gross proceeds means gross proceeds less cash prizes, cost of

  • Quarterly Excess Available Funds Percentage means, with respect to the March 2008 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Available Equity Amount means a cumulative amount equal to (without duplication):

  • Total adjusted capital means the sum of:

  • Retained Excess Cash Flow Amount means, at any date of determination, an amount, determined on a cumulative basis, that is equal to the aggregate cumulative sum of the Excess Cash Flow that is not required to be applied as a mandatory prepayment under Section 2.11(b)(i) for all Excess Cash Flow Periods ending after the Closing Date and prior to such date; provided that such amount shall not be less than zero for any Excess Cash Flow Period.

  • Adjusted EBITDA Margin means Adjusted EBITDA divided by operating revenue;