Operating Cash. Flow: for any period, without duplication, the net income of Borrower for such period:
Operating Cash means, without duplication, (a) cash maintained in the cash registers in the Stores in the normal course of business and consistent with past practices, (b) minimum balances maintained in DDAs consistent with past practices, and (c) minimum balances maintained in Blocked Accounts consistent with past practices, provided that Operating Cash described in the foregoing clauses (b) and (c) shall not exceed $500,000 in the aggregate at any time.
Operating Cash means all teller working cash, xxxxx cash, vault cash and any other cash of HRB Bank located at the Bank Office or in the ATM, as of the close of business on the Closing Date.
Examples of Operating Cash in a sentence
Investor shall be entitled to a monthly return on the Net Operating Cash Flow of the Company or distributions upon a Liquidity Events (as those terms are defined in the Operating Agreement), pro rata to Investor’s Membership Interest.
The Excess Operating Cash of the Company shall be distributed at such times as the Manager shall determine.
Within thirty (30) days after the end of each calendar quarter or at such other times as the Manager shall determine, the Company shall distribute its Operating Cash Flow to the Class A Members in proportion to the number of Class A Shares owned by each.
The Excess Operating Cash, when so distributed, shall be distributed to the Members in the following order of priority: first, to the Original Parties, to the extent of their Preferred Returns, and the balance, if any, to all of the Members pro rata, based on their Applicable Percentages.
More Definitions of Operating Cash
Operating Cash means Parent’s operating cash and Cash Equivalents on hand for its business and operations.
Operating Cash means with respect to the Borrower, at any time, an amount equal to (a) Cash plus equivalents (including, credit card receivables) minus (b) the sum of (i) any amount accrued to pay taxes and (ii) those portions of Current Liabilities that are overdue or otherwise aged beyond thirty (30) days.
Operating Cash. Flow shall mean, with respect to Gearon, for any period: (a) net revenues of Gearon, determined in accordance with GAAP, for such period, less (b) operating expenses (inclusive of taxes and corporate overhead, selling and administrative expenses); provided, however, that such corporate overhead, selling and administrative expenses shall not include (i) non-cash operating expenses, (ii) any expense attributable to the issue of shares of Gearon Common Stock to the Gearon stockholders listed in Section 3.1(b)(i), or (iii) any expenses attributable to special cash bonuses paid to Gearon stockholders to the extent such bonuses are funded out of the sum of Net Working Capital at September 30, 1997 and cash capital contributions made to Gearon by the Gearon Stockholder subsequent to September 30, 1997. Organic Document shall mean, with respect to a Person which is a corporation, its charter, its by-laws and all shareholder agreements, voting trusts and similar arrangements applicable to any of its capital stock and, with respect to a Person which is a partnership, its agreement and certificate of partnership, any agreements among partners, and any management and similar agreements between the partnership and any general partners (or any Affiliate thereof). PBGC shall mean the Pension Benefit Guaranty Corporation and any Entity succeeding to any or all of its functions under ERISA. Permitted Liens shall mean (a) Liens for current taxes not yet due and payable, (b) such imperfections of title, easements, encumbrances and mortgages or other Liens, if any, as are not, individually or in the aggregate, substantial in character, amount or extent and do not materially detract from the value, or materially interfere with the present use, of the property subject thereto or affected thereby, or otherwise materially impair the conduct of the Gearon Business or the businesses of ATS and ATSI, as the case may be, and (c) such other Liens as are permitted by the provisions of this Agreement to be in place on the Closing Date. Person shall mean any natural individual or any Entity.
Operating Cash. Flow" in Section 1.1 of the Credit Agreement is hereby amended in full to read as follows:
Operating Cash. Flow" set forth herein.
Operating Cash means (i) all cash sitting in or still in the process of being cleared in the operating bank accounts of Bengal and its Subsidiaries that are used for the purpose of collecting and disbursing cash as part of the ongoing daily operation of the Bengal Business and form part of the daily cash concentration process pursuant to which any cash remaining at the end of each Business Day is automatically swept in the Ordinary Course to an account holding Non-Operating Cash (it being understood that such cash shall become Non-Operating Cash only if and to the extent it is so swept in the Ordinary Course or is swept cash that had been posted as collateral in respect of letters of credit) and (ii) all cash posted as collateral for lease obligations, FLA commitments, rights of way, insurance and surety deposits or any other similar such deposits posted as security for payment obligations (but excluding, for the avoidance of doubt, all cash that had been posted as collateral in respect of letters of credit).
Operating Cash means all teller working cash, petty cash, vault cash and any other cash of HRB Bank located at the BankOffice or in the ATM, as of the close of business on the Closing Date.