Remaining Cash definition

Remaining Cash means all Cash reflected on the Debtor’s balance sheet as of the Effective Date, if any, including any amount which remains undrawn under the DIP Note as of the Effective Date following payment of all accrued unpaid amounts under the Budget.

Remaining Cash shall have the meaning set forth in Section 2.7(a)(iv).

Remaining Cash means all Cash held by or for the benefit of the Estate upon the Effective Date after transferring the Creditor Trust Funds.

Examples of Remaining Cash in a sentence

• The fees and expenses of professionals retained by the Plan Administrator and the Oversight Committee on and after the Effective Date, shall be paid by the Plan Administrator from Remaining Cash and Net Proceeds upon receipt of invoice(s) therefor, or on such other terms as the Plan Administrator and the applicable professional may agree to, without the need for further Court authorization, but subject to the approval of the Oversight Committee, which approval shall not unreasonably be withheld.

• Also upon the Effective Date, all remaining undrawn amounts under the DIP Financing shall be drawn by the Debtor, and such amounts shall be included in the Consideration as Remaining Cash.

• The Plan Sponsor will pay the Consideration to the Distribution Trust or the Debtor on the Effective Date, and such amounts (together with the Remaining Cash) will be distributed in accordance with the Plan.

• The Plan Administrator and the Creditor Trustee shall obtain and maintain one or more bonds in an aggregate amount equal to one hundred and ten percent (110%) of Remaining Cash and Creditor Trust Funds.

• Unless the holder of an Allowed Administrative Claim agrees to less favorable treatment, each holder of an Allowed Administrative Claim, in full and final satisfaction release and settlement of such Allowed Claim, shall receive payment in Cash from the Remaining Cash in an amount equal to such Allowed Administrative Claim on or as soon as reasonably practicable after the later of (i) the Effective Date; or (ii) the date on which such Claim becomes Allowed or otherwise payable.

More Definitions of Remaining Cash

Remaining Cash means the amount of the Vendors’ cash on hand or on deposit at the time specified on Section 3.4, including any Estimated CCAA Completion Costs remaining after payment and satisfaction in full of the CCAA Completion Costs;

Remaining Cash means C$9,000,000 (nine million Canadian dollars).

Remaining Cash means an amount equal to the Cash of the Company as of the open of business on the Closing Date, as finally determined pursuant to the terms of this Agreement, but not including the Closing Cash Distribution Amount.

Remaining Cash means all Cash Equivalents of Sellers after payment in full of all Wind Down Expenses;

Remaining Cash means Cash in an amount equal to the Unencumbered Amount, less the First Lien Share.

Remaining Cash means cash in an amount equal to two hundred and twelve thousand five hundred and forty-six dollars ($212,546), which shall be left in the Company following the Closing to fund the payment of certain bonuses and severance amounts, as set forth on a schedule previously provided by Seller to Madden.

Remaining Cash means the net balance of Available Cash after payment of and Reserves for (i) Administrative Claims, (ii) Professional Fee Claims, (iii) Priority Tax Claims, (iv) Allowed Class 1 Secured Claims, (v) Allowed Class 2 Priority Claims, (vi) claims constituting fees and any applicable interest due and payable to the United States Trustee pursuant to 28 U.S.C.§ 1930; (vii) the Disputed Claims Reserve, and (viii) the Plan Expense Reserve.