Surplus Cash definition

Surplus Cash means, with respect to any period, any revenues of Borrower remaining after paying, or setting aside funds for paying, all the following:

Surplus Cash means any cash remaining after:

Surplus Cash is defined in Section 15.

Examples of Surplus Cash in a sentence

• Without limiting any provision of the Amended Regulatory Agreement, Master Xxxxxx specifically acknowledges and agrees to conform to and be bound by the limitations and controls with respect to Distribution(s) and Surplus Cash, as defined and contained in the Amended Regulatory Agreement.

• In connection with the Award, HUD requires a guaranty to promise to complete the Scope of Work as set forth in [Section 2.b of the Grant Agreement or Section 4.A of the Surplus Cash Loan Agreement] (the “Scope of Work”).

• HUD shall make and Borrower shall obtain a Surplus Cash Loan in the principal sum of_____________________________________ Dollars ($ ________), to be advanced as hereinafter provided, and to bear simple interest beginning on the date HUD approves the Completion Certification or [insert the date that is 30 months from the Effective Date], whichever occurs first, at the rate of one percent (1%) per annum.

• Guarantor further agrees that the validity of this Guaranty and the obligations of Guarantor under this Guaranty shall in no way be terminated, affected, or impaired (i) by any failure to exercise or delay in exercising any such right or remedy under the [Grant or Surplus Cash Loan] Agreement or any right or remedy under this Guaranty, or (ii) by death, insolvency or bankruptcy of Guarantor or the filing of a petition for any relief under any federal, state or local bankruptcy law by Guarantor.

• Amount Revenues Operating Expenses(1) Net Operating Income Debt Service on the Senior Note Net Operating Income/(Loss) Surplus Cash (as defined in the Subordinate Indenture) Current Interest Rate Paid Deferred Developer Fee Paid Accrual Interest Rate Accrued Accrual Interest Rate Paid The average occupancy of the Project for the fiscal year ended , was %.

More Definitions of Surplus Cash

Surplus Cash is defined herein to mean the same as that term is defined in the Regulatory Agreement between Borrower and HUD.

Surplus Cash means any Borrower’s cash remaining in Project-related accounts at the close of business on the last day of the Project’s semi-annual fiscal period, as further described in Program Obligations.

Surplus Cash has the meaning specified in the HUD Regulatory Agreement.

Surplus Cash means any cash remaining at the end of a calendar year after the payment of:

Surplus Cash means certain Project cash pursuant to the calculation set forth in Section 13.

Surplus Cash means the amount of unrestricted balance sheet cash in excess of $150 million on the Plan Effective Date as projected 30 days prior to the anticipated Plan Effective Date (in each case, estimated and calculated in a manner reasonably acceptable to the Company Parties and the Required Consenting Noteholders, including in respect of available net after-tax cash proceeds from the PNW Sale (as defined below) and less any deferred pension contribution payments, and any interest associated therewith, of the Company Parties under the CARES Act or applicable IRS/PBGC waiver, potential costs related to regulatory settlements, and other restructuring related payments due on the Plan Effective Date, including any required repayments of debt and the Incremental Payments (as defined below)); provided, the Company Parties shall use commercially reasonable best efforts to raise an $850 million Exit Facility (including seeking proposals from Consenting Noteholders), to be comprised of a revolving credit facility and/or other funded instrument, with any such proceeds expressly excluded from Surplus Cash; provided, further, that to the extent the Exit Facility commitment is below $850 million, the amount of Surplus Cash shall be reduced in an amount equal to the difference between $850 million and the actual Exit Facility commitment. Further, for the avoidance of doubt, the Exit Facilities (as defined herein) shall remain undrawn as of the Plan Effective Date (excluding any required LCs).

Surplus Cash means the lesser of (i) cash and cash equivalents of the Borrower and its Restricted Subsidiaries, on a consolidated basis, that constitute Permitted Investments and (ii) the amount by which Net Working Capital exceeds zero ($0.00).