System Cash definition

System Cash means any cash of the Borrower and its Subsidiaries (other than the Receivables Subsidiary, provided that any cash of the Receivables Subsidiary that is distributed or otherwise paid to the Borrower or any of its other Subsidiaries shall constitute System Cash upon receipt by the Borrower or any such other Subsidiary) not deposited in the Cash Collateral Account, excluding (i) any cash deposited in Payroll Accounts in amounts not exceeding the amounts calculated by the Borrower to be reasonably sufficient to fund the next payroll and related benefit costs and remit withholding and other payroll taxes and related costs of the Borrower and its Subsidiaries, (ii) any cash deposited in ▇▇▇▇▇ Cash Accounts, (iii) any cash deposited in Disbursement Account No. 1 in amounts calculated by the Borrower to be reasonably sufficient to cover checks drawn on and presented for payment against Disbursement Account No. 1 and transfers of funds (including ACH and wire transfers) out of Disbursement Account No. 1, in either case for the payment when due of costs, expenditures and obligations of the Borrower and its Subsidiaries permitted by this Agreement, and (iv) any cash deposited in Disbursement Account No. 2 for the payment when due of costs, expenditures and obligations of the Borrower and its Subsidiaries permitted by this Agreement, provided that cash in Disbursement Account No. 2 shall not exceed $1,000,000 at any time.
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System Cash any cash of the Borrower and its Subsidiaries not deposited in the Cash Collateral Account, excluding (i) any cash deposited in Payroll Accounts in amounts not exceeding the amounts calculated by the Borrower to be reasonably sufficient to fund the next payroll and related benefit costs and remit withholding and other payroll taxes and related costs of the Borrower and its Subsidiaries, (ii) any cash deposited in Petty Cash Accounts, (iii) any cash deposited in Disbursement Accou▇▇ ▇▇. 1 in amounts calculated by the Borrower to be reasonably sufficient to cover checks drawn on and presented for payment against Disbursement Account No. 1 and transfers of funds (including ACH and wire transfers) out of Disbursement Account No. 1, in either case for the payment when due of costs, expenditures and obligations of the Borrower and its Subsidiaries permitted by the 2003 Credit Agreement, and (iv) any cash deposited in Disbursement Account No. 2 for the payment when due of costs, expenditures and obligations of the Borrower and its Subsidiaries permitted by the 2003 Credit Agreement, provided that cash in Disbursement Account No. 2 shall not exceed $1,000,000 at any time.
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System Cash means the amount of Cash customarily maintained on hand in the Stores owned by the Company and the Subsidiaries to enable such Stores to make change and otherwise operate in the ordinary course of business, consistent with their past custom and practice, which amount customarily fluctuates between approximately $500,000 and $600,000.
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Examples of System Cash in a sentence

  • CalSTRS (California State Teachers’ Retirement System) Cash Balance Plan (Defined Contribution Plan), CalSTRS Defined Benefit Plan, Or Social Security 214 18L.

  • Evidence, that as of the Effective Date ------------------------- and after giving effect to the Lower Delaware Acquisition, based on the three- month period ended May 31, 1997, the product of (i) such Adjusted System Cash Flow times (ii) four is at least equal to $10,800,000 (or, if the Sea Colony ----- Consent (as defined in the Lower Delaware Acquisition Agreement) has not been obtained, at least equal to $10,600,000).

  • At 10:00 a.m. on the Closing Date Dallas, Texas time, all instruments and payments held in escrow shall be distributed and disbursed to Buyer by wire transfer, and Buyer shall make the System Cash Payment or System Cash Payments, as applicable, to Seller by wire transfer of immediately available funds, and the applicable Closing shall be consummated.

  • Broadwing Services LLC Broadwing Logistics LLC Schedule 5.01(r) to the Credit Agreement Description of Centralized BRW Cash Management System: Cash Management Procedures and Intercompany Lending BRW and its Subsidiaries (including, for all purposes of this Schedule 5.01(r), BCI and its Subsidiaries) each maintain a cash concentration account at PNC Bank, N.A., in Cincinnati, Ohio.

  • The Final Adjustment Amount in respect of each System Cash Payment shall be calculated in a manner consistent with the Pro Forma Working Capital Statement as set forth on Schedule 5.5(ii).

  • Each of Seller and Buyer shall provide the other Party with access during normal business hours to any books, records, working papers or other information in its possession after each Closing Time reasonably necessary or useful in the preparation of the Final Statement and the calculation of the Final Adjustment Amount for the applicable System Cash Payment.

  • The Parties acknowledge and agree that the sale and transfer of each System, and the payment of the related System Cash Payment, shall be independent of the sale and transfer of the other System and its related System Cash Payment.

  • For purposes of this Agreement, "Protected Activity" means filing a charge or complaint with, or otherwise communicating or cooperating with or participating in any investigation or proceeding that may be conducted by any federal, state or local government agency or commission, including the Securities and Exchange Commission, the Equal Employment Opportunity Commission, the Occupational Safety and Health Administration, and the National Labor Relations Board ("Government Agencies").

  • The applicable System Cash Payment or System Cash Payments as specified in Section 4.2(b) and/or (c) hereof shall be delivered at the applicable Closing.

  • All of the cash reserves attributable to the Collection System ("Cash Reserves"), as determined below.


More Definitions of System Cash

System Cash any cash of the Borrower and its Subsidiaries (other than BMCA Receivables, provided that any cash of BMCA Receivables that is distributed or otherwise paid to the Borrower or any of its other Subsidiaries shall constitute System Cash upon receipt by the Borrower or any such other Subsidiary) not deposited in the Cash Collateral Account, excluding (i) any cash deposited in Payroll Accounts in amounts not exceeding the amounts calculated by the Borrower to be reasonably sufficient to fund the next payroll and related benefit costs and remit withholding and other payroll taxes and related costs of the Borrower and its Subsidiaries, (ii) any cash deposited in Pett▇ ▇▇▇h Accounts, (iii) any cash deposited in Disbursement Account No. 1 in amounts calculated by the Borrower to be reasonably sufficient to cover checks drawn on
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System Cash means the aggregate amount of items listed under the heading “System Cash” on Section A of the Seller’s Disclosure Schedule in such jurisdictions and in such amounts set forth therein, and “Trapped Cash” means all cash in Egypt or Venezuela and such other jurisdictions that Buyer determines in good faith imposes or results in restrictions or limitations under applicable Law on repatriation to the United States or Netherlands within 30 days. Notwithstanding the foregoing, if between the date hereof and the Closing Date, Buyer requests that SEE leave any amount of Cash Equivalents in any jurisdiction in excess of the amount of System Cash required Annex 1 - 5 805351.02-WILSR01A - MSW to be left in such jurisdiction, and SEE agrees to do so, then such excess amount of Cash Equivalents shall be included in the definition of Cash Equivalents (and shall not be Trapped Cash) for all purposes of this Agreement, regardless of the effects of any restrictions on the distribution or repatriation of such amount.
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Related to System Cash

  • Continuous monitoring system means the total equipment, required under the emission monitoring section in applicable subsections used to sample and condition (if applicable), to analyze, and to provide a permanent record of emissions or process parameters.

  • Umbrella Cash Account means (a) a cash account designated in a particular currency opened

  • Distribution System Code means the code approved by the Board which, among other things, establishes the obligations of the distributor with respect to the services and terms of service to be offered to customers and retailers and provides minimum, technical operating standards of distribution systems;

  • Earned value management system means an earned value management system that complies with the earned value management system guidelines in the ANSI/EIA-748.

  • Disposable earnings means that part of the earnings of an