Uncontrolled Cash definition
Uncontrolled Cash means all amounts from time to time on deposit in the Designated Disbursement Account.
Uncontrolled Cash means an amount equal to the lesser of (a) the sum of $5,000,000 plus all Restricted Cash then held by the Loan Parties which was received in the ordinary course of business, and (b) $15,000,000.
Uncontrolled Cash shall have the meaning provided in Section 10.9(e);
Examples of Uncontrolled Cash in a sentence
The Lead Borrower shall not, and shall not cause or permit any of its Restricted Subsidiaries to, accumulate or maintain cash (other than (i) cash that is not proceeds of any Collateral and (ii) Uncontrolled Cash) in the Excluded Accounts as of any date of determination in excess of checks outstanding against such Accounts as of the date and amounts necessary to meet minimum balance, near-term funding requirements or near-term operating requirements.
Uncontrolled Cash may be deposited into a segregated DDA which the Lead Borrower designates in writing to the Administrative Agent as being the “Uncontrolled Cash Account”.
More Definitions of Uncontrolled Cash
Uncontrolled Cash means an amount equal to the lesser of (x) the sum of $7,000,000, plus all Restricted Cash then held by Michaels Stores Card Services, LLC and Michaels Finance Company, Inc. which was received in the ordinary course of business and (y) $30,000,000.
Uncontrolled Cash means an amount equal $10,000,000.
Uncontrolled Cash means all amounts from time to time on deposit in any Designated Disbursement Account. “Undisclosed Administration” shall mean in relation to a Lender or its parent company the appointment of an administrator, provisional liquidator, conservator, receiver, trustee, custodian or other similar official by a supervisory authority or regulator under or based on the law in the country where such Lender or such parent company is subject to home jurisdiction supervision if applicable law requires that such appointment is not to be publicly disclosed. “Uniform Commercial Code” or “UCC” shall mean the Uniform Commercial Code as in effect from time and time in the State of New York or, when the laws of any other jurisdiction govern the perfection or enforcement of any Lien, the Uniform Commercial Code of such jurisdiction. “Unpaid Drawing” shall have the meaning provided in Section 3.4(a). -67-
Uncontrolled Cash set forth in Section 1.01 of the Credit Agreement is hereby amended by replacing the amount $7,500,000 with the amount $10,000,000.
Uncontrolled Cash means [an amount equal](a) so long as any amount under the ABL Term Loan remains outstanding: (i) amounts on deposit in the Loan Parties’ deposit accounts at Bank of America, N.A. ending in -22816 and -12981 (or any replacement deposit account therefor) solely in connection with gift card obligations and benefit plans which are funded by the Loan Parties (and into which the Loan Parties have deposited no other amounts) in an aggregate amount not to exceed $5,000,000, plus (ii) an additional $2,000,000, and (b) at all times thereafter, an amount equal to $10,000,000.