Unrestricted Assets definition

Unrestricted Assets means assets that can be converted to cash.

Unrestricted Assets means the aggregate amount of Cash and Cash Equivalents held in accounts on the consolidated balance sheet of Borrower and its Consolidated Subsidiaries, to the extent that (a) the application of such Cash and Cash Equivalents to payment of the applicable Debt is not prohibited by Applicable Law or other agreement and (b) such Cash and Cash Equivalents are free and clear of all Liens (other than Liens permitted under Sections 5.14(j) and 5.14(l)).

Unrestricted Assets means assets that can be converted to cash for financial support. Unrestricted assets shall be considered in the determination of a consumer’s financial liability for services in the sliding fee calculation.

Examples of Unrestricted Assets in a sentence

• Unrestricted Assets – consist of net assets that do not meet the definition of “restricted” or invested in capital assets, net of related debt.

• Notwithstanding the terms of the Design Build Finance and Maintain Agreement and Security Documents, the Agent agrees that the Authority may exercise its rights to have transferred to it or its nominee any Unrestricted Assets following the Termination Date and the Agent will not exercise or seek to exercise any enforcement rights and shall on or before the date any Unrestricted Assets are transferred to the Authority or its nominee, as the case may be, release its security over them.

• Unrestricted Assets represent unrestricted liquid and residual assets.

• The Company shall not permit any Unrestricted Subsidiary to engage in any business other than the ownership of Capital Stock of one or more Unrestricted Subsidiaries and the ownership of Unrestricted Assets.

• Restricted and Unrestricted Assets Contributions received are recorded as increases in unrestricted, temporarily restricted, or permanently restricted net assets, depending on the existence and/or nature of any donor restrictions.

More Definitions of Unrestricted Assets

Unrestricted Assets has the meaning given to it in Schedule E to the Equity Purchase Agreement.

Unrestricted Assets means (i) the Revlon, Inc. Nonpledged Shares, (ii) Capital Stock of Unrestricted Subsidiaries and (iii) all dividends, cash and other property and proceeds (including proceeds of sale) from time to time received, receivable or otherwise distributed in respect of or in exchange for any of the foregoing.

Unrestricted Assets means the aggregate amount of Cash and Cash Equivalents held in accounts on the consolidated balance sheet of the Borrower and its Consolidated Subsidiaries.

Unrestricted Assets means (i) Withdrawn Shares, (ii) Capital Stock of Unrestricted Subsidiaries and (iii) all dividends, cash and other property and proceeds (including proceeds of sale) from time to time received, receivable or otherwise distributed in respect of or in exchange for any of the foregoing.

Unrestricted Assets means those assets as described in Schedule VI, ------------------- together with (i) any properties and assets acquired in consideration or exchange for, or with the proceeds of, the sale, lease, conveyance, disposition or other transfer of, or Recovery Event with respect to, any properties and assets described Schedule VI or the proceeds thereof, and (ii) the proceeds of the sale, lease, conveyance, disposition or other transfer of, or Recovery Event with respect to, any properties and assets described Schedule VI or described in clause (i) above.

Unrestricted Assets means those [Assets], excluding any revenues or cash balances or claims outstanding at the date of transfer under any Sub-Contract, which are required by the Authority or its nominee or any replacement of Project Co for the purposes of the construction, operation or maintenance of the Facilities following termination, assuming such construction, operation or maintenance is carried out on terms substantially the same as the terms of the Design Build Finance and Maintain Agreement.

Unrestricted Assets has the meaning given in Clause 17.2.