Unrestricted Cash and Investments means all Cash and balance sheet investments owned by the Debtors as of the date that is immediately prior to the Effective Date, inclusive of the proceeds of the sale of Scouting University and the Warehouse and Distribution Center, if the sale of the Warehouse and Distribution Center is closed prior to the Effective Date, that are not subject to legally enforceable restrictions requiring the use or disposition of such assets for a particular purpose.
Unrestricted Cash and Investments means unrestricted and unencumbered cash, cash equivalents, and marketable liquid investments; provided, however, that there shall be excluded (or deducted in the case of clause (B) below) therefrom the following: (A) the amount of or in any trustee-held funds, debt service funds, debt service reserve funds, construction funds, litigation reserve funds, malpractice funds or other self- insurance or captive insurer funds, pension or retirement funds and any other funds set aside or reserved in such a manner so as to restrict the funds so that such funds are not available to the Borrowers to pay debt service on Indebtedness; (B) the principal amount of any borrowed moneys payable in one year or less (other than the current portion of long-term debt); and (C) any amounts pledged or posted, or currently required to be pledged or posted, to secure obligations under a swap agreement or in connection with any derivative transaction. For purposes of this definition, if marketable securities are loaned pursuant to a security lending program, either the market value of such securities that are loaned or any cash held as collateral under such lending program shall be included as Unrestricted Cash and Investments, but not both such amounts.
Unrestricted Cash and Investments means all Cash and balance sheet investments owned by the Debtors as of the date that is immediately prior to the
Examples of Unrestricted Cash and Investments in a sentence
Borrower shall maintain Unrestricted Cash and Investments on hand of not less than 150 days.
Provided, however, that the Borrower may choose one consecutive twelve (12) month period during the Construction Period during which Unrestricted Cash and Investments on hand may be no less than 125 days.
Borrower shall maintain a ratio of Unrestricted Cash and Investments to Indebtedness of not less than 0.5. This covenant shall be tested semi-annually as of each February 28 and August 30 during the term of this Agreement.
Cause the CHI Reporting Group to maintain an aggregate amount of Unrestricted Cash and Investments at least equal to seventy-five (75) Days of Operating Expenses as of the last day of each Fiscal Year of the CHI Reporting Group.
The Borrower shall maintain Unrestricted Cash and Investments equal to at least 55 days of Operating Expenses, calculated as of each June 30 and December 31, as calculated no later than February 28 and November 30 of each year.
More Definitions of Unrestricted Cash and Investments
Unrestricted Cash and Investments means all cash and Cash Equivalents including Assets Limited as to Use, Board Designated Assets, cash and Cash Equivalents in debt service reserve funds related to the Bonds, cash and Cash Equivalents added or subtracted in connection with the issuance of the Bonds, but excluding all Restricted Assets.
Unrestricted Cash and Investments means the sum of cash, cash equivalents, marketable securities, including without limitation board-designated assets, included in the balance sheet of the Corporation that are unrestricted and legally available for any purpose of the Corporation including the payment of debt service on the Indebtedness of the Corporation, but excluding (a) trustee-held funds other than those otherwise described in this definition; and (b) donor-restricted funds to the extent that the payment of debt service on the Indebtedness of the Corporation would be inconsistent with the donor’s restrictions.
Unrestricted Cash and Investments means all Cash and balance sheet investments owned by the Debtors immediately prior to the Effective Date that are not subject to legally enforceable restrictions requiring the use or disposition of such assets for a particular purpose.
Unrestricted Cash and Investments means the sum of cash, cash equivalents and marketable securities, including board designated assets, but excluding (a) trustee-held funds and
Unrestricted Cash and Investments means, as of the date of calculation, the sum of (without duplication), on a combined basis, (a) unencumbered cash and unencumbered and unrestricted investments that can be liquidated in one month or less, (b) the current portion of assets limited as to use so long as not restricted for purposes inconsistent with payment of Indebtedness or operating expenses, (c) assets that are internally or externally designated for capital improvements or debt repayments. For purposes of this definition, if marketable investment securities are loaned pursuant to a security lending program, at the option of the System, either the market value of such securities that are loaned or any cash held as collateral under such lending program shall be included as Unrestricted Cash and Investments, but not both such amounts.
Unrestricted Cash and Investments means, at any time the same is to be determined, the sum of cash and cash equivalents, and investments which can be converted to cash within five (5) Business Days, in any case, the use of which is not restricted.
Unrestricted Cash and Investments means all cash and marketable securities that the Obligated Group could, in its discretion, apply to the payment of Debt without violating any Lien or other security agreement or applicable law or the restrictions of any grant or gift. Without limiting the generality of the foregoing, Unrestricted Cash and Investments does not include (A) construction funds, (B) malpractice funds, self-insurance or captive insurer funds, (C) pension or retirement funds, or (D) the undisbursed proceeds of any borrowing. Marketable securities shall be valued at fair market value as of the date of determination.