Unrestricted Cash Balance means the Issuer’s Unrestricted Cash and Unrestricted Cash Equivalent balances, as determined in accordance with GAAP.
Unrestricted Cash Balance means the unrestricted cash of Ashford LLC; provided, that any cash or working capital of Ashford Inc. or its other subsidiaries, including without limitation, Ashford Services, shall be included in the calculation of “Unrestricted Cash Balance” if such funds have been contributed, transferred or loaned from Ashford LLC to Ashford Services or such other subsidiaries for the purpose of avoiding, hindering or delaying Ashford LLC’s obligations under this ERFP Agreement (it being understood that good faith loans or advances to, or investments in, Ashford Services’ or such other subsidiaries’ existing business or new services or other businesses, or the provision of working capital to Ashford Services or such other subsidiaries generally consistent with Ashford Services’ or such other subsidiaries past practices, shall not be deemed to have been made for the purpose of avoiding, hindering or delaying Ashford LLC’s obligations under this ERFP Agreement).
Unrestricted Cash Balance means as of any date of determination for the Company and its Subsidiaries on a consolidated basis, an amount equal to the sum of cash and cash equivalents (excluding any restricted cash balances or other retainage deposits), determined in accordance with GAAP."
Examples of Unrestricted Cash Balance in a sentence
Minimum Unrestricted Cash Balance –Will be maintained at a minimum of 45 days of the current year’s operating expenditure budget.
Target Unrestricted Cash Balance – Because BTU - Rural is subject to unexpected changes in energy costs, revenues, and expenditures, a targeted unrestricted cash balance is set at 60 days of the current year’s operating expenditure budget.
Minimum Unrestricted Cash Balance –Will be maintained at a minimum of 90 days of the current year’s operating expenditure budget.
Item #13 (Restricted Cash Balance) plus Item #14 (Unrestricted Cash Balance) should equal Item #7 (Ending Cash Position).
Target Unrestricted Cash Balance – Because BTU is subject to unexpected changes in energy costs, revenues, and expenditures, a targeted unrestricted cash balance is set at 175 days of the current year’s operating expenditure budget.
More Definitions of Unrestricted Cash Balance
Unrestricted Cash Balance means, at any time, the aggregate amount of Cash and Cash Equivalents of the Parent and its Subsidiaries at such time, excluding any such Cash or Cash Equivalents that are (i) held in the Escrow Account, (ii) subject to any Lien (other than a Lien created pursuant to the Transactions Documents), or (iii) the disposition or use of which by the Parent or its Subsidiaries is limited or restricted in any way pursuant to any escrow agreement or other agreement or instrument (other than any of the Transaction Documents other than the Escrow Account Control Agreement) to which the Parent or any of its Subsidiaries is a party.
Unrestricted Cash Balance means, at any time, the amount by which all cash and Cash Equivalents exceeds the balance at such time of Restricted Cash.
Unrestricted Cash Balance means the aggregate amount of cash on the balance sheets of the Group which amount shall exclude any residents’ personal allowances and any amounts which are subject to Security other than Security created pursuant to the Transaction Security Documents.
Unrestricted Cash Balance means the unrestricted cash of Ashford LLC; provided , that any cash or working capital of Ashford Inc. or its other subsidiaries, including without limitation, Ashford Services, shall be included in the calculation of “Unrestricted Cash Balance” if such funds have been contributed, transferred or loaned from Ashford LLC to Ashford Services or such other subsidiaries for the purpose of avoiding, hindering or delaying Ashford LLC’s obligations under this ERFP Agreement (it being understood that good faith loans or advances to, or investments in, Ashford Services’ or such other subsidiaries’ existing business or new services or other businesses, or the provision of working capital to Ashford Services or such other subsidiaries generally consistent with Ashford Services’ or such other subsidiaries past practices, shall not be deemed to have been made for the purpose of avoiding, hindering or delaying Ashford LLC’s obligations under this ERFP Agreement).
Unrestricted Cash Balance means the aggregate amount of Borrower's cash and Cash Equivalents that are not subject, in each case, to any restrictions or encumbrances (other than Agent's security interest in such cash and Cash Equivalents)."
Unrestricted Cash Balance shall have the meaning ascribed to it in the Notes. All capitalized terms used in this Agreement and not otherwise defined in this Agreement shall have the meanings given to them in the Securities Purchase Agreement or the Notes.
Unrestricted Cash Balance means the aggregate amount of unrestricted and unencumbered cash and Cash Equivalents held by Borrower in Collateral Accounts maintained with Bank or its Affiliates; provided that any amount held in the Restricted Cash Collateral Account shall not count towards the determination of the Unrestricted Cash Balance. *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be competitively harmful if publicly disclosed.