Unrestricted Cash Reserves definition

Unrestricted Cash Reserves means, at any time of determination, the sum of Borrower's (i) cash balance of deposit accounts and investment accounts, plus (ii) market value of all readily marketable securities beneficially owned by Borrower, minus (iii) cash value of any certificates of deposit or securities encumbered and/or restricted by any Bank or any other Persons.
Sample 1Sample 2Sample 3
Unrestricted Cash Reserves means, in respect of the Lessee and its wholly-owned Subsidiaries on a consolidated basis at any time, the sum of (a) cash, plus (b) cash equivalents (as determined in accordance with GAAP), plus (c) readily marketable debt securities that are current assets (in accordance with GAAP) and which are rated A-/A3 or better by S&P and Mxxxx’x, respectively, minus (d) the amount of assets specified in clause (a), (b) and (c) of this definition that are subject to the Cash Collateral Agreement, any Control Agreement, the cash collateral agreement or control agreements entered into in connection with the Lease A or any other Encumbrance, other than Encumbrances permitted under clauses (c) and (h)(iv) of the definition of “Permitted Encumbrances.”
Sample 1Sample 2
Unrestricted Cash Reserves means, in respect of the Lessee and its wholly-owned Subsidiaries on a consolidated basis at any time, the sum of (a) cash, plus (b) cash equivalents (as determined in accordance with GAAP), plus (c) readily marketable debt securities that are current assets (in accordance with GAAP) and which are rated A-/A3 or better by S&P and Moody’s, respectively, minus (d) the amount of assets specified in clause (a), (b) and (c) of this definition that are subject to the Cash Collateral Agreement, any Control Agreement, the cash collateral agreement or control agreements entered into in connection with the Lease A or any other Encumbrance, other than Encumbrances permitted under clauses (c) and (h)(iv) of the definition of “Permitted Encumbrances.”
Sample 1

Examples of Unrestricted Cash Reserves in a sentence

  • Most obvious is the fact that there is no EU Department of Homeland Security (EU DHS) at the cabinet level or similar like in the US.

  • Lessee shall not, nor shall it permit any of its Subsidiaries to, permit Unrestricted Cash Reserves at any time to be less than the higher of (A) the sum of $100,000,000, plus the principal amount outstanding under the 4.00% Convertible Subordinated Notes due November 1, 2006 issued by Lessee pursuant to the Subordinated Indenture, dated as of October 30, 2001 between Lessee and State Street Bank and Trust Company of California, N.A., as Trustee, as in effect on the Delivery Date and (B) $350,000,000.

  • Unrestricted Cash Reserves (£’000) Forecast Budget 2020-212021-222022-23Total2020-212021-222022-23TotalOpening Balance 1 April 4821486948214414416938584414Net Income / (Expenditure) 100(295)(195)(166)(378)(388)(932)Add: Depreciation 299369 3.3 Although this outcome is not completely certain at this stage, it does give an indication that there will be quite a significant amount of reserves above the target level at 31 March 2023.

  • Line 42, translates the Unrestricted Cash Reserves at the beginning of the fiscal year into the number of months of operations it could pay for.

  • It is defined as the sum of Unrestricted Cash Reserves, Unrestricted Marketable Securities, and Receivables; all divided by average monthly expenses.

  • Total Unrestricted Cash Reserves are now$2.6M, which is approximately 3-4 months of operating costs.


More Definitions of Unrestricted Cash Reserves

Unrestricted Cash Reserves is, at any time of determination, the sum of Borrower's (i) cash balance of deposit accounts and investment accounts, plus (ii) market value of all readily marketable securities beneficially owned by Borrower, minus (iii) cash value of any certificates of deposit or securities encumbered and/or restricted by any Bank or any other Persons. BORROWER: Symphonix Devices, Inc. By: /s/ Xxxxxx X. Xxxxxxxxxxxx ----------------------------------- Title: CFO -------------------------------- BANK: SILICON VALLEY BANK By: /s/ Xxxxx X. Xxxxx ----------------------------------- Title: Vice President -------------------------------- EXHIBIT A --------- The Collateral consists of all of Borrower's right, title and interest in and to the following: All goods and equipment now owned or hereafter acquired, including, without limitation, all machinery, fixtures, vehicles (including motor vehicles and trailers), and any interest in any of the foregoing, and all attachments, accessories, accessions, replacements, substitutions, additions, and improvements to any of the foregoing, wherever located; All inventory, now owned or hereafter acquired, including, without limitation, all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products including such inventory as is temporarily out of Borrower's custody or possession or in transit and including any returns upon any accounts or other proceeds, including insurance proceeds, resulting from the sale or disposition of any of the foregoing and any documents of title representing any of the above; All contract rights and general intangibles now owned or hereafter acquired, including, without limitation, goodwill, trademarks, servicemarks, trade styles, trade names, patents, patent applications, leases, license agreements, franchise agreements, blueprints, drawings, purchase orders, customer lists, route lists, infringements, claims, computer programs, computer discs, computer tapes, literature, reports, catalogs, design rights, income tax refunds, payments of insurance and rights to payment of any kind; All now existing and hereafter arising accounts, contract rights, royalties, license rights and all other forms of obligations owing to Borrower arising out of the sale or lease of goods, the licensing of technology or the rendering of services by Borrower, whether or not earned by performance, and any and all credit insurance, guaranties, and other security therefor, as well as ...
Sample 1

Related to Unrestricted Cash Reserves

  • Unrestricted Cash means cash or cash equivalents of the Borrower or any of its Subsidiaries that would not appear as “restricted” on a consolidated balance sheet of the Borrower or any of its Subsidiaries.

  • Unrestricted Cash Amount means, as to any Person on any date of determination, the amount of (a) unrestricted Cash and Cash Equivalents of such Person whether or not held in an account pledged to the Collateral Agent and (b) Cash and Cash Equivalents of such Person restricted in favor of the Facilities (which may also include Cash and Cash Equivalents securing other Indebtedness secured by a Lien on any Collateral along with the Facilities), in each case as determined in accordance with GAAP; it being understood and agreed that proceeds subject to Escrow shall be deemed to constitute “restricted cash” for purposes of the Unrestricted Cash Amount.

  • Unrestricted Cash and Cash Equivalents means, with respect to any Person, cash and Cash Equivalents of such Person that are free and clear of all Liens and not subject to any restrictions on the use thereof to pay Indebtedness and other obligations of such Person.

  • Restricted Cash means cash and Cash Equivalents held by Restricted Subsidiaries that is contractually restricted from being distributed to the Borrower.

  • Consolidated Cash Balance means, at any time, the aggregate amount of cash and cash equivalents, marketable securities, treasury bonds and bills, certificates of deposit, investments in money market funds and commercial paper, in each case, held or owned by, or credited to, the account of the Borrower and its Subsidiaries (including non-wholly owned Subsidiaries and Permitted J/Vs).

  • Consolidated Cash Interest Expense means, for any period, Consolidated Interest Expense for such period, excluding any amount not payable in Cash.

  • Permitted Cash Equivalent Investments means (i) marketable direct obligations issued or unconditionally guaranteed by the United States or any agency or any State thereof having maturities of not more than two (2) years from the date of acquisition and (ii) commercial paper maturing no more than one (1) year after its creation and having the highest rating from either Standard & Poor’s Ratings Group or Xxxxx’x Investors Service, Inc.

  • Consolidated Cash Taxes means, for any period, for the Borrower and its Subsidiaries on a consolidated basis, the aggregate of all taxes, as determined in accordance with GAAP, to the extent the same are paid in cash during such period.

  • Annualized Consolidated EBITDA means, for any quarter, the product of Consolidated EBITDA for such period of time multiplied by four (4).

  • Consolidated Cash Flow means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication:

  • Adjusted Funds From Operations means, for any period, Net Cash Flows From Operating Activities for such period plus Interest Expense for such period minus (x) the portion (but not less than zero) of Net Cash Flows From Operating Activities for such period attributable to any consolidated Subsidiary that has no Debt other than Nonrecourse Indebtedness and (y) After-Tax Transitional Funding Instrument Revenue for such period.

  • Consolidated Cash Flow Available for Fixed Charges means, with respect to any Person for any period:

  • Consolidated Cash Interest Charges means, for any Measurement Period, all Consolidated Interest Charges paid or payable in cash by Holdings and its Subsidiaries on a consolidated basis.

  • Consolidated EBITR means, for any fiscal period of the Borrower, an amount equal to Consolidated Net Income (Loss) for such period, plus, to the extent deducted in determining Consolidated Net Income (Loss), (i) Consolidated Tax Expense for such period, (ii) Consolidated Interest Expense for such period, and (iii) Consolidated Rental Expense for such period.

  • Consolidated EBITDA means, for any period, the Consolidated Net Income for such period, plus:

  • Consolidated EBITDAR means, for any period, Consolidated EBITDA for such period plus, to the extent deducted in determining Consolidated EBITDA for such period, Consolidated Rental Expense.

  • Adjusted Consolidated EBITDA means, with respect to the Borrower and the Subsidiaries on a consolidated basis for any period, the Consolidated Net Income of the Borrower and the Subsidiaries for such period plus

  • Consolidated Scheduled Funded Debt Payments means for any period for the Borrower and its Subsidiaries on a consolidated basis, the sum of all scheduled payments of principal on Consolidated Funded Indebtedness, as determined in accordance with GAAP. For purposes of this definition, “scheduled payments of principal” (a) shall be determined without giving effect to any reduction of such scheduled payments resulting from the application of any voluntary or mandatory prepayments made during the applicable period, (b) shall be deemed to include the Attributable Indebtedness in respect of Capital Leases, Securitization Transactions and Synthetic Leases and (c) shall not include any voluntary prepayments or mandatory prepayments required pursuant to Section 2.05.

  • Consolidated EBIT means, for any period, the Consolidated Net Income for such period, before interest expense and provision for taxes based on income and without giving effect to any extraordinary gains or losses or gains or losses from sales of assets other than inventory sold in the ordinary course of business.

  • Prior Period Investments means investments made in a previous evaluation period that are outstanding as of the examination date.

  • Consolidated Senior Funded Debt means Consolidated Funded Debt that is not Subordinated Debt.

  • Consolidated Total Funded Debt means, as of the date of determination, the aggregate principal amount of all Funded Debt of the Borrower and its Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

  • Consolidated Total Funded Indebtedness (i) obligations under any derivative transaction or other Hedging Agreement, (ii) undrawn Letters of Credit, (iii) Earn-Outs to the extent not then due and payable and if not recognized as debt on the balance sheet in accordance with GAAP and (iv) leases that would be characterized as operating leases in accordance with GAAP on the date hereof.

  • Consolidated EBITDAX for any period means, without duplication, the Consolidated Net Income for such period, plus the following, without duplication and to the extent deducted (and not added back) in calculating such Consolidated Net Income:

  • Consolidated Net Earnings means, for any period, the net income (loss) of Borrower for such period, as determined on a Consolidated basis and in accordance with GAAP.

  • Qualified Cash means, as of any date of determination, the amount of unrestricted cash and Cash Equivalents of Borrower and its Subsidiaries that is in Deposit Accounts or in Securities Accounts, or any combination thereof, and which such Deposit Account or Securities Account is the subject of a Control Agreement and is maintained by a branch office of the bank or securities intermediary located within the United States.