Business Cash definition

Business Cash means the aggregate amount of cash and the fair market value of cash equivalents (including marketable securities, deposits in transit and accrued interest, less checks and drafts issued by not yet cleared), determined in accordance with the Calculation Principles that, as of immediately prior to the Effective Time, is retained by the Purchased Entities and transferred to Buyer or one of its Affiliates by virtue of the acquisition of the Purchased Shares hereunder; provided that (a) any cash or cash equivalents retained by the Mexican Subsidiary in excess of $500,000 and (b) any cash or cash equivalents retained by the Chinese Subsidiary in excess of $10,000,000 shall be reduced, in each case, by 10% for purposes of computing the Estimated Business Cash and the Final Business Cash.
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Business Cash means, on any date, the aggregate amount of cash and cash equivalents calculated in accordance with the Calculation Principles and measured at the Designated Exchange Rate (as applicable) in respect of such determination date that is retained by the Purchased Entities as of the Effective Time; provided that, (a) for purposes of calculating Business Cash, (i) cash or cash equivalents which is not freely usable because it is subject to contractual restrictions or limitations (including security deposits) shall be excluded from the calculation of Business Cash and (ii) cash or cash equivalents in non-U.S. jurisdictions in excess of the amounts set forth under the header “Business Cash Limits” in the applicable jurisdictions set forth on Schedule 1.1(a)(ii) of the Sphinx Disclosure Letter shall be excluded and Business Cash in all jurisdictions in the aggregate in excess of the amount set forth under the header “Overall Business Cash Limits” shall be excluded (unless Arion determines, in its sole discretion, to increase the “Business Cash Limit” in any jurisdiction, in which case the excess cash in such jurisdiction up to such increased “Business Cash Limit’ shall be included as Business Cash) and (b) Business Cash shall include or exclude checks, wires and drafts in transit or cut but uncashed, in each case to the extent required by GAAP.
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Business Cash means any Cash of the Target Company or Target Subsidiaries as of the Reference Time, determined in accordance with the Accounting Convention.
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Examples of Business Cash in a sentence

  • The risk in the BCLOC Security is transferred to its four (4) collateral legs which consist of the following: 1) PCSO common stock; 2) Cash Hedge Account as Credit Enhancement 3) U.S. Treasuries as Credit Linked Instrument, and 4) Business Cash Flow/Annuity (based on EBITDA) from Client’s Business).Pricing of the BCLOC was established between 2007 and 2009, as collateralized on a privately negotiated sale price of PCSO stock at $20.00 per share.

  • However, unlike the equity-Linked CD, the BCLOC Security is likely to pay Principal and Interest if not held to maturity (see BCLOC Security below).THE BCLOC SECURITYAs indicated above, the BCLOC security uses equity (i.e. PCSO stock & customer capital stock) to transfer risk by linking or integrating the four-leg collateral components: (1) PCSO Stock (2)U.S. Treasuries (3) Cash Hedge account and (4) Business Cash Flows/Annuity.

  • We may refuse to transfer any Business Cash Back Points in the Business Cash Back Points account or may withdraw any Business Cash Back Points already issued to the Business Cash Back Points account if we cancel any Card on your Account or withdraw all your rights and privileges in respect of your Card and your Account.

  • Other loans include Education Loans, Car Loans, Commercial Vehicle Loans, Commercial Equipment Loans, Business Instalment Loans, Auto/Other Vehicle Loans, Business Loans, Business Overdraft, Business Cash Credit Loans, Personal Overdraft, Cash Credit Loans, Credit Card Loans and Gold Loans.

  • In this Agreement the words you and your mean the Business Owner/Officer and all of those who apply for the card or all individual employees who sign the VISA Business Cash Back Credit Card application and have a card issued to them under this account.

  • We may cancel or reverse any Business Cash Back Points improperly issued.

  • Any tax liability arising from the accrual or redemption of Business Cash Back Points or the receipt of a Reward is your responsibility.

  • Business Cash Back Points will not expire as long as your Account remains open and in good standing, except as described in Section 19 (Termination of the Program).

  • Business Cash Back Points earned by Cardholders are automatically added to the Primary Cardholder’s Points account.

  • Net Purchases qualify for the issues of Business Cash Back Points if:• If your Account is in good standing, and• The Purchases are charged to your Account after your enrollment in the Program has been completed.


More Definitions of Business Cash

Business Cash means all cash and cash equivalents of the Business, including restricted cash, Currency on Hand, determined in a manner consistent with the Business’ past practice. For the avoidance of doubt, Business Cash will be calculated net of issued but uncleared checks and drafts (to the extent not otherwise an accrued liability in the Closing Date Net Working Capital) and will include checks, credit card receivables, other wire transfers and drafts deposited or available for deposit for the account of the Business (to the extent not otherwise included as a current asset in the Closing Date Net Working Capital). For avoidance of doubt, Business Cash shall include all cash in respect of revenues of the Business for sales of the Business occurring prior to the Closing (to the extent such sales are not accounted for as accounts receivable in Net Working Capital).
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Business Cash means cash generated by the Business operated under the name of and/or through, Shaanxi International (defined in the Preliminary Statement above) or HK Co. (defined in the Preliminary Statement), as of the Effective Date and wherever located.
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Business Cash has the meaning set forth in Section 2.02(a).
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Business Cash means the aggregate amount of cash and cash equivalents that is retained by the Purchased Entities as of the Effective Time and transferred to Buyer or one of its Affiliates by virtue of the acquisition of the Purchased Shares hereunder; provided, that, (i) only the pro-rata share of the cash and cash equivalents of any Non-Wholly Owned Entity (based upon Seller’s direct or indirect equity ownership of such entity as of immediately prior to the Effective Time) shall be used to determine the amount of Business Cash and (ii) in no event shall Business Cash include any amount of Transferred Pension Assets or any other assets held in any trust, insurance contract or other funding vehicle under any Business Retirement Plan.
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Business Cash means, for any period, an amount, which may be positive or negative, calculated in accordance with the Business Cash Forecast, equal to (a) the Business EBITDA for such period, plus (b) the Cash Over Revenue Amount for such period, minus (c) all capital expenditures made by the Seller and its Subsidiaries with respect to the Business during such period (the “Business Capital Expenditures”), minus (d) the Allocated Business Expenses Amount for such period, plus (e) the amount accrued by the Seller during such period for bonuses payable to Education Personnel (to the extent not actually paid prior to Closing) (the “Accrued and Unpaid Education Bonuses”), in each case, calculated in accordance with the methodology set forth in the Business Cash Forecast.
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Related to Business Cash

  • Business Case means the written reasoning behind the initiation of a Procurement Project, prepared in the form set out in Part 1 of the Procurement Project Plan at Appendix A of the Procurement Project Planning Protocol.

  • Excess Cash Flow Period means each fiscal year of the Borrower commencing with and including the fiscal year ending December 31, 2018.

  • business acquisition report means a completed Form 51-102F4 Business Acquisition Report;

  • Target Business Acquisition Period means the period commencing from the effectiveness of the registration statement filed with the SEC in connection with the Company's IPO up to and including the first to occur of (i) a Business Combination; or (ii) the Termination Date.

  • Excess Cash Flow Application Date as defined in Section 2.12(c).

  • Performing Cash Pay Mezzanine Investments means Mezzanine Investments (a) as to which, at the time of determination, not less than 2/3rds of the interest (including accretions and “pay-in-kind” interest) for the current monthly, quarterly, semi-annual or annual period (as applicable) is payable in cash and (b) which are Performing.

  • Excess Cash shall have the meaning set forth in Section 2.7.2(b)(vii) hereof.

  • Surplus Cash means, with respect to any period, any revenues of Borrower remaining after paying, or setting aside funds for paying, all the following:

  • Company Cash means all cash on hand or on deposit to the credit of the Company on the Closing Date;

  • Excess Cash Flow Interim Period means, (x) during any Excess Cash Flow Period, any one, two, or three-quarter period (a) commencing on the later of (i) the end of the immediately preceding Excess Cash Flow Period and (ii) if applicable, the end of any prior Excess Cash Flow Interim Period occurring during the same Excess Cash Flow Period and (b) ending on the last day of the most recently ended fiscal quarter (other than the last day of the fiscal year) during such Excess Cash Flow Period for which financial statements are available and (y) during the period from the Closing Date until the beginning of the first Excess Cash Flow Period, any period commencing on the Closing Date and ending on the last day of the most recently ended fiscal quarter for which financial statements are available.

  • Business Acquisition means the acquisition, by purchase or otherwise, of all or substantially all of the assets (or any part of the assets constituting all or substantially all of a business or line of business) of any Person, whether such acquisition is direct or indirect, including through the acquisition of the business of, or Capital Stock of, such Person.

  • Business Line is an Embarq-owned switched access line used to serve a business customer, whether by Embarq or by a competitive LEC that leases the line from Embarq. The number of Business Lines in a Wire Center shall equal the sum of all Embarq business switched access lines, plus the sum of all UNE loops connected to that Wire Center, including UNE loops provisioned in combination with other unbundled elements. Among these requirements, Business Line tallies (1) shall include only those access lines connecting end-user customers with Embarq end-offices for switched services, (2) shall not include non-switched special access lines, (3) shall account for ISDN and other digital access lines by counting each 64 kbps-equivalent as one line. For example, a DS1 line corresponds to twenty-four (24) 64 kbps-equivalents, and therefore to twenty-four (24) “Business Lines.”

  • Petty Cash means a sum of money set aside on an imprest basis for the purpose of making change or paying small obligations.

  • Distribution Compliance Period means the period that ends 40 days after the completion of the distribution of each Tranche of Notes, as certified by the relevant Dealer (in the case of a non-syndicated issue) or the relevant Lead Manager (in the case of a syndicated issue);

  • Public-finance transaction means a secured transaction in connection with which:

  • Operating Cash Flow means the Company’s or a business unit’s sum of Net Income plus depreciation and amortization less capital expenditures plus changes in working capital comprised of accounts receivable, inventories, other current assets, trade accounts payable, accrued expenses, product warranty, advance payments from customers and long-term accrued expenses, determined in accordance with generally acceptable accounting principles.

  • Asset Sales means any sale, transfer, lease, license, sale and leaseback or other disposition of property (including pursuant to a casualty event or condemnation proceeding).

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

  • Excess Cash Flow means, for any period, an amount equal to the excess of:

  • Performing Non-Cash Pay Mezzanine Investments means Performing Mezzanine Investments other than Performing Cash Pay Mezzanine Investments.

  • Excess Cash Amount means, as of any Excess Cash Measurement Date, (a) the total amount of Unrestricted Cash, less (b) the sum of (i) the applicable Minimum Cash Threshold hereto corresponding to such Excess Cash Measurement Date, (ii) the total amount of scheduled payments due by OEC and its Subsidiaries, taken as a whole, under (x) the New Notes and (y) any other Permitted Indebtedness in each case in the subsequent twelve (12) month period, (iii) projected expenses for the Issuer to conduct its operations during the subsequent twelve (12) month period, including any foreign currency conversion expenses and (iv) for any Excess Cash Measurement Date through (and including) December 31, 2024, any Fines due by OEC and its Subsidiaries for the subsequent twelve (12) month period; less (c) an amount equal to the Required Gross-Up; provided that any items already deducted from cash and short-term investments of OEC and its Subsidiaries for purposes of determining Unrestricted Cash shall not be deducted again for purposes of determining the Excess Cash Amount.

  • Capital Equipment means machinery and equipment purchased or leased, and used in this state by the purchaser or lessee primarily for manufacturing, fabricating, mining, or refining tangible personal property to be sold ultimately at retail if the machinery and equipment are essential to the integrated production process of manufacturing, fabricating, mining, or refining. Capital equipment also includes machinery and equipment used primarily to electronically transmit results retrieved by a customer of an online computerized data retrieval system.

  • Estimated Closing Net Working Capital has the meaning set forth in Section 2.5.

  • At-home recovery visit means the period of a visit required to provide at home recovery care, without limit on the duration of the visit, except each consecutive four (4) hours in a twenty-four-hour period of services provided by a care provider is one visit.

  • Mobility enhancing equipment means equipment, other than durable medical equipment or a motor vehicle or equipment on a motor vehicle normally provided by a motor vehicle manufacturer, dispensed pursuant to a prescription, including repair or replacement parts for that equipment, that is all of the following: