Examples of Cash on Hand in a sentence
Low Acceptable Moderate High Significant Ratio is greater than (>) 1.5 Ratio is between 1.35 – 1.5 Ratio is between 1.2 – 1.35 Ratio is between 1.0 – 1.2 Ratio is less than (<) 1.0 Unrestricted Days of Cash on Hand Unrestricted Days Cash = Days Cash ÷ [(Total Expenses – Depreciation Expense) ÷ 365] The unrestricted days of cash on hand provides the number of days a school can pay its current expenses without another inflow of cash.
Prior to Closing, ERC shall liquidate all of its cash equivalents to cash, as necessary to permit ERC to deliver the Distributable Cash on Hand in accordance herewith in the form of cash, and not cash equivalents.
The Company will furnish or cause to be furnished an annual budget providing for the repair and maintenance of the Projects sufficient to ensure that the Company’s Days Cash on Hand Covenant, the Parity Coverage Requirement, the Repair and Replacement Fund covenant set forth in clause (iii) above and the Supplemental Reserve Fund covenant set forth in this clause (iv) are met.
So long as the Guaranty is in effect, the Company shall cause the Guarantor to deliver information concerning the Guarantor as set forth in Sections 2.4(b)(v)(C)(I) and 2.4(b)(v)(C)(II) hereof, provided that the Guarantor need not report information relating to any Days Cash on Hand or its Debt Service Coverage Ratio.
On each June 30, commencing June 30, 2021, the Tenant shall have a balance of cash and unrestricted available funds on hand in an amount at least equal to 45 Days Cash on Hand.