Unapplied Cash definition

Unapplied Cash means, on any Business Day, available funds received in the Master Collection Account and reflected in the Daily Report for that Business Day that have not been applied as Collections on a particular Receivable on or prior to the time as of which that Daily Report is prepared.

Unapplied Cash means all amounts paid by Account Debtors to the Loan Parties that are evidenced by checks that do not specifically relate to an internal invoice number of the Loan Parties and that have not been reconciled to a specific invoice number.

Unapplied Cash means (i) Cash received by the Company or any Subsidiary Guarantor for the sole purpose of holding such funds in escrow for the benefit of an identifiable third party until a separate escrow deposit account is established and maintained, which account shall be promptly established, provided that the escrowed funds described in this clause (i) shall at no time exceed $1,000,000 in the aggregate for any single borrower, (ii) Cash in the nature of an overpayment of an Obligor Loan received by the Company or any Subsidiary Guarantor in its capacity as a lender or as the administrative or collateral agent for a syndicate of lenders for so long as such amounts constitute an overpayment, and/or (iii) Cash in the form of unidentified wires until such wires can be properly identified for transfer to the appropriate deposit account.

Examples of Unapplied Cash in a sentence

• Unapplied Cash Payment Recycle report: Payment and Payment adjustment activity received and accepted into the servicing system but not posted to borrower accounts.

• Available Principal Funds Allocation of Principle Receipts *Unapplied Cash is being applied to the Revenue and Principal waterfalls on a pro-rata basis by the Cash Manager from October 2017 in order to avoid a negative balance on the Unapplied Ledger.

• Unapplied Cash Reserve: at any date of determination, the amount of payments received by the Credit Parties with respect to Accounts which as of such date, have not been credited or applied to a specific Account.

• The JE ID for collections received with either an invalid or no case number can be found on the Unapplied Cash Report (CLUCSD).

• The significant deficiencies are described in the accompanying Schedule of Findings on pages 30-34 of this report, as findings 09-2 (Unapplied Cash) and 09-3 (Draft Financial Statements Not Completed Timely).

More Definitions of Unapplied Cash

Unapplied Cash has the meaning set forth in the Purchase Agreement.

Unapplied Cash means any funds (or parts of payments) received into the debtor finance account which have not, at that time, been applied against one or more debts.

Unapplied Cash means, at any time, the amount computed for each given Obligor as the sum of the Base Currency Equivalent of Collections which are not applied to any of its Receivables and as stated in the relevant Monthly Servicer Report.

Unapplied Cash means, at any time, Collections that have been received by or on behalf of the Borrower or the Servicer but have not yet been applied to the reduction of the Outstanding Balance of a Receivable.

Unapplied Cash means, at any time, cash received by the Trustee but not then identified by the Servicer as Collections on a particular Receivable.

Unapplied Cash means, as of any date of determination thereof, all cash proceeds of Receivables that are identified as "unapplied cash" on the Borrowers' general ledger.

Unapplied Cash means Accounts of Borrower which have been paid by the relevant obligor but which payments have not yet been reflected on the accounts receivables records of Borrower.