Restricted Cash. Restricted cash is cash received in advance from certain customers specifically for the payment of investigator fees relating to specific projects. Such amounts should be segregated from operating cash and offset with the liability to pay these amounts out. Accounts Receivable Accounts receivable are presented in the balance sheet at net realizable value. Net realizable value equals the gross receivable less the allowance for bad debts. Prepaid Expenses Prepaid expenses result from prepaying cash or incurring a liability. Prepaid expenses are presented under current assets even though they are not expected to be converted into cash because the prepaid items would have required the use of current assets if they were not paid in advance.
Restricted Cash. As of any date of determination, the aggregate amount of cash that is subject to any escrow, cash trap, reserves, Liens or claims of any kind in favor of any Person.
Restricted Cash. Unless otherwise approved by the Series C Supermajority, the Company shall maintain in its bank account in the Cayman Islands cash in the amount of at least US$20,000,000 (or such lesser amount as may be approved by the Investor Directors) until the earlier of (a) the completion of both (i) the applicable registrations under Circular 37 in accordance with Section 9.10 above such that each direct or indirect shareholder of the Company who is a PRC resident has fully complied with Circular 37 in connection with the transactions contemplated by the Series C Purchase Agreement and any previous shareholding changes of the Company (if applicable), and (ii) the restructuring of Zhongxin Suzhou’s equity interest in InnoLight SZ such that InnoLight SZ becomes a wholly owned subsidiary of InnoLight HK; or (b) June 30, 2015.
Restricted Cash. The Company will use commercially reasonably efforts to transfer to the United States any cash that is held outside the United States or that is generated from the sale of Portfolio Assets outside of the United States.
Restricted Cash. Restricted cash consists of cash and investments that must be maintained as collateral for letters of credit issued to certain third party producer customers. The balances will be outstanding until certain capital projects are completed and the third party releases the restriction. Restricted cash also consists of cash advances to be used for the operation and maintenance of an operated pipeline system. At December 31, 2015 and 2014, the amount of restricted cash included in Other current assets in the Consolidated Balance Sheets was $9 million and $4 million, respectively. Receivables – Receivables primarily consist of customer accounts receivable, which are recorded at the invoiced amount and generally do not bear interest. Management reviews the allowance quarterly. Past-due balances over 90 days and other higher risk amounts are reviewed individually for collectability. Balances that remain outstanding after reasonable collection efforts have been unsuccessful are written off through a charge to the valuation allowance and a credit to accounts receivable.
Restricted Cash. Except as set forth in Section 4.22 of the Company Disclosure Schedule, there are no regulatory or contractual restrictions on the ability of any Group Entity to freely transfer its cash and cash equivalents.
Restricted Cash. Section 1.8(d),..................... 3
Restricted Cash. As of the date hereof, except as set forth on Section 3.22 of the Disclosure Schedule, there are no regulatory or contractual restrictions on the ability of the Company and any Company Subsidiaries to freely transfer their respective cash and cash equivalents. SECTION 3.23.
Restricted Cash. The portion of the cash accounts and short term investment accounts classified as such on the annual audited and quarterly unaudited consolidated financial statements of the Borrower or the Guarantor that are related to the payment of debt obligations of Borrower, the Guarantor or their respective Subsidiaries and are classified as (a) a restricted cash account held by a Securitization Entity as part of a Permitted Securitization or (b) without duplication of clause (a), cash held by variable interest entities that have been consolidated in the consolidated financial statements of the Guarantor. In this regard, cash and short term investments shall be "restricted" if (i) it is pledged to, subject to any Lien in favor of, or held in one or more accounts under the control of one or more creditors or trustee of the Guarantor or any Subsidiary (other than pursuant to the Security Agreement), (ii) are otherwise segregated from the general assets of the Guarantor and its Subsidiaries, in one or more special accounts or otherwise, for the purpose of securing or providing a source of payment for Indebtedness that is or from time to time may be owed to one or more creditors of the Guarantor or any Subsidiary and (iii) are not otherwise generally available for use by the Guarantor or any Subsidiary.
Restricted Cash. Parent shall, and shall cause the Surviving Company to, use commercially reasonable efforts to cause the amounts of Restricted Cash identified on Section 6.19 of the Company Disclosure Letter to be released to the Surviving Company or its applicable Subsidiary by posting new letters of credit as soon as reasonably practicable following the Closing Date (and in any event no later than ninety (90) days following the Closing Date). Within ten (10) Business Days following the end of each month during which any such Restricted Cash is so released, the Surviving Company shall pay, or caused to be paid, by wire transfer of immediately available funds to an account designed by the Stockholder, such released Restricted Cash amounts to the Stockholder. Within ninety (90) days following the Closing Date, the Surviving Company shall pay, or caused to be paid, by wire transfer of immediately available funds to an account designed by the Stockholder, an amount equal to the difference between (a) the aggregate Restricted Cash amounts provided on Section 6.19 of the Company Disclosure Letter, minus (b) the aggregate of any amounts previously paid to the Stockholder pursuant to this Section 6.19.
