Accumulated Cash definition

Accumulated Cash means, at any measurement date, the total of (a) (1) with respect to the December 31, 2006 measurement date, $8,638,000 and (2) with respect to all other measurement dates, Accumulated Cash at the end of the Fiscal Quarter preceding the measurement date plus (b) EBITDA for the Fiscal Quarter ended on the measurement date minus (c) the sum of (1) 1.2 times Fixed Charges for the Fiscal Quarter ended on the measurement date and (2) Product Development Expenditures for the Fiscal Quarter ended on the measurement date and (3) Permitted Acquisition Cash Purchase Price for the Fiscal Quarter ended on the measurement date. Solely for purposes of determining Accumulated Cash, EBITDA for the Fiscal Quarter ended June 30, 2007 shall be increased by $3,000,000 (which amount shall remain in Accumulated Cash for all calculations made thereafter), and EBITDA for the Fiscal Quarter ended September 30, 2007 shall be reduced by $3,000,000 (which amount shall remain in Accumulated Cash for all calculations made thereafter).
Sample 1
Accumulated Cash means, at any measurement date, the total of (a) (1) with respect to the December 31, 2006 measurement date, $8,638,000 and (2) with respect to all other measurement dates, Accumulated Cash at the end of the Fiscal Quarter preceding the measurement date plus (b) EBITDA for the Fiscal Quarter ended on the measurement date plus (c) the net cash proceeds, after deducting all related underwriting discounts, commissions and offering expenses, to Parent during the Fiscal Quarter ending on the measurement date from the issuance of Capital Stock of Parent other than Redeemable Capital Stock minus (d) the sum of (1) 1.2 times Fixed Charges for the Fiscal Quarter ended on the measurement date and (2) Product Development Expenditures for the Fiscal Quarter ended on the measurement date and (3) Permitted Acquisition Cash Purchase Price for the Fiscal Quarter ended on the measurement date and (4) all investments, loans and advances made by Parent or any of its Subsidiaries during the Fiscal Quarter ended on the measurement date in or to any Person other than (x) a Borrower PNC Bank, National Association October 5, 2007 Page 2 or Guarantor or (y) a school(s) or school district(s) to the extent permitted by Section 6.14(b). Solely for purposes of determining Accumulated Cash, EBITDA for the Fiscal Quarter ended June 30, 2007 shall be increased by $3,000,000 (which amount shall remain in Accumulated Cash for all calculations made thereafter), and EBITDA for the Fiscal Quarter ended September 30, 2007 shall be reduced by $3,000,000 (which amount shall remain in Accumulated Cash for all calculations made thereafter).
Sample 1
Accumulated Cash shall have the meaning given to such term in Section 8.4(b).
Sample 1

Examples of Accumulated Cash in a sentence

  • Interest Earned on Accumulated Cash from $ - $ - ---------------- ---------------- ---------------- -------------- ------------- Resulting Chp 11 Case $ - $ - $ - 40.

  • If the Company fails to declare or pay a Cash Dividend in respect of any fiscal quarter ending after the Dividend Change Date or declares and pays a Cash Dividend for such quarter in an amount less than the amount of Accrued Dividends on the last day of such quarter, then the amount of Cash Dividend that is unpaid in respect of such quarter shall be deemed to be Accumulated Cash Dividends.

  • Interest Earned on Accumulated Cash from $ -- $ -- -------------- -------------- -------------- Resulting Chp 11 Case -------------- -------------- $ -- $ -- $ -- 40.

  • The Board of Directors may from time to time declare and pay additional dividends on such date or dates as the Board of Directors may determine, from all or any part of the Accumulated Cash Dividends out of the moneys of the Company properly applicable to the payment of dividends, and the payment of any such dividends shall reduce the Accumulated Cash Dividends.

  • As promptly as practical after the exchange of any shares of Preferred Stock into Parent Common Shares, the Company shall deliver or cause to be delivered to the applicable Holder an ownership notice identifying the number of full shares of Parent Common Shares to which such Holder is entitled, a cash payment in respect of fractional shares in accordance with Section 9 and a cash payment in respect of the Accumulated Cash Dividends in respect of the shares of Preferred Stock exchanged.

  • Subject to applicable law, the Company shall effect any such redemption pursuant to this Section 6 by paying cash for each share of Preferred Stock to be redeemed in an amount equal to the Liquidation Preference (including, for the avoidance of doubt, any Accrued Dividends added to the Liquidation Preference in accordance with Section 2.6.1) plus the Accumulated Cash Dividends (if any) (such amount, the " Optional Redemption Price").

  • FORM MOR-2(9/99) BREAKDOWN OF “OTHER” CATEGORY Other Costs Other Operational Expenses 0.00 Other Income 0.00 Other Expenses 0.00 Other Reorganization Expenses Reorganization Items - Interest Earned on Accumulated Cash from Chapter 11:Interest earned on cash accumulated during the chapter 11 case, which would not have been earned but for the bankruptcy proceeding, should be reported as a reorganization item.

  • Trustee Quarterly Fees4,875Interest Earned on Accumulated Cash from Chapter 11 (see continuation sheet)Gain (Loss) from Sale of EquipmentOther Reorganization Expenses (attach schedule)Total Reorganization ExpensesIncome TaxesNet Profit (Loss)$215,921$4,804,412*"Insider" is defined in 11 U.S.C. Section 101(31).

  • For the management of the resources that correspond to the Accumulated Cash Flow Excess and for the purposes of the constitution of an additional hedging, the Securitization Company will open one or more accounts in National Currency and/or in Dollars of the United States of America denominated "Accumulated Cash Flow Excess NUEVATEL - BDP SC 049 INVESTMENT TRUST".

  • Trustee Quarterly Fees Interest Earned on Accumulated Cash from Chapter 11 (see continuation sheet) Gain (Loss) from Sale of Equipment Other Reorganization Expenses (attach schedule) Total Reorganization Expenses Income Taxes ------ ------ ------- -------- ------ -------- ---------- Net Profit (Loss) $0.000 $0.000 $0.000 $0.000 $0.000 $ 0.000 ($254.031) -------- ---------- *"Insider" is defined in 11 U.S.C. Section 101(31).

Related to Accumulated Cash

  • Accumulated contributions means the sum of all

  • Uninvested Cash cash available and uninvested by a Trust that may result from a variety of sources, including dividends or interest received on portfolio securities, unsettled securities transactions, strategic reserves, matured investments, proceeds from liquidation of investment securities, dividend payments, or new investor capital.

  • 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 by the Parent and its Consolidated Subsidiaries.

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

  • Estimated Cash has the meaning set forth in Section 2.4(a).

  • Quarterly Excess Available Funds Percentage means, with respect to the July 2008 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • total earnings means all of the dentist's gross earnings from the practice of dentistry by him in person, and "NHS earnings" means the dentist's gross earnings from the provision by him in person of general dental services under the National Health Service (Scotland) Act 1978, as amended, including where the dentist's name is included in sub-part A of the first part, or Part A prior to 2 July 2010, of two or more dental lists in Scotland, but neither his total earnings nor his NHS earnings shall be taken to include any remuneration by way of salary;

  • Trapped Cash means any cash, checks, rental deposits and bank credit balances that are subject to any restrictions or local exchange control, Tax or other requirements, such that the full amount of such deposits cannot be accessed within 90 days (for the avoidance of doubt, any cash, checks, rental deposits and bank credits balances that are subject statutory reserve that the Company’s PRC Subsidiaries are required to set aside pursuant to PRC laws shall be not be treated as “Trapped Cash”); provided, that any amounts that are subject to short term investments or time deposits with maturities less than 363 days as of any relevant time of determination shall not be deemed “Trapped Cash” unless after such maturity, they would be subject to any of the aforesaid restrictions.

  • Adjusted Cash Flow for any fiscal year shall mean Consolidated Net Income of the Borrower for such fiscal year (after provision for taxes) plus the amount of all net non-cash charges (including, without limitation, depreciation, deferred tax expense, non-cash interest expense, amortization and other non-cash charges) that were deducted in arriving at such Consolidated Net Income for such fiscal year, minus the amount of all non-cash gains and gains from sales of assets (other than sales of inventory and equipment in the normal course of business) that were added in arriving at such Consolidated Net Income for such fiscal year.

  • Total Available Funds shall have the meaning set forth in Section 5.7(a).

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

  • Average Excess Availability means, with respect to any period, the sum of the aggregate amount of Excess Availability for each Business Day in such period (calculated as of the end of each respective Business Day) divided by the number of Business Days in such period.

  • Daily Cash Amount means, with respect to any VWAP Trading Day, the lesser of (A) the applicable Daily Maximum Cash Amount; and (B) the Daily Conversion Value for such VWAP Trading Day.

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

  • Excess Available Funds Percentage means, with respect to any Transfer Date, the amount, if any, by which the Portfolio Yield for the preceding Monthly Period exceeds the Base Rate for such Monthly Period.

  • 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:

  • ACCUMULATION UNIT VALUE means the dollar value of each Accumulation Unit in a Separate Account on a given date. (If Investment Funds apply as described in Section 2.02, then the terms of this Section 2.03 apply separately to each Fund, unless otherwise stated.) Amounts allocated or transferred to a Separate Account are used to purchase Accumulation Units of that Account. Units are redeemed when amounts are deducted, transferred or withdrawn. The number of Accumulation Units in a Separate Account at any time is equal to the number of Accumulation Units purchased minus the number of Units redeemed in that Account up to that time. The number of Accumulation Units purchased or redeemed in a transaction is equal to the dollar amount of the transaction divided by the Account's Accumulation Unit Value for that Transaction Date.

  • Adjusted gross proceeds means gross proceeds less cash prizes, cost of

  • Retained Earnings means the retained earnings of an FHLBank calculated pursuant to GAAP.

  • 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.

  • Consolidated Cash Taxes means for any period for Consolidated Parties 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.

  • Consolidated Cash Interest Expense means, for any period, Consolidated Interest Expense for such period excluding, however, any interest expense not payable in Cash (including amortization of discount and amortization of debt issuance costs).

  • Net Cash means the cash proceeds (net of cash taxes paid and reasonable and customary costs paid to unrelated and unaffiliated third parties in connection with a particular transaction) arising from any Excess Cash Event.

  • Base Period Income is an amount equal to Executive's "annualized includable compensation" for the "base period" as defined in Sections 280G(d)(1) and (2) of the Code and the regulations adopted thereunder. Generally, Executive's "annualized includable compensation" is the average of Executive's annual taxable income from Company for the "base period," which is the five calendar years prior to the year in which the Change of Control occurs. These concepts are complicated and technical and all of the rules set forth in the applicable regulations apply for purposes of this Agreement.

  • Deferred Revenue is all amounts received or invoiced in advance of performance under contracts and not yet recognized as revenue.