Average Cash definition

Average Cash means the average cash and Cash Equivalents of the Issuer and the Guarantors, on a consolidated basis, for the full fiscal quarter immediately preceding the fiscal quarter in which a Foreign Subsidiary Investment will be made; provided that no portion of such average cash shall be proceeds of debt for borrowed money excluding intercompany Indebtedness , but including, without limitation, proceeds of advances made pursuant to the Working Capital Facility.

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Average Cash means: The average of the amounts shown as cash and cash equivalents on the Company’s balance sheet as of December 31, 2011, March 31, 2012, June 30, 2012, September 30, 2012 and December 31, 2012, determined in accordance with GAAP, excluding any foreign exchange adjustments that are plus or minus 25% or more of the budgeted exchange rate, at the discretion of the Committee.

Average Cash shall be measured without regard to any Indebtedness, or cash or other amounts described in clauses (i), (ii) and (iii) of the definition of Average Cash, existing, incurred, made or distributed, as the case may be, or otherwise set forth on the Financial Statements of HTI, prior to the date of this Agreement.

Examples of Average Cash in a sentence

The Executive's Average Cash Compensation shall be the average of the Executive's base salary and bonus payments during the five calendar year period ending before the date of the Change of Control, or if the Executive has not been employed for all of such five calendar years then the base salary and bonus payments shall be the average of such amounts over the period the Executive was employed by the Bank.
Following a Change of Control of the Holding Company, if this Agreement is terminated pursuant to Section 3(b) or 3(d) and the remaining term of the Agreement under Section 3(a) is one year or less, the Bank or its successor will pay Executive a Severance Benefit equal to one times the sum of the Executive's Average Cash Compensation and the annual contributions the Bank or the Holding Company would have made on the Executive's behalf under the Bank's and the Holding Company's qualified retirement plans.
The Bank or the Holding Company will also continue to provide Executive and his dependents, at the expense of the Bank or the Holding Company, with continuing coverage under all existing life, health and disability programs for a period of years equal to the number by which sum of the Executive's Average Cash Compensation plus qualified retirement plan contributions is multiplied under this Section 3(h)(i).
The Annual Base Salary and Average Cash Incentive Compensation shall be paid out in substantially equal bi-monthly or semi-weekly installments in accordance with WTAM’s payroll practice over twelve months commencing within 60 days after the Date of Termination; provided, however, that if the 60-day period begins in one calendar year and ends in a second calendar year, those amounts shall begin to be paid in the second calendar year.
The Bank or the Holding Company will also continue to provide Executive and her dependents, at the expense of the Bank or the Holding Company, with continuing coverage under all existing life, health and disability programs for a period of years equal to the number by which sum of the Executive's Average Cash Compensation plus qualified retirement plan contributions is multiplied under this Section 3(h)(i).
As of the end of each fiscal quarter, the ratio of (i) Consolidated Average Total Indebtedness minus Consolidated Average Cash on Hand minus the amount of Committed Inventory plus Customer Advances and Deposits to (ii) Consolidated EBITDA shall not be greater than 3.00 to 1.00.
If Executive's employment is terminated for any reason under this Section 9(b) within 12 months of the Effective Date, the Average Cash Compensation shall be the Base Salary plus the target Performance Bonus for fiscal year 2002 as set forth in Section 5(b)(i) hereof.
As of the end of each fiscal quarter, the ratio of (i) Consolidated Average Total Indebtedness minus Consolidated Average Cash on Hand minus Consolidated Average Committed Inventory plus Consolidated Average Customer Advances and Deposits to (ii) Consolidated EBITDA shall not be greater than 3.00 to 1.00.
In the event that the Average Cash Balance is in excess of $6,000,000, Tigrent will sweep the excess into the Cash Collateral Account; provided, however, such deposits shall not be required to the extent the resulting amount of funds then on deposit in the Cash Collateral Account are in excess of the Reserve Goal.
The share received for very pro- Table 1 Average Cash Rent as % of Gross Income Average Cash Rent Paid per Bushel Bushel Equivalent Paid in Cash Rent Year Corn Soybeans Corn Soybeans Corn Soybeans 1996 29% 34% $ .80 $ 2.50 42 bu.

More Definitions of Average Cash

Average Cash means, (a) as of June 30, 2004, the sum of the aggregate amount of cash and Cash Equivalents of the Borrower and its Subsidiaries (i) as of such date of determination, (ii) as of the last day of each of the 3 preceding fiscal months then ended and (iii) as of the Closing Date, divided by 5, (b) as of September 30, 2004, the sum of the aggregate amount of cash and Cash Equivalents of the Borrower and its Subsidiaries (i) as of such date of determination, (ii) as of the last day of each of the 6 preceding fiscal months then ended and (iii) as of the Closing Date, divided by 8, (c) as of December 31, 2004, the sum of the aggregate amount of cash and Cash Equivalents of the Borrower and its Subsidiaries (i) as of such date of determination, (ii) as of the last day of each of the 9 preceding fiscal months then ended and (iii) as of the Closing Date, divided by 11, and (d) as of each date of determination thereafter, the sum of the aggregate amount of cash and Cash Equivalents of the Borrower and its Subsidiaries

Average Cash means the lesser of (a) the sum of (i) the average monthly cash (or cash equivalents) balance during the applicable Measurement Period of HTI (measured on the basis of month-end balances during the Measurement Period), (ii) the average monthly amount owing after the date hereof to HTI from Affiliates of HTI in respect of intercompany advances to such Affiliates (measured on the basis of month-end balances during the Measurement Period), and (iii) amounts distributed after the date hereof to shareholders of HTI as a dividend on, or otherwise in respect of, ownership of shares ("Distributions") (other than (A) any amounts that are otherwise accounted for in computing Equity Value, including as Disposition Proceeds, or (B) any Distributions that are made to or in respect of shareholders of HTI, which are Distributions to the Securityholders in accordance with their pro rata fully diluted, as converted, equity interest), or (b) the total Average Indebtedness during the applicable Measurement Period.

Average Cash means, as of each date of determination, the sum of the aggregate amount of cash and Cash Equivalents of the Borrower and its Subsidiaries (a) as of such date of determination and (b) as of the last day of each of the 11 preceding fiscal months then ended, divided by 12.