Cash at Bank definition

Cash at Bank means all Group cash held at or lodged with any bank or financial institution acceptable to BoS as identified in the Financial Statements and the consolidated management accounts of the Group.

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Cash at Bank means the actual positive £(sterling) cash figure as represents cash held in the Target’s bank accounts as at the Transfer Date as stated in the books and records of the Target excluding the London Show Escrow Accounts.

Cash at Bank means the actual positive cash figure as represents the amount of money held by the Company or the Administrators for the purposes of the administration of the Company In any and all bank accounts from time to time;

Examples of Cash at Bank in a sentence

At all times when the aggregate balance of Borrower’s Cash at Bank and Bank’s affiliates is less than the Deposit Account Threshold, Borrower shall maintain, and shall cause all of its Subsidiaries to maintain, all depository and operating accounts with Bank and all investment accounts with Bank or Bank’s affiliates.
At all times when the aggregate balance of Borrower’s Cash at Bank and Bank’s affiliates equals or exceeds the Deposit Account Threshold, Borrower and its Subsidiaries may maintain Cash balances that exceed the Deposit Account Threshold in depository, operating, and investments accounts outside of Bank or Bank’s affiliates, so long as each such account outside of Bank is subject to a duly-executed account control agreement in favor of Bank, and in form and substance reasonably satisfactory to Bank.
Borrower shall at all times maintain a balance of Cash at Bank of not less than One Million Dollars ($1,000,000).
Borrower acknowledges and agrees that any request by Borrower or any other Person to pay or otherwise transfer funds that would cause Borrower’s balance of Cash at Bank to be less than the amount required pursuant to this Section 6.7(a) shall constitute an Event of Default under this Agreement.
At all times when the aggregate balance of Borrower’s Cash at Bank and Bank’s affiliates equals or exceeds the Deposit Account Threshold, Borrower and its Subsidiaries may maintain Cash balances that exceed the Deposit Account Threshold in depository, operating, and investments accounts outside of Bank or Bank’s affiliates, so long as each such account outside of Bank is subject to a dulyexecuted account control agreement in favor of Bank, and in form and substance reasonably satisfactory to Bank.
At all times, an aggregate balance of Cash at Bank and Bank’s Affiliates (excluding any amounts held in Excluded Accounts) equal to or greater than the aggregate outstanding amount of Obligations.
If, at any time, Borrower fails to maintain an aggregate balance of Cash at Bank plus Cash in an account covered by a control agreement acceptable to Bank of at least $25,000,000, Borrower shall notify Bank within ten (10) days and shall have twenty (20) Business Days comply with the terms of Section 6.9(b)(ii) with respect to all New Subsidiaries created or acquired after the Closing Date.
If, at any time, Borrower fails to maintain an aggregate balance of Cash at Bank plus Cash in an account covered by a control agreement acceptable to Bank of at least $25,000,000, Borrower shall have ten (10) days to comply with the terms of this Section 7.11.
A balance of Cash at Bank, plus Cash at a Bank Affiliate in an account covered by an account control agreement acceptable to Bank, of not less than $25,000,000, calculated on an aggregate basis for Borrower and its Credit Party Subsidiaries and monitored on a daily basis.
Maintenance of Securities and Cash at Bank and Subcustodian Locations.

More Definitions of Cash at Bank

Cash at Bank means the amount of unrestricted cash and Cash Equivalents held by the Borrowers at Banc of California or any of its Affiliates.

Cash at Bank means the amount credited as cash at bank in the Completion Balance Sheet (including for the avoidance of doubt credit for the repayment of the Director’s Loan);

Cash at Bank means the amount of unrestricted cash and Cash Equivalents held by the Borrower at the Administrative Agent or any of its Affiliates.

Cash at Bank means all or any deposits, credit balances and other sums with any financial institution and the accounts in respect of the same (but excluding the Intercompany Receivables Account and the Current Account).

Cash at Bank means the bank balances of the Target Group’s bank