Cash Deficit definition

Cash Deficit means the shortfall between Rents and Reasonable Operating Expenses.
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Cash Deficit means the amount, if any, by which the Estimated Closing Date Cash exceeds the Final Cash Balance.
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Cash Deficit means when the cash balance of the Corporation is below “minimum cash balance requirements”.
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Examples of Cash Deficit in a sentence

  • Promptly after the Closing, Seller shall deliver to Purchaser a statement (the "Cash Deficit Contribution Statement") setting forth the amount of cash contributed to the Business by Seller between the Effective Date and the Closing in order to keep the Business operating in the ordinary course or as requested by Purchaser (the "Cash Deficit Contribution Amount"), which statement shall bind the Parties in absence of error.

  • For example, if (i) $1,000,000 in Cash Deficit Contributions are required, (ii) Nevada Gold contributes 100% of such amount, and (iii) the aggregate Capital Contributions of all of the Members after the making of the $1,000,000 Cash Deficit Contribution is $19,000,000, then Nevada Gold's Percentage shall be increased by 3.95%, calculated as follows: 150% X $500,000/$19,000,000 = 3.95% Trackpower's Percentage shall be decreased by 1.975% and Southern Tier's Percentage shall be decreased by 1.975%.

  • The Members agree that if either (but not both) Southern Tier or TrackPower is the Non-Contributing Member, then the other shall have the first right but not the obligation to contribute 100% of the portion of the Cash Deficit Contribution of such Non-Contributing Member, such election to be exercised within five (5) days following the Contribution Date.

  • The Members agree that if either (but not both) Southern Tier or TrackPower is the Non-Contributing Member, then the other shall have the first right but not the obligation to contribute 100% of the Cash Deficit Contribution or other amount required by Section 7.1 of such Non-Contributing Member, such election to be exercised within five (5) days following the Contribution Date.

  • Fund the Cash Deficit to the Company, in which event the amount so funded shall constitute a loan from the Contributing Member to the Non-Contributing Member ("Deficit Loan").


More Definitions of Cash Deficit

Cash Deficit means the amount, if any, by which the Closing Cash is less than the Estimated Closing Cash.
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Cash Deficit means the amount, if any, by which the Estimated Closing Date Cash exceeds the Final Closing Date Cash.
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Cash Deficit means the amount, if any, by which Cash on Hand is less than Minimum Cash on Hand.
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Cash Deficit means the amount, if any, by which the amount of (a) Exit Financing Costs and other closing expenses (not to exceed $2 million), Monetization costs, the amount of any proceeds of sales or other dispositions of assets out of the ordinary course consummated after October 14, 1999 (with the exception of the Macon equipment line sale to Groupo P.I.
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Cash Deficit means the amount, if any, by which the Estimated Closing Cash is greater than the Final Closing Cash (as set forth on the Final Closing Statement).
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Cash Deficit means the amount, if any, by which Closing Cash is less than $4,050,000.
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Cash Deficit the meaning set forth in Section 2.3(a).
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