Domestic Cash definition
Domestic Cash means cash deposited in a deposit account of a Credit Party that is (a) maintained by a Lending Party, as depository bank (other than Acquired Deposit Accounts), (b) located in the United States and (c) subject to an Account Control Agreement, but not including Cash Collateral Accounts.
Domestic Cash means, as of any date of determination, the amount on such date of all Dollar-denominated cash and cash equivalents (determined in accordance with GAAP) of the Borrower and its U.S. Subsidiaries on deposit or otherwise located in the United States on such date, which cash and cash equivalents are not subject to any Liens (excluding Liens pursuant to Section 6.1 hereof, Liens securing the Existing Senior Credit Facility and Liens permitted under clause (h) of the definition of “Permitted Liens,” but in any event including Liens permitted under clause (l) of the definition of “Permitted Liens”).
Domestic Cash means the amount of cash and Cash Equivalents (other than any proceeds of any Revolving Loans or Swingline Loans) reflected in the bank statements of the Borrower and the Borrower’s Domestic Subsidiaries immediately after giving effect to the Transactions, to the extent such amount is unrestricted as of the Spin-Off Date after giving effect to the Transactions, it being understood that cash required to be remitted to customers representing the face amount of tickets sold shall be deemed to be restricted (including without limitation all payments pursuant to Section 4.04 of the Separation Agreement).
Examples of Domestic Cash in a sentence
Total Net Leverage Ratio (Line I.C.3 ÷ Line I.D.3): ____ to 1.00 2 Domestic Cash means the lesser of (a) 100% of unrestricted and unencumbered Cash of Borrower and its Domestic Subsidiaries maintained in the United States and (b) $500,000,000.
More Definitions of Domestic Cash
Domestic Cash means unrestricted cash and Permitted Investments of the Company, its Domestic Subsidiaries and ABM Aviation UK Limited which are (a) not subject to any Liens (other than Permitted Encumbrances of the type described in clause (h) or (i) of the definition thereof and Liens permitted by Sections 6.02(a) or (k)) and (b) in the case of the Company and its Domestic Subsidiaries, held in an account located in the United States or, in the case of ABM Aviation UK Limited, held in an account located in the United Kingdom.
Domestic Cash means the lesser of (a) 100% of unrestricted and unencumbered Cash of Borrower and its Domestic Subsidiaries maintained in the United States and (b) $500,000,000.
Domestic Cash means, as of any date of determination, the amount on such date of all Dollar-denominated cash, cash equivalents and short-term investments (each determined in accordance with GAAP) of the Borrower and its U.S. Subsidiaries on deposit or otherwise located in the United States on such date, which cash and cash equivalents are not subject to any Liens (excluding Liens permitted under clause (h) of the definition of “Permitted Liens”).
Domestic Cash means, as of any date of determination, the amount on such date of all Dollar-denominated cash, cash equivalents and short-term investments (each as determined in accordance with GAAP) of the Borrower and its domestic Subsidiaries (but only to the extent Agent has a perfected security interest in such Dollar-denominated cash, cash equivalents and short-term investments), that is in Deposit Accounts or Securities Accounts, or any combination thereof, which are maintained by a branch office of the bank or securities intermediary located within the United States and which cash, cash equivalents and short-term investments are not subject to any Liens except the Permitted Liens.
Domestic Cash means, at any time the same is determined, the sum of (i) cash maintained in the Collateral Account at such time plus (ii) unrestricted cash and Cash Equivalents of the Loan Parties and their Domestic Subsidiaries maintained at financial institutions located in the United States at such time.
Domestic Cash means the amount of cash and Cash Equivalents reflected in the financial statements of the Borrower and the Borrower’s Domestic Subsidiaries, to the extent such amount is unrestricted.
Domestic Cash means, at any time the same is determined, the sum of cash and Cash Equivalents of the Loan Parties maintained with the Administrative Agent and its Affiliates, the Lenders and UBS AG at such time; provided that, in each case, such cash and Cash Equivalents shall be subject to a perfected Lien in favor of the Administrative Agent.