Ending Cash definition

Ending Cash is on any day, under GAAP, the cash on Borrower’s consolidated balance sheet. “Ending Accounts Receivable” is on any day, under GAAP, the accounts receivable on Borrower’s consolidated balance sheet. “Environmental Laws” means any applicable federal, state, or local laws, ordinances, rules or regulations in effect on each of the Effective Date and Funding Date relating to (a) protection of the air, water, land, natural resources, biological resources, or cultural resources, or (b) the exposure to, or generation, use, handling, release, treatment, storage, disposal and transportation of, Hazardous Materials, in each case, including the Comprehensive Environmental Response, Compensation and Liability Act (42 U.S.C. §§ 9601 et seq.), as amended by the Superfund Amendments and Reauthorization Act of 1986, the Emergency Planning and Community Right to Know Act (42 U.S.C. §§ 11001 et seq.), the Resource Conservation and Recovery Act of 1976 (42 U.S.C. §§ 6901 et seq.), as amended by the Hazardous and Solid Waste Amendments Act of 1984, the Clean Air Act (42 U.S.C. §§ 7401 et seq.), the Clean Water Act (33 U.S.C. §§ 1251 et seq.), the Toxic Substances Control Act (15 U.S.C. §§ 2601 et seq.), the Safe Drinking Water Act (42 U.S.C. §§ 300f et seq.), the Oil Pollution Act of 1990 (33 U.S.C. §§ 2701 et seq.), the Hazardous Materials Transportation Act (49 U.S.C. §§ 5101 et seq.), the National Environmental Policy Act (42 U.S.C. §4321 et seq.), and any similar or analogous state and local statutes and any regulations promulgated thereunder. “Equipment” is all “equipment” as defined in the Code with such additions to such term as may hereafter be made, and includes without limitation all machinery, fixtures, goods, vehicles (including motor vehicles and trailers), and any interest in any of the foregoing. “ERISA” is the Employee Retirement Income Security Act of 1974, and its regulations. “Event of Default” is defined in Section 8. “Exchange Act” is the Securities Exchange Act of 1934, as amended. “Exit Premium” is, with respect to an outstanding Term Loan being prepaid in connection with a Change in Control, the lesser of (i) twelve (12) months of interest on the principal of such Term Loan or (ii) the aggregate of all scheduled interest through the Maturity Date of such Term Loan, in each case at the interest rate set forth in Section 2.4. “Expected Backlog Margin” is on any day, under GAAP, the gross profit margins Borrower reasonably expects to earn on the Eligible...
View Source
Ending Cash shall be calculated in a manner consistent with the calculation thereof in the Budget, and any expenses in the Budget that are not incurred in any month may be carried over to any subsequent month; and
View Source

Examples of Ending Cash in a sentence

  • No later than fifteen (15) days prior to the start of each fiscal quarter covered by the 4-Year Fixed Financial Support Plan, the Company will determine (a) the Projected Ending Cash Balance for such fiscal quarter, and (b) whether there is an Operations Shortfall with respect to such fiscal quarter.

  • The Borrower shall not permit its Adjusted Pre-Tax Income; determined as at the end of each fiscal quarter, commencing with the fiscal quarter ending September 30, 1994, for the quarter then ended, to be less than Debt Service for such quarter; nor shall the Borrower permit its Ending Cash Balance to fall below seventy-five percent (75%) of the Operating Reserve Amount.

  • The Company shall promptly determine, and report to the Bank, the Company's actual balance of cash on hand as of the last day of each calendar month (cash on hand to be determined after giving effect to principal and interest payments, if any, due on the date of determination and the amount so determined, for each month, to be referred to herein as that month's "Actual Ending Cash Balance").

  • ZAZA ENERGY CORPORATION /s/ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ By: ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ EMPLOYEE /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ Annual STI Award will be based on achievement of (1) achievement of Average Daily Production or Reserve metrics as described below and (2) Minimum Ending Cash Balance of $5,000,000 as of the last day of the applicable fiscal year.

  • ZAZA ENERGY CORPORATION /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇ By: ▇▇▇▇▇▇ ▇▇▇▇▇▇ Title: CHAIRMAN EMPLOYEE /s/ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Annual STI Award will be based on achievement of (1) achievement of Average Daily Production or Reserve metrics as described below and (2) Minimum Ending Cash Balance of $5,000,000 as of the last day of the applicable fiscal year.

  • Projected cash flow statement- attach a separate sheet showing a monthly cash flow for the first two years : (Hint: Ending Cash should always be a positive number; you may have to borrow money to make it positive) Example: Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec Jan Feb…..