Net Cash Position means on any day, with respect to the Operating Account, a sum equal to the opening available balance in the Operating Account, plus any maturing investment principal and interest credited to the Operating Account, minus the daily presentment of checks and Operating Account holds, minus any floor balance which has been established to cover bank charges, minus any maturing interest debited to the Operating Account, in each case for such day.
Net Cash Position shall have the meaning set forth in the Services Agreement.
Net Cash Position means an amount equal to the Cash and Cash Equivalents less the aggregate gross interest bearing debt of the Group on a consolidated basis according to the annual audited financial statements for the previous financial year.
Examples of Net Cash Position in a sentence
For a reconciliation of Net Cash Position to Cash and Cash Equivalents, see the Unaudited Reconciliation of Cash and Cash Equivalents to Net Cash Position and Net Cash Available at the end of this release.
The documentation utilized and the process through which PwC analyzed the investor’s Net Cash Position is outlined in Section 5.3 “Special Purpose Entity Analysis Overview” and Exhibit 37.
The effects of subsequent events that provide evidence about conditions that existed at the Statement of Net Cash Position date are recognized in the accompanying financial statements.
In his open letter addressed to the head of state, a judge of the International Crimi- nal Tribunal for the former Yugoslavia (2002–2005) V.
Not later than July 31, 2006, the Comptroller General shall submit to the Committees on Armed Services of the Senate and the House of Representatives a report on the actuarial soundness of the Survivor Benefit Plan program under subchapter II of chapter 73 of title 10, United States Code.
More Definitions of Net Cash Position
Net Cash Position means, as of any date, an amount equal to the sum of the cash and debt items of the Company or any Company Subsidiary, calculated on a consolidated basis, to the extent such items are included in the line items set out in the form of the Net Cash Statement, attached hereto as Schedule 2.7(a)(i).
Net Cash Position means the amount of cumulative ISA Funds received by an ISA from the Trustee, plus any portion thereof returned to the ISA by grantees or otherwise, less cumulative disbursements and use thereof by the ISA, less any portion thereof returned to the Trustee by the ISA.
Net Cash Position means an amount equal to the Cash and Cash Equivalents of the Group, less any amount drawn under the Permitted Credit Facility, on a consolidated basis in accordance with the Accounting Principles, calculated as per a testing date determined by the Issuer, falling no more than one month prior to the payment of the relevant Restricted Payment.
Net Cash Position means (i) the sum of the Company’s (x) “cash and cash equivalents,” (y) “investment in marketable securities – current,” and (z) “investment in marketable securities – long term,” less (ii) the sum of (x) the Company’s “current portion long-term debt” and (y) the Company’s “long term debt,” all as determined in accordance with GAAP.
Net Cash Position. As at 30th April 2005, the aggregate consolidated amount of the cash (disponibilités) and cash equivalents and short term securities (valeurs mobilières de placement) of the Group Companies as at 30th April 2005 together with any interests and/or latent capital gains accrued thereon as at 30th April 2005 but not accounted for as at 30th April 2005, provided, however, that all checks signed by the Group Companies but not yet cleared by any of the Group Companies’ banks on 30th April 2005 and all bank transfers ordered by the Group Companies but not debited from the Group Companies’ bank accounts as at 30th April 2005 shall be deducted, whilst all checks received by the Group Companies but not yet credited on 30th April 2005 and all bank transfers ordered by a third party but not yet credited to the Group Companies accounts shall be added.
Net Cash Position means the difference between the Company's cash minus the Company's liabilities (net of legal reserves of $125,250 and warranty reserves of $50,000, provided, that no adjustment to such reserve accounts shall have been made (or shall have reason to be made) prior to the Effective Time and no payments against such reserves shall have been made (or shall have reason to be made) prior to the Effective Time) as of the Effective Time. For purposes of determining the Company's compliance with this Section 5.1(r) only as of the Effective Time, the calculation of Net Cash Position immediately prior to the Effective Time may be adjusted to the extent legal, SEC and printing fees incurred by the Company for services directly associated with the transactions contemplated by this Agreement, in the aggregate, exceed $120,000. In addition, the Permissible Shortfall shall be increased by $7,000 for each calendar day subsequent to October 31, 2001 and prior to the Effective Time.
Net Cash Position means the amount computed in accordance with the formula set forth on SCHEDULE 2.4.2.