Operating Cash definition
Operating Cash. Flow: for any period for each Borrower, the net income of such Borrower for such period:
Operating Cash means, without duplication, (a) cash maintained in the cash registers in the Stores in the normal course of business and consistent with past practices, (b) minimum balances maintained in DDAs consistent with past practices, and (c) minimum balances maintained in Blocked Accounts consistent with past practices, provided that Operating Cash described in the foregoing clauses (b) and (c) shall not exceed $500,000 in the aggregate at any time.
Operating Cash means all teller working cash, ▇▇▇▇▇ cash, vault cash and any other cash of HRB Bank located at the Bank Office or in the ATM, as of the close of business on the Closing Date.
Examples of Operating Cash in a sentence
Prior to the Closing Date, subject to applicable Law, the Seller shall use its commercially reasonable efforts to cause the Company to distribute all Operating Cash (including, for the avoidance of doubt, any Operating Cash that would be accounted for in lines 1000 or 1050 of the Recent Balance Sheet) to the Seller or another Debtor.
Notwithstanding the foregoing, and for the avoidance of doubt, (a) in no event shall the Seller cause any Restricted Cash to be distributed in connection with this Section 4.15 and (b) the Parties acknowledge and agree that any Operating Cash that is not distributed to the Seller or another Debtor pursuant to this Section 4.15 shall be considered part of the Closing Operating Cash Amount hereunder and treated in accordance therewith for all purposes of this Agreement.
For the avoidance of doubt, all references to Operating Cash in this Section 1.4 shall exclude Restricted Cash.
More Definitions of Operating Cash
Operating Cash means Parent’s operating cash and Cash Equivalents on hand for its business and operations.
Operating Cash means the minimum amount of cash required to be held at each Transferred Entity, as detailed on Schedule VII.
Operating Cash means with respect to the Borrower, at any time, an amount equal to (a) Cash plus equivalents (including, credit card receivables) minus (b) the sum of (i) any amount accrued to pay taxes and (ii) those portions of Current Liabilities that are overdue or otherwise aged beyond thirty (30) days.
Operating Cash means, with respect to the Operating Companies as a group, cash and cash equivalents (exclusive of Restricted Cash) in the total amount of $13 million. With respect to each individual Operating Company, Operating Cash shall mean cash and cash equivalents (exclusive of Restricted Cash) in the following amounts: FRI - $3 million; 101 Main - $2.5 million; FLVI - $3.5 million; and FMI $4 million.
Operating Cash means, as of any date, any Cash held as of such date by each Transferred Company or Subsidiary thereof listed on the attached Schedule V in an amount not to exceed the amount of cash set forth opposite the name of such Transferred Company or Subsidiary thereof on the attached Schedule V.
Operating Cash. Flow shall mean, with respect to Gearon, for any period: (a) net revenues of Gearon, determined in accordance with GAAP, for such period, less (b) operating expenses (inclusive of taxes and corporate overhead, selling and administrative expenses); provided, however, that such corporate overhead, selling and administrative expenses shall not include (i) non-cash operating expenses, (ii) any expense attributable to the issue of shares of Gearon Common Stock to the Gearon stockholders listed in Section 3.1(b)(i), or (iii) any expenses attributable to special cash bonuses paid to Gearon stockholders to the extent such bonuses are funded out of the sum of Net Working Capital at September 30, 1997 and cash capital contributions made to Gearon by the Gearon Stockholder subsequent to September 30, 1997. Organic Document shall mean, with respect to a Person which is a corporation, its charter, its by-laws and all shareholder agreements, voting trusts and similar arrangements applicable to any of its capital stock and, with respect to a Person which is a partnership, its agreement and certificate of partnership, any agreements among partners, and any management and similar agreements between the partnership and any general partners (or any Affiliate thereof). PBGC shall mean the Pension Benefit Guaranty Corporation and any Entity succeeding to any or all of its functions under ERISA. Permitted Liens shall mean (a) Liens for current taxes not yet due and payable, (b) such imperfections of title, easements, encumbrances and mortgages or other Liens, if any, as are not, individually or in the aggregate, substantial in character, amount or extent and do not materially detract from the value, or materially interfere with the present use, of the property subject thereto or affected thereby, or otherwise materially impair the conduct of the Gearon Business or the businesses of ATS and ATSI, as the case may be, and (c) such other Liens as are permitted by the provisions of this Agreement to be in place on the Closing Date. Person shall mean any natural individual or any Entity.
Operating Cash means cash held by the Company for daily operations, and excludes cash held for tax obligations and distributions, and cash held by the Company pursuant to any loan or other obligations that imposes restrictions on the use of such cash.