PT Cash definition

PT Cash means Cash in an amount to be determined by the Creditors’ Committee and the Exit Lender (and which shall be reasonably acceptable to the PT Beneficiary) to fund the initial administrative expenses of the Property Trust related to a PT Property, which Cash shall be provided by the Liquidating Trust to the Property Trust from Available Cash or the proceeds of the Liquidating Trust Promissory Note on the date that such PT Property is transferred to the Property Trust.
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Examples of PT Cash in a sentence

  • The Trust Company shall be reimbursed from the PT Cash for its reasonable expenses (including reasonable attorneys’ fees) incurred in the performance of its duties as the PT Trustee hereunder.

  • The PT Cash may be funded from proceeds of the Liquidating Trust Promissory Note.

  • After the transfer of the PT Cash, the Liquidating Trust shall have no further obligation to provide any additional Cash to the Property Trust.

  • On the Effective Date, the Liquidating Trust will fund the Property Trust with the PT Cash in the amount of $[ ].

Related to PT Cash

  • Net Cash means the cash proceeds (net of cash taxes paid and reasonable and customary costs paid to unrelated and unaffiliated third parties in connection with a particular transaction) arising from any Excess Cash Event.

  • Uninvested Cash cash available and uninvested by a Trust that may result from a variety of sources, including dividends or interest received on portfolio securities, unsettled securities transactions, strategic reserves, matured investments, proceeds from liquidation of investment securities, dividend payments, or new investor capital.

  • Surplus Cash means, with respect to any period, any revenues of Borrower remaining after paying, or setting aside funds for paying, all the following:

  • Petty Cash means a relatively small amount of cash kept at hand for making immediate payment for miscellaneous small expenses incurred the municipality.

  • Final Cash has the meaning set forth in Section 3.2(b).