Released Cash definition

Released Cash means the amount of money which must be paid to the Government in order for the Government to release the Embargo, being the full amount of the tax claim pursuant to the Tax Litigation together with interest thereon to the date of payment;
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Released Cash is defined in Subpart 3.1.
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Examples of Released Cash in a sentence

  • The terms for the return of the Released Cash to the Buyer shall be as set out in the Amermin Side Letter.

  • Notwithstanding the foregoing, the Parties hereto agree that on Closing in escrow on the Escrow Deposit Date, the Closing Documents (exclusive of the Amermin Side Letter, the Interim Power of Attorney and the Escrow Agreement) and the Initial Cash Payment (less the Released Cash) shall be deposited into escrow with the Escrow Agent, to be dealt with as provided in the Escrow Agreement.

  • Without limiting the above, the Borrower, the Lender and IQ shall execute any other document and do all such acts and things as may reasonably be required to give effect to the relevant partial release of the Charged Asset in an amount equivalent to the Released Cash Collateral for that Utilization in accordance with this Agreement.

  • For the avoidance of doubt, each LC Issuing Bank and each Lender party hereto hereby authorizes the Collateral Agent to so release and transfer such Released Cash Collateral in accordance with this Section 3.

  • Following the Closing Date, Buyer shall use all reasonable efforts to have the Restricted L/C Cash released as security for the Specified LCs. In that regard, if all or any portion of the Restricted L/C Cash is so released and not otherwise replaced with restricted cash, a reduction in borrowing availability or any other security from the Buyer (the “Released Cash”), then all such Released Cash shall be paid to Sellers within five (5) days of the Buyer’s receipt thereof.

  • The Loan Parties shall not permit Qualified Cash at any time to be less than the sum of (i) $70,000,000, plus (ii) the Released Cash Amount at such time.

  • The Exchange Agent will then disburse to the Blocker Securityholders and Non-Blocker Members (in proportion to their respective Pro Rata Portion of the Escrow Fund) the portion of the Released Cash released for the benefit of the Blocker Securityholders and Non-Blocker Members in accordance with the payment delivery instructions set forth in such Blocker Securityholder’s and Non-Blocker Member’s Letter of Transmittal.

  • If the Restricted L/C Cash has not been so released by May 1, 2014, then Buyer shall pay to the Sellers cash in the amount of $400,000, and all further obligations of Buyer to the Sellers with respect to any Released Cash received by Buyer thereafter shall terminate.

Related to Released Cash

  • Trapped Cash means any cash, checks, rental deposits and bank credit balances that are subject to any restrictions or local exchange control, Tax or other requirements, such that the full amount of such deposits cannot be accessed within 90 days (for the avoidance of doubt, any cash, checks, rental deposits and bank credits balances that are subject statutory reserve that the Company’s PRC Subsidiaries are required to set aside pursuant to PRC laws shall be not be treated as “Trapped Cash”); provided, that any amounts that are subject to short term investments or time deposits with maturities less than 363 days as of any relevant time of determination shall not be deemed “Trapped Cash” unless after such maturity, they would be subject to any of the aforesaid restrictions.

  • Restricted Cash means cash and Cash Equivalents held by Restricted Subsidiaries that is contractually restricted from being distributed to the Borrower.

  • Unrestricted Cash and Cash Equivalents means, with respect to any Person, cash and Cash Equivalents of such Person that are free and clear of all Liens and not subject to any restrictions on the use thereof to pay Indebtedness and other obligations of such Person.

  • Unrestricted Cash means cash or cash equivalents of the Borrower or any of its Subsidiaries that would not appear as “restricted” on a consolidated balance sheet of the Borrower or any of its Subsidiaries.

  • 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.