Released Cash Amount definition

Released Cash Amount means, in relation to each Additional Vessel, the amount released or to be released from the Substitute Cash Collateral in such amount so that the ratio of the Security Value (excluding the Substitute Cash Collateral) to the Net Facility Amount immediately after such release is equal to the greater of:
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Released Cash Amount means (i) in relation to “NAVIOS ORBITER”, the Cash Collateral multiplied by the ratio of its Valuation Amount to the aggregate Valuation Amounts of both “NAVIOS AURORA” and “NAVIOS ORBITER” obtained by the Security Trustee as at 23 October 2007 and (ii) in relation to “NAVIOS AURORA” the whole of the Cash Collateral Amount;
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Released Cash Amount means (i) in relation to “NAVIOS ORBITER”, the Cash Collateral multiplied by the ratio of its Valuation Amount to the aggregate Valuation Amounts of both “NAVIOS AURORA” and “NAVIOS ORBITER” obtained by the Security Trustee as at 23 October 2007 and
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Examples of Released Cash Amount in a sentence

  • 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.


More Definitions of Released Cash Amount

Released Cash Amount is defined in Section 7.12(a).
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Released Cash Amount has the meaning set forth in Section 1.10(g).
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Related to Released Cash Amount

  • Unrestricted Cash Amount means, as to any Person on any date of determination, the amount of (a) unrestricted Cash and Cash Equivalents of such Person whether or not held in an account pledged to the Collateral Agent and (b) Cash and Cash Equivalents of such Person restricted in favor of the Facilities (which may also include Cash and Cash Equivalents securing other Indebtedness secured by a Lien on any Collateral along with the Facilities), in each case as determined in accordance with GAAP; it being understood and agreed that proceeds subject to Escrow shall be deemed to constitute “restricted cash” for purposes of the Unrestricted Cash Amount.

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Cash Amount means an amount of cash per Partnership Unit equal to the Value on the Valuation Date of the REIT Shares Amount.

  • Closing Cash Amount means the amount of cash and cash equivalents held by the Company and the Company’s Subsidiaries, net of outstanding checks, as of the close of business on the day immediately preceding the Closing Date.

  • Daily Cash Amount means, with respect to any VWAP Trading Day, the lesser of (A) the applicable Daily Maximum Cash Amount; and (B) the Daily Conversion Value for such VWAP Trading Day.