Retained Excess Cash definition

Retained Excess Cash means Excess Cashflow (as defined in the Senior Facilities Agreement) in respect of any financial year of the Company ending on or after 1 January 2006 not required to be applied in prepayment of the Senior Facilities in accordance with Clause 11.10 (Excess cash) of the Senior Facilities Agreement.

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Retained Excess Cash means accumulated unspent Excess Cash Flow from previous years identified in the Compliance Certificates delivered with the Annual Financial Statements, in each case to the extent Not Otherwise Applied in accordance with the terms of the Finance Documents.

Retained Excess Cash means accumulated unspent Retained Cash Flow from previous years identified on the consolidated balance sheet of the Group at the beginning of the relevant Financial Year; and

Examples of Retained Excess Cash in a sentence

If more than one action occurs on any given date the permissibility of the taking of which is determined hereunder by reference to the amount of the Cumulative Retained Excess Cash Flow Amount immediately prior to the taking of such action, the permissibility of the taking of each such action shall be determined independently and in no event may any two or more such actions be treated as occurring simultaneously.
In addition to the foregoing Capital Expenditures, the Borrower and its Subsidiaries may make additional Capital Expenditures in an aggregate amount up to the Cumulative Retained Excess Cash Flow.
Except in respect of any Retained Excess Cash Flow, no Credit Party shall make or agree to make any loans to Cheniere Energy, Inc.
If more than one action occurs on any given date, the permissibility of the taking of which is determined hereunder by reference to the amount of the Cumulative Retained Excess Cash Flow Amount immediately prior to the taking of such action, the permissibility of the taking of each such action shall be determined independently and in no event may any two or more such actions be treated as occurring simultaneously.
Capitalized Research and Development Costs shall not exceed $12 million for the fiscal year ended in March 2005; the sum of (a) $10 million and (b) $12 million minus the amount of Capitalized Research and Development Costs for the fiscal year ended in March 2005, for the fiscal year ended in March 2006; and, for each fiscal year thereafter, the sum of $10 million and Retained Excess Cash Flow for the previous fiscal year.
No later than one hundred (100) days after the end of each Excess Cash Flow Period, a certificate of a Responsible Officer of the Borrower containing information regarding the calculation of Excess Cash Flow and Cumulative Retained Excess Cash Flow in reasonable detail for such Excess Cash Flow Period.
The Borrower will not open or maintain any deposit account, other than the Debt Service Reserve Account, the Capital Contribution Reserve Account and, the Retained Excess Cash Flow Cash Collateral Account, except for the Operating Expense Account expressly permitted by Section 5.01(l) of the Credit Agreement without the prior consent of the Collateral Agent.

More Definitions of Retained Excess Cash

Retained Excess Cash has the meaning given to it in Clause 21.3 (Financial Definitions);

Retained Excess Cash means in each Financial Year, the amount of Excess Cash Flow remaining after the application of paragraph (c) of Clause 13.2 (Disposal, Insurance and Acquisition Proceeds, Excess Cashflow and Escrow).

Retained Excess Cash. Flow in respect of the immediately preceding fiscal year or (D) with all or any portion of the Available Basket Amount); minus