Surplus Cash Amount definition
Surplus Cash Amount means the surplus left over after all amounts payable in accordance with items
Surplus Cash Amount means an amount equal to the excess, if any, of (1) the Adjusted Cash Amount over (2) $20,000,000. If the Adjusted Cash Amount does not exceed $20,000,000, the Surplus Cash Amount shall be zero.
Surplus Cash Amount as of the date of determination means an amount equal to the greater of (a) zero and (b) the amount by which the aggregate of all cash and Cash Equivalents of Borrowers and their Subsidiaries as of such date exceeds $10,000,000.” Swap Obligation: with respect to any Obligor, any obligation to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act. Taxes: all present or future taxes, levies, imposts, duties, deductions, withholdings, assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. Term Loan: a term loan made to the Borrowers pursuant to Section 2.2 which shall include the outstanding principal amount of the Term Loan (under and as defined in the Second Amended and Restated Loan Agreement) immediately prior to giving effect to this Agreement.
Examples of Surplus Cash Amount in a sentence
Sellers shall use their respective commercially reasonable efforts to ensure that any Retained Taxes that the Sellers determine will be paid are in fact paid or caused to be paid prior to the Surplus Cash Amount Release Date.
More Definitions of Surplus Cash Amount
Surplus Cash Amount means the surplus left over after all amounts payable in accordance with items (a) to (f) of the Priority of Payments have been made in full provided, however, that the Surplus Cash Amount as of any Interest Payment Date shall not include any amounts paid by the Investment Provider or Protection Buyer on or prior to such Interest Payment Date in respect of amounts payable during the Interest Period relating to such Interest Payment Date or any amount constituting Investment under the Investment Agreement until the date on which no
Surplus Cash Amount means an amount equal to 100% of the cash remaining (i) in the Professional Fee Reserve, after the claims asserted by the DIP ABL Lenders and DIP Term Agent have been Paid in Full (as defined in the DIP Order) and (ii) the cash set aside for use in connection with the wind-down of the Sellers’ estates pursuant to the wind-down budget approved by the Bankruptcy Court, in each case after payment of the fees of the professionals retained pursuant to sections 327 and 1101 of the Bankruptcy Code in the Bankruptcy Cases and Taxes due and owing by Sellers.
Surplus Cash Amount means, on any date, an amount equal to the lesser of (i) $40,000,000 and (ii) the excess, if any, of (x) the amount of cash and Permitted Investments (other than Restricted Cash) of the Borrower and the Restricted Subsidiaries (but not of any Unrestricted Subsidiary) that would be reflected on a consolidated balance sheet of the Borrower and the Restricted Subsidiaries as of such date prepared in accordance with GAAP over (y) the Minimum Cash Amount as of such date."