Unrestricted Assets definition

Unrestricted Assets means assets that can be converted to cash.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Unrestricted Assets means the aggregate amount of Cash and Cash Equivalents held in accounts on the consolidated balance sheet of Borrower and its Consolidated Subsidiaries, to the extent that (a) the application of such Cash and Cash Equivalents to payment of the applicable Debt is not prohibited by Applicable Law or other agreement and (b) such Cash and Cash Equivalents are free and clear of all Liens (other than Liens permitted under Sections 5.14(j) and 5.14(l)).

Unrestricted Assets means assets that can be converted to cash for financial support. Unrestricted assets shall be considered in the determination of a consumer’s financial liability for services in the sliding fee calculation.

Examples of Unrestricted Assets in a sentence

Notwithstanding the terms of the Design Build Finance and Maintain Agreement and Security Documents, the Agent agrees that the Authority may exercise its rights to have transferred to it or its nominee any Unrestricted Assets following the Termination Date and the Agent will not exercise or seek to exercise any enforcement rights and shall on or before the date any Unrestricted Assets are transferred to the Authority or its nominee, as the case may be, release its security over them.
The Company shall not permit any Unrestricted Subsidiary to engage in any business other than the ownership of Capital Stock of one or more Unrestricted Subsidiaries and the ownership of Unrestricted Assets.
The Borrower will maintain, as at the end of each fiscal quarter of Borrower (commencing with its results as at September 30, 1999), a ratio of Net Quick Unrestricted Assets to Senior Debt, which ratio shall be not less than 1.5 to 1.
The Company shall not permit any Unrestricted Subsidiary to en- gage in any business other than the ownership of Capital Stock of one or more Unrestricted Subsidiaries and the ownership of Unrestricted Assets.
Legacy Health Foundation’s mission will be to promote health (including physical, mental, and social determinants of health) and health equity in the community, solely through the Foundation Unrestricted Assets, the Initial Foundation Funding Amount, the Tranche Payment Amounts, the PacificSource membership interest and the proceeds thereof, grants, unsolicited gifts, and investment returns on the foregoing (i.e., Legacy Health Foundation will not engage in fundraising).

More Definitions of Unrestricted Assets

Unrestricted Assets has the meaning given to it in Schedule E to the Equity Purchase Agreement.

Unrestricted Assets means (i) the Revlon, Inc. Nonpledged Shares, (ii) Capital Stock of Unrestricted Subsidiaries and (iii) all dividends, cash and other property and proceeds (including proceeds of sale) from time to time received, receivable or otherwise distributed in respect of or in exchange for any of the foregoing.

Unrestricted Assets means the aggregate amount of Cash and Cash Equivalents held in accounts on the consolidated balance sheet of the Borrower and its Consolidated Subsidiaries.

Unrestricted Assets means (i) Withdrawn Shares, (ii) Capital Stock of Unrestricted Subsidiaries and (iii) all dividends, cash and other property and proceeds (including proceeds of sale) from time to time received, receivable or otherwise distributed in respect of or in exchange for any of the foregoing.

Unrestricted Assets means those assets as described in Schedule VI, ------------------- together with (i) any properties and assets acquired in consideration or exchange for, or with the proceeds of, the sale, lease, conveyance, disposition or other transfer of, or Recovery Event with respect to, any properties and assets described Schedule VI or the proceeds thereof, and (ii) the proceeds of the sale, lease, conveyance, disposition or other transfer of, or Recovery Event with respect to, any properties and assets described Schedule VI or described in clause (i) above.

Unrestricted Assets means those [Assets], excluding any revenues or cash balances or claims outstanding at the date of transfer under any Sub-Contract, which are required by the Authority or its nominee or any replacement of Project Co for the purposes of the construction, operation or maintenance of the Facilities following termination, assuming such construction, operation or maintenance is carried out on terms substantially the same as the terms of the Design Build Finance and Maintain Agreement.