Unrestricted Cash definition

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.

Unrestricted Cash. The meaning of “Unrestricted Cash” or any comparable definition in the Underlying Instruments for each Loan, and in any case that “Unrestricted Cash” or such comparable definition is not defined in such Underlying Instruments, all cash available for use for general corporate purposes and not held in any reserve account or legally or contractually restricted for any particular purposes or subject to any lien (other than blanket liens permitted under or granted in accordance with such Underlying Instruments), as reflected on the most recent financial statements of the relevant Obligor that have been delivered to the Borrower.

Unrestricted Cash means all cash and cash equivalents other than restricted cash.

Examples of Unrestricted Cash in a sentence

• Accordingly, before the Petition Date the Debtors opened three Header Accounts at Signature Bank (one for the International Cash Pool Leader and two for the US Cash Pool Leader) and two Header Accounts at Citizens Bank, both of which are U.S. Trustee authorize d depositories and not an RCF Lender, and transferred substantially all of the Unrestricted Cash held by each Cash Pool Leader to one or more of their Header Accounts.

• Historically, the Debtors would leave these amounts on deposit in Concentration Accounts or invest the excess Unrestricted Cash in Investment Accounts linked to the applicable Concentration Account.

• The Debtors intend to use the Unrestricted Cash tofund their operations in the ordinary course of business and the costs of these Chapter 11 Cases in accordance with the 13-week cash flow forecast attached as Exhibit A to this Motion(the “Budget”).3 The Debtors are not seeking approval of a cash collateral or debtor-in-possession financing order at the outset of these cases.

• Postpetition, as discussed above, the Debtors will sweep excess Unrestricted Cash to the applicable Cash Pool Leader’s Header Account and will transfer the funds back to the appropriate Concentration Accounts on an as-needed basis.

• Postpetition, the Debtors’ will keep substantially all of the Unrestricted Cash on deposit in the Header Accounts and transfer cash between the applicable Header Accounts and Concentration Accounts of each Cash Pool Leader on an as-needed basis.

More Definitions of Unrestricted Cash

Unrestricted Cash means an amount (if greater than zero) equal to (a) cash and Cash Equivalents of the Loan Parties and their Subsidiaries that are not subject to any Lien (excluding statutory liens in favor of any depositary bank where such cash is maintained), minus (b) the sum of amounts included in the foregoing clause (a) that are with a Person other than the Borrower and its Subsidiaries as escrows, deposits or security for contractual obligations.

Unrestricted Cash means cash, Cash Equivalents and Marketable Securities of the Borrower and the Guarantors that are free and clear of all Liens and not subject to any restrictions (other than with respect to costs of liquidating certain Cash Equivalents prior to maturity).

Unrestricted Cash means cash and Cash Equivalents that are not subject to any pledge, lien or control agreement, less (a) $10,000,000, (b) amounts normally and customarily set aside by Prologis for operating capital and interest reserves and (c) amounts placed with third parties as deposits or security for contractual obligations.

Unrestricted Cash means the aggregate amount of cash and Cash Equivalents held in accounts on the consolidated balance sheet of Borrower and its Restricted Subsidiaries to the extent that the use of such cash for application to payment of the Obligations or other Indebtedness is not prohibited by law or any contract or other agreement and such cash is and Cash Equivalents are free and clear of all Liens (other than Liens in favor of the Collateral Trustee) and Liens permitted pursuant to Section 7.01(p)(i) hereof.

Unrestricted Cash means any cash or Permitted Investments not held (or required to be held) in any Collection Account, Account, Rent Deposit Account or Security Deposit Account, to the extent the cash value thereof could be distributed as a Restricted Junior Payment by a Loan Party pursuant to Section 4.2.12 on such date.

Unrestricted Cash means, as of any date, all cash and Cash Equivalents of the Borrower and its Restricted Subsidiaries as of such date that would not appear as “restricted” on the Required Financial Statements, determined on a consolidated basis in accordance with GAAP, determined based upon the most recent month-end financial statements available internally as of the date of determination, and calculated on a Pro Forma Basis.

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