Actual Cash Balance definition

Actual Cash Balance means the amount (if any) of the Company and its Subsidiaries cash in hand or in the bank accounts on the Closing Date, in excess of the reserves that the Company is required to maintain under the GMAC Loan Agreement on the Closing Date.

Actual Cash Balance means the amount of cash and cash equivalents, as set forth on the Actual Closing Balance Sheet.

Actual Cash Balance has the meaning set forth in Section 2.14(b).

Examples of Actual Cash Balance in a sentence

• The Actual Cash Balance denominated in a currency other Australian dollars will be converted into Australian dollars at the midpoint Australian dollar spot rate of exchange applicable to such other currency as quoted by Bloomberg at or about 10:00am (Sydney time) on the Completion Date.

• Following the Closing, the Seller and the Purchaser shall cooperate in good faith with each other to jointly determine, as promptly as practicable, but in any event within thirty (30) days after the Closing Date, the actual Cash Balance as of the close of Business on the day immediately preceding the Closing Date (the “Actual Cash Balance”), the Actual Cash Balance so determined by the parties shall be considered final, and for all purposes under this Agreement will be the Actual Cash Balance.

• If the specified Minimum Cash Balance for the Company exceeds the Company's Actual Cash Balance as of the end of the previous month, then such investment will be in the form of equity in exchange for shares of Ordinary Stock, to the extent of such difference, and the balance, if any, will be in the form of Subordinated Debt.

• Buyer will provide Seller, Customer and Agent with a report reflecting the reconciliation results (the “Reconciliation Report”) as soon as commercially practicable after the Cut-Off Date, but no later than forty-five (45) days thereafter and will notify Seller, Customer and Agent of any suspected discrepancies between the Actual Cash Balance and the ATM Cash Balance within five (5) Business Days of Buyer’s receipt of ATM Balancing information.

• No later than 2:00 p.m. (Chicago time) on the third Business Day of each calendar month, the Company hereby agrees to pay the principal of the Term Loans (to be allocated as between such Loans as the Bank deems appropriate) in an amount equal to 50% of the excess (if any) of (x) Actual Cash Balance as of the last day of such month over (y) $350,000.

More Definitions of Actual Cash Balance

Actual Cash Balance means (i) the amount of Cash of the Company and its Subsidiaries as of Closing, and (ii) as applicable, (A) plus the amount by which the Accounts Receivables Amount as of Closing exceeds the Accounts Receivables Amount as of March 31, 2010 (which is equal to US$9,340,628), or (B) minus the amount by which the Accounts Receivables Amount as of March 31, 2010 (which is equal to US$9,340,628) exceeds the Accounts Receivables Amount as of Closing. "Affiliate" of any Person means another Person that directly or indirectly, through one or more intermediaries, Controls, is Controlled by, or is under common Control with, such first Person.

Actual Cash Balance means the aggregate Cash of the Companies as of the Reference Time, as determined in accordance with the Accounting Practices and Procedures.

Actual Cash Balance means, at any given time, the actual balance of Tenant’s “cash and cash equivalents,” and “cash and cash equivalents” means the aggregate amount of the following, to the extent owned by Tenant free and clear of all loans, repayment obligations, encumbrances and rights of others: (i) cash on hand; (ii) dollar demand deposits maintained in the United States with any commercial bank and dollar time deposits maintained in the United States with, or certificates of deposit having a maturity of five years or less issued by, any commercial bank or other financial institution acceptable to the Landlord; (iii) direct obligations of, or unconditionally guaranteed by, the United States and having a maturity of five years or less; and (iv) readily marketable commercial paper having a maturity of five years or less, issued by any corporation organized and existing under the laws of the United States or any state thereof or the District of Columbia and rated by Standard & Poor’s or Xxxxx’x (or, if neither such organization shall rate such commercial paper at any time, rated by any nationally recognized rating organization in the United States) with the highest rating assigned by such organization.

Actual Cash Balance. Section 3.09(a) “Actual Leverage” Section 3.09(a) “Actual Liquidity” Section 3.09(a) “Additional Amounts” Section 4.12(a) “Additional Dollar Notes” Recitals “Additional Euro Notes” Recitals “Additional Notes” Recitals “Additional Intercreditor Agreement” Section 4.23(a) “Affiliate Transaction” Section 4.10 “Agents” Section 2.03 “Applicable Amount” Section 4.01(b) “Applicable Law” Section 7.16 “Applicable Procedures” Section 2.06(b)(ii)

Actual Cash Balance means an amount, which may be a positive or negative number, equal to (a) the aggregate cash balances of the Company’s bank accounts and cash equivalents of the Company, in each case as of the Effective Time, plus all checks and funds received by any of the Company or its banks as of the Effective Time, regardless of whether cleared, less (b) the sum of the amount of any outstanding uncleared checks, drafts or wire transfers or overdrafts or other similar fees of the Company, in each case, as determined in accordance with GAAP.

Actual Cash Balance for any day shall mean the actual cash balance of Reorganized Avianca S.A. as reflected on its books and records on the last Business Day of the immediately preceding month, provided that if the average age of Reorganized Avianca S.A.'s and its Subsidiaries' payables on said last Business Day shall have been in excess of 40 days as the result of Oceanair's having, directly or indirectly, instructed or required Reorganized Avianca S.A., without the prior consent of the Creditors Representative, to permit the average age of its payables to exceed 40 days, then the Actual Cash Balance shall be decreased by the amount of payments that would have had to be made by Reorganized Avianca S.A. so that the average age of Reorganized Avianca S.A.'s payables on said last Business Day would not have exceeded 40 days, said average age of payables in each case to be calculated in a manner acceptable to Oceanair and the Creditors Representative.

Actual Cash Balance means the amount of the Cash at 11.59pm on the day immediately preceding the Completion Date;