Sources and Uses of Cash Clause Samples

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Sources and Uses of Cash. Sources and uses of cash for the three month period ended March 31, 2013 are as follows (in millions): Net Cash Provided by Operating Activities $ 48.7 Net Cash Provided by (Used in) Investing Activities: Acquisition of Assets (97.0 ) Additions of Property and Equipment (41.9 ) Deferred Drydocking Expenditures (3.1 ) Other 2.8 Total (139.2 ) Net Cash Provided by Financing Activities 0.7 Net Decrease in Cash and Cash Equivalents $ (89.8 ) Our liquidity is comprised of cash on hand, cash from operations and availability under our revolving credit facility. We also maintain a shelf registration statement covering the future issuance from time to time of various types of securities, including debt and equity securities. If we issue any debt securities off the shelf or otherwise incur debt, in certain instances we would be required to allocate the proceeds of such debt to repay or refinance existing debt. We currently believe we will have adequate liquidity to fund our operations. However, to the extent we do not generate sufficient cash from operations we may need to raise additional funds through debt, equity offerings or the sale of assets. Furthermore, we may need to raise additional funds through debt or equity offerings or asset sales to refinance existing debt or for general corporate purposes. In June 2013, we expect we will be required to settle our 3.375% Convertible Senior Notes. As of March 31, 2013, the notional amount of these notes outstanding was $68.3 million. We intend to settle this obligation with cash on hand.
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Sources and Uses of Cash. The Administrative Agent shall have received a statement of the sources and uses of proceeds of the Loans advanced hereunder as of the date hereof.
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Sources and Uses of Cash. As of the last day of each Fiscal Quarter, the ratio of Projected Known Sources to Projected Known Uses for the four consecutive Fiscal Quarters commencing immediately after such day shall not be less than 1.0 to 1.0.
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Sources and Uses of Cash. Historically, our sources of liquidity included funding from Rice Energy and cash generated from operations. Prior to our initial public offering, we historically participated in Rice Energy’s centralized cash management program, whereby excess cash from most of its subsidiaries was maintained in a centralized account. Following the closing of our initial public offering, we maintain our own bank accounts and sources of liquidity and utilize Rice Energy’s cash management system and expertise. The Water Assets have also historically participated in Rice Energy’s centralized cash management program prior to their acquisition. On November 4, 2015, we entered into the Purchase Agreement by and between us and Rice Energy, pursuant to which the we acquired the Water Assets and the Option. In consideration for the acquisition of the Water Assets and the Option, we paid Rice Energy $200.0 million in cash plus an additional amount, if certain of the conveyed systems’ capacities increase by 5.0 MMgal/d on or prior to December 31, 2017, equal to $25.0 million less the capital expenditures expended by the Partnership to achieve such increase, in accordance with the terms of the Purchase Agreement. On November 10, 2015, we completed the private placement of 13,409,961 common units for gross proceeds of approximately $175.0 million (the “Private Placement”) The Private Placement closed on November 10, 2015. We used the net proceeds to repay a portion of the borrowings under our revolving credit facility. As of November 13, 2015, after giving effect to the acquisition of the Water Assets, expansion capital expenditures and the Private Placement proceeds we had $122.0 million of borrowings outstanding under our revolving credit facility. In addition to the retention of a portion of the net proceeds from our initial public offering and proceeds from the private placement of our common units to fund expansion capital expenditures, we expect that capital and liquidity will be provided by operating cash flow and borrowings under our revolving credit facility, discussed below. We expect cash flow from operations to continue to contribute to our liquidity in the future. However, other sources of liquidity will include borrowing capacity our revolving credit facility and proceeds from the issuance of additional limited partner units. We expect the combination of these capital resources will be adequate to meet our short-term working capital requirements, long-term capital expend...
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Sources and Uses of Cash. The following table presents a summary of our cash flows: (in thousands) December 31, 2022 December 31, 2021 Change Net cash provided by (used in) operating activities $ (11,029) $ 10,320 $ (21,349) Net cash provided by (used in) investing activities $ (126,688) $ (41,376) $ (85,312) Net cash provided by (used in) financing activities $ 148,461 $ 34,668 $ 113,793 Net cash used in operations for the year ended December 31, 2022 was $11.0 million, excluding non-cash items, primarily due to increased accounts receivables and inventories driven by higher sales and increased supplier costs driven by inflation and global supply chain disruptions. Net cash provided by operations for the year ended December 31, 2021 was $10.3 million, excluding non-cash items, primarily due to decreased accounts receivable and increased accrued expenses partially offset by increased inventories.
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Sources and Uses of Cash. As of the last day of each Fiscal Quarter, the ratio of Projected Known Sources to Projected Known Uses for the four consecutive Fiscal Quarters commencing immediately after such day shall not be less than 1.0 to 1.0. Section 7. Amendment to "Total Borrowed Funds/Library Cash Flow" Covenant. Section 5.13 of the Credit Agreement is amended by restating the table set forth therein to read in its entirety as follows: ---------------------------------------------------- FISCAL QUARTER ENDING RATIO ---------------------------------------------------- 12/31/97 2.75:1 ---------------------------------------------------- 03/31/98 4.25:1 ---------------------------------------------------- 06/30/98 4.25:1 ---------------------------------------------------- 09/30/98 4.25:1 ---------------------------------------------------- 12/31/98 4.00:1 ---------------------------------------------------- 03/31/99 4.00:1 ---------------------------------------------------- 06/30/99 4.00:1 ---------------------------------------------------- 09/30/99 4.00:1 ---------------------------------------------------- 12/31/99 4.50:1 ---------------------------------------------------- 03/31/00 5.00:1 ---------------------------------------------------- 06/30/00 5.50:1 ---------------------------------------------------- 09/30/00 5.50:1 ---------------------------------------------------- 12/31/00 5.00:1 ---------------------------------------------------- 03/31/01 4.75:1 ---------------------------------------------------- 06/30/01 4.75:1 ---------------------------------------------------- 09/30/01 4.75:1 ---------------------------------------------------- 12/31/01 4.75:1 ---------------------------------------------------- 03/31/02 4.50:1 ---------------------------------------------------- 06/30/02 4.25:1 ---------------------------------------------------- 09/30/02 4.25:1 ---------------------------------------------------- 12/31/02 4.00:1 ---------------------------------------------------- 03/31/03 4.50:1 ---------------------------------------------------- 06/30/03 4.50:1 ---------------------------------------------------- 09/30/03 4.50:1 ---------------------------------------------------- 12/31/03 4.50:1 ---------------------------------------------------- Thereafter 3.50:1 ----------------------------------------------------
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Related to Sources and Uses of Cash

  • Use of Proceeds and Letters of Credit The proceeds of the Loans will be used only (i) to refinance amounts outstanding under the Existing Credit Agreement; (ii) to pay the fees, expenses and other transaction costs of the Transactions contemplated hereby, (iii) to fund working capital needs, (iv) to fund acquisitions permitted hereunder, together with related expenses, and engage in other transactions permitted hereby, (v) to provide funding in connection with capital expenditures, (vi) to make Restricted Payments permitted hereunder and (vii) for general corporate purposes of the Borrower and its Subsidiaries. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the regulations of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the working capital needs and general corporate obligations of the Borrower and its Subsidiaries relating to their respective lines of business. The Borrower will not request any Borrowing or Letter of Credit, and the Borrower shall not use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, to the extent such activities, businesses or transaction would be prohibited by Sanctions if conducted by a corporation incorporated in the United States, or (C) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

  • Project Accounts The Grantee agrees to establish and maintain for the Project either a separate set of accounts or accounts within the framework of an established accounting system, in a manner consistent with 49 C.F.R. § 18.20, or 49 C.F.R. § 19.21, as amended, whichever is applicable.

  • Directions and requests of the Panel (a) The Panel may inform itself in relation to any dispute in such manner as it considers appropriate in accordance with its Charter, including but not limited to by: (i) requesting oral or written submissions; (ii) requesting relevant documents, records or other relevant information; or (iii) conducting a conference or holding a hearing. (b) A party to the dispute will comply with any request of the Panel made under this clause, unless the party has a reasonable excuse.

  • Use of Proceeds; Letters of Credit The Borrower will not permit the proceeds of any Advance or Letters of Credit to be used for any purpose other than those permitted by Section 5.09. The Borrower will not engage in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U). Neither the Borrower nor any Person acting on behalf of the Borrower has taken or shall take, nor permit any of the Borrower’s Subsidiaries to take any action which might cause any of the Loan Documents to violate Regulation T, U or X or any other regulation of the Board of Governors of the Federal Reserve System or to violate Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect, including without limitation, the use of the proceeds of any Advance or Letters of Credit to purchase or carry any margin stock in violation of Regulation T, U or X.

  • Set Up Accounts (a) Bank shall establish and maintain the following accounts ("Accounts"): (i) a Securities Account in the name of Customer on behalf of each Fund for Financial Assets, which may be received by Bank or its Subcustodian for the account of Customer, including as an Entitlement Holder; and (ii) an account in the name of Customer ("Cash Account") for any and all cash in any currency received by Bank or its Subcustodian for the account of Customer. Notwithstanding paragraph (ii), cash held in respect of those markets where Customer is required to have a cash account in its own name held directly with the relevant Subcustodian shall be held in that manner and shall not be part of the Cash Account. Bank shall notify Customer prior to the establishment of such an account. (b) At the request of Customer, additional Accounts may be opened in the future, which shall be subject to the terms of this Agreement. (c) Except as precluded by Section 8-501(d) of the Uniform Commercial Code ("UCC"), Bank shall hold all Securities and other Financial Assets, other than cash, of a Fund that are delivered to it in a "securities account" with Bank for and in the name of such Fund and shall treat all such assets other than cash as "financial assets" as those terms are used in the UCC.