Define: Unencumbered Cash

How is Unencumbered Cash defined in a legal contract?

• Unencumbered Cash means all cash and cash equivalents owned by [organization] or any subsidiary not disclosed as restricted cash or restricted cash equivalents in [organization]'s financial statements.
  Seen in 13 SEC filings.
• Unencumbered Cash means any cash assets of a plan debtor that is not an encumbered asset, at the given effective date.
  Seen in 12 SEC filings.
• Unencumbered Cash means the total cash on hand in any fund, less the amount belonging to the fund in closed banks and less the amount of outstanding warrant, bills, accounts, and contracts which are chargeable against the fund.
  Seen in 9 SEC filings.
• Unencumbered Cash means all cash and cash equivalents held by the [organization] and its subsidiaries in the primary jurisdictions that are not subject to any lien by any person, other than involuntary liens which arise by statute or operation of law.
  Seen in 9 SEC filings.
• Unencumbered Cash means the excessive cash balances that have been determined by the general partner as available to satisfy the payment of redemption proceeds and have not been designated as required to satisfy impending obligations.
  Seen in 7 SEC filings.
• Unencumbered Cash means all Cash other than Encumbered Cash.
  Seen in 5 SEC filings.
• Unencumbered Cash means cash and cash equivalents which satisfy certain requirements as confirmed by the Administrative Agent, regardless of whether cash and cash equivalents are owned by the borrower or a subsidiary.
  Seen in 5 SEC filings.
• Unencumbered Cash means all cash and Cash Equivalents owned by [organization] or any subsidiary free and clear of any lien permitted under a certain section that subject to a cash pooling arrangement or cash management in respect of netting services and similar arrangements considered as Unencumbered Cash only to the extent.
  Seen in 5 SEC filings.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for ‘Definitions of unencumbered cash’ yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Unencumbered Cash means all cash and equivalents owned by [organization] not restricted or subject to any lien.

Relevant Contract Types

• Contract of Sale
• Loan Agreement
• Business Purchase Agreement
• Merger Agreement

Relevant Circumstances

• During asset procurement or sales.
• When negotiating borrowing or lending.
• During mergers and acquisitions.
• Financial reporting in the balance sheet of an organization.

Relevant Sectors

• Financial Services
• E-Commerce
• Real Estate
• Mining and Resources

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Genie Definition 2

• Unencumbered Cash means excess cash balances identified as available to meet pending obligations.

Relevant Contract Types

• Supply Agreement
• Distribution Agreement
• Service Agreement

Relevant Circumstances

• During regular business operations where there are ongoing costs.
• In tender submissions or bids for contracts.
• In strategic financial planning.

Relevant Sectors

• Manufacturing
• Information Technology
• Health and Pharmaceuticals
• Energy and Infrastructure

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