PETM » Topics » Restricted Cash and Restricted Short-term Investments

These excerpts taken from the PETM 10-K filed Mar 31, 2008.
Restricted Cash and Restricted Short-term Investments
 
We are required to maintain a deposit with the lenders of our stand-alone letter of credit facility equal to the amount of the outstanding letters of credit, or in the case of ARS, must have an amount on deposit, which when multiplied by the advance rate of 85%, is equal to the amount of the outstanding letters of credit. As of February 3, 2008, we had no outstanding letters of credit under our stand-alone letter of credit facility and no restricted cash or restricted short-term investments.
 
Restricted
Cash and Restricted Short-term Investments



 



We are required to maintain a deposit with the lenders of our
stand-alone letter of credit facility equal to the amount of the
outstanding letters of credit, or in the case of ARS, must have
an amount on deposit, which when multiplied by the advance rate
of 85%, is equal to the amount of the outstanding letters of
credit. As of February 3, 2008, we had no outstanding
letters of credit under our stand-alone letter of credit
facility and no restricted cash or restricted short-term
investments.


 




This excerpt taken from the PETM 10-K filed Mar 28, 2007.
Restricted Cash and Short-term Investments
 
The Company is required to maintain a cash or cash equivalent deposit with the lenders of the Company’s letter of credit facility equal to the amount of the outstanding letters of credit, or in the case of ARS, must have an amount on deposit, which when multiplied by the advance rate of 85%, is equal to the amount of the outstanding letters of credit.
 
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