Adequate Cash Sample Clauses

The "Adequate Cash" clause defines the requirement for a party, typically a borrower or lessee, to maintain a sufficient amount of cash or cash equivalents to meet certain financial obligations under an agreement. This clause may specify minimum cash balances that must be held in designated accounts or require periodic certification of available funds. Its core practical function is to ensure that the obligated party has the liquidity necessary to fulfill payment obligations, thereby reducing the risk of default and providing assurance to the other party in the transaction.
POPULAR SAMPLE Copied 8 times
Adequate Cash. QPI, US Holdings and Acquisition Sub collectively have cash or cash equivalents on hand sufficient to pay an amount within the range of WCP's reasonable possible liability with respect to any exercise of dissenters' rights as to the Merger;
View SourceView Similar (2)
Adequate Cash. Purchaser has and will have as of the Closing sufficient cash on hand to pay the cash portion of the Purchase Price and to pay and satisfy the costs and expenses required to be paid or satisfied by Purchaser pursuant to this Agreement.
View SourceView Similar (2)
Adequate Cash. OFC’s obligations under this Agreement, including its obligation to deposit cash with the Exchange Agent and to pay, or cause the Exchange Agent to pay, the Cash Consideration and to pay for any fractional shares of OFC Common Stock, are not subject to any financing contingency, and OFC has adequate capital, and will have adequate cash on hand at the Effective Time, to deposit the entire cash portion of the Exchange Fund with the Exchange Agent in accordance with the requirements of this Agreement.
View SourceView Similar (2)
Adequate Cash. As of the Merger Funding Date, the Borrowers have ------------- cash or Cash Equivalents on hand in an amount sufficient, when added to the Loans made on and after the Merger Funding Date, (A) to pay all amounts payable by it in respect of the Merger, (B) to fund OHM's probable liability to Dissenters, (C) to pay all Transaction Costs and (D) to repay all outstanding obligations under the Existing OHM Credit Agreement.
View SourceView Similar (2)
Adequate Cash. 36 2.3.2 Merger Approval.................................... 36 2.3.3
View Source
Adequate Cash. Notwithstanding the provisions of this Section 2.1, Lender shall be obligated to advance any Interim Loan only if, at the time such Interim Loan is to be advanced, Guarantor has Adequate Cash in the amount of not less than Twenty-Five Million Dollars ($25,000,000). If the amount of Adequate Cash is insufficient as provided in this subparagraph, and if the Interim Loan was to be a Lender Equipment Loan, Borrower shall be relieved of its obligation to purchase the related Lender Equipment and, if delivered, it shall be returned to Lender at the direction of Lender at Borrower's sole cost and expense.
View Source
Adequate Cash. The Company and the Subsidiaries have adequate cash on hand or borrowing power to satisfy all accrued short-term liabilities and all trade payables of the Company and the Subsidiaries as of the date hereof. All borrowings by the Company under construction draw loans have been applied, in accordance with the Company’s use of funds representations to the applicable lender, to trade vendors and not for employee compensation or other general obligations of the Company.
View Source
Adequate Cash. At the Closing, the Company shall have adequate cash and unrestricted funds on hand or borrowing power to satisfy all accrued short-term liabilities and all trade payables of the Company. All borrowings by the Company under construction draw loans have been applied, in accordance with the Company’s use of funds representations to the applicable lender, to trade vendors and not for employee compensation or other general obligations of the Company.
View Source
Adequate Cash. The Purchaser has adequate cash on hand to pay the cash portion of the Aggregate Consideration set forth in Section 2.03(a)(i).
View Source

Related to Adequate Cash

  • Adequate Consideration The parties hereto irrevocably stipulate and agree that they have each received adequate and independent consideration for the performance of the obligations they have undertaken pursuant to this Amendment.

  • Adequate Assurance (a) If, in the Service Providers' reasonable opinion, one or more events have occurred that have caused or will cause a material adverse change in the Shipper's financial standing or creditworthiness (or, if the Shipper's net financial obligations under this document have been fully guaranteed or otherwise secured, one or more events have occurred that in the Service Providers' reasonable opinion have caused or will cause a material adverse change in the financial standing or creditworthiness of the guarantor or other party providing such security (each a Guarantor)) in a matter and to an extent that materially and adversely affects the Shipper's ability to perform its financial or other obligations under this document, the Service Providers may request in writing that the Shipper provide the Service Providers with one of the following (at the Service Providers’ option): (i) an irrevocable and unconditional bank guarantee; (A) in a form approved by the Service Providers; (B) issued by a financial institution approved by the Service Providers; (C) with a term expiring on a date determined by the Service Providers in their sole discretion; and (D) having a face value equivalent to the Shipper's net financial obligations under this document; (ii) cash in an amount equivalent to the Shipper's net financial obligations under this document; (iii) an irrevocable guarantee of the Shipper's financial performance under this document issued by an entity acceptable to the Service Providers and in a form and substance reasonable satisfactory to the Service Providers; (iv) a satisfactory irrevocable letter of credit in an amount equivalent to the Shipper's net financial obligations under this document, which letter of credit must be issued by a financial institution with a long term senior unsecured debt rating of at least A- by Standard & Poors, A3 by ▇▇▇▇▇'▇ or B from Fitch ICBA (each a Letter of Credit Collateral); or (v) other arrangements satisfactory to the Service Providers; (each, an Adequate Assurance). (b) If the Shipper does not provide the Service Providers with Adequate Assurance within 7 Days of the Service Providers' request, the Service Providers may suspend the performance of any and all of their obligations under this document until the Shipper has provided the requested Adequate Assurance.

  • Adequate Assurances If the Parties have so agreed in Part XI of the Schedule, the failure by a Party to give adequate assurances of its ability to perform any of its obligations under the Agreement within two (2) Business Days of a written request to do so when the other Party has reasonable grounds for insecurity shall be an Event of Default under the Agreement.

  • Adequate security The Contractor shall provide adequate security for all covered defense information on all covered contractor information systems that support the performance of work under this contract. To provide adequate security, the Contractor shall—

  • Adequate Protection Each Second-Priority Agent, on behalf of itself and each applicable Second-Priority Secured Party, agrees that none of them shall contest (or support any other Person contesting) (a) any request by the Intercreditor Agent or the Senior Lenders for adequate protection or (b) any objection by the Intercreditor Agent or the Senior Lenders to any motion, relief, action or proceeding based on the Intercreditor Agent’s or the Senior Lenders’ claiming a lack of adequate protection. Notwithstanding the foregoing, in any Insolvency or Liquidation Proceeding, (i) if the Senior Lenders (or any subset thereof) are granted adequate protection in the form of additional collateral in connection with any DIP Financing or use of cash collateral under Section 363 or Section 364 of Title 11 of the United States Code or any similar Bankruptcy Law, then each Second-Priority Agent, on behalf of itself and any applicable Second-Priority Secured Party, may seek or request adequate protection in the form of a replacement Lien on such additional collateral, which Lien is subordinated to the Liens securing the Senior Lender Claims and such DIP Financing (and all Obligations relating thereto) on the same basis as the other Liens securing the Second-Priority Claims are so subordinated to the Liens securing Senior Lender Claims under this Agreement and (ii) in the event any Second-Priority Agent, on behalf of itself or any applicable Second-Priority Secured Party, seeks or requests adequate protection and such adequate protection is granted in the form of additional collateral, then such Second-Priority Agent, on behalf of itself or each such Second-Priority Secured Party, agrees that the Senior-Priority Agents shall also be granted a senior Lien on such additional collateral as security for the applicable Senior Lender Claims and any such DIP Financing and that any Lien on such additional collateral securing the Second-Priority Claims shall be subordinated to the Liens on such collateral securing the Senior Lender Claims and any such DIP Financing (and all Obligations relating thereto) and any other Liens granted to the Senior Lenders as adequate protection on the same basis as the other Liens securing the Second-Priority Claims are so subordinated to such Liens securing Senior Lender Claims under this Agreement.