Anti-Cash Hoarding. If, (a) as at the end of any calendar month, the Consolidated Cash Balance exceeds the Consolidated Cash Balance Threshold and (b) the outstanding principal balance of Debt permitted by Section 9.02(m) is greater than zero, then the Borrower shall, within five (5) Business Days of becoming aware of any such excess, repay any Debt permitted by Section 9.02(m) in an aggregate principal amount, plus accrued interest, if any, equal to such excess.
Anti-Cash Hoarding. The Borrower shall not, nor shall it permit any Restricted Subsidiary to, request a borrowing under the ABL Credit Agreement that would have the effect of causing the Availability (as defined in the ABL Facility as in effect on the date of the Amendment) under the ABL Facility on the date of such proposed borrowing to be less than $67,500,000, to the extent that (i) the Borrower and its Subsidiaries have cash and Cash Equivalents to make, apply to, or satisfy, the payments, expenses, obligations or other working capital requirements for which such borrowing is being requested and the application of such cash and Cash Equivalents to satisfy such payments, expenses, obligations or other working capital requirements is permitted under the ABL Credit Agreement (as in effect on the Amendment No. 1 Effective Date), (ii) such proposed borrowing under the ABL Facility (after applying the proceeds therefrom within two (2) Business Days of the date thereof) shall trigger a prepayment under the Anti-Cash Hoarding Sweep or (iii) the Borrower and its Subsidiaries have cash and Cash Equivalents greater than the Available Cash Threshold, provided that, solely in the case of any letters of credit requested under the ABL Credit Agreement, if the issuance of the letter of credit would have the effect of causing the Availability (as defined in the ABL Facility as in effect on the date of the Amendment) under the ABL Facility on the date of such proposed borrowing to be less than $67,500,000 and the Borrower, and its Restricted Subsidiaries have cash and Cash Equivalents to cash collateralize such letter of credit obligations, the Borrower shall apply such Cash and Cash Equivalents to cash collateralize such letter of credit to the extent permitted under the ABL Credit Agreement (as in effect on the Amendment No. 1 Effective Date).
Anti-Cash Hoarding. Except with respect to “Net Debt Proceeds” (as defined in the Nexstar Credit Agreement) of not more than $250,000,000 received in connection with the issuance of any Nexstar Broadcasting, Inc. Senior Notes due 2020, to the extent such funds are being held for repayment of the (i) 7% Senior Subordinated PIK Notes due 2014, issued by Nexstar Broadcasting, Inc. and (ii) 7% Senior Subordinated Notes due 2014, issued by Nexstar Broadcasting, Inc., if on any day after the Second Amendment Effective Date the sum of cash and Cash Equivalents of the Mission Entities together with the cash and Cash Equivalents of the Nexstar Entities aggregate among all such entities in excess of $25,000,000, then, to the extent such excess exists on the following day, the Borrower shall apply such amounts in excess of $25,000,000 on the following day to prepay the outstanding principal of Loans and/or the Nexstar Loans, at the Borrower's election, such that the aggregate cash and Cash Equivalents of the Mission Entities and the Nexstar Entities shall not exceed $25,000,000 (applied as to (1) Loans, among the Term B Loans and Revolving Loans on a pro rata basis among such Loans, with a corresponding reduction in the Aggregate Revolving Commitment in the amount of such amount applied to prepay the Revolving Loans and (2) Nexstar Loans, among the "Term B Loans" and "Revolving Loans" (as each is defined in the Nexstar Credit Agreement) on a pro rata basis among such loans, with a corresponding reduction in the "Aggregate Revolving Commitment" (as defined in the Nexstar Credit Agreement) in the amount of such amount applied to prepay the "Revolving Loans"), provided that, notwithstanding the foregoing, if there exists no Default on such day
(i) or the following day, such amounts shall be applied to prepay either or both of (A) the Revolving Loans and will not result in a reduction in the Aggregate Revolving Commitment and (B) the "Revolving Loans" (as defined in the Nexstar Credit Agreement) and will not result in a reduction in the "Aggregate Revolving Commitment" (as defined in the Nexstar Credit Agreement),
(ii) or any date prior to the application by the Borrower of such excess amount as permitted below, to the extent such excess amount is created or caused by (A) the Net Debt Proceeds of Permitted Refinancing Indebtedness issued in accordance with Section 7.05(j) being held to repurchase Indebtedness in accordance with the terms of Section 7.15, such excess amount constituting Net ...
Anti-Cash Hoarding. As of the proposed Borrowing date for any Revolving Loan, and after giving pro forma effect thereto, the Unrestricted Cash Amount shall be $100 million or less. The request and acceptance by the Borrower of each extension of credit hereunder shall be deemed to be a representation and warranty by the Borrower that the conditions specified in this Section 4.02 have been satisfied at that time.
Anti-Cash Hoarding. To the extent any Subsidiary of Company receives (or is entitled to receive) any Reference Income which constitutes the Investor Sharing Percentage or any other amounts payable to Investor hereunder, Company shall cause such Subsidiary to distribute such amounts to Company when payment is due pursuant to this Agreement and the applicable Investment Request prior to any payments being made pursuant to this Agreement and the applicable Investment Request, such amount to be added to the Growth Period Funds Flow for such Growth Period and further paid over to the Investor as and when such amounts are required to be paid to Investor under this Agreement. 6.
Anti-Cash Hoarding. (i) As of the end of each fiscal month (commencing with the fiscal month ended March 31, 2021), so long as there are any Revolving Loans and/or LC Disbursements outstanding at the end of such fiscal month (or, to the extent there are any Revolving Loans and/or LC Disbursements outstanding on 5:00 p.m. on any Friday (or if Friday is not a Business Day, Thursday) of any calendar week, by 5:00 p.m. on the Monday (or if Monday is not a Business Day, Tuesday) following the end of any such calendar week), the Borrower shall not maintain a Consolidated Cash Balance, after giving effect to any prepayments made pursuant to Section 2.11, in excess of $125,000,000; provided, that the notice requirements in Section 2.11 shall not apply to any prepayment of Revolving Loans in connection with this clause (c)(i).
(ii) The Borrower shall not borrow any Revolving Loans to the extent that immediately after giving effect to such Borrowing, the Consolidated Cash Balance exceeds $125,000,000. Each Borrowing Request shall include a certification with respect to the Consolidated Cash Balance immediately after giving effect to such Borrowing.
Anti-Cash Hoarding. From and after the Eighth Amendment Effective Date, before and after giving effect to such Credit Extension, the Consolidated Cash Balance of the Borrower and its Subsidiaries on a pro forma basis shall not exceed $45,000,000. Each Request for Credit Extension (other than a Loan Notice requesting only a conversion of Loans to the other Type or a continuation of Eurocurrency Rate Loans) submitted by the Borrower and each Swingline Borrowing pursuant to an Autoborrow Agreement shall be deemed to be a representation and warranty that the conditions specified in Sections 4.02(a), (b), (e) and (f) have been satisfied on and as of the date of the applicable Credit Extension.
Anti-Cash Hoarding. If at any time the Group has cash and Cash Equivalents in excess of $50,000,000 and there are loans outstanding under the Sustainable Revolving Credit Facility Agreement, the Swedish Borrower shall promptly repay loans outstanding under the Sustainable Revolving Credit Facility Agreement in an amount equal to the lesser of (x) the amount of outstanding loans under the Sustainable Revolving Credit Facility Agreement or (y) the amount of such excess cash and Cash Equivalents in excess of $50,000,000.
Anti-Cash Hoarding. If on any day the Consolidated Cash Balance of Borrower and its Subsidiaries is in the aggregate in excess of $45,000,000, then within the greater of (A) five (5) days and (B) three (3) Business Days, Borrower shall apply such amounts in excess of $45,000,000 to prepay the outstanding Revolving Loans under this Agreement, such that the Consolidated Cash Balance of Borrower and its Subsidiaries shall not exceed $45,000,000 as of the date of such payment. Each prepayment of Loans pursuant to this clause (iv) shall be applied in the manner set forth in clause (ix) of this Section 2.05(b).
Anti-Cash Hoarding. If, as of the last day of any calendar month, the average daily balance of cash and Cash Equivalents of all Subsidiaries that are not Loan Parties (calculated in the aggregate for all such Subsidiaries) for such month is in excess of an amount equal to 10% (or such higher percentage as Bank may agree to in its sole discretion) of the average daily balance of cash and Cash Equivalents of Borrower and its Subsidiaries on a consolidated basis after giving effect to trade payables, payroll and other expenses for each applicable Subsidiary due and payable within the subsequent sixty (60) days, then, on the fifth Business Day after the end of any such calendar month, such Subsidiaries, as applicable, shall transfer such excess amount to Borrower to be held by Borrower in a deposit account in the U.S. that is subject to a Control Agreement.
