Cash Balance. Within two (2) Business Days after the end of each Fiscal Month, Borrower will deliver a certificate reporting to Agent the Cash Balance as of the last day of the Fiscal Month just ended, which certificate shall be executed and certified by a Responsible Officer of the Borrower as true and correct; (d)
Cash Balance. At Closing, Purchaser shall pay to Seller the Purchase Price, less the Xxxxxxx Money, plus or minus the prorations described in this Agreement (such amount, as adjusted, being referred to as the “Cash Balance”). Purchaser shall pay the Cash Balance by federal funds wire transferred to an account designated by Seller in writing.
Cash Balance. On or before one (1) business day prior to the Closing Date, Buyer shall deposit with Escrow Holder cash by means of a confirmed wire transfer through the Federal Reserve System or cashier's check in the amount of the balance of the Purchase Price, plus Buyer's share of expenses and prorations as described in this Agreement.
Cash Balance. On or before the Closing, Buyer shall deliver into Escrow in immediately available funds the balance of the Purchase Price. The Purchase Price, net of any prorations and closing costs to be paid by Seller as provided in this Agreement and net of the Option Payment, shall be paid by the Title Company to Seller on the Closing Date by federal wire transfer of immediately available funds to a bank account(s) designated by Seller in a written notice to the Title Company given prior to the Closing.
Cash Balance. Purchaser shall pay the balance of the Purchase Price, subject to the prorations described in Section 5 below, in cash (the “Cash Balance”) by wire transfer of immediately available United States of America funds to the Escrow Company in accordance with the terms and conditions of this Agreement, so that Seller shall receive such payment in its designated account no later than 11:00 am (Chicago time) on the Closing Date. 3. Conditions Precedent. All conditions precedent relating to this transaction have been satisfied including:
Cash Balance. No later than 10:00 a.m. Pacific time on the Closing Date, Buyer shall deposit with Escrow Holder cash by means of a confirmed wire transfer through the Federal Reserve System or cashier’s check in the amount of the balance of the Purchase Price, plus Buyer’s share of expenses and prorations as described in this Agreement.
Cash Balance. The Borrower will maintain at all times a minimum positive cash balance equal to $750,000 or such lower amount as is agreed to by the Lender acting reasonably (the “Cash Balance Statement”).
Cash Balance. Purchaser shall pay the balance of the Purchase Price, subject to the prorations described in Section 5 below, in cash (the "Cash Balance") by wire transfer of immediately available United States of America funds to the Title Company for payment to Seller, in accordance with the terms and conditions of this Agreement on the Closing Date. If the Cash Balance and all other documents required to be delivered by Purchaser to close are received by the Escrow Company on the Closing Date but not prior to noon on the Closing Date, then the Closing shall take place on the following business day and the Cash Balance shall be held by the Escrow Company for the account of Purchaser in an interest bearing account until the next business day at which time the Cash Balance shall be immediately disbursed to Seller, all interest on the Cash Balance shall be immediately disbursed to Purchaser, and the Proration Date shall be deemed to be the immediately preceding day. Notwithstanding the immediately previous sentence, if the Cash Balance is received by the Escrow Company later than noon on the Closing Date, Seller shall have the right to waive this paragraph and receive the Cash Balance on the Closing Date without changing the Proration Date.
Cash Balance. The Borrower will maintain at all times a minimum positive cash balance equal to Six Hundred Thousand Dollars (US$600,000), and the Borrower shall prepare a statement in accordance with GAAP setting forth the aggregate amount of cash and cash equivalents so held by the Borrower, which statement shall be certified by the Chief Executive Officer and Chief Financial Officer of the Borrower (the “Cash Balance Statement”).”
2.1.11 Section 9.2(q) of the Loan Agreement is amended by adding the following text at the end thereof. “Notwithstanding the foregoing, the proceeds of the Additional Loan advanced by the Lender on the Second Closing Date shall be immediately deposited in and at all times thereafter held only in Deposit Accounts that are subject to Control Agreements and, for certainty, the transfer of all or any portion of the proceeds of the Additional Loan to any other Deposit Account, or any other account at any financial institution or any other institution (including securities firms) and brokerage accounts, at any time shall constitute an Event of Default hereunder.”
2.1.12 Section 9.2 of the Loan Agreement is amended by adding the following text after subsection (t):
Cash Balance the aggregate of the Available Cash standing to the credit of the Revenue Accounts is at least equal to $25,000,000.
