Cash Flow Requirements Sample Clauses

Cash Flow Requirements. Maintain a positive cash flow at the end of each fiscal half.
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Cash Flow Requirements. Section 5.21 is hereby deleted in its entirety and replaced by the following:
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Cash Flow Requirements. Notwithstanding Section 2.2 above, the Company shall not be required to make a payment due under this Note if the G&G Division of the Company has not generated Annual Cash Flow at least equal to the G & G Cash Flow for the period ended on the last day of the month preceding the month in which the payment is due. In each such case, the Maturity Date shall be extended for an additional three-month period until the Note has been paid in full. This Section 2.3 shall not apply if (i) a Termination Without Cause or a Termination for Good Reason (as such terms are defined in the Employment Agreement of even date herewith between the Company and Xxxxx Xxxxxxxxx) has occurred and Annual Cash Flow for the twelve-month period immediately preceding the date of termination was at least equal to the G & G Cash Flow or (ii) if the Parent assumes this Note in accordance with Section 3.3 hereof.
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Cash Flow Requirements. Notwithstanding Section 2.2 above, the Company shall not be required to make a quarterly payment of principal due under this Note if Block Court Reporting, Inc. has not generated Annual Cash Flow at least equal to the Block Cash Flow for the quarter ended on the last day of the month preceding the month in which the payment is due. In each such case, (i) the quarterly interest payment shall be deferred until the first regularly scheduled quarterly payment date which is not excused pursuant to the preceding sentence, at which time all accrued but unpaid interest shall become due and payable, and (ii) the Maturity Date shall be extended for an additional three- month period, at which time the Note shall be paid in full. This Section 2.3 shall not apply if a Termination Without Cause or Termination for Good Reason (as such terms are defined in the Employment Agreement of even date herewith between Block Court Reporting, Inc. and Xxxxxx X. Block) has occurred, or such Employment Agreement has expired, and Annual Cash Flow for the quarter immediately preceding the date of termination or expiration was at least equal to the Block Cash Flow.
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Cash Flow Requirements. Notwithstanding Section 2.2 above, the Company shall not be required to make a payment of principal due under this Note if the Amicus Division of the Company has not generated Annual Cash Flow at least equal to the Amicus Cash Flow for the period ended on the last day of the month preceding the month in which the payment is due. In each such case, the Maturity Date shall be extended for an additional three-month period until the Note has been paid in full.
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Cash Flow Requirements. RAC acknowledges that it has been informed by Seller that the anticipated cash flow requirements in the ordinary course of the Business in which it is currently conducted should range from $35,000 to $50,000 for up to the next 60 days.
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Cash Flow Requirements. The cash flow requirements covenant contained in the "Affirmative Covenants" section of the Loan Agreement is deleted in its entirety and replaced by the following: Cash Flow Requirements. Maintain Cash Flow at not less than the following level: Debt Service Coverage (DSC) ratio of greater than or equal to 3.50 to 1.00. DSC ratio is defined as earnings before interest, taxes, depreciation, amortization, and all other noncash expenses divided by current portion long-term debt plus interest plus dividends. DSC ratio will be calculated on a rolling four-quarter basis. Additionally, for calculation of this ratio, the $27,925,000 loss from the write-off of capitalized R&D expenses will be excluded through September of 1999.
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Cash Flow Requirements. Borrower shall maintain Cash Flow of not less than the amount set forth, tested at the end of any fiscal year set forth below for the preceding 12-month period: Fiscal Year End Operating Cash Flow December 31, 2007 $ 750,000.00 December 31, 2008 $1,500,000.00 December 31, 2009 $2,250,000.00
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Cash Flow Requirements. Prepare predictions of program cash flow requirements for use by the District’s financial advisor and budget director.
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Related to Cash Flow Requirements

  • Tax Requirements The Participant is hereby advised to consult immediately with his or her own tax advisor regarding the tax consequences of this Agreement. The Company or, if applicable, any Subsidiary (for purposes of this Section 28, the term “Company” shall be deemed to include any applicable Subsidiary), shall have the right to deduct from all amounts hereunder paid in cash or other form, any Federal, state, local, or other taxes required by law to be withheld in connection with this Award. The Company may, in its sole discretion, also require the Participant receiving shares of Common Stock issued under the Plan to pay the Company the amount of any taxes that the Company is required to withhold in connection with the Participant’s income arising with respect to this Award. Such payments shall be required to be made when requested by the Company and may be required to be made prior to the delivery of any certificate representing shares of Common Stock. Such payment may be made (i) by the delivery of cash to the Company in an amount that equals or exceeds (to avoid the issuance of fractional shares under (iii) below) the required tax withholding obligations of the Company; (ii) if the Company, in its sole discretion, so consents in writing, the actual delivery by the exercising Participant to the Company of shares of Common Stock other than (A) Restricted Stock, or (B) Common Stock that the Participant has not acquired from the Company within six (6) months prior to the date of exercise, which shares so delivered have an aggregate Fair Market Value that equals or exceeds (to avoid the issuance of fractional shares under (iii) below) the required tax withholding payment; (iii) if the Company, in its sole discretion, so consents in writing, the Company’s withholding of a number of shares to be delivered upon the exercise of the Stock Option other than shares that will constitute Restricted Stock, which shares so withheld have an aggregate fair market value that equals (but does not exceed) the required tax withholding payment; or (iv) any combination of (i), (ii), or (iii). The Company may, in its sole discretion, withhold any such taxes from any other cash remuneration otherwise paid by the Company to the Participant. * * * * * * * *

  • Minimum Requirements Consultant shall, at its expense, procure and maintain for the duration of the Agreement insurance against claims for injuries to persons or damages to property which may arise from or in connection with the performance of the Agreement by the Consultant, its agents, representatives, employees or subconsultants. Consultant shall also require all of its subconsultants to procure and maintain the same insurance for the duration of the Agreement. Such insurance shall meet at least the following minimum levels of coverage:

  • Reporting Requirements The Company, during the period when the Prospectus is required to be delivered under the 1933 Act or the 1934 Act, will file all documents required to be filed with the Commission pursuant to the 1934 Act within the time periods required by the 1934 Act and the 1934 Act Regulations.

  • Financial Requirements A report of monthly and cumulative financial requirements; and

  • Funding Requirements If Subrecipient receives funds pursuant to this Contract for more than one program, the funds received by Subrecipient for each program shall be expended only for that program, and Subrecipient shall not expend more funds for any program than are set forth in the Attachment C, Budget Schedule(s) for that program. Subrecipient shall operate continuously throughout the term of this Contract with at least the minimum number and type of staff and volunteers required for provision of the services described. Such staff and volunteers shall be qualified in accordance with all applicable statutes and regulations. Subrecipient agrees to submit to Administrator, upon request, a list of persons, including employees, subcontractors and volunteers, who are to provide such services, and any changes to said list, by name, title, professional degree, and experience. Additional Services. Subrecipient also shall provide the following services to Older Individuals to whom it provides the services described herein in Attachment A with the consent of the Older Individual, or his or her representative, Subrecipient shall bring to the attention of appropriate officials for follow-up, conditions or circumstances which place the Older Individual, or the household of the Older Individual, in imminent danger. Nothing in this paragraph shall be construed to limit Subrecipient’s responsibilities for elder abuse reporting as set forth in this Contract. Coordination of services. Subrecipient shall assure that all services funded under this Contract are coordinated with other appropriate services in the community and that services funded under this Contract do not constitute unnecessary duplications of services provided by other sources. Coordination of resources. Subrecipient shall work collaboratively with County, particularly the Information and Assistance Program (I&A), to ensure that clients who may need any services available through Older Americans Act or Older Californians Act Programs are referred to I&A for assistance in accessing these services.

  • Service Requirements Grantee shall:

  • ERISA Requirements (a) Borrower will not engage in any transaction which would cause an obligation, or action taken or to be taken under this Loan Agreement (or the exercise by Lender of any of its rights under the Note, this Loan Agreement or any of the other Loan Documents) to be a non-exempt prohibited transaction under ERISA or Section 4975 of the Tax Code.

  • Compliance with Reporting Requirements The Company is subject to and in full compliance with the reporting requirements of Section 13 or Section 15(d) of the Exchange Act.

  • Financial Reporting Requirements The Charter School shall follow the financial requirements of the Charter Schools Section of the Department’s Financial Management for Georgia Local Units of Administration Manual. The Charter School shall submit all information required by the State Accounting Office for inclusion in the State of Georgia Comprehensive Annual Financial Report.

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