Cash Position. Borrower will maintain average outstanding collected deposit balances of not less than $4,000,000, to be tested quarterly.
Cash Position. As at October 15, 2018. Novicius’ cash position, excluding its Subsidiaries on Closing Date shall be as set out in Exhibit C, less the Novicius Transaction Costs and costs and expenses incurred in the ordinary course of business of Novicius.
Cash Position. The Borrower agrees from time to time, on or before the earlier of the consummation of the merger pursuant to the Merger Agreement or the date of termination of the Merger Agreement, to provide to the Administrative Agent upon its request (and the Administrative Agent shall make a copy available to the Lenders) a report in reasonable detail of the cash position of the Borrower and its Subsidiaries.
Cash Position. On or prior to the tenth Business Day of each fiscal month of Holdings, Holdings shall provide a statement of the cash position of Holdings and its Subsidiaries as of the last day of the immediately preceding fiscal month of Holdings, which cash position statement shall include (x) a description of the aggregate amount of cash and Cash Equivalents on hand at each of Holdings and its Subsidiaries (on an individual basis) and (y) a description (including name of financial institution and account number) of the bank accounts where such cash and Cash Equivalents are held, together with, in each case, the amount of cash and Cash Equivalents held therein."
Cash Position. The summary of the cash position of the Corporation and its subsidiaries included in the Disclosure Letter is true and correct, subject to a variance of up to 10%. SCHEDULE E VALUATION Optimal Group Inc. Formal Valuation as at December 31, 2009 Report Date: March 12, 2010 March 12, 2010 PricewaterhouseCoopers LLP/s.r.l./s.e.n.c.r.l. 0000 Xxxx-Xxxxxxxx Xxxx. West Suite 2800 Montréal, Quebec Canada H3B 2G4 Telephone +0 000 000 0000 Fax +0 000 000 0000 CONFIDENTIAL Xx. Xxxxx Xxxxx Chairman Special Committee of the Board of Directors Optimal Group Inc. 0 Xxxxx Xxxxxx Xxxxx Xxxxxxxx, Xxxxxx X0X 0X0 Subject: Optimal Group Inc. — Formal Valuation as at December 31, 2009 Dear Xx. Xxxxx: As agreed, we have determined the fair market value of the 5,148,735 issued and outstanding Class “A” shares of Optimal Group Inc. as at December 31, 2009. Enclosed herein is our Opinion stating that the fair market value of all of the Class “A” shares ranges between $2.01 and $2.55 per share. These values are based on information available at the date of this report and are subject to the restrictions, limitations and assumptions described in our report. We trust that you will find this information satisfactory and we remain at your disposal to discuss any matter that you deem appropriate. Yours very truly, Transaction Advisory Services “PricewaterhouseCoopers” refers to PricewaterhouseCoopers LLP/s.r.l./s.e.n.c.r.l., an Ontario limited liability partnership, or, as the context requires, the PricewaterhouseCoopers global network or other member firms of the network, each of which is a separate legal entity.
Cash Position. The Company had approximately $779,000 as at 31 December 2017, and has since raised approximately $1.65 million via a rights issue.
Cash Position. The Funds may not always stay fully invested. For example, when the portfolio managers believe that market conditions are unfavorable for investing, or when they are otherwise unable to locate attractive investment opportunities, a Fund’s cash or similar investments may increase. In other words, cash or similar investments generally are a residual – they represent the assets that remain after a Fund has committed available assets to desirable investment opportunities. Due to differing investment strategies, the cash positions among the Funds may vary significantly. When a Fund’s investments in cash or similar investments increase, it may not participate in market advances or declines to the same extent that it would if the Fund remained more fully invested. To the extent a Fund invests its uninvested cash through a sweep program (meaning its uninvested cash is pooled with uninvested cash of other funds and invested in certain securities such as repurchase agreements), it is subject to the risks of the account or fund into which it is investing, including liquidity issues that may delay the Fund from accessing its cash. In addition, a Fund may temporarily increase its cash position under certain unusual circumstances, such as to protect its assets or maintain liquidity to meet unusually large redemptions. A Fund’s cash position may also increase temporarily due to unusually large cash inflows. Under unusual circumstances such as these, a Fund may invest up to 100% of its assets in cash or similar investments. In this case, a Fund may take positions that are inconsistent with its investment policies. As a result, a Fund may not achieve its investment objective.
Cash Position. The Company shall have provided reasonably satisfactory evidence to Parent and PLC that the Company and its Subsidiaries have, as of immediately prior to the Effective Time, cash and cash equivalents in an aggregate amount of not less than $122,500,000.
Cash Position. The Borrower shall at all times maintain a balance of cash and cash equivalents (the latter to be reasonably satisfactory in nature to the Lender, and to include (i) any available and undrawn Commitment hereunder, and (ii) until January 31, 2005, any monies held back by the Lender pursuant to paragraph (e) of the proviso to section 3.1), free of all Liens, in an amount equal to at least the sum of :
Cash Position. Borrower shall maintain a consolidated cash position on its balance sheet of at least $20,000,000.00.
