Cash Requirement. The Company shall have had cash, restricted cash, cash equivalents, marketable securities and short-term investments of
Cash Requirement. The cash requirement of the Community is that projected amount necessary to provide services and facilities to the residents. The cash requirement is charged to all residents through the Service Fee and application of the Fair Share Allocation. Generally, we will determine the cash requirement based upon (i) the costs incurred in connection with the operation of the Community for the prior fiscal year, (ii) with adjustments made for inflation or deflation, occupancy rates, changes to reserves, and nonrecurring expenses, and (iii) reduced by certain projected Community income for the next fiscal year. Once determined, the cash requirement is allocated among the residents pursuant to the Fair Share Allocation. The determination of the cash requirement is further explained below:
Cash Requirement. The Company shall have, and the Estimated ----------------- Working Capital Schedule shall reflect, that the Company will have not less than $1,200,000 in cash at Closing.
Cash Requirement. Borrower shall not permit the aggregate positive balances held by the Consolidated Group in depository, operating, securities, investment and similar accounts outside of the United States to be greater than 25% of the aggregate positive balances held by the Consolidated Group in all such accounts world-wide; furthermore, in no event shall such aggregate balances exceed $6,000,000; provided however, if the 25% threshold is satisfied but such balance exceeds $6,000,000, then the Consolidated Group shall have a period not to exceed 3 Business Days to transfer sufficient funds to Accounts within the United States to comply with such $6,000,000 requirement.
Cash Requirement. As of the Effective Time, the Acquired Company shall have cash in immediately available funds in the account(s) of the Acquired Company in the aggregate amount of Twenty-Seven Million Ninety-Three Thousand Nine Hundred Forty-Five Dollars ($27,093,945) (the "Cash Requirement"), of which Twenty-Five Million Five Hundred Thousand Dollars ($25,500,000) shall have been paid to the Acquired Company pursuant to that certain Agreement, dated as of February 11, 2005, by and between the Acquired Company and KeySpan Corporation, and the remaining amount of One Million Five Hundred Ninety-Three Thousand Nine Hundred Forty-Five Dollars ($1,593,945) shall have been made by capital infusion into the Acquired Company by Seller. The funds representing the Cash Requirement will be used by the Acquired Company only for the purposes described in Section 7.08 hereof. In addition, on the Closing Date, Seller will cause the invoice submitted by Allied North American Insurance Brokerage Corp. of NY, in the amount of $906,055, in connection with the Jamaica 2G Bond, to be paid on behalf of the Acquired Company. 2.05
Cash Requirement. On or before the Closing Date, the Cash Requirement shall have occurred.
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Cash Requirement. Buyer shall have no less than $15,000,000 of cash and cash equivalents as of the Closing as reflected in the Buyer Closing Financial Certificate.
Cash Requirement. Borrower shall cause all Cash of the Consolidated Group, to the extent in excess of Seven Hundred Fifty Thousand ($750,000) or the United States dollar equivalent of such amount, to be held in depository, operating, securities, investment and similar accounts in the name of Borrower, inside the United States and subject to an Account Control Agreement in accordance with Section 7.12 hereof.
Cash Requirement. The cash of the Companies will be no less than Ten Thousand Dollars ($10,000) and Buyer shall have received evidence thereof satisfactory to it that the foregoing condition has been met.
