Cash Reserve. The Trustees may maintain a cash reserve in such amount as to provide for current distribution of benefits under the Plan. Such cash reserve may consist of uninvested contributions of the Company and participants in the Plan, or of the proceeds of the sale of investments of the Trust. All of the funds held in such cash reserve as well as all funds and securities and assets belonging to the Trust shall be safely kept by the Trustees on deposit or in the vaults of a bank or trust company selected and designated by the Board of Directors or the Executive Committee of the Company.
Cash Reserve. The Company shall provide an initial funding of [$1,000] for the purpose of issuing cash in lieu of fractional shares. From time to time thereafter, the Warrant Agent may request additional funding to cover fractional payments in writing. The Warrant Agent shall have no obligation to make such fractional payments unless the Company shall have provided the necessary funds to pay in full all amounts due and payable with respect thereto.
Cash Reserve. The Parties agree that at all times during the term of this Agreement, the FoundryCo Group shall maintain Cash and Cash Equivalents in an amount equal to at least $1.0 billion, provided, however, that this requirement shall no longer apply upon the earlier of (i) FoundryCo entering into a Transition Period in accordance with Article VIII hereunder and (ii) the end of Phase II.
Cash Reserve. Owner directs Broker to establish and maintain a cash reserve of $XX,000.00. Owner may increase this reserve amount at any time by notifying Broker in writing. To the extent expenses exceed the reserve amount, Owner must make a contribution to cover the difference so long as Broker has obtained any necessary approval of such excess expenses in accordance with subparagraph 4 above and Section B below in this Agreement.
Cash Reserve. Owner hereby directs Broker to establish and maintain a cash reserve in the amount described in paragraph A.5 above to cover repairs and expenses for the Property.
Cash Reserve. In accordance with the Lease Agreement, the Lessee shall maintain the reserves set forth in Section 3.8 of the Lease Agreement. The Lessee shall deliver to the Authority and [AIRLINE], on the first business day of each quarter of each Term Year, and as otherwise requested from time to time by the Authority or [AIRLINE], an Officer’s Certificate in which the Lessee represents and warrants that it is compliance with the requirements contemplated by Section 3.8 of the Lease Agreement.
Cash Reserve. On the Effective Date, Company shall, (i) have established a fully funded cash reserve for Exit Costs and (ii) in addition, have a cash balance, after giving effect to payment of the Consideration, in an amount equal to the Closing Cash Balance plus Retained Cash.
Cash Reserve. In the case of Borrower, cause the sum of the aggregate amount of cash on hand, the value of the Cash Equivalents (as such term is defined in the indenture) owned by it and the Unused Commitment Amount at all times to equal or exceed $375,000. Notwithstanding the foregoing in this Section 5.01(j), if Borrower consummates its proposed sale of Series J Preferred Stock to Vanguard Cellular Systems, Inc., or an affiliate thereof, for aggregate cash proceeds of at least $3,300,000, then the foregoing minimum cash reserve amount shall increase from $375,000 to $1,000,000 upon closing of such transaction.
3. Except as amended by Sections 1 and 2 above, the Loan Agreement remains in full force and effect. The Borrower represents and warrants that, after giving effect to the amendment set forth in Sections 1 and 2 above (if necessary), no Default or Potential Event of Default is in existence as at the date hereof. [This space intentionally left blank.]
Cash Reserve. At the time of each Closing, the Debtor shall have ------------ funded the Cash Reserve (as defined in Section 5.1) in the amount of $6,325 per Turbine purchased at such Closing.
Cash Reserve. The Borrower shall credit, provide, keep, maintain, hold and reserve the following amount at the Cash Reserve Account (the Cash Reserve) on the following dates respectively as security for the Loan. The Borrower may withdraw the Cash Reserve temporarily by sending a ten (10) days prior notice to the Lender provided however the Lender has sole discretion to permit the Borrower to withdraw the Cash Reserve. However if the Cash Reserve is withdrawn, the same amount shall be re-credited to the Cash Reserve Account within thirty (30) days after the withdrawal in any event.
