Company Debt and Cash Sample Clauses

Company Debt and Cash. The remainder of (i) all amounts owed by the Company with respect to the Closing Senior Debt minus (ii) all cash and cash equivalents of the Company, all as of the Closing Date, shall not exceed the sum of $170,000,000 and (if positive) (A) the amount by which trade accounts receivable and finished goods inventory of the Company at closing exceed $42,000,000, less (B) any proceeds from the Company’s sale of Mississippi Phosphates Corporation, plus (C) for each full month from the date hereof to the Closing Date, 1,500,000 times the amount by which the closing price of natural gas per MMBtu at Xxxxx Hub for a particular month is greater than the New York Mercantile Exchange (NYMEX) forward price for the same month an Order approving the Pre-Confirmation Protections has been entered by the Bankruptcy Court.
Sample 1
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Related to Company Debt and Cash

  • Company Debt Liability A Member will not be personally liable for any debts or losses of the Company beyond his or her respective Capital Contributions except as provided in Section 7.6 or as otherwise required by law.

  • Company Debt No bonds, debentures, notes or other Debt of the Company or any Company Subsidiaries (i) having the right to vote on any matters on which stockholders may vote (or which is convertible into, or exchangeable for, securities having such right) or (ii) the value of which is any way based upon or derived from capital or voting stock of the Company (collectively, “Company Voting Debt”), is issued or outstanding as of the Agreement Date. Schedule 3.4(d) to the Company Disclosure Letter accurately lists all Debt of Company and Company Subsidiaries, including, for each item of Debt, the agreement governing the Debt and the interest rate, maturity date and whether or not such Debt is secured. All Debt may be prepaid at the Closing without penalty under the terms of the agreements governing such Debt.

  • Intercompany Debt It is understood that Debt shall not include any redeemable equity interest in the Company.

  • Unrestricted Cash and Cash Equivalents As of any date of determination, the sum of (a) the aggregate amount of Unrestricted cash and (b) the aggregate amount of Unrestricted Cash Equivalents (valued at fair market value). As used in this definition, “Unrestricted” means the specified asset is readily available for the satisfaction of any and all obligations of such Person. For the avoidance of doubt, Unrestricted Cash and Cash Equivalents shall not include any tenant security deposits or other restricted deposits.

  • Cash and Cash Equivalents Cash and cash equivalents shall be preserved, and expended, solely in the ordinary and usual course of business.

  • Funded Debt No Borrower Party will, or will permit any of its Subsidiaries to, create, assume, incur, or otherwise become or remain obligated in respect of, or permit to be outstanding, any Funded Debt except:

  • Cash on Hand All cash on hand at the Offices as of the close of business on the Closing Date including vault cash, xxxxx cash, ATM cash and tellers' cash;

  • Funded Indebtedness 2 GAAP............................................................ 6

  • Total Debt The Company will not at any time permit Consolidated Total Debt to exceed any of the following:

  • Indebtedness and Cash Flow Covenants The Borrower on a consolidated basis with its Subsidiaries shall not permit:

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