Eligible Cash. The amount of the Credit Parties’ Eligible Cash on the Effective Date shall be not less than $14,454,279.43.
Eligible Cash. At all times, Eligible Cash shall be at least $25,000,000.
Eligible Cash. [The Company does not intend to seek Borrowing Base credit for Eligible Cash at the Closing Date but reserves its right to do so at any time and from time to time thereafter.] [* * *]
Eligible Cash. Eligible Cash may not be withdrawn from the applicable Deposit Account at any time, except if the following conditions are satisfied at such time: (a) no Default or Event of Default has occurred and is continuing, (b) the Borrowers have delivered a pro forma Borrowing Base Certificate to the Agent on the day such withdrawal is to be made, (c) (i) during the existence of a Cash Dominion Period, Aggregate Outstanding Exposure (excluding LC Exposure subject to Letter of Credit Collateralization) at the time of such withdrawal is $0 (provided that if a Cash Dominion Period exists and Aggregate Outstanding Exposure (excluding LC Exposure subject to Letter of Credit Collateralization) at the time of such withdrawal is greater than $0, the Borrowers may request in writing to the Agent that Eligible Cash be applied in whole or in part to repay the outstanding Obligations) or (ii) at any other time other than during the existence of a Cash Dominion Period, Eligible Cash may be freely withdrawn, subject to clauses (a), (b) and (d) of this Section 2.18 and (d) upon such withdrawal or transfer pursuant to Section 2.18, no Line Deficiency would result therefrom. Upon such written request and subject to the foregoing conditions, the Agent shall promptly transfer such cash as directed by the Borrowers.
Eligible Cash cash of a Borrower held in a segregated restricted Deposit Account maintained with and pledged to the Administrative Agent, for the benefit of the Secured Parties, as security for the Obligations, and in which the Administrative Agent, for the benefit of the Secured Parties, has a first priority perfected security interest, and subject to a Deposit Account Control Agreement. Eligible Credit Card Receivables: on any date, all Credit Card Receivables denominated in Dollars, that have been earned and represent the bona fide amounts due to a Borrower from a credit card processor and/or credit card issuer, and that are deemed by the Administrative Agent in its Permitted Discretion to be Eligible Credit Card Receivables. Without limiting the foregoing, the following shall not constitute Eligible Credit Card Receivables:
Eligible Cash the sum of (i) cash balances on deposit in an account with Bank and/or KeyBank subject to a first priority perfected security interest in favor of Agent and (ii) up to $5,000,000 in the aggregate of cash balances and/or Cash Equivalents on deposit with Bank and/or KeyBank that are not subject to a first priority perfected security interest in favor of Agent. Environmental Laws - all federal, state and local laws, rules, regulations, codes, ordinances, programs, permits, guidance documents promulgated by regulatory agencies, orders and consent decrees, now or hereafter in effect and relating to human health and safety or the protection or pollution of the environment, including CERCLA. Environmental Release - a release as defined in CERCLA or under any applicable Environmental Laws. Equipment - all of Borrower’s machinery, apparatus, equipment, fittings, furniture, fixtures, motor vehicles and other tangible personal Property (other than Inventory) of every kind and description, whether now owned or hereafter acquired by a Borrower and wherever located, and all parts, accessories and special tools therefor, all accessions thereto, and all substitutions and replacements thereof. Equity Interest - the interest of (i) a shareholder in a corporation, (ii) a partner (whether general or limited) in a partnership (whether general, limited or limited liability), (iii) a member in a limited liability company, or (iv) any other Person having any other form of equity security or ownership interest. ERISA - the Employee Retirement Income Security Act of 1974, and all rules and regulations from time to time promulgated thereunder. Event of Default - as defined in Section 11 of the Agreement. Extraordinary Expenses - all costs, expenses, fees or advances that Agent or any Lender may suffer or incur, whether prior to or after the occurrence of an Event of Default, and whether prior to, after or during the pendency of an Insolvency Proceeding of an Obligor, on account of or in connection with (i) the audit, inspection, repossession, storage, repair, appraisal, insuring, completion of the manufacture of, preparing for sale, advertising for sale, selling, collecting or otherwise preserving or realizing upon any Collateral; (ii) the defense of Agent’s Lien upon any Collateral or the priority thereof or any adverse claim with respect to the Loans, the Loan Documents or the Collateral asserted by any Obligor, any receiver or trustee for any Obligor or any creditor or representa...
Eligible Cash cash of a Borrower held in a segregated restricted Deposit Account maintained with and pledged to the Administrative Agent, for the benefit of the Secured Parties, as security for the Obligations, and in which the Administrative Agent, for the benefit of the Secured Parties, has a first priority perfected security interest, and subject to a Deposit Account Control Agreement.
Eligible Cash. 1. readily and immediately available cash and Cash Equivalents7, in each case, in Dollars and Canadian Dollars held in deposit accounts located in the United States and Canada owned by any Loan Party or any Canadian Subsidiary thereof (other than the Cash Collateral) as of the month end immediately preceding the date hereof: $ minus
