Excess Cash on Hand. Within 10 Business Days following the first anniversary of the Initial Certain Funds Funding Date, Company shall cause an amount equal to 100% of cash on hand of Company and its Subsidiaries in excess of $1,250,000,000 (such excess amount, the “Excess Cash On Hand”) as set forth on the Balance Sheet delivered to the Administrative Agent by Company on or prior to the date such payment is made, to be applied to the Term Loans then outstanding as a mandatory prepayment of principal of Term Loans and accrued and unpaid interest thereon in accordance with Section 4.5.
Excess Cash on Hand. (p) (vi) immediately prior to, and after giving pro forma effect to such Restricted Payment, (x) Undrawn Availability on pro forma basis is greater than or equal to thirty-five percent (35%) of the Maximum Revolving Advance Amount, and (y) the Usage Amount is $3,000,000 or less; provided that such Usage Amount may only be comprised of outstanding Letters of Credit; and [PHI Group] Revolving Credit, Term Loan and Security Agreement
Excess Cash on Hand. Borrower may not request a Revolving Loan if after giving effect to such Revolving Loan and the contemporaneous use of the proceeds thereof, the aggregate amount of Borrowers' cash and Cash Equivalents would exceed $250,000.
Excess Cash on Hand. In the event that the aggregate amount of cash and Cash Equivalents of Parent and its Subsidiaries exceeds $30,000,000 at any time (without giving effect to the proceeds of any Borrowing that are used in the manner and within the time period set forth in the Notice of Borrowing with respect thereto), Borrowers shall immediately prepay the outstanding principal amount of the Advances until paid in full in an amount equal to such excess.
Excess Cash on Hand. If Cash on Hand exceeds $40,000,000 for a period of more than three (3) consecutive Business Days, the Borrower shall within three (3) Business Days pay to the Administrative Agent, for the account of the Lenders, an amount equal to such excess until the Outstanding Amount of all Revolving Loans has been reduced to $0. Any such payment shall be applied to the Outstanding Amount of all Revolving Loans without a permanent reduction in the Revolving Commitments.[Reserved].
Excess Cash on Hand. During the Forbearance Period, the amount set forth in the definition of “Excess Cash on Hand” in Section 1.01 of the Credit Agreement shall be deemed to be increased from $7,000,000 to $15,000,000. SECTION 4.
