Maximum Cash Balance. The Cash Balance, before giving effect to such extension of credit and any other transactions related (directly or indirectly) to such extension of credit, is less than $50,000,000.
Maximum Cash Balance. As of the end of the Business Day immediately preceding the date of any such borrowing, conversion, continuation issuance or extension and after giving effect to the Borrower's receipt of the proceeds from any such Loan, as the case may be, and the application of such proceeds, the aggregate amount of cash and Cash Equivalents of the Borrower and its Subsidiaries shall not exceed $70,000,000.
Maximum Cash Balance. As of the end of the Business Day immediately preceding the date of any such borrowing, conversion, continuation, issuance or extension and after giving effect to the Borrower’s receipt of the proceeds from any such Loan, as the case may be, and the application of such proceeds, the aggregate amount of cash and Cash Equivalents of the U.S. Borrower and its Subsidiaries shall not exceed (i) with respect to the period from the Eleventh Amendment Effective Date until the Exchange Offer is completed, closed and settled on terms and conditions satisfactory to the Administrative Agent, the U.S. Administrative Agent and the Required Lenders, $50,000,000 and (ii) with respect to any other period other than the period specified in clause (i) of this Section 5.3(d), $70,000,000.
Maximum Cash Balance. Section 6.2.2(a)(vi) of the Loan Agreement is amended and restated to read as follows:
Maximum Cash Balance. If, at any time there are Revolving Loans outstanding, the aggregate amount of cash and Cash Equivalents of the Borrower and its Subsidiaries exceeds $10,000,000 for a period of five (5) consecutive Business Days, the Borrower shall immediately repay any Revolving Loans in the amount of such excess. If, at any time no Revolving Loans are outstanding, the aggregate amount of cash and Cash Equivalents of the Borrower and its Subsidiaries exceeds $20,000,000 for a period of five (5) consecutive Business Days, the Borrower shall immediately repay the principal of the Term Loan B and, if applicable, the Incremental Facility Loans, on a pro rata basis (applied to reduce, on a pro rata basis, the remaining scheduled principal installments of the Term Loan B and, if applicable, the Incremental Facility Loans) in the amount of such excess. Accrued interest on the principal amount of the Loans being repaid pursuant to this Section 2.6(b)(x) to the date of such repayment (together with any additional amount owing under Section 2.9 ) will be paid by the Borrower concurrently with such principal repayment.”
(j) Amendment to Section 2.14
Maximum Cash Balance. The cash balance of all cash and Cash Equivalents of the Borrower and all of its U.S. Subsidiaries, taken together, shall not exceed in the aggregate $8,000,000,000 on the date of any Borrowing Notice.
Maximum Cash Balance. The amount of cash and Cash Equivalents available to the Borrower and its Subsidiaries, after giving effect to the extensions of credit requested to be made on such date and the proposed application of proceeds thereof, shall not exceed $7,000,000.
Maximum Cash Balance. Company shall not permit the aggregate amount of Cash and Cash Equivalents of Company and its Subsidiaries (the "MAXIMUM CASH BALANCE") as at the end of (i) the month ending March 31, 2004 to exceed $25,000,000 and (ii) any month, beginning with the month ending April 30, 2004 to exceed $20,000,000; provided that to the extent that the aggregate amount of Cash and Cash Equivalents of Company and its Subsidiaries exceeds the Maximum Cash Balance, Company shall apply such excess to prepay the Term Loans in accordance with Section 2.11(e).
Maximum Cash Balance. Permit the Company and its Subsidiaries on a consolidated basis to maintain collected cash balances in an amount greater than $10,000,000 for any period of three (3) consecutive Business Days; provided, however, that in the event (i) the Company’s primary treasury management provider cancels all treasury connectivity and risk products or (ii) the Revolving Swing Line Lender, the New Vehicle Swing Line Lender or the Used Vehicle Swing Line Lender fails for any period of three (3) consecutive Business Days to make advances as requested in accordance with this Agreement, then the amount of collected cash balances needed to pre-fund all account disbursements and outflows of the Company and its Subsidiaries shall be excluded from this calculation; and provided further that the limitation on collected cash balances shall not apply at any time that (y) the aggregate Outstanding Amount of all Revolving Loans plus (z) all Unreimbursed Amounts (including all L/C Borrowings) is equal to $0.
Maximum Cash Balance. Parent shall provide evidence reasonably satisfactory to Buyer that Nelco SG does not have, as of the Closing Date, Cash in excess of USD$10,000,000.
