Maximum Cash Balances Sample Clauses

Maximum Cash Balances. At no time when there are any Domestic Revolving Loans, Multicurrency Revolving Loans or Swing Line Loans outstanding, shall the amount of Cash or Cash Equivalents held by the Borrower and its Restricted Subsidiaries (or on behalf of the Borrower and its Restricted Subsidiaries) exceed $100,000,000 in the aggregate; provided, however, amounts in excess of $100,000,000 may be held for up to three (3) Business Days so long as such excess amounts are (a) held to pay third party obligations of the Borrower and its Restricted Subsidiaries; and (b) are held in an account under the control and dominion of the Collateral Agent on behalf of the Secured Parties."
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Maximum Cash Balances. If MCC and its Subsidiaries shall maintain Cash and Cash Equivalents in excess of $15,000,000 in the aggregate as of the close of business (New York time) on any Business Day, MCC shall, not later 12:00 noon (New York time) on the next succeeding Business Day, prepay the outstanding Revolving Credit Loans in an aggregate amount not less than the amount of such excess.
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Maximum Cash Balances. (a) Permit the aggregate amount of cash and Cash Equivalents of the Borrower and its Subsidiaries (other than cash and Cash Equivalents erroneously credited to any deposit, securities or other investment account of the Borrower and its Subsidiaries so long as such amount is removed from such account within two (2) Business Days after its deposit therein) to exceed $70,000,000 as of the end of any Business Day for more than two (2) Business Days or (b) permit the aggregate amount on deposit at any time in all Excluded Accounts to exceed $500,000.
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Maximum Cash Balances. (a) Permit the aggregate amount of cash and Cash Equivalents of the U.S. Borrower and its Subsidiaries (other than cash and Cash Equivalents erroneously credited to any deposit, securities or other investment account of the Borrower and its Subsidiaries so long as such amount is removed from such account within two (2) Business Days after its deposit therein) to 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 10.14(a), $70,000,000 in each case, as of the end of any Business Day for more than two (2) Business Days and (b) permit the aggregate amount on deposit at any time in all Excluded Accounts to exceed $500,000.
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Maximum Cash Balances. Subsequent to June 30, 2010, the Credit Parties shall not allow their cash balances to exceed $5,000,000 (the “Maximum Cash Amount”). Any amounts in excess of the Maximum Cash Amount shall immediately be paid by the Credit Parties to the Administrative
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Maximum Cash Balances. At any time during the Amendment No. 2 Period, if the Borrower and its Subsidiaries shall maintain cash and Cash Equivalents in excess of $10,000,000 in the aggregate as of the close of business (New York time) on any Business Day, the Borrower shall, not later 12:00 noon (New York time) on the next succeeding Business Day, prepay the outstanding Revolving Loans in an aggregate amount not less than the amount of such excess (together with interest thereon and any amounts payable under Section 5.05 hereof; provided that such prepayment shall be applied first to Base Rate Loans and then to Eurodollar Loans).”
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Maximum Cash Balances. The aggregate cash and cash equivalents of the Borrower and its Domestic Subsidiaries (exclusive of (i) cash and cash equivalents subject to Liens contemplated by Section 6.02(f), (ii) cash and cash equivalents held in a Cash Collateral Account and (iii) uncollected items) will at no time exceed $20,000,000.
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Maximum Cash Balances. For so long as, and at any time, that any Revolving Loans are or remain outstanding, cause or permit the aggregate balances of all cash, Cash Equivalents, deposit, savings, or money market accounts, and all similar accounts of each of the Loan Parties to exceed the amount of the Loan Parties’ issued and uncleared checks, wire transfers, ACH credits or other similar payment items made in the ordinary course of the Loan Parties’ business by more than $5 million for a period of more than two (2) consecutive Business Days.
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Maximum Cash Balances. Subsequent to the Sixth Amendment Effective Date, the Credit Parties shall not allow their cash balances, exclusive of amounts contained in the 2011 Cash Collateral Account, to exceed the Maximum Cash Amount. Any amounts in excess of the Maximum Cash Amount shall immediately be paid by the Credit Parties to the Administrative Agent to be deposited into an internal, non-interest bearing demand deposit account titled “Wachovia Bank, a Xxxxx Fargo Company, on behalf of Xxxxxxx Xxxxxx”, (the “2011 Cash Collateral Account”). The 2011 Cash Collateral Account will be held by the Administrative Agent as Collateral for the Obligations, but shall be the property of the Credit Parties and shall be identified by the Borrowers’ tax identification number. The Administrative Agent shall internally notate the 2011 Cash Collateral Account as “Purpose: Xxxxxxx Xxxxxx cash collateral account for the benefit of Xxxxx Fargo Bank as Agent.” Daily information with respect to the 2011 Cash Collateral Account shall be available to the Credit Parties upon request, with monthly statements being forwarded to the Credit Parties promptly upon receipt by the Administrative Agent. The Administrative Agent may offset amounts in the 2011 Cash Collateral Account if directed to do so by the Required Lenders upon the occurrence and continuation of an Event of Default hereunder. Amounts offset by the Administrative Agent shall be applied: (i) first, to non-permanently reduce the Revolving Loans (but not the Non-Revolving Revolving Loans); (ii) second, to prepay the $30,000,000 principal payment payable with respect to the Term Loan pursuant to Section 2.6(a) of this Agreement; (iii) third, to make Incremental Term Loan Payments; and (iv) fourth, as determined by the Administrative Agent, in its reasonable discretion. The Credit Parties shall have no rights to withdraw funds from the 2011 Cash Collateral Account, except (w) with the consent of the Required Lenders, (x) between April 29, 2011 and May 6, 2011, to the extent consented to by the Administrative Agent, in its sole and absolute discretion (as determined by the Administrative Agent after consultation with the steering committee Lenders) up to $30,000,000 to pay the principal payment with respect to the Term Loan pursuant to Section 2.6(a) of this Agreement, (y) between April 29, 2011 and May 6, 2011, to the extent consented to by the Administrative Agent, in its sole and absolute discretion (as determined by the Administrative Agent af...
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Related to Maximum Cash Balances

  • Minimum Cash Balance Licensee shall fund the Facility Checking Account --------------------- with an initial amount equal to $25,000.00 and thereafter Licensee shall provide the working capital required by Section I(H) of this Agreement

  • Cash Balances Uninvested cash balances in my Account will be automatically swept into the Xxxxxx Xxxxx Money Market Fund according to my previous elections and authorizations relating to the treatment of cash balances. I understand and agree that the Xxxxxx Xxxxx Money Market Fund is offered by an Xxxxxx Xxxxx affiliate and, as a result, Xxxxxx Xxxxx has a financial incentive to select the Xxxxxx Xxxxx Money Market Fund as the available cash option, instead of a third-party cash product.

  • Cash Balance At Closing, Purchaser shall pay to Seller the Purchase Price, less the Xxxxxxx Money, plus or minus the prorations described in this Agreement (such amount, as adjusted, being referred to as the “Cash Balance”). Purchaser shall pay the Cash Balance by federal funds wire transferred to an account designated by Seller in writing.

  • Minimum Cash A. Minimum daily balance of cash and Permitted Cash Equivalent Investments of Borrower and its Subsidiaries during the most recently ended fiscal quarter of Borrower: $

  • Bank Accounts; Cash Balances (a) Each Party agrees to take, or cause the members of its Group to take, at the Effective Time (or such earlier time as the Parties may agree), all actions necessary to amend all contracts or agreements governing each bank and brokerage account owned by SpinCo or any other member of the SpinCo Group (collectively, the “SpinCo Accounts”) and all contracts or agreements governing each bank or brokerage account owned by Parent or any other member of the Parent Group (collectively, the “Parent Accounts”) so that each such SpinCo Account and Parent Account, if currently linked (whether by automatic withdrawal, automatic deposit or any other authorization to transfer funds from or to) to any Parent Account or SpinCo Account, respectively, is de-linked from such Parent Account or SpinCo Account, respectively.

  • Maximum Consolidated Capital Expenditures Holdings shall not, and shall not permit its Subsidiaries to, make or incur Consolidated Capital Expenditures, in any Fiscal Year, in an aggregate amount for Holdings and its Subsidiaries in excess of $125,000,000; provided, such amount for any Fiscal Year shall be increased by an amount equal to the excess, if any (but in no event more than $62,500,000), of such amount for the immediately preceding Fiscal Year (with the above scheduled amount for any Fiscal Year being used prior to any amount carried over from the preceding Fiscal Year) over the actual amount of Consolidated Capital Expenditures for such previous Fiscal Year; provided, further, so long as no Default shall have occurred and being continuing or would result therefrom, Holdings and its Subsidiaries may also make Consolidated Capital Expenditures in an amount not to exceed the Cumulative Growth Amount immediately prior to the making of such Consolidated Capital Expenditures (but the amount of Consolidated Capital Expenditures made from the Cumulative Growth Amount in any Fiscal Year shall not exceed 50% of the above scheduled amount of Consolidated Capital Expenditures that would have otherwise been permitted to made in such Fiscal Year pursuant to this Section 6.7(c)); and provided, further that for each Permitted Acquisition consummated in any Fiscal Year and, if consummated, the SDI Acquisition in the Fiscal Year ending December 31, 2011, the maximum amounts set forth above for such Fiscal Year and for every Fiscal Year thereafter shall be increased by an amount equal to 110% of the quotient obtained by dividing (A) the amount of Consolidated Capital Expenditures made by the acquired Person or business for the thirty-six month period immediately preceding the consummation of such Permitted Acquisition or SDI Acquisition as determined by the financial statements for such acquired Person or business by (B) three (3).

  • Maximum Credit Patheon's liability for Active Materials calculated in accordance with this Section 2.2 for any Product in a Year will not exceed, in the aggregate, the Maximum Credit Value set forth in Schedule D to a Product Agreement.

  • Minimum Consolidated EBITDA The Borrower will not permit Modified Consolidated EBITDA, for any Test Period ending at the end of any fiscal quarter of the Borrower set forth below, to be less than the amount set forth opposite such fiscal quarter: Fiscal Quarter Amount September 30, 1997 $36,000,000 December 31, 1997 $36,000,000 March 31, 1998 $36,000,000 June 30, 1998 $37,000,000 September 30, 1998 $37,000,000 December 31, 1998 $38,000,000 March 31, 1999 $38,000,000 June 30, 1999 $39,000,000 September 30, 1999 $40,000,000 December 31, 1999 $41,000,000 March 31, 2000 $41,000,000 June 30, 2000 $42,000,000 September 30, 2000 $43,000,000 December 31, 2000 $44,000,000 March 31, 2001 $44,000,000 June 30, 2001 $45,000,000 September 30, 2001 $46,000,000 December 31, 2001 $47,000,000 March 31, 2002 $47,000,000

  • Maximum Leverage Permit, as of any fiscal quarter end, the ratio of (a) Adjusted Portfolio Equity as of such fiscal quarter end to (b) Funded Debt as of such fiscal quarter end, to be less than 5.00 to 1.00.

  • Minimum Excess Availability Borrower shall have Excess Availability under the Revolving Credit Loans facility of not less than the amount specified in the Schedule, after giving effect to the initial advance hereunder and after giving effect to any applicable Loan Reserves against borrowing availability under the Revolving Credit Loans.

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