Minimum Assets. The Borrowers will not permit the Assets Under Management at any time to be less than $50,000,000,000.
Minimum Assets. Debtor shall maintain at all times the Minimum Assets. On or before the SECOND (2nd) Business Day of each calendar week (and at such other times as Lender may require), Debtor shall submit to Lender evidence of compliance with the required Minimum Assets satisfactory to Lender in its reasonable discretion for each Business Day of the prior week. “Minimum Assets” means that at all times as required, on a rolling TEN (10) Business Day average, the sum of all non-cash assets of Debtor as of such date, plus Debtor’s cash in the Collateral Deposit Account as of such date (including verified funds in transit to the Collateral Deposit Account) does not equal or exceed ONE HUNDRED THIRTY PERCENT (130.00%) of the then outstanding balance of the Credit Facility; provided that if on any Business Day the Minimum Asset requirement hereunder is not met (a “Minimum Asset Covenant Failure”), the Debtor shall be able to remedy such Minimum Asset Covenant Failure if within FIVE (5) Business Days the sum of all non-cash assets of Debtor as of such date, plus Debtor’s cash in the Collateral Deposit Account as of such date (including verified funds in transit to the Collateral Deposit Account) equals or exceeds ONE HUNDRED THIRTY-FIVE PERCENT (135.00%) of the then outstanding balance of the Credit Facility.
Minimum Assets. A minimum of seventy five percent (75%) of Borrower's consolidated assets shall be assets of Borrower, which assets shall not include any notes receivable held by Borrower from any Subsidiary, and not of any Subsidiary.
Minimum Assets. Guarantor shall not cause, permit or suffer the assets of Guarantor, O.S.I Puerto Rico, Inc. and SunSoft, Inc. on a consolidated basis determined in accordance with GAAP (after excluding any intercompany receivables and any Investments in or between Subsidiaries), to be less than $75,000,000 at any time.
Minimum Assets. At the Closing, the Vendors will certify to CUAQ that on a consolidated basis, immediately prior to Closing, Sihitech BVI and e-Channels BVI will have US$4 million cash and only have short- and long-term debt arising in the ordinary course.
Minimum Assets. At the Closing, KL and the KL Subsidiaries will certify to SHA that on a consolidated basis, the Business Day immediately prior to the Closing Date, KL will have not less than RMB60,000,000 in cash assets (including all or any bank drafts payable to KL or any KL Subsidiary) and will only have short- and long-term debt arising in the ordinary course.
Minimum Assets. The Company covenants and agrees that (i) the consolidated total assets of the Company and Xxxxx'x Xxxxx Farms shall at all times constitute at least 70% of the consolidated total assets of the Company and its Subsidiaries and (ii) the unconsolidated total assets of the Company shall at all times constitute at least 40% of the consolidated total assets of the Company and its Subsidiaries.
Minimum Assets. The Company shall at all times own, legally and beneficially, title to the Minimum Assets.
Minimum Assets. With respect to Company only, maintain as of the end of each fiscal quarter of Company, accounts receivable and inventory having an aggregate book value (as determined in accordance with GAAP) of not less than Eighty Million Dollars ($80,000,000)."
Minimum Assets. Borrower shall not cause, permit or suffer the value of the assets of Borrower, O.S.I. Puerto Rico and SunSoft on a consolidated basis determined in accordance with GAAP (after excluding any intercompany receivables and any Investments in or between Subsidiaries), to be less than $75,000,000 at any time.
