Minimum Cage Cash Sample Clauses

Minimum Cage Cash. At the Closing, the Company and its Subsidiaries shall have Cage Cash on hand at the Real Property in an amount not less than Ten Million Dollars ($10,000,000).
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Minimum Cage Cash. At the Closing, the Company shall have Cage Cash on hand on the Real Property in an amount sufficient to meet the requirements of applicable Gaming Laws and not less than Two Million One Hundred Thousand Dollars ($2,100,000).
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Minimum Cage Cash. Permit Cage Cash to be less than $5,000,000, or such greater amount as may be required under applicable Gaming Laws, at any time.”
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Minimum Cage Cash. At the Closing, the Company shall have Cage Cash on hand at the Property in an amount sufficient to meet the requirements of the Mississippi Gaming Commission and under Mississippi Gaming Laws and not less than one million five hundred thousand dollars ($1,500,000). For avoidance of doubt, and notwithstanding any other provision of this Agreement, the parties acknowledge and agree that it shall not be a condition to the obligations of Buyer and Parent to consummate the transactions contemplated hereby that Buyer has sufficient funds for payment of the Purchase Price.
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Minimum Cage Cash. At the Closing, the Company shall have cash on hand in an amount not less than Minimum Cash on Hand, which amount shall be inclusive of at least $2.0 million of Cage Cash or such greater amount sufficient to meet the requirements of the Mississippi Gaming Commission and under Gaming Laws (the “Minimum Cage Cash”).
Sample 1
Minimum Cage Cash. At the Closing, the Company shall have Cage Cash in an amount sufficient to meet the requirements of applicable Gaming Laws and not less than Three Million One Hundred Thousand Dollars ($3,100,000.00). For determining whether this condition is satisfied, the Parties agree that, at the end of the gaming day on the Closing Date, Seller will conduct a physical count of the Cage Cash and Buyer shall have the right to designate representatives to monitor and observe such physical count.
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Minimum Cage Cash. At the Closing, Seller shall cause the Company to have Cage Cash on hand on the Real Property in an amount sufficient to meet the requirements of applicable Gaming Laws.
Sample 1
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Related to Minimum Cage Cash

  • 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: $

  • 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

  • Minimum Revenue Borrower and its Subsidiaries shall have annual Revenue from sales of the Product (for each respective calendar year, the “Minimum Required Revenue”):

  • Minimum Liquidity The Borrower shall not permit Liquidity at any time to be less than $50,000,000.

  • Minimum Adjusted EBITDA As of any date of determination from and after April 1, 2008, if Borrowers do not have Net Debt in an amount less than $4,000,000 at all times during the most recently completed fiscal quarter, then Borrowers shall not fail to achieve Adjusted EBITDA, measured on a quarter-end basis, of at least the required amount set forth in the following table for the applicable period set forth opposite thereto (and the failure to do so shall be deemed an Event of Default): Applicable Amount Applicable Period $(1,234,000) For the 3 month period ending March 31, 2008 $(1,246,000) For the 6 month period ending June 30, 2008 $(200,000) For the 9 month period ending September 30, 2008 $(839,000) For the 12 month period ending December 31, 2008 $(750,000) For the 12 month period ending March 31, 2009 17 Applicable Amount Applicable Period $(500,000) For the 12 month period ending June 30, 2009 $(150,000) For the 12 month period ending September 30, 2009 $150,000 For the 12 month period ending December 31, 2009 $350,000 For the 12 month period ending March 31, 2010 $550,000 For the 12 month period ending June 30, 2010 $750,000 For the 12 month period ending September 30, 2010 $950,000 For the 12 month period ending December 31, 2010 and for each 12 month period ending as of the last day of each fiscal quarter thereafter

  • Minimum Current Ratio Permit the Current Ratio at the end of any fiscal quarter to be less than 1.00 to 1.00.

  • 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 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

  • Minimum Sales 4.1 The minimum volume of sales of the Products that CSR commits to use its best efforts to achieve in the Territory on an annual basis in the first Agreement Year is 60,000 gallons (avg. 5,000 gallons per month). RCAI will review the annual volumes of sales of the Products prior to the beginning of any successive term during which this Agreement may continue and RCAI may change and adjust such minimums as it, in its sole judgment, sees fit.

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