Minimum Cash and Cash Equivalents. Prior to the Transition Date, the Borrower will not permit the Liquidity Amount for any period of five consecutive Business Days ending on or after the date hereof (calculated at the close of business on each Business Day), to be less than $50,000,000.
Minimum Cash and Cash Equivalents. The Borrower and its Subsidiaries, on a consolidated basis, will at all times own and maintain cash and cash equivalents in an aggregate amount of not less than $75,000,000 and the Borrower will at all times cause not less than $40,000,000 of such amount to be held and maintained as Domestic Cash."
Minimum Cash and Cash Equivalents. During Stage 1, Company shall not permit aggregate Cash and Cash Equivalents of Company and its Subsidiaries as of the last day of each calendar month during Stage 1 to be less than the correlative amounts set forth on Schedule 6.6; provided, that for purposes of calculating the covenant set forth on Schedule 6.6, all amounts of Cash and Cash Equivalents held by the Singapore Subsidiaries shall be deducted from such calculation.
Minimum Cash and Cash Equivalents. Permit the Parent’s Liquid Assets, determined on a consolidated basis, at any time to be less than $15,000,000, or permit the Parent or any applicable Subsidiary otherwise not to be in compliance with applicable liquidity requirements of HUD, Xxxxxx Mae and Xxxxxxx Mac.
Minimum Cash and Cash Equivalents. Commencing on the Transition Period End Date, Borrower shall at all times maintain at least Twenty Million Dollars ($20,000,000) of unrestricted cash and Cash Equivalents at Bank.
Minimum Cash and Cash Equivalents. Permit Cresleigh LLC's Cash and Cash Equivalent at any time to be less than $1,500,000.
Minimum Cash and Cash Equivalents. Cash and Cash Equivalents of Parent and its Subsidiaries, determined on a consolidated basis, (i) except as set forth in clause (ii) below, of no less than $50,000,000 at all times during the term of this Agreement, and (ii) of no less than $40,000,000 for the period beginning on November 3, 2001 through November 9, 2001.
Minimum Cash and Cash Equivalents. For any date that is a fiscal quarter end from the Fourth Amendment Effective Date through May 31, 2006 $ 11,000,000 For any date that is not a fiscal quarter end from the Fourth Amendment Effective Date through May 31, 2006 $ 10,000,000 At any time from June 1, 2006, through May 31, 2007 $ 9,000,000 At any time from June 1, 2007, and any date thereafter $ 7,500,000
Minimum Cash and Cash Equivalents. Debtor shall at all times maintain a minimum of Seventeen Million Dollars ($17,000,000.00) of cash and Cash Equivalents in the account or accounts covered by the Account Control Agreements described in Section 4(b) above (the “Minimum Cash Covenant”). In the event that the Debtor’s cash and Cash Equivalents in such accounts at any time do not equal or exceed Seventeen Million Dollars ($17,000,000), then Debtor shall, within five (5) business days of the occurrence of such a shortfall, issue to Secured Party an irrevocable standby letter of credit in an amount equal to the outstanding principal balance of the loan in form and substance satisfactory to Secured Party at its sole discretion.
Minimum Cash and Cash Equivalents. At all times prior to the Closing Date, the Borrower shall maintain cash and Cash Equivalents available to satisfy the consideration to be paid by the Borrower in consummating the TLA Acquisition, and the fees and expenses related thereto, in an amount not less than $80,000,000 or such lesser amount as necessary to consummate the TLA Acquisition.
