Minimum Cash Covenants Sample Clauses

Minimum Cash Covenants. The Parent Guarantor (not including its Subsidiaries) shall maintain on deposit unrestricted and unencumbered cash and/or Marketable Securities in an aggregate amount equal to not less than $25,000,000. In addition, Subsidiaries of the Parent Guarantor, other than (x) Acacia Research Group, LLC (“ARG”) and (y) the Subsidiary of the Parent Guarantor, other than ARG, that holds the greatest amount of unrestricted and unencumbered cash and or Marketable Securities, shall maintain on deposit unrestricted and unencumbered cash and/or Marketable Securities in an aggregate amount equal to not less than $25,000,000.
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Minimum Cash Covenants. Borrowers shall maintain (i) on the Closing Date and at all times thereafter, an aggregate amount equal to at least Fourteen Million Dollars ($14,000,000) of cash and cash equivalents in Borrowers' operating, depository or investment accounts at Bank and/or Comerica Securities, Inc., (ii) within forty five days after the Closing Date and at all times thereafter, an aggregate amount equal to at least Fifteen Million Dollars ($15,000,000) of cash and cash equivalents in Borrowers' operating, depository or investment accounts at Bank and/or Comerica Securities, Inc, and (iii) at all times, a combined monthly average balance in an aggregate amount equal to at least Eighteen Million Dollars ($18,000,000) of cash and cash equivalents in Borrowers' operating, depository or investment accounts with Bank and/or Comerica Securities, Inc. measured monthly.
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Minimum Cash Covenants. Borrowers shall maintain at all times an aggregate balance of unrestricted cash and investment grade marketable securities at Bank, Comerica Securities, Inc., and/or Munder Securities (if a securities account control agreement acceptable to Bank has been put into place with respect to such account) of at least Eighteen Million Dollars ($18,000,000) plus 50% of the aggregate proceeds of all sales of a Borrower's equity securities after December 9, 2003, provided that Borrowers shall not be required to comply with the foregoing covenant for the five (5) Business Days after the date on which Quovadx's tender offer to buy Rogue Wave's shares closes and the consideration is paid to the tendering shareholders (after such five day period passes, Borrowers shall once again be required to comply with this covenant and shall be required to comply with this covenant at all times thereafter). Notwithstanding any of the foregoing, Borrowers shall maintain a balance of unrestricted cash at Bank which is greater than or equal to Two Million Dollars ($2,000,000) at all times; provided that such amount shall constitute a portion of (and shall not be in addition to) the minimum $18,000,000 requirement specified above in this Section 6.7.
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Related to Minimum Cash Covenants

  • 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: $

  • Indebtedness and Cash Flow Covenants The Borrower on a consolidated basis with its Subsidiaries shall not permit:

  • Ship Covenants The undertakings in this Clause 21 remain in force throughout the Security Period.

  • Additional Financial Covenants If the Company shall at any time enter into one or more agreements (including any amendment of an existing agreement) pursuant to which Senior Funded Debt in an aggregate principal amount greater than $30,000,000 shall be outstanding and such agreement contains one or more financial covenants which are more restrictive on the Company and its Subsidiaries than the financial covenants contained in this Agreement, then such more restrictive financial covenants and any related definitions (the “Additional Financial Covenants”) shall automatically be deemed to be incorporated into § 5 of this Agreement (including § 5.15(f) and (g)) by reference and § 6.1(e) shall be deemed to be amended to include such Additional Financial Covenants from the time such other agreement becomes binding upon the Company until such time as such other Senior Funded Debt is repaid in full and all commitments related thereto are terminated; provided, that if at the time of any such repayment or the termination of any such commitment a Default or Event of Default shall exist under this Agreement, then such covenants shall continue in full force and effect so long as such Default or Event of Default continues to exist. So long as such Additional Financial Covenants shall be in effect, no modification or waiver of such Additional Financial Covenants shall be effective unless the Holders of at least 51% in aggregate principal amount of the Notes shall have consented thereto pursuant to § 7.1 hereof. Promptly but in no event more than 10 Business Days following the execution of any agreement providing for Additional Financial Covenants, the Company shall furnish each holder of the Notes with a copy of such agreement. Upon written request of the Holders of at least 51% in aggregate principal amount of the Notes, the Company will enter into an amendment to this Agreement pursuant to which this Agreement will be formally amended to incorporate the Additional Financial Covenants on the terms set forth herein.

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

  • Interim Covenants During the period from the date of this Agreement and continuing until the Closing, the Seller and the Stockholders each agree (except as expressly contemplated by this Agreement or to the extent that Buyer shall otherwise consents in writing) that:

  • Specific Financial Covenants During the term of this Agreement, and thereafter for so long as there are any Obligations to Lender, Borrower covenants that, unless otherwise consented to by Lender in writing, it shall:

  • 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

  • Interest Expense Coverage Ratio The Borrower will not permit the ratio of (i) Consolidated EBITDA to (ii) Consolidated Cash Interest Expense for any period of four consecutive fiscal quarters to be less than 3.75 to 1.00.

  • 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

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