Minimum Cash or Excess Availability. The Borrower shall at all times maintain $1,000,000.00 in (i) cash deposits maintained at Silicon, and/or (ii) excess "availability" under this Agreement (net of Revolving Loans, the Term Loan, Equipment Loan, Letters of Credit or other indebtedness under this Agreement), as determined by Silicon based upon the Credit Limit restrictions set forth in Section 1 above).
Appears in 2 contracts
Samples: Loan and Security Agreement (Picis Inc), Loan and Security Agreement (Picis Inc)
Minimum Cash or Excess Availability. The Borrower shall at all times maintain $1,000,000.00 in (i) cash deposits maintained at Silicon, and/or (ii) excess "availability" under this Agreement (net of Revolving Loans, the Term Loan, Equipment Loan, Letters of Credit or other indebtedness under this Agreement), as determined by Silicon based upon the Credit Limit restrictions set forth in Section 1 above).
Appears in 2 contracts
Samples: Loan Modification Agreement (Chyron Corp), Loan Modification Agreement (Chyron Corp)
Minimum Cash or Excess Availability. The Borrower shall at all times maintain $1,000,000.00 5,000,000.00 in (i) cash deposits maintained at Silicon, and/or (ii) excess "“availability" ” under this Agreement (net of Revolving Loans, the Term Loan, Equipment Loan, Letters of Credit or other indebtedness under this Agreement), as determined by Silicon based upon the Credit Limit restrictions set forth in Section 1 above).” and inserting in lieu thereof the following:
Appears in 1 contract
Samples: Loan Modification Agreement (Aspen Technology Inc /De/)
Minimum Cash or Excess Availability. ======================================================================= The Borrower shall at all times maintain $1,000,000.00 1,500,000 in (i) unrestricted cash deposits maintained at Silicon, and/or (ii) excess "availability" under this Agreement (net of Revolving Loans, the Term Loan, Equipment Loan, Letters of Credit or other indebtedness under this Agreement), as determined by Silicon based upon the Credit Limit restrictions set forth in Section 1 above).. ================================================================================
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Minimum Cash or Excess Availability. The Borrower shall at all times maintain (a) from the date of this Agreement through and including March 31, 2006, $1,000,000.00 1,500,000.00 and (b) from April 1, 2006 and thereafter, $1,750,000.00, in (i) unrestricted cash deposits maintained at Silicon, and/or (ii) excess "“availability" ” under this Agreement (net of Revolving Loans, the Term Loan, Equipment Loan, Letters of Credit or other indebtedness under this Agreement), as determined by Silicon based upon the Credit Limit restrictions set forth in Section 1 above).
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Minimum Cash or Excess Availability. The Borrower shall at all times maintain $1,000,000.00 2,000,000.00 in (i) cash deposits maintained at Silicon, and/or (ii) excess "“availability" ” under this Agreement (net of Revolving Loans, the Term Loan, Equipment Loan, Letters of Credit or other indebtedness under this Agreement), as determined by Silicon based upon the Credit Limit restrictions set forth in Section 1 aboveabove (“Cash/Excess Availability”).”
Appears in 1 contract
Samples: Loan Modification Agreement (Satcon Technology Corp)
Minimum Cash or Excess Availability. The Borrower shall at all times maintain $1,000,000.00 500,000.00 in (i) cash deposits maintained at Silicon, and/or (ii) excess "availability" under this Agreement (net of Revolving Loans, the Term Loan, Equipment Loan, Letters of Credit or other indebtedness under this Agreement), as determined by Silicon based upon the Credit Limit restrictions set forth in Section 1 above).
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Minimum Cash or Excess Availability. The Borrower shall at all times maintain $1,000,000.00 750,000.00 in (i) cash deposits maintained at Silicon, and/or (ii) excess "“availability" ” under this Agreement (net of Revolving Loans, the Term Loan, Equipment Loan, Letters of Credit or other indebtedness under this Agreement), as determined by Silicon based upon the Credit Limit restrictions set forth in Section 1 above).
Appears in 1 contract
Samples: Loan and Security Agreement (Double-Take Software, Inc.)
Minimum Cash or Excess Availability. The Borrower shall at all times maintain $1,000,000.00 5,000,000.00 in (i) cash deposits maintained at Silicon, and/or (ii) excess "“availability" ” under this Agreement (net of Revolving Loans, the Term Loan, Equipment Loan, Letters of Credit or other indebtedness under this Agreement), as determined by Silicon based upon the Credit Limit restrictions set forth in Section 1 above).”
D. The Loan Agreement shall be amended by deleting Section 5(c) of the Schedule thereto in its entirety and inserting in lieu thereof the following:
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Minimum Cash or Excess Availability. The Borrower shall at all times maintain $1,000,000.00 400,000.00 in (i) cash deposits maintained at Silicon, and/or (ii) excess "“availability" ” under this Agreement (net of Revolving Loans, the Term Loan, Equipment Loan, Letters of Credit or other indebtedness under this Agreement), as determined by Silicon based upon the Credit Limit restrictions set forth in Section 1 above).
Appears in 1 contract
Samples: Loan and Security Agreement (Satcon Technology Corp)
Minimum Cash or Excess Availability. The Borrower shall at all times maintain $1,000,000.00 75,000,000.00 in (i) cash deposits maintained at Silicon, and/or (ii) excess "“availability" ” under this Agreement (net of Revolving Loans, the Term Loan, Equipment Loan, Letters of Credit or other indebtedness under this Agreement), as determined by Silicon based upon the Credit Limit restrictions set forth in Section 1 above).”
Appears in 1 contract
Samples: Loan Modification Agreement (Aspen Technology Inc /De/)