Minimum Cash Reserves Sample Clauses

Minimum Cash Reserves. On a consolidated basis, Borrower and its Subsidiaries shall maintain at all times Minimum Cash Reserves of not less than $13,750,000.00.
Sample 1
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Minimum Cash Reserves. On a consolidated basis, Holdings and its Subsidiaries shall maintain as of the last day of each quarterly period Minimum Cash Reserves not less than the amount listed opposite such date below: 37
Sample 1
Minimum Cash Reserves. The Customer and its Affiliates will maintain, as of the end of each month and each fiscal year as reflected on reports provided to WFBC under Section 6.06(a) and (b), minimum cash reserves or investments in cash equivalents or short-term investments (“Cash Reserves”) in an aggregate amount equal to the greater of (a) the sum of Purchased Accounts under this Agreement plus all Purchased Accounts(as defined in the applicable Affiliate Account Purchase Agreement) under the Affiliate Account Purchase Agreements and (b) $2,000,000, but in any event, the Customer and its Affiliates shall not be required to maintain Cash Reserves in excess of $5,000,000.”
Sample 1
Minimum Cash Reserves. (1) On a consolidated basis, Borrower and its Subsidiaries shall maintain at all times Minimum Cash Reserves of not less than $7,000,000. (2) On a consolidated basis, Borrower and its Subsidiaries shall not, as of the last day of any fiscal quarter, have less than the amount of Minimum Cash Reserves set forth below opposite such quarter (measured as the average of Minimum Cash Reserves of Borrower and its Subsidiaries on the last day of each of the three calendar months included in such fiscal quarter): December 31, 2002 $ 26,100,000 March 31, 2003 $ 20,200,000 June 30, 2003 $ 14,900,000 September 30, 2003 $ 11,100,000 December 31, 2003 $ 7,700,000 March 31, 2004 $ 7,000,000 June 30, 2004 $ 7,000,000 September 30, 2004 $ 7,000,000 December 31, 2004 $ 7,000,000 March 31, 2005 $ 8,500,000 June 30, 2005 $ 9,000,000 September 30, 2005 $ 10,000,000 December 31, 2005 and the last day of each fiscal quarter thereafter $ 12,500,000
Sample 1
Minimum Cash Reserves. On a consolidated basis, Holdings and its Subsidiaries shall maintain as of the last day of each monthly or quarterly period, as applicable, Minimum Cash Reserves not less than the amount listed opposite such date below: March 31, 2002 $ 68,200,000 April 30, 2002 $ 55,800,000 May 31, 2002 $ 42,000,000 June 30, 2002 $ 35,800,000 July 31, 2002 $ 30,700,000 August 31, 2002 $ 26,400,000 September 30, 2002 $ 22,400,000 December 31, 2002 $ 35,000,000 March 31, 2003 $ 26,700,000 June 30, 2003 $ 17,900,000 September 30, 2003 $ 20,400,000 December 31, 2003 $ 26,300,000 March 31, 2004 $ 42,300,000 June 30, 2004 $ 69,600,000 September 30, 2004 $ 112,000,000 December 31, 2004 $ 144,500,000 March 31, 2005 $ 164,600,000 June 30, 2005 $ 171,300,000 September 30, 2005 $ 192,400,000 December 31, 2005 $ 220,000,000 March 31, 2006 $ 233,500,000 June 30, 2006 $ 243,700,000 September 30, 2006 $ 257,400,000 December 31, 2006 $ 277,700,000 March 31, 2007 $ 299,400,000 June 30, 2007 $ 205,000,000 September 30, 2007 $ 222,900,000 December 31, 2007 $ 244,700,000 Thereafter $ 280,600,000
Sample 1
Minimum Cash Reserves. On a consolidated basis, Guarantor and its --------------------- Subsidiaries shall maintain Minimum Cash Reserves of at least $5,000,000 at all times. As used in this subsection (s), "Minimum Cash Reserves" means unrestricted cash, cash equivalents and short-term (90 days or less) readily marketable investment grade debt securities of Guarantor and its wholly-owned Subsidiaries.
Sample 1
Minimum Cash Reserves. The Customer and its Affiliates will maintain, as of the end of each month and each fiscal year as reflected on reports provided to WFBC under Section 6.06(a) and (b), cash reserves or investments in cash equivalents and/or short-term investments in an amount of not less than the lesser of (a) Five Million and No/100 Dollars ($5,000,000.00) or (b) the sum of Purchased Accounts plus available Acceptable Accounts.
Sample 1
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Related to Minimum Cash Reserves

  • Minimum Cash As determined on the first of every calendar month, the Company shall at all times keep on-hand unencumbered, unrestricted cash in an amount greater than or equal to $1,000,000.

  • 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 Revenue from sales, marketing or distribution of the Product and related services (for each respective measured period, the “Minimum Required Revenue”): (a) during the twenty-four month period beginning on January 1, 2015, of at least $45,000,000; (b) during the twenty-four month period beginning on January 1, 2016, of at least $80,000,000; (c) during the twenty-four month period beginning on January 1, 2017, of at least $110,000,000; and (d) during the twenty-four month period beginning on January 1, 2018, of at least $120,000,000; and (e) during the twenty-four month period beginning on January 1, 2019, of at least $120,000,000.

  • 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

  • Maximum Capital Expenditures The Parent and the Borrower will, and will cause each Consolidated Subsidiary to, not make Capital Expenditures on a consolidated basis that exceed $30,000,000 in any fiscal year (the “Base Capital Expenditure Amount”). Notwithstanding anything to the contrary, the Base Capital Expenditure Amount shall be increased by the following amounts: (i) to the extent that the aggregate amount of Capital Expenditures made by the Parent and its Consolidated Subsidiaries in any fiscal year is less than the Base Capital Expenditure Amount, the amount of such difference may be carried forward and used to make Capital Expenditures in succeeding fiscal years, provided that in any fiscal year, the amount permitted to be applied to make Capital Expenditures pursuant to this clause (i) shall in no event exceed an amount equal to 75% of the unused portion of the Base Capital Expenditure Amount for such fiscal year (without giving effect to any prior adjustments), (ii) if no Default or Event of Default has occurred and is continuing, or would result after giving effect thereto, the Parent and its Consolidated Subsidiaries may make additional Capital Expenditures to the extent that the amount of such excess is deducted from the Base Capital Expenditure Amount in succeeding fiscal years, provided that in any fiscal year, the amount permitted to be applied to make Capital Expenditures pursuant to this clause (ii) shall in no event exceed an amount equal to 25% of the Base Capital Expenditure Amount (without giving effect to any prior adjustments) and (iii) the Base Capital Expenditure Amount shall exclude any Capital Expenditures that are funded with the Available Credits; provided that, at the time of such Capital Expenditures, the Borrower shall deliver a certificate of a Financial Officer stating the portion of Capital Expenditures that is being made from the Available Credit, and setting forth a calculation of the Available Credit immediately before and immediately after such Capital Expenditures.

  • Minimum Interest Coverage The Borrower will not permit the ratio of EBITDA to Consolidated Interest Expense as at any fiscal quarter end for the four fiscal quarters then ending to be less than 3.00 to 1.0.

  • Minimum Adjusted EBITDA Borrower shall maintain a minimum trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), as of such test date, of at least the greater of (a) $75,000,000 and (b) an amount equal to 75% of the trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), for the immediately preceding six-month period, tested semi-annually, commencing September 30, 2024, and continuing on each subsequent March 31 and September 30.

  • Minimum Balance Xxxxxxxx agrees to maintain a minimum balance of funds in the Settlement Account as Processor may specify to Merchant in writing from time to time.

  • Minimum Excess Availability Borrower shall have Excess Availability under the Revolving Credit Loans facility of not less than the amount specified in the Schedule, after giving effect to the initial advance hereunder and after giving effect to any applicable Loan Reserves against borrowing availability under the Revolving Credit Loans.

  • XXXXX CASH 25 CONTRACTOR is authorized to establish a xxxxx cash fund in an amount not 26 to exceed one thousand dollars ($1,000).

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