Minimum Cash Velocity Sample Clauses

Minimum Cash Velocity. For each Test Period, measured as of the last day of each calendar month ending after March 31, 2010, Collections of Accounts of Borrowers collectively shall not be less than 87.5% of Borrowers’ net revenue for the Revenue Period less the bad debt expense recognized on the income statement for such Revenue Period. For purposes of the covenants set forth in this Annex I, the terms listed below shall have the following meanings:
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Minimum Cash Velocity. For each calendar month, the collections of Accounts of Borrower collectively shall not be less than an amount equal to the product of (x) 0.80 multiplied by (y) the average revenues of Borrower for the immediately preceding three months; provided that, upon any violation of or failure to comply with this covenant, Lender shall have the right, in its sole discretion, to consider for all purposes under the Agreement as though Borrower actually collected Accounts equal to such minimum required amount.
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Minimum Cash Velocity. For each Test Period, measured as of the last day of each calendar month ending after the Closing Date, Collections of Accounts of Borrowers collectively shall not be less than the greater of (a) 95% of Borrowers’ net revenue for the Revenue Period and (b) the amount set forth opposite such date: Date Collections March 31, 2010 $ 3,500,000 April 30, 2010 $ 4,000,000 May 31, 2010 $ 4,250,000 June 30, 2010 $ 4,750,000 July 31, 2010 $ 5,250,000 August 31, 2010 $ 5,750,000 September 30, 2010 $ 6,250,000 October 31, 2010 $ 6,750,000 November 30, 2010 $ 7,250,000 ; provided, however, that for each Test Period, measured as of the last day of each calendar month ending after November 30, 2010, collections of Accounts of Borrowers collectively shall not be less than 90% of Borrowers’ net revenue for the Revenue Period, provided that, upon any violation of or failure to comply with this covenant, Lender shall have the right, in its sole discretion, to consider for all purposes under the Agreement as though Borrower actually collected Accounts equal to such minimum required amount. (d) The Schedules to the Loan Agreement are hereby amended and restated as set forth on Exhibit 1 hereto, which Exhibit 1 is incorporated herein and made a part hereof and of the Loan Agreement.
Sample 1
Minimum Cash Velocity. Collections of Borrower's Accounts shall not be less than $69,000,000 during each Test Period of this Agreement; provided, however, that upon any violation of or failure to comply with this covenant Lender shall have the right, in its sole discretion, to consider for all purposes under the Agreement as though Borrower actually collected Accounts equal to such minimum required amount. For purposes of the covenants set forth in this Annex A, the terms listed below shall have the following meanings:
Sample 1
Minimum Cash Velocity. Borrower shall maintain, for each calendar month, a minimum “Cash Velocity” of at least the following percentages: Month of Closing Date through December 2003 50 % January 2004 and thereafter 55 %
Sample 1
Minimum Cash Velocity. Borrower and its Subsidiaries on a consolidated basis shall have, at the end of each Fiscal Month set forth below, a Physician Services Cash Velocity of at least 93%, (such calculation to be made according to the example set forth in Annex K).
Sample 1
Minimum Cash Velocity. It shall not allow (i) Collections of the Borrowers deposited during any Test Period into accounts subject to Control Agreements, the proceeds of which are Agent’s Collateral, to be less than (ii) 80% of Borrowers’ net revenue (as determined in accordance with GAAP), during the 3 calendar month period ending 2 months prior to the end of such Test Period.
Sample 1

Related to Minimum Cash Velocity

  • 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

  • XXXXX CASH 21 CONTRACTOR is authorized to establish a xxxxx cash fund in an amount not 22 to exceed two hundred and fifty dollars ($250.00).

  • Minimum Consolidated EBITDA Parent will not permit Consolidated EBITDA for any Test Period ended on the last day of a fiscal quarter described below to be less than the respective amount set forth opposite such period below: Fiscal Quarter Ended Closest to Amount --------------- -------- June 30, 1999 $32,000,000 September 30, 1999 $35,500,000 December 31, 1999 $37,000,000 March 31, 2000 $38,000,000 June 30, 2000 $39,000,000 September 30, 2000 $41,000,000 December 31, 2000 $42,000,000 March 31, 2001 $43,000,000 June 30, 2001 $43,500,000 September 30, 2001 $44,000,000 December 31, 2001 $44,500,000 March 31, 2002 $45,000,000 June 30, 2002 $45,500,000 September 30, 2002 $46,000,000 December 31, 2002 $46,500,000 March 31, 2003 $47,000,000 June 30, 2003 $47,500,000 September 30, 2003 $48,000,000 December 31, 2003 $48,500,000 March 31, 2004 $49,000,000 June 30, 2004 $49,500,000 September 30, 2004 $50,000,000 December 31, 2004 $50,500,000 March 31, 2005 $51,000,000

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

  • Minimum EBITDA Section 9.23(c) of the Loan Agreement is hereby deleted in its entirety and replaced with the following:

  • 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 Break between Shifts (a) Where it is necessary to work extended overtime, it is agreed that no Employee shall resume or continue to work without having had ten consecutive hours off duty between the termination of the overtime and the commencement of the Employee’s ordinary work on the next day or shift. (b) In the event that an Employee agrees to a request from site management to resume or continue to work without having had ten consecutive hours off duty, the Employee shall be paid at double ordinary time rates until the Employee is released from duty for such period.

  • MINIMUM CALL-IN If a member is called in for extra work, they shall be paid a minimum of four (4) hour pay at their straight hourly rate.

  • Net Cash Flow The term “Net Cash Flow” shall mean all cash and cash equivalents from all sources on hand as of the last day of the measurement period prior to any distributions to the Partners, and after the payment of all then due expenses of operating and managing the Restaurants, and after payment of all debts and liabilities and after any prepayments of any debts and liabilities that the General Partner, in its reasonable and good faith discretion, elects to cause to be made, and after the establishment of any reserves reasonably deemed necessary by the General Partner for (i) the repayment of any due debts or liabilities, including debts owed to the General Partner; (ii) the working capital requirements; (iii) capital improvements and replacement of furniture, fixtures or equipment; and (iv) any contingent or unforeseen liabilities. In determining Net Cash Flow of each Restaurant there shall be deducted the Supervision Fee and the Accounting Fee as provided in Section 4.7, the Advertising Payment and the Insurance Payment as provided in Section 4.8, and the OSRS Charges as provided in Section 4.2.