Common use of Minimum Consolidated Liquidity Clause in Contracts

Minimum Consolidated Liquidity. Holdings shall not permit Consolidated Liquidity at any time to be less than (i) from the period through the Closing Date through and including May [6], 2020, $1,500,000, (ii) from the First Amendment Effective Date through and including December 31, 2020, $4,000,000 and (iii) at all times thereafter, $1,500,000.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (ONE Group Hospitality, Inc.)

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Minimum Consolidated Liquidity. Holdings shall not permit Consolidated Liquidity at any time to be less than (i) from the period through the Closing Date through and ​ ​ including May [6]7, 2020, $1,500,000, (ii) from the First Amendment Effective Date through and including December 31, 20202021, $4,000,000 and (iii) at all times thereafter, $1,500,000.. ​

Appears in 1 contract

Samples: Credit and Guaranty Agreement (ONE Group Hospitality, Inc.)

Minimum Consolidated Liquidity. Holdings shall not permit Consolidated Liquidity at any time to be less than (i) $750,000 at any time from and after the period through the Closing Second Amendment Effective Date through and including May [6]on or prior to June 30, 2020, $1,500,0002015, (ii) from the First Amendment Effective Date through $1,500,000 at any time after June 30, 2015 and including on or prior to Xxxxxxxx 00, 0000, (xxx) $2,000,000 at any time after December 31, 20202015 and on or prior to June 30, 2016, (iv) $4,000,000 2,500,000 at any time after June 30, 2016 and on or prior to December 31, 2016, and (iiiv) $3,000,000 at all times thereafterany time after December 31, $1,500,0002016.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Vertex Energy Inc.)

Minimum Consolidated Liquidity. Holdings shall not permit Consolidated Liquidity at any time to be less than (i) $500,000 at any time from and after the period through the Closing Fourth Amendment Effective Date through and including May [6]on or prior to December 31, 2020, $1,500,0002015, (ii) from the First Amendment Effective Date through and including $750,000 at any time after December 31, 20202015 and on or prior to March 31, $4,000,000 2016, and (iii) $1,000,000 at all times thereafterany time after March 31, $1,500,0002016.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Vertex Energy Inc.)

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Minimum Consolidated Liquidity. Holdings shall not permit Consolidated Liquidity at any time to be less than (i) from the period through the Closing Date through and including May [6]7, 2020, $1,500,000, (ii) from the First Amendment Effective Date through and including December 31, 20202021, $4,000,000 and (iii) at all times thereafter, $1,500,000.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (ONE Group Hospitality, Inc.)

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