Common use of Minimum Credit Party Liquidity Clause in Contracts

Minimum Credit Party Liquidity. Commencing on the Closing Date and at all times thereafter until the month following a Fixed Charge Election (if any), Borrower shall not permit the Credit Party Liquidity as of such date to be less than $5,000,000 (the covenant set forth in this Section 6.1, the “Minimum Liquidity Covenant”).

Appears in 2 contracts

Samples: Credit and Security Agreement (Mohawk Group Holdings, Inc.), Credit and Security Agreement (Mohawk Group Holdings, Inc.)

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Minimum Credit Party Liquidity. Commencing on the Closing ClosingNinth Amendment Effective Date and at all times thereafter until the month following a Fixed Charge Election (if any), Borrower shall not permit the Credit Party Liquidity as of such date to be less than $5,000,000 5,000,0006,500,000 (the covenant set forth in this Section 6.1, the “Minimum Liquidity Covenant”).

Appears in 1 contract

Samples: Credit and Security Agreement (Mohawk Group Holdings, Inc.)

Minimum Credit Party Liquidity. Commencing on the Closing Date and at all times thereafter until the month following prior to Agent's receipt of a Fixed Charge Minimum Availability Covenant Election (if any)Notice, Borrower Borrowers shall not permit the Credit Party Liquidity as of such date at any time to be less than $5,000,000 6,800,000 (the covenant set forth in this Section 6.1, the “Minimum Liquidity Covenant”).” MidCap / Aterian / Amendment No. 2 to Credit Agreement

Appears in 1 contract

Samples: Credit and Security Agreement (Aterian, Inc.)

Minimum Credit Party Liquidity. Commencing on the Closing Date and at all times thereafter until the month following prior to Agent’s receipt of a Fixed Charge Minimum Availability Covenant Election (if any)Notice, Borrower Borrowers shall not permit the Credit Party Liquidity as of such date at any time to be less than (a) during the period commencing on February 1st through and including May 31st of each calendar year, $5,000,000 12,500,000 and (b) at all other times, $15,000,000 (the covenant set forth in this Section 6.1, the “Minimum Liquidity Covenant”).. Midcap / Aterian / Credit Agreement DC - 036639/000052 - 10453208

Appears in 1 contract

Samples: Credit and Security Agreement (Aterian, Inc.)

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Minimum Credit Party Liquidity. Commencing on the Closing Date October 31, 2018 and at all times the end of each calendar month thereafter until the month following a Fixed Charge Election (if any), Borrower shall not permit the Credit Party Liquidity as of such date to be less than $5,000,000 the Three-Month Cash Burn Amount for the trailing three month period ending on the last day of the applicable calendar month (the covenant set forth in this Section 6.1, the “Minimum Liquidity Covenant”).

Appears in 1 contract

Samples: Credit and Security Agreement (Mohawk Group Holdings, Inc.)

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