Minimum Liquidity at Closing. The Term Agent shall have received a duly completed written calculation in form and substance reasonably acceptable to the Term Agent, dated as of Closing Date, certified by a Responsible Officer of the Borrower Representative, which shall evidence that after giving effect to the making of the Term Loan and the other transactions contemplated to be effective on the Closing Date and, on a pro forma basis, (x) Liquidity shall not be less than $1,000,000 and (y) the Term Agent, in its reasonable discretion, shall be satisfied that all accounts payable, leases, payments due under other Indebtedness and Taxes due and payable are paid current (excluding good faith disputes related thereto);
Minimum Liquidity at Closing. The Term Agent shall have received a duly completed written calculation in form and substance acceptable to the Term Agent, dated as of Closing Date, certified by a Responsible Officer of the Designated Borrower, which shall evidence that after giving effect to the making of the Initial Term Loan, the other transactions contemplated to be effective on the Closing Date and, on a pro forma basis, the consummation of the Vista Acquisition following the Closing Date, Liquidity shall not be less than $4,000,000, and the Term Agent, in its sole discretion, shall be satisfied that all accounts payable, leases, payments due under other Indebtedness and taxes are paid current (excluding good faith disputes related thereto);
Minimum Liquidity at Closing. The Term Agent shall have received a duly completed written calculation, dated as of the Closing Date, certified by a Responsible Officer of the Lead Borrower, which shall evidence that after giving effect to the payoff of the Existing Credit Agreement, the making of the Term Loan on the Closing Date, and the other transactions contemplated to be effective on the Closing Date, the Credit Parties’ Liquidity shall not be less than $7,000,000, and the Term Agent, in its sole discretion, shall be satisfied that all accounts payable (as, and to the extent required under Section 4.7(d)), leases, payments due under other Indebtedness, and taxes are paid current (excluding good faith disputes related thereto);
