Minimum Liquidity Test. Fail to maintain Liquidity in an amount not less than the Minimum Liquidity Amount.
Minimum Liquidity Test. The Borrower will not permit Liquidity to be less than $75,000,000 at any time during the Covenant Adjustment Period.
Minimum Liquidity Test. On August 1, 2014, unrestricted cash and Permitted Investments of FelCor Trust and its Subsidiaries, unused and available Commitments and amounts available to be drawn under other credit facilities of FelCor Trust and its Subsidiaries shall equal or exceed the sum of (A) the aggregate principal amount of all recourse debt and the aggregate amount of preferred, convertible or other securities that require mandatory cash purchases, redemption or payments, in each case that matures within one-year of the Stated Maturity Date (without giving effect to any extension thereof), including the then outstanding principal balance of the Senior Secured Notes (2014), and (B) $25,000,000.”
Minimum Liquidity Test. The Company shall maintain liquidity such that on any date during the term of the Inventory Documents Available Liquidity shall equal or exceed the lesser of:
Minimum Liquidity Test. Not permit the Minimum Liquidity Test to be unsatisfied as at the last day of any fiscal month.
Minimum Liquidity Test. The sum of Borrower's and its Subsidiaries' (i) Availability at such time plus (ii) Qualified Cash, measured on a month-end basis, is $__________, which [is/is not] greater than or equal to the amount set forth in Section 7 of the Credit Agreement for the corresponding period. Agented; Single Borrower EXHIBIT L-1 FORM OF LIBOR NOTICE Xxxxx Fargo Capital Finance, LLC, as Agent under the below referenced Credit Agreement 000 Xxxxx Xxxxxx Xxxxx, Suite 2200 Chicago, Illinois 60603 Ladies and Gentlemen: Reference hereby is made to that certain Credit Agreement, dated as of May 22, 2012 (the "Credit Agreement"), among School Specialty, Inc., a Wisconsin corporation, Classroom Xxxxxx.xxx, LLC, a Delaware limited liability company, Sportime, LLC, a Delaware limited liability company, Delta Education, LLC, a Delaware limited liability company, Premier Agendas, Inc., a Washington corporation, Childcraft Education Corp., a New York corporation, Bird-in-Hand Woodworks, Inc., a New Jersey corporation, and Califone International, Inc., a Delaware corporation (collectively "Borrowers" and individually a "Borrower"), the lenders signatory thereto (the "Lenders"), and Xxxxx Fargo Capital Finance, LLC, a Delaware limited liability company, as the arranger and administrative agent for the Lenders ("Agent"). Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to them in the Credit Agreement. This LIBOR Notice represents Borrowers' request to elect the LIBOR Option with respect to outstanding Advances in the amount of $________ (the "LIBOR Rate Advance")[, and is a written confirmation of the telephonic notice of such election given to Agent]. The LIBOR Rate Advance will have an Interest Period of [1, 2, [or] 3[, or 6]] month(s) commencing on ______________. This LIBOR Notice further confirms Borrowers' acceptance, for purposes of determining the rate of interest based on the LIBOR Rate under the Credit Agreement, of the LIBOR Rate as determined pursuant to the Credit Agreement. Administrative Borrower represents and warrants that (i) as of the date hereof, each representation or warranty contained in or pursuant to any Loan Document or any agreement, instrument, certificate, document or other writing furnished at any time under or in connection with any Loan Document, and as of the effective date of any advance, continuation or conversion requested above, is true and correct in all material respects (except to the extent any represe...
Minimum Liquidity Test. Subject to clause (iii) below, Borrowers shall
Minimum Liquidity Test. Subject to the proviso below, Borrowers shall
Minimum Liquidity Test. Borrower’s availability of Revolving Loans hereunder plus all of Borrower’s and its Subsidiaries’ worldwide cash on deposit (excluding cash held in the People’s Republic of China) subject to Agent’s valid and perfected first priority Liens under the Financing Agreements shall be at all times equal to or greater than $50,000,000.
Minimum Liquidity Test. As of any date of determination that the Servicer does not have a revolving credit facility in effect with SunTrust Bank or another third party lender, the Servicer shall maintain an amount of unencumbered cash (which shall not include cash pledged to a third party or in which a third party has a perfected security interest) equal to or greater than $10,000,000.”
