Minimum Net Cash. The Lessee shall maintain as of the end of each fiscal quarter, commencing with the fiscal quarter ending on June 30, 2001, Minimum Net Cash in an amount of not less than $50,000,000 and commencing with the fiscal quarter ending March 31, 2002, in an amount not less than the lesser of (i) $30,000,000 plus 50% of the net Cash proceeds to the Lessee from any equity offering consummated after October 19, 2001 and (ii) $50,000,000."
(c) Section 9.5(f) to the Participation Agreement is hereby amended and restated as follows:
Minimum Net Cash. The Net Cash shall be greater than or equal to the amount set forth on Schedule 6.2(h) hereto.
Minimum Net Cash. The Company’s Net Cash at the Determination Date shall be equal to or greater than an amount equal to (i) the Target Net Cash applicable as of the Closing Date less (ii) $5,000,000.
Minimum Net Cash. The Net Cash of Phoenix, as determined pursuant to Section 1.10 hereof, shall not be less than $3,000,000.
Minimum Net Cash. The Net Cash of M-CO, as determined pursuant to Section 2.01 hereof, shall not be less than $20 million.
Minimum Net Cash. At the Closing, Company Net Cash shall be no less than $23,000,000.00 (the “Minimum Net Cash”).
Minimum Net Cash. The Borrower will not at any time permit the sum of cash, plus Cash Equivalents, plus Investments of the kind described in paragraphs (a), (b), (c) and (g) of Section 8.3 that mature within one (1) year from the date of purchase by the Borrower, minus the outstanding amount of Revolving Credit Loans as of the date of determination, to be less than $50,000,000.
Minimum Net Cash. The Borrower will not permit Net Cash to be less than $40,000,000 at any time from and after February 11, 2002.
SECTION 4. AMENDMENT TO SECTION 13
Minimum Net Cash. The Borrower will maintain, at all ---------------- times, Net Cash equal to not less than $5,000,000.
