Minimum Qualified Cash. Section 6.8(a) of the Financing Agreement is hereby amended and restated in its entirety to read as follows:
Minimum Qualified Cash. Permit Qualified Cash of the Loan Parties at the end of any fiscal month following the Effective Date to be less than the sum of (i) $15,000,000 as of such date plus (ii) the Alconbury Rent Reserve as of such date.
Minimum Qualified Cash. Administrative Agent shall have received evidence reasonably satisfactory to it that the Company shall have unrestricted Cash and Cash Equivalents (other than restrictions created by the Collateral Documents) of at least $50,000,000 immediately after giving effect to any Credit Extensions to be made on the Closing Date, including the payment of all Transaction Costs required to be paid in Cash on the Closing Date.
Minimum Qualified Cash. Administrative Agent shall have received evidence reasonably satisfactory to it that the Loan Parties shall have unrestricted Cash and Cash Equivalents (other than restrictions created by the Collateral Documents) of at least $50,000,000 plus the amount by which the Loan Parties’ total accounts payable (under GAAP) is not paid by the 60th day after the due date associated with such accounts (on a pro forma basis immediately after giving effect to any Credit Extensions made on the Closing Date and the payment of all Transaction Costs required to be paid in Cash).
Minimum Qualified Cash. At all times from the Loan Closing and prior to August 15, 2022, Borrower shall maintain Qualified Cash of at least $6,250,000 plus the Qualified Cash A/P Amount. Commencing August 15, 2022 and prior to the First Amendment Effective Date, Borrower shall maintain Qualified Cash of at least $10,000,000 plus the Qualified Cash A/P Amount. Commencing on the First Amendment Effective Date and at all times thereafter until Xxxxxxxx has achieved the Equity Milestone II, Borrower shall maintain Qualified Cash of at least $2,250,000 plus the Qualified Cash A/P Amount; provided that at such time that Borrower has achieved the Equity Milestone II, and at all times thereafter, the required minimum Qualified Cash amount shall be reduced to $0.”
Minimum Qualified Cash. Commencing March 31, 2021, and as of the last day of each fiscal quarter thereafter, maintain Qualified Cash, calculated as the daily average of Qualified Cash for the 30 days ended on such date, of not less than $3,500,000.
Minimum Qualified Cash. (i)With respect to the Initial Funding Date, Administrative Agent shall have received evidence reasonably satisfactory to it that the Loan Parties shall have unrestricted Cash and Cash Equivalents of at least [***] on the Initial Funding Date (on a pro forma basis after giving effect to any Credit Extensions made on the Initial Funding Date and the payment of all Transaction Costs required to be paid in Cash).
Minimum Qualified Cash. Borrower shall not permit Qualified Cash to be less than $10,000,0005,000,000 at any time.
Minimum Qualified Cash. The Loan Parties shall not permit Qualified Cash at any time to be less than $70,000,000.
Minimum Qualified Cash. Subject to the time periods set forth in Schedule 5.2, permit Qualified Cash, as of the last day of any month, to be less than $15,000,000.
