Common use of Minimum Qualified Cash Clause in Contracts

Minimum Qualified Cash. Administrative Agent shall have received evidence reasonably satisfactory to it that the Loan Parties shall have Qualified Cash of at least $70,000,000 (on a pro forma basis immediately after giving effect to any Credit Extensions made on the Closing Date, the Closing Date Refinancing, and the payment of all Transaction Costs required to be paid in Cash).

Minimum Qualified Cash. Administrative Agent shall have received evidence reasonably satisfactory to it that the Loan Parties Company shall have Qualified unrestricted Cash and Cash Equivalents (other than restrictions created by the Collateral Documents) of at least $70,000,000 (on a pro forma basis 50,000,000 immediately after giving effect to any Credit Extensions to be made on the Closing Date, the Closing Date Refinancing, and including the payment of all Transaction Costs required to be paid in Cash)Cash on the Closing Date.