Minimum Unrestricted Cash Balance. Continental shall maintain a Consolidated Unrestricted Cash Balance as of the Close of Business on the last Business Day of each calendar month of at least $1,000,000,000.
Minimum Unrestricted Cash Balance. The Unrestricted Cash Balance of Lessee shall not, at any time, be less than $10,000,000.
Minimum Unrestricted Cash Balance. At all times following the Sixth Amendment Effective Date through April 30, 2019, Borrower shall maintain an unrestricted Cash balance of at least (a) 50% of the outstanding Loan balance plus (b) the amount of accounts payable (as defined under GAAP) not paid within 90 days of the invoice date, in accounts subject to an Account Control Agreement in favor of Agent. At all times after April 30, 2019, Borrower shall maintain an unrestricted Cash balance of at least (a) 75% of the outstanding Loan balance plus (b) the amount of accounts payable (as defined under GAAP) not paid within 90 days of the invoice date, in accounts subject to an Account Control Agreement in favor of Agent.
Minimum Unrestricted Cash Balance. As measured on the last calendar day of the Borrower's accounting quarter ending on or closest to each of the following dates (each, a "TEST DATE"), Borrower's Unrestricted Cash Balance for the applicable Test Period ending on such Test Date shall not be less than the following: ACCOUNTING/FISCAL QUARTER ENDED MINIMUM UNRESTRICTED CASH (ON OR ABOUT) BALANCE ------------- ------- June 30, 2004 $19,724,000 September 30, 2004 $15,052,000 December 31 2004 $25,594,000 March 31, 2005 $19,103,000 June 30, 2005 $19,724,000 September 30, 2005 $15,052,000 December 31 2005 $25,594,000 March 31, 2006 $19,103,000 ; provided, however, that if Borrower's Unrestricted Cash Balance is less than the amounts set forth in (A) above as of such Test Date, the Borrower shall be in compliance with (B) below:
Minimum Unrestricted Cash Balance. The Parent will not permit unrestricted cash or Cash Equivalents (the “Unrestricted Cash Balance”) of the Parent and its Subsidiaries at any time to be less than (a) if the Consolidated Net Debt Ratio is less than or equal to 4.60 to 1.0 as of the end of the most recently ended fiscal quarter for which financial statements have been delivered, $150,000,000; or (b) if the Consolidated Net Debt Ratio is greater than 4.60 to 1.0 as of the end of the most recently ended fiscal quarter for which financial statements have been delivered, $200,000,000; provided, that for purposes this Section 6.18.4, the Unrestricted Cash Balance shall be determined net of any fees or taxes paid, payable or that would be payable upon the repatriation of such unrestricted cash or Cash Equivalents to a U.S. Person, and, concurrently with the delivery of each Compliance Certificate pursuant to Section 6.1(a)(iii), the Administrative Agent shall have received a certificate from an Authorized Officer of the Borrower in form and substance reasonably satisfactory to the Administrative Agent which sets forth the calculation of the Unrestricted Cash Balance net of such fees or taxes; provided, further, that if the Unrestricted Cash Balance attributable solely to U.S. Persons equals or exceeds the amount required under this Section 6.18.4(a) or (b), as applicable, then a certificate from an Authorized Officer of the Borrower which sets forth the calculation of the Unrestricted Cash Balance with respect to unrestricted cash or Cash Equivalents of such U.S. Persons shall be substantively satisfactory to the Administrative Agent. For the avoidance of doubt, Parent and its Subsidiaries shall not be required to repatriate any such unrestricted cash or Cash Equivalents to a U.S. Person. Notwithstanding anything to the contrary contained in this Agreement, except as expressly set forth herein, all accounting determinations for purposes of calculating or determining the financial covenants set forth in this Section 6.18 (Financial Covenants) shall be made in accordance with GAAP applied on a basis consistent in all material respects with that used in preparing the audited financial statements of the Parent for the fiscal year ended December 31, 2014.
Minimum Unrestricted Cash Balance. The Co-Borrowers (a) shall not permit the Unrestricted Cash Balance on December 31, 2005 to be less than $9,500,000, and (b) shall not permit the Unrestricted Cash Balance at any time after December 31, 2005 and on or prior to June 30, 2007 to be less than $2,500,000. For the purposes of this Section 7.6, the term "UNRESTRICTED CASH BALANCE" means, at any time, the aggregate amount of Cash and Cash Equivalents of the Parent and its Subsidiaries at such time, excluding any such Cash or Cash Equivalents that are (i) held in the Escrow Account, (ii) subject to any Lien (other than a Lien created pursuant to the Transactions Documents), or (iii) the disposition or use of which by the Parent or its Subsidiaries is limited or restricted in any way pursuant to any escrow agreement or other agreement or instrument (other than any of the Transaction Documents other than the Escrow Account Control Agreement) to which the Parent or any of its Subsidiaries is a party.
Minimum Unrestricted Cash Balance. Borrower shall maintain a minimum balance of Unrestricted Cash (as defined herein) of Fifty Million Dollars ($50,000,000) at all
Minimum Unrestricted Cash Balance. The Parent will not permit unrestricted cash or Cash Equivalents (the “Unrestricted Cash Balance”) of the Parent and its Subsidiaries at any time to be less than: (a) $50,000,000 if the aggregate Extensions of Credit are less than or equal to $25,000,000, (b) $100,000,000 if the aggregate Extensions of Credit are greater than $25,000,000 but less than or equal to $75,000,000, (c) $150,000,000 if the aggregate Extensions of Credit are greater than $75,000,000 but less than or equal to $100,000,000 and (d) $200,000,000 if the aggregate Extensions of Credit are greater than $100,000,000; provided, that for purposes this Section 6.18.4, the Unrestricted Cash Balance shall be determined net of any fees or taxes paid, payable or that would be payable upon the repatriation of such unrestricted cash or Cash Equivalents to a U.S. Person, and, concurrently with the delivery of each Compliance Certificate pursuant to Section 6.1(a)(iii), the Administrative Agent shall have received a certificate from an Authorized Officer of the Borrower in form and substance reasonably satisfactory to the Administrative Agent which sets forth the calculation of the Unrestricted Cash Balance net of such fees or taxes; provided, further, that if the Unrestricted Cash Balance attributable solely to U.S. Persons equals or exceeds the amount required under this Section 6.18.4, as applicable, then a certificate from an Authorized Officer of the Borrower which sets forth the calculation of the Unrestricted Cash Balance with respect to unrestricted cash or Cash Equivalents of such U.S. Persons shall be substantively satisfactory to the Administrative Agent. For the avoidance of doubt, Parent and its Subsidiaries shall not be required to repatriate any such unrestricted cash or Cash Equivalents to a U.S. Person.
Minimum Unrestricted Cash Balance. At all times following the Third Amendment Effective Date, Borrower shall maintain an unrestricted Cash balance of at least (a) 75% of the outstanding Loan balance plus (b) the amount of accounts payable (as defined under GAAP) not paid within 90 days of the date payment was issued, in accounts subject to an Account Control Agreement in favor of Agent.
Minimum Unrestricted Cash Balance. At all times commencing on the Eighth Amendment Effective Date through May 31, 2019, Borrower shall maintain an unrestricted Cash balance of at least (a) 40% of the outstanding Loan balance, in accounts subject to an Account Control Agreement in favor of Agent. After 2:00pm Eastern Time on June 7, 2019, Borrower shall maintain, at all times, an unrestricted Cash balance of at least (a) 75% of the outstanding Loan balance plus (b) the amount of accounts payable (as defined under GAAP) not paid within 90 days of the invoice date, in accounts subject to an Account Control Agreement in favor of Agent.
