Minimum Working Capital. The Borrower shall maintain at all times Working Capital (which shall mean Current Assets less Current Liabilities) of at least $500,000.
Minimum Working Capital. Borrower shall at all times maintain a minimum of $2,000,000.00 in current working capital on an aggregate and consolidated basis. Current working capital shall be defined as all Current Assets, less all Current Liabilities.
Minimum Working Capital. Borrower shall at all times maintain minimum Working Capital of not less than $1,000,000.00, measured as of the last day of each quarter.
Minimum Working Capital. Borrower will maintain at all times a working capital, determined under consistently applied generally accepted accounting principles by subtracting current liabilities from current assets, of $ (Minimum Working Capital) or more. For this determination, current assets exclude (Excluded Current Assets). Likewise, current liabilities include (1) all obligations payable on demand or within one year after the date on which the determination is made, and (2) final maturities and sinking fund payments required to be made within one year after the date on which the determination is made, but exclude all liabilities or obligations that Borrower may renew or extend to a date more than one year from the date of this determination.
Minimum Working Capital. The Company will not permit its Consolidated Working Capital, calculated as of the last day of any fiscal quarter ending after the Closing Date, to be less than $750,000. For purposes of this Section 8(f)(i) only, the calculation of Consolidated Working Capital shall exclude any warrant liability or change therein and any effect on the financial statements of the Company resulting from or otherwise related to (i) the Omnibus Amendment dated as of the date hereof involving the Warrants, (ii) the repricing of the warrants on the date hereof that were issued by the Company on July 28, 2005 pursuant to the Note and Warrant Purchase Agreement and to Libra FE, LP and (iii) any related amendment to or waiver dated as of the date hereof involving the Securities Purchase Agreement, the Note and Warrant Purchase Agreement, any transaction document related thereto, or the registration rights agreement with Libra FE, LP.”
Minimum Working Capital. Borrower shall maintain a minimum working capital each Fiscal Quarter of not less than Six Million Dollars ($6,000,000), measured quarterly on the last day of each Fiscal Quarter. For purposes of this Section, working capital shall be defined as current assets minus current liabilities, in each case calculated on a consolidated basis for the Borrower and its Subsidiaries.
1.5 Section 6.4 shall be deleted in its entirety and replaced with the following:
Minimum Working Capital. Genesis OLP shall not, at any time, permit its Consolidated Working Capital to be less than $1,000,000.
Minimum Working Capital. The Seller shall have delivered to the Buyer a balance sheet as of a date that is within five days of the Closing Date and the working capital of the Business as derived from such balance sheet shall be at least ($1,802,000) (negative), including a reserve for advertising and marketing expenses that is consistent with past practice.
Minimum Working Capital. The Issuer shall ensure that the Issuer on a consolidated basis at all times maintains a positive Working Capital.
Minimum Working Capital. The Guarantor will achieve and maintain consolidated working capital of not less than Ninety Million Dollars ($90,000,000) as of September 30, 1996 and the end of each month thereafter.