Sufficient Cash. Prior to the Closing Date, MPC will have raised at least $9,000,000 additional in cash and cash equivalents through the conversion of outstanding convertible securities, the exercise or warrants or the sale of additional equity securities, as measured relative to MPC’s cash and cash equivalents as of the date hereof.
Sufficient Cash. Buyer will have at Closing sufficient cash available to pay the Acquisition Consideration on the terms and conditions contained herein, and there will be no restriction on the use of such cash for such purpose.
Sufficient Cash. By NRZ Brokerage, if the Guarantor, together with its direct and indirect subsidiaries on a consolidated basis, fails to maintain twenty-five million dollars ($25,000,000) in unencumbered (except for that certain Credit Agreement dated November 27, 2012 under which Altisource is the borrower) cash and/or cash equivalents, regardless of the currency (the “Cash Threshold”); provided that each month, the principal financial officer or the principal accounting officer shall certify that (a) at the end of such month, the Cash Threshold was satisfied in accordance with the United States generally accepted accounting principles (GAAP) definition of cash and cash equivalents; and (b) throughout such month, the Cash Threshold was satisfied at the end of each day in the month based on the total amount of cash held in bank accounts, which may or may not be GAAP compliant and may or not be reconciled.
Sufficient Cash. Buyer has sufficient cash or availability under any credit facility to pay the Purchase Price at the Closing.
Sufficient Cash ioneer Parent shall have (i) sufficient freely available cash to fund any equity contribution required to be made by it, as per the Consolidated Project Budget, to maintain at least a ***% interest in the Company, and shall fund the same at Closing to the extent required at Closing, and (ii) placed into escrow, pursuant to the Escrow Agreement, $*** of cash in support of ioneer Parent’s obligations to the relevant lenders or debt providers for any amounts required to be paid by it under any guarantee required under the Financing Documents. Such amount shall be in addition to any amounts required to be placed by ioneer Parent or its Subsidiaries into any reserve, support or similar accounts under the Financing Documents.”
Sufficient Cash. While any Series C-1 Preferred Stock, Series C-1 Warrants or Series C-2 Preferred Stock remain outstanding, the Company shall maintain cash sufficient to cover any and all amounts budgeted in the Approval Annual Budget (as defined below) for (i) legal costs relating to the proposed Reverse Merger or relating to the filing and effectiveness of the Form 10 registering the Company’s Common Stock under the 1934, as applicable, (ii) expenses relating to financial statement audits and reviews and (iii) investor relations expenses; provided, however, that prior to the Subsequent Capital Raise, the Company shall only be required to maintain cash sufficient to cover at least half of all such amounts.
Sufficient Cash. Buyers currently have, and at all times hereafter until the earlier of the Closing or the termination of this Agreement will have, sufficient cash on hand to pay the Reverse Termination Fee.
Sufficient Cash. (i) SPAC and Seller shall have determined the Sufficient Cash and (ii) the Available Cash immediately prior to the Closing shall not be less than the Sufficient Cash.
Sufficient Cash. The Seller and the Seller Guarantor collectively have, and will have at the time requiring payment to be made, unrestricted cash on hand or unrestricted cash available to them, sufficient to pay all other amounts to be paid or repaid by the Seller hereunder, and all of the Seller’s and the Seller Guarantor’s fees and expenses associated with the Transactions.
Sufficient Cash. Parent has sufficient cash resources to pay the Cash Consideration to be paid hereunder at the Closing and will have sufficient cash to pay any of the Milestone Payments when payable under this Agreement.
