Total Cash Sample Clauses

Total CashThe Credit Parties shall cause Total Cash as of the last day of each calendar month to be greater than or equal to five percent (5%) of total principal amount of Receivables of Elevate Credit Parent and its Subsidiaries.
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Total Cash. 1. Unrestricted cash and Cash Equivalents with Bank or Bank’s Affiliates or in a Deposit Account or Securities Account subject to a first priority perfected security interest (subject to Permitted Liens of the type described in clause (j) of the definition thereof) perfected by control either (1) subject to a first priority perfected security interest (subject to Permitted Liens of the type described in clause (j) of the definition thereof) perfected by control or (2) subject to Bank’s first priority perfected security interest perfected pursuant to the German Bank Accounts Pledge Agreement or German Receivables Assignment Agreement $
Total CashFor purposes of calculating Total Cash: 1. Total Cash will be net of any unpaid financial advisory, legal, printing, accounting and other expenses incurred by or on behalf of the Company in connection with the transactions contemplated by the Agreement. 2. The Company will not grant early payment discounts or other purchase discounts in excess of three percent (3%), and Total Cash shall be reduced by the amount of any receivable collected after the date of the Agreement with respect to which the Company grants a discount in excess of three percent (3%). 3. The Company will not permit its cost of goods sold days in accounts payable ratio (calculated as the product of (a) 90 times (b) accounts payable divided by (c) trailing three month cost of goods sold) to exceed 40 days. In the event that the cost of goods sold days in accounts payable ratio exceeds 40 days, Total Cash shall be reduced by the reduction in accounts payable necessary to bring the cost of goods sold days in accounts payable ratio to 40 days. 4. Total Cash will be increased to include any accounts receivable due from the Parent to the Company. 5. The Company will not permit its Days Sales Outstanding (DSO) as currently calculated to exceed 45 days. In the event that DSO exceeds 45 days, Total Cash shall be reduced by the reduction in accounts receivable necessary to bring DSO to 45 days. 6. Total Cash shall exclude (a) any cash received by the Company on or after the date hereof in connection with the exercise of any Company Stock Options, including same-day sales, and (b) interest on the Option Account.

Related to Total Cash

  • Total Net Leverage Ratio Holdings and its Restricted Subsidiaries, on a consolidated basis, shall not permit the Total Net Leverage Ratio on the last day of any Test Period to exceed the ratio set forth below opposite the last day of such Test Period:

  • Maximum Total Leverage Ratio The Borrower shall not permit the Total Leverage Ratio as of the last day of any four-quarter period to be greater than 4.00:1.00. Notwithstanding the foregoing: (a) for purposes of calculating the Total Leverage Ratio, until the earlier of (i) the consummation of a Specified Acquisition and (ii) termination of the acquisition agreement related to such Specified Acquisition, the Total Leverage Ratio shall not include any Indebtedness of the Borrower or the Guarantors to the extent that (x) such Indebtedness was incurred solely to finance such Specified Acquisition (and any related transactions) and the proceeds of such indebtedness are held as cash or cash equivalents in an escrow or equivalent arrangement (pending the consummation of such Specified Acquisition) and (y) such Indebtedness is redeemable or prepayable at no more than 101% of the principal amount thereof (plus accrued interest) in the event that the Specified Acquisition is not consummated; and (b) upon the Administrative Agent’s receipt of a written notice substantially in the form of Exhibit F hereto (a “Specified Acquisition Notice”), the Total Leverage Ratio as of the last day of any period for the four-quarter period beginning with the period in which such Specified Acquisition is consummated (such period in which the Specified Acquisition is consummated, the “Specified Acquisition Consummation Period”) and continuing through the fourth consecutive fiscal quarter ended immediately following the first day of the Specified Acquisition Consummation Period shall not exceed 4.50:1.00 (in lieu of the ratio set forth for such period above); provided that (i) the Borrower may deliver a Specified Acquisition Notice no more than three times during the life of this Agreement and (ii) after any Specified Acquisition Consummation Period, the Borrower must have a Total Leverage Ratio of no more than 4.00:1.00 for at least two consecutive fiscal quarters before the Borrower may elect to deliver a Specified Acquisition Notice for an additional time.

  • Consolidated Total Leverage Ratio Permit the Consolidated Total Leverage Ratio as of the last day of any fiscal quarter ending on or after September 30, 2008 to be greater than 3.5 to 1.0.

  • Total Leverage Ratio The Borrowers will not permit the Total Leverage Ratio on the last day of any fiscal quarter to exceed 3.75 to 1.00.

  • Maximum Consolidated Leverage Ratio The Consolidated Leverage Ratio at any time may not exceed 0.75 to 1.00; and

  • Total Debt The total Debt of all Consolidated Subsidiaries of the Borrower, excluding the Debt, if any, owed by such Consolidated Subsidiaries to the Borrower or another Consolidated Subsidiary of the Borrower, will at no time exceed an amount equal to $500,000,000 (or the Exchange Equivalent thereof).

  • Total Debt to EBITDA Ratio Not permit the Total Debt to EBITDA Ratio as of the last day of any Computation Period to exceed 3.25 to 1.00.

  • Consolidated Leverage Ratio Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 2.50 to 1.0.

  • Cash Flow Leverage Ratio The Borrower will not permit the Cash Flow Leverage Ratio on the last day of any fiscal quarter to exceed 3.50 to 1.00.

  • Consolidated Net Leverage Ratio Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 4.50:1.00.

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