Unrestricted Cash Amount Sample Clauses

Unrestricted Cash Amount. The Company shall have delivered evidence acceptable to the Agent that the Company has deposited U.S. Cash and Cash Equivalents in the U.S. Control Accounts in an amount not less than the Refinancing Amount.
Sample 1Sample 2
AutoNDA by SimpleDocs
Unrestricted Cash Amount. If the aggregate amount of Unrestricted Cash Amount located in the United States of all of the Loan Parties exceeds $40,000,000 for three (3) consecutive Business Days, the Borrower shall immediately prepay Revolving Loans, Swingline Loans and L/C Borrowings and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess.
Sample 1
Unrestricted Cash Amount. Subject to Section 5.19, at all times on and after such deposit account is established pursuant to Section 5.19 until the Termination Date, Holdings shall maintain a deposit account held by an SPE Loan Party that shall hold cash and Cash Equivalents in an amount no greater than such amount that would cause such deposit account to cease to be an Excluded Account pursuant to clause (iv) of the definition of “Excluded Accounts”. As of the most recently ended fiscal quarter for which financial statements have been delivered pursuant to Section 5.01(a) or (b) (commencing with the first fiscal quarter ending after the opening of the deposit account referred to in this Section 5.18), such deposit account shall have held cash and Cash Equivalents in an amount no less than the Unrestricted Cash Amount that was necessary to satisfy the financial covenant in Section 6.13(c) as of such date; provided that this clause (ii) shall be reduced dollar-for dollar by the amount of cash in deposit accounts subject to Control Agreements.
Sample 1
Unrestricted Cash Amount. During any Liquidity Computation Period, the Borrower shall not permit the amount of Unrestricted Cash Amount to be less than $100,000,000 for any day during such Liquidity Computation Period. (f) Darwin Homes Pagaya Parent will maintain no fewer than 7,500 single family homes under management through its Darwin business, tested as of the end of each fiscal quarter of Pagaya Parent starting with the fiscal quarter ending on June 30, 2024. 7.2
Sample 1

Related to Unrestricted Cash Amount

  • Minimum Cash Balance Licensee shall fund the Facility Checking Account --------------------- with an initial amount equal to $25,000.00 and thereafter Licensee shall provide the working capital required by Section I(H) of this Agreement

  • Cash on Hand If it is determined that the cash on hand exceeds actual expenses, work in process, and thirty (30) day projected expenses, less payments not yet received; future payments will be withheld, until cash on hand has been reduced.

  • Unrestricted Subsidiaries The Borrower:

  • EBITDA With respect to REIT and its Subsidiaries for any period (without duplication): (a) Net Income (or Loss) on a Consolidated basis, in accordance with GAAP, exclusive of the following (but only to the extent included in determination of such Net Income (Loss)): (i) depreciation and amortization expense; (ii) Interest Expense; (iii) income tax expense; (iv) Acquisition Closing Costs and extraordinary or non-recurring gains and losses (including, without limitation, gains and losses on the sale of assets) and income and expense allocated to minority owners; and (v) other non-cash items to the extent not actually paid as a cash expense; plus (b) such Person’s pro rata share of EBITDA of its Unconsolidated Affiliates as provided below. With respect to Unconsolidated Affiliates and Subsidiaries of Borrower that are not Wholly Owned Subsidiaries, EBITDA attributable to such entities shall be excluded but EBITDA shall include a Person’s Equity Percentage of Net Income (or Loss) from such Unconsolidated Affiliates or such Subsidiary of Borrower that is not a Wholly Owned Subsidiary plus its Equity Percentage of (i) depreciation and amortization expense; (ii) Interest Expense; (iii) income tax expense; (iv) Acquisition Closing Costs and extraordinary or non-recurring gains and losses (including, without limitation, gains and losses on the sale of assets) and income and expense allocated to minority owners; and (v) other non-cash items to the extent not actually paid as a cash expense.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!