Cash Plus Availability definition

Cash Plus Availability means Borrower’s and any Loan Party’s Unrestricted Cash subject to a Control Agreement plus (ii) amounts available for borrowing under the Term Loan.
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Cash Plus Availability means the sum of: (a) Borrower’s unrestricted cash and cash equivalents; plus (b) the total of all Loans available (not made and outstanding) pursuant to Section 1 of the Schedule. Capital Expenditures: During its 2018 fiscal year, Borrower shall not make Capital Expenditures in the aggregate exceeding $13,000,000.
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Cash Plus Availability means the sum of (a) Borrower’s unrestricted and unencumbered cash and Cash Equivalents maintained at Bank plus (b) the Availability Amount.”
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Examples of Cash Plus Availability in a sentence

  • Maintain: Net Cash (at all times, tested monthly) >$100,000,000 $ Yes No Financial Covenant Required Actual Complies Maintain as indicated: Revenue (trailing 3 month, tested quarterly) $ * $ Yes No Cash Plus Availability (at all times) $20,000,000.00 $ Yes No Revenue (trailing 4 month, tested just for April 30, 2023) $27,500,000.00 $ Yes No The following financial covenant analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Compliance Statement.

  • Maintain as indicated: Revenue (trailing 3 month, tested quarterly) $_______* $______ Yes No Cash Plus Availability (at all times) $20,000,000.00 $______ Yes No The following financial covenant analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Compliance Statement.

  • Streamline Period Applies Cash Plus Availability >$23,000,000 Yes No The following financial covenant analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this statement.

  • Borrower shall be required to maintain (i) Liquidity of at least $5,000,000, (ii) Gross Availability of at least $1,000,000, and (iii) Cash Plus Availability of at least $1,000,000, in each case, at all times during the period commencing on August 1, 2013, through and including the date upon which Borrower has maintained a Fixed Charge Coverage Ratio of not less than 1.0:1.0 for two consecutive calendar months.

  • To be tested as of the last day of each month with respect to which both (a) there were Advances outstanding as of the last day of such calendar month and (b) Borrower’s Cash Plus Availability is less than Twenty Million Dollars ($20,000,000.00) at any time during such month, EBITDA loss for the three (3) month period ending as of the last day of such month of no more than Five Million Dollars ($5,000,000.00).


More Definitions of Cash Plus Availability

Cash Plus Availability means the sum of (a) Borrower’s unrestricted and unencumbered cash maintained at Bank and Bank’s Affiliates plus (b) the Availability Amount.
Sample 1
Cash Plus Availability means, as of any date of determination, (a) unrestricted cash and Cash Equivalents of Borrower and its Subsidiaries that is in Deposit Accounts (exclusive of the Segregated Account) or in Securities Accounts, or any combination thereof, maintained at Lender plus (b) Availability as of such date of determination.
Sample 1
Cash Plus Availability means the sum of (a) Borrower’s unrestricted and unencumbered cash and Cash Equivalents maintained at Bank plus (b) the Availability Amount.” “ “Current Liabilities” are (a) the aggregate outstanding principal amount of Indebtedness of Borrower to Bank with respect to the Revolving Line, 2022 XxxX Growth Capital Advances and XxxX Growth Capital Advances, plus (b) without duplication of (a), the aggregate amount of Borrower’s Total Liabilities that mature within one (1) year.”
Sample 1

Related to Cash Plus Availability

  • Excess Availability means, as of any date of determination, the amount equal to Availability minus the aggregate amount, if any, of all trade payables of Borrower and its Subsidiaries aged in excess of historical levels with respect thereto and all book overdrafts of Borrower and its Subsidiaries in excess of historical practices with respect thereto, in each case as determined by Agent in its Permitted Discretion.

  • Average Excess Availability means, with respect to any period, the sum of the aggregate amount of Excess Availability for each day in such period (as calculated by Agent as of the end of each respective day) divided by the number of days in such period.

  • Revolving Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Maturity Date and the date of termination of the Revolving Commitments.

  • Service Availability The total number of minutes in a calendar quarter that the Tyler Software is capable of receiving, processing, and responding to requests, excluding maintenance windows, Client Error Incidents and Force Majeure.

  • Availability Reserve means without duplication, (a) the Rent and Charges Reserve; (b) the Hedge Product Reserve, (c) the Banking Services Reserve; provided that reserves of the type described in this clause (c) shall be instituted only after consultation with the Lead Borrower; (d) the Priority Payable Reserve; (e) the GST, HST Tax Reserve; (f) the Royalty Reserve; and (g) such additional reserves not otherwise addressed in clauses (a) through (f) above, in such amounts and with respect to such matters, as the Administrative Agent in its Permitted Discretion may elect to establish or modify from time to time. Notwithstanding anything to the contrary in this Agreement, (i) such Availability Reserves shall not be established or changed except upon not less than five (5) Business Days’ (or such shorter period as may be agreed by the Lead Borrower) prior written notice to the Lead Borrower, which notice shall include a reasonably detailed description of such applicable Availability Reserve being established (during which period (a) the Administrative Agent shall, if requested, discuss any such Availability Reserve or change with the Lead Borrower and (b) the Lead Borrower may take such action as may be required so that the event, condition or matter that is the basis for such Availability Reserve or change thereto no longer exists or exists in a manner that would result in the establishment of a lower Availability Reserve or result in a lesser change thereto, in a manner and to the extent reasonably satisfactory to the Administrative Agent), (ii) the amount of any Availability Reserve established by the Administrative Agent, and any change in the amount of any Availability Reserve, shall be limited to such Availability Reserve or changes as the Administrative Agent determines in its Permitted Discretion to be necessary (a) to reflect items that could reasonably be expected to adversely affect the value of the applicable Eligible Accounts or Eligible Inventory or (b) to reflect items that could reasonably be expected to adversely affect the enforceability or priority of the Administrative Agent’s Liens on the applicable Collateral, and (iii) the amount of any Availability Reserve established by the Administrative Agent, and any change in the amount of any Availability Reserve, shall have a reasonable relationship to the event, condition or other matter that is the basis for such Availability Reserve, criteria, rate or such change; provided that (x) no Availability Reserves may be established after the Closing Date based on circumstances, contingencies, events, conditions or matters known to the Administrative Agent as of the Closing Date for which no Availability Reserve was imposed on the Closing Date or criteria included in the definitions of Eligible Accounts or Eligible Inventory, in each case, as in effect on the Closing Date, unless such events, conditions or matters have changed in any material adverse respect since the Closing Date, (y) in no event shall any Availability Reserve with respect to any component of the Borrowing Base duplicate any Availability Reserve or adjustment already accounted for in determining eligibility criteria (including collection and/or advance rates) and (z) no Availability Reserve shall be imposed on the first 5% of dilution of Accounts and thereafter no dilution Availability Reserve shall exceed 1% for each incremental whole percentage in dilution over 5% (it being agreed that partial percentage point reserves are permitted (e.g., a reserve for 0.1 percentage points where dilution is 5.1%). Notwithstanding clause (i) of the preceding sentence, changes to the Availability Reserves solely for purposes of correcting mathematical or clerical errors (and such other changes as are otherwise agreed to by the Lead Borrower) shall only be subject to a notice period of one (1) Business Day, it being understood that no Default or Event of Default shall be deemed to result therefrom, if applicable, for a period of five (5) Business Days.

  • Network Availability means the capability of the equipment to resume functions after a remotely initiated trigger has been detected by a network port;