Consolidated Cash Balance Threshold definition

Consolidated Cash Balance Threshold means $20,000,000.

Consolidated Cash Balance Threshold means $50,000,000.

Consolidated Cash Balance Threshold means $25,000,000.

Examples of Consolidated Cash Balance Threshold in a sentence

• If, (a) as at the end of any calendar month, the Consolidated Cash Balance exceeds the Consolidated Cash Balance Threshold and (b) the outstanding principal balance of Debt permitted by Section 9.02(m) is greater than zero, then the Borrower shall, within five (5) Business Days of becoming aware of any such excess, repay any Debt permitted by Section 9.02(m) in an aggregate principal amount, plus accrued interest, if any, equal to such excess.

• If, (a) as of the end of any calendar month, the Consolidated Cash Balance exceeds the Consolidated Cash Balance Threshold and (b) any Loans are then outstanding, then the Borrower shall, within five (5) Business Days of becoming aware of any such excess repay any Loans outstanding in an aggregate principal amount, plus accrued interest, if any, equal to such excess.

• After giving effect to each Advance and the application of the proceeds thereof within three (3) Business Days from the date such Advance is made, the pro forma Consolidated Cash Balance Amount shall not exceed the Consolidated Cash Balance Threshold.

• In the exercise of its Non-Profit Sector rights hereunder, CAS may license, delegate or assign such rights as it deems fit in its sole and absolute discretion.

• The undersigned further certifies, represents and warrants on behalf of the Borrower that (a) the Borrower is entitled to receive the requested Borrowing under the terms and conditions of the Credit Agreement and (b) after giving effect to the requested Borrowing, the Consolidated Cash Balance does not exceed the Consolidated Cash Balance Threshold.

More Definitions of Consolidated Cash Balance Threshold

Consolidated Cash Balance Threshold means $10,000,000.

Consolidated Cash Balance Threshold means, at any time of determination, an amount equal to ten percent (10%) of the Borrowing Base then in effect.

Consolidated Cash Balance Threshold means, as of any time, the lesser of (a) $125,000,000 and (b) seven and a half percent (7.5%) of the Borrowing Base in effect as of such time.

Consolidated Cash Balance Threshold means $100,000,000.

Consolidated Cash Balance Threshold means, at any time when Facility Usage is below the Borrowing Base, $10,000,000; provided that, to the extent that the Borrowing Base exceeds $110,000,000 at any time, the Consolidated Cash Balance Threshold shall be deemed to equal the sum of (x) $10,000,000 plus (y) $0.10 for every $1.00 that the Borrowing Base exceeds $110,000,000; provided, further, that, under no circumstance shall the Consolidated Cash Balance Threshold be deemed to be greater than $25,000,000; provided, further, that if, other than due to the application of the immediately preceding proviso, the Consolidated Cash Balance Threshold would have been in excess of $25,000,000, the Administrative Agent shall, promptly upon the request of the Borrower, discuss in good faith an adjustment to the Consolidated Cash Balance Threshold.

Consolidated Cash Balance Threshold means, as of any date of determination, an amount equal to the greater of (a) $30,000,000 and (b) ten percent (10%) of the Borrowing Base then in effect (which amount under this clause (b) not to exceed at any time $50,000,000).

Consolidated Cash Balance Threshold means $10,000,000 million.