Excess Cash Threshold definition

Excess Cash Threshold means $100,000,000.

Excess Cash Threshold means, as of the date of any determination, the amount that is equal to the greater of (a) 10% of the then-effective Borrowing Base and (b) $50,000,000.

Excess Cash Threshold means, at any time, an amount equal to ten percent (10%) of the Aggregate Elected Revolving Commitment Amount at such time.

Examples of Excess Cash Threshold in a sentence

• At the time of and immediately after effectiveness of this Amendment, the Borrower and its Restricted Subsidiaries shall not have Excess Cash in an amount greater than the Excess Cash Threshold.

• Such cash in excess of the Excess Cash Threshold used to prepay outstanding Term Loans shall be applied in accordance with Section 2.13(e).

• If on the last day of any fiscal quarter, the Consolidated Cash Balance of the Borrower and its Subsidiaries exceeds the Excess Cash Threshold, then no later than the third Business Day following such last day of such fiscal quarter, the Borrower shall (i) prepay the Loans in an aggregate principal amount equal to such excess and (ii) if any excess remains after prepaying all of the Loans as a result of any Letter of Credit Exposure, Cash Collateralize such excess as provided in Section 3.8.

• During the Forbearance Period, the Borrower shall apply all cash held by any Loan Party in excess of the Excess Cash Threshold to prepay the outstanding Term Loans and the outstanding Revolving Loans and Letters of Credit on a pro-rata basis.

• If, at any time while Loans are outstanding under this Agreement, the aggregate amount of cash and Cash Equivalents (excluding Excluded Cash), of the Credit Parties exceeds the Excess Cash Threshold for a period of three (3) Business Days or longer (an “Excess Cash Event”), then the Borrower shall prepay the Loans in an amount equal to or greater than such excess within one (1) Business Day of the occurrence of such Excess Cash Event.

More Definitions of Excess Cash Threshold

Excess Cash Threshold means, as of the date of any determination, the amount that is equal to $75,000,000.

Excess Cash Threshold means, in respect of any calendar year, an amount of SEK 25,000,000.

Excess Cash Threshold means $15,000,000.

Excess Cash Threshold means the lesser of (a) $25,000,000 and (b) an amount equal to (i) $15,000,000 plus (ii) an amount equal to (x) .10 times (y) the amount by which the Borrowing Base then in effect exceeds $65,000,000; provided that, in the event that the Utilization is equal to or exceeds 90%, the Excess Cash Threshold shall be $25,000,000; provided, further, that if, other than due to the application of clause (a) above, the Excess Cash Threshold would have been in excess of $25,000,000, the Administrative Agent and the Lenders shall, promptly upon the request of Borrower, consider in good faith an adjustment to the Excess Cash Threshold but shall not be required to make any such adjustments or amendments hereto without the consent of the Required Lenders.

Excess Cash Threshold means $10,000,000.

Excess Cash Threshold means $10,000,0007,500,000.

Excess Cash Threshold means, on any date of determination, $35,000,000; provided, that, at the request of the Borrower, the Administrative Agent may, on any such date of determination, increase such amount in its sole discretion to an amount no greater than $50,000,000, provided, further, that such increase shall apply only on such date of determination and not any future date of determination. The Administrative Agent agrees to promptly notify the Lenders of any increase of the Excess Cash Threshold.