Minimum Cash definition

Minimum Cash means Cash and Cash Equivalents held by the Group.

Minimum Cash means $1,000,000.

Minimum Cash means at any date, an amount equal to the lesser of (a) the aggregate amount of unrestricted cash and Cash Equivalents held by Group Members at such date, and (b) $160,000,000.

Examples of Minimum Cash in a sentence

• In exchange for providing the Minimum Cash Commitment and the other agreements of the Commitment Parties in the Minimum Cash Commitment Agreement, the Commitment Parties will receive the Minimum Cash Commitment Premium.

• The approved budget, as amended, and the Minimum Cash Balance shall be invoiced by the Finance Agent as provided for in Section 6.

• For purposes of calculating the Minimum Cash Threshold, the projected Cash Balance shall be reasonably determined in good faith by the Debtors’ Chief Restructuring Officer in his sole discretion fifteen (15) calendar days prior to the scheduled Confirmation Hearing and such projected Cash Balance shall be provided to the Debtors and the Creditors’ Committee on such date.

• Subject to approval of the Minimum Cash Commitment Agreement and to the terms and conditions thereof, the Minimum Cash Commitment shall be funded in accordance therewith.

• As set forth in the Minimum Cash Commitment Agreement, the Minimum Cash Commitment Exchange is conditioned on, among other things, the Consummation of the Plan and the funding of the Minimum Cash Commitment in accordance with the Minimum Cash Commitment Agreement.

More Definitions of Minimum Cash

Minimum Cash means $500,000.

Minimum Cash means an amount equal to $38,000,000 less the amount of Designated LC Company Cash.

Minimum Cash means, with respect to the Company and its Subsidiaries on a consolidated basis, at any point in time, an amount of Cash equal to the product of (i) the Deferred Tour Revenue of the Company and its Subsidiaries on a consolidated basis multiplied by (ii) forty percent (40%).

Minimum Cash has the meaning ascribed to such term in Clause 20.18 (Minimum Cash Balances).

Minimum Cash. At-all-times, Borrower shall have a minimum total available cash balance, in Deposit Accounts (excluding any restricted accounts) for which ORIX maintains control agreements sufficient to perfect ORIX’s security interest in said Deposit Accounts, of at least $1,500,000.00, until such time as Borrower generates positive trailing three-month free cash flow from operations less capital expenditures for two consecutive quarters; provided, that this financial covenant would be reinstated should the trailing three-month free cash flow from operations less capital expenditures become negative in any fiscal quarter.

Minimum Cash means unrestricted cash and certificates of deposit, in each case, held at Agent of (a) from the Closing Date through December 31, 2024, at least 45% of the aggregate outstanding principal amount of the Term Loans, and (b) from January 1, 2025, through Payment In Full, at least 40% of the aggregate outstanding principal amount of the Term Loans.

Minimum Cash means an aggregate amount of cash equal to $200,000.