Minimum Cash Balance definition

Minimum Cash Balance means a cash balance to be held by the Debtors on the Effective Date in an amount equal to $75 million plus any amounts received on account of GCI (as defined in the Uniti Term Sheet) reimbursements and Cash Payments (as defined in the Uniti Term Sheet) received by the Debtors on or before the Effective Date.

Minimum Cash Balance means in respect of the Group a cash amount of not less than twenty five million Dollars ($25,000,000).

Minimum Cash Balance means at least $600,000,000 in Unrestricted Cash on hand of the Borrower and its Restricted Subsidiaries on the effective date of the Plan of Reorganization after giving effect to any distributions paid to certain holders of claims in accordance with the Plan of Reorganization on the Closing Date.

Examples of Minimum Cash Balance in a sentence

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

• The amount of the new Party’s initial cash call equals: (A) the Minimum Cash Balance (i.e., $150,000) allocated according to Exhibit B, plus (B) $110,000 allocated according to Exhibit B divided by 90 (the number of days within the cash call period) with the product multiplied by 44 (the remainder of the cash call period - 13 days in February (no leap year) and 31 days in March).

• On a quarterly or more frequent basis to (i) maintain the Minimum Cash Balance, and (ii) collect funds necessary to pay budgeted expenses as they become due (“Cash Call Amount”).

• In addition, each Party agrees to fund and maintain its allocated share of the Minimum Cash Balance as established by Section 6.1.

• If, on the date immediately preceding an Equity Issuance, the cash and Cash Equivalents of the Company and its Restricted Subsidiaries on such date is less than the Minimum Cash Balance, the Net Cash Proceeds of such Equity Issuance shall be deemed to be reduced by the difference between the Minimum Cash Balance and the cash and Cash Equivalents of the Company and its Restricted Subsidiaries on such date.

More Definitions of Minimum Cash Balance

Minimum Cash Balance means, for any date of determination and as calculated on a consolidated basis, the Credit Parties’ Cash-on-hand.

Minimum Cash Balance means $100,000 or such larger number as the General Partner determines is reasonable and necessary to carry out the business of the Partnership.

Minimum Cash Balance means R$120,000,000 increased as of January 1 of each year by the IGP-M Adjustment as of such date and adjusted for any committed expenses as of the end of the prior fiscal year that remain unpaid.

Minimum Cash Balance means, at any time, the USD Equivalent Amount of the greater of (a) Total Financial Debt Service of the Borrower for the period commencing at such time and ending 183 days thereafter; and (b) $10,000,000.

Minimum Cash Balance means $10,000,000 minus (i) $500,000,(ii) any amounts to be paid to holders of Allowed Ongoing Trade Claims of New Permian Corp., and (iii) any amounts to be paid to holders of Allowed Cure Amounts pursuant to Section 8.4(ii).

Minimum Cash Balance means an amount equal to $80,000,000.

Minimum Cash Balance means the Base Cash Balance plus the CAPEX Cash Balance plus the Tax Cash Balance.