Minimum Cash Requirement definition

Minimum Cash Requirement means $450,000,000 of Cash reduced by $0.50 for every dollar raised in revolving credit (provided that such reduction shall in no instance be greater than $100,000,000), $50,000,000 of which Cash shall be contributed to the REIT on the Effective Date to fund the REIT’s initial balance sheet.
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Minimum Cash Requirement means that, as of immediately prior to the Closing and prior to the Company Pre-Closing Payments, Parent shall have an amount of freely usable cash, including the proceeds from any Debt Financing, of greater than or equal to one hundred sixty million U.S. dollars ($160,000,000); provided, however, that for purposes of determining whether the Minimum Cash Requirement has been satisfied, the Seller Note Amount shall be considered freely usable cash.
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Minimum Cash Requirement with respect to each financial year, means the greater of:
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Examples of Minimum Cash Requirement in a sentence

  • The Debtors shall contribute $50,000,000 of the Minimum Cash Requirement to the REIT to fund the REIT’s initial balance sheet, with the remaining Minimum Cash Requirement remaining at OpCo for Cash on hand; provided that any amounts of Cash above $400,000,000 at OpCo can be used by New CEC in its sole discretion.

  • The Obligors shall, within 45 days after the last day of each fiscal quarter and together with the Quarterly Financial Statements, provide Agent and each Holder with such information as Agent shall reasonably request in order to confirm the Obligors’ compliance with the Minimum Cash Requirement.

  • The Company shall maintain a minimum of twenty thousand dollars ($20,000.00) of cash on hand at the Closing Date in excess of the Company's outstanding payables and liabilities (the "Minimum Cash Requirement") at the Closing.

  • Within thirty (30) days of the Closing Date, or as soon as practicable thereafter, BOL and/or its accountants shall review the records and accounts of the Company and to the extent that there was a deficiency in the Minimum Cash Requirement as of the Closing Date, the Stockholders shall pay the amount of such shortfall, in cash or other readily available funds to the Surviving Corporation within three (3) business days of the date of determination of the Minimum Cash Requirements.

  • If the Company’s cash balance is below the Minimum Cash Requirement, then Executive can elect to defer this payment until such time the Company meets the Minimum Cash Requirement or elect to receive this bonus in equity.


More Definitions of Minimum Cash Requirement

Minimum Cash Requirement means $447,000,000 of Cash reduced by $0.50 for every dollar raised in revolving credit (provided that such reduction shall in no instance be greater than $100,000,000),
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Minimum Cash Requirement means $447,000,000 of Cash reduced by $0.50 for every dollar raised in revolving credit (provided that such reduction shall in no instance be greater than $100,000,000), $44,525,000 of which Cash shall be contributed to the REIT on the Effective Date to fund the REIT’s initial balance sheet.
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Minimum Cash Requirement is defined in Section 6(a)(xiii).
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Minimum Cash Requirement means a five hundred thousand Dollars ($500,000) credit balance on each of the Operating Accounts;
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Minimum Cash Requirement means the sum of one hundred thousand Dollars ($100,000) required to be standing to the credit of each of the Operating Accounts;
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Minimum Cash Requirement has the meaning set forth Section VIII.3(f).
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Minimum Cash Requirement means the amount equal to (u) $20.0 million, plus (v) any of Telemate's unpaid restructuring or transaction costs in any way related to the Transactions (including (i) any unpaid severance amounts, (ii) the first $500,000 of fees and expenses of Robi▇▇▇▇-▇▇▇▇▇▇▇▇ (▇▇ hereinafter defined), and (iii) 50% of the fees and expenses of Robi▇▇▇▇-▇▇▇▇▇▇▇▇ ▇▇ excess of $500,000), less (w) the Cash Adjustment Amount, less (x) the amount (the "PURCHASE AMOUNT"), if any, used by Telemate to purchase certain convertible preferred shares to be issued by Parent pursuant to that certain Series B Preferred Stock Purchase Agreement by and between Telemate and Parent dated the date hereof, as amended from time to time (as so amended, the "PREFERRED STOCK PURCHASE AGREEMENT"), less (y) if the Effective Time occurs after August 1, 2001, one-half of the amount of Telemate's weekly costs (to the extent that such aggregate costs do not exceed $60,000.00 per week) attributable to personnel or activities required by Telemate to operate its business prior to the Effective Time and not intended to be retained or continued by Parent after the Effective Time for each week (or portion thereof) following August 1, 2001 in which the Effective Time does not occur, less (z) all accrued interest on the Purchase Amount at the rate of 7.5% per annum, compounded annually;"
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