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 with respect to each financial year, means the greater of:
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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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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 Debtors shall contribute $44,525,000 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 the Minimum Cash Requirement remaining at OpCo can be used by New CEC in its sole discretion.

  • 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.


More Definitions of Minimum Cash Requirement

Minimum Cash Requirement is defined in Section 6(a)(xiii).
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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),
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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 in Section 6.16(i).
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Minimum Cash Requirement. Section 5.01(a)
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Minimum Cash Requirement as of any date, the sum as of such date of (a) $65,000,000 plus (b) on any date after the Sugarcane Bay Project opens, $10,000,000 plus (c) on any date after the Baton Rouge Project opens, $10,000,000 plus (d) on any date after the River City Property Project opens, $10,000,000 plus (e) $10,000,000 for each Material Operating Property which opened after the Effective Date and prior to such date plus (f) $10,000,000 for each Material Operating Property which was acquired after the Effective Date and prior to such date minus (g) $10,000,000 for each Material Operating Property which was Disposed of or otherwise ceased operations after the Effective Date and prior to such date. For purposes of this definition, “Material Operating Property” means (i) the Reno Property or (ii) any other Property which either was acquired for $100,000,000 or more or had a construction budget of $100,000,000 or more and at which gaming operations are conducted.
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