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.

Minimum Cash Requirement with respect to each financial year, means the greater of:

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.

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 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 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.

• 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.

• The Debtors shall contribute $50,000,000 of the Minimum Cash Requirement to the REIT to fund the REIT’s initial balance sheet.

More Definitions of Minimum Cash Requirement

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;

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),

Minimum Cash Requirement is defined in Section 6(a)(xiii).

Minimum Cash Requirement means Borrower has cash on deposit in a Cash Management Account which is subject to a Cash Management Agreement, in an amount not less than $40,000,000, after deduction of an amount equal to 105% of all letters of credit issued under the Xxxxx Fargo Bank Amended Credit Agreement.

Minimum Cash Requirement. Section 5.01(a)

Minimum Cash Requirement means (as it relates solely to the application and applicability of a Non-Formula Period, and in no way shall be interpreted to mean a financial covenant of the Borrowers under this Agreement) as of the end of each fiscal quarter during the following periods, Borrowers maintaining a minimum balance of unrestricted Cash and Cash Equivalents with Bank and Bank’s Affiliates of at least the following: Period Minimum Cash and Cash Equivalents Beginning on the Effective Date and ending on June 30, 2009 $30,000,000 Beginning on July 1, 2009 and ending on September 30, 2009 $29,250,000 Beginning on October 1, 2009 and ending on December 31, 2009 $28,500,000 Beginning on January 1, 2010 and ending on March 30, 2010 $27,750,000 Beginning on April 1, 2010 and ending on June 30, 2010 $26,000,000 Beginning on July 1, 2010 and ending on September 30, 2010 $25,250,000 Beginning on October 1, 2010 and ending on December 31, 2010 $24,500,000 Beginning on January 1, 2011 and ending on March 31, 2011 $23,750,000 Beginning on April 1, 2011 and ending on June 30, 2011 $23,000,000 Beginning on July 1, 2011 and ending on September 30, 2011 $22,250,000 Beginning on October 1, 2011 and ending on December 31, 2011 $21,500,000 “Net Worth” shall be construed in accordance with GAAP.

Minimum Cash Requirement means Borrower has a minimum of (a) $7,000,000 in cash and cash equivalents (net of Credit Extensions) on deposit at Bank and/or Bank’s affiliates at all times, and (b) $9,000,000 in cash and cash equivalents (net of Credit Extensions) on its balance sheet at each fiscal quarter end.