Qualified Cash Amount means, as of any date of determination, an amount equal to the lesser of (a) Unrestricted Cash in excess of $25,000,000 and (b) $275,000,000.
Qualified Cash Amount means, as of any date of determination, the amount of cash and Cash Equivalents of Parent and its Subsidiaries that is on deposit with banks, or in Securities Accounts with securities intermediaries, or any combination thereof and which such deposit account or Securities Account, in the case of any deposit account or Securities Account maintained by a branch office located within the United States of any bank or securities intermediary, is subject to a Control Agreement.
Qualified Cash Amount means an amount equal to the excess of (a) the sum of (i) 100% of the aggregate amount of unrestricted cash or Cash Equivalents of the Company and its Domestic Subsidiaries free and clear of all Liens other than Liens in favor of the Agent for the benefit of the Holders of Secured Obligations and nonconsensual Liens permitted by Section 6.15 and (ii) 75% of the aggregate amount of unrestricted cash or Cash Equivalents of the Company’s Foreign Subsidiaries free and clear of all Liens other than Liens in favor of the Agent for the benefit of the Holders of Secured Obligations and nonconsensual Liens permitted by Section 6.15 over (b) $5,000,000.
Examples of Qualified Cash Amount in a sentence
Maintain at all times PNC Qualified Cash in an amount of not less than the Minimum PNC Qualified Cash Amount.
If Borrowers deem it advisable, Borrowers may execute and deliver to Agent Borrowing Base Certificates more frequently than as required pursuant to this subsection 8.1.4 (including, without limitation, for purposes of evidencing compliance with Section 8.2.18 at any time when Borrowers are delivering monthly Borrowing Base Certificates, an updated Borrowing Base Certificate reflecting the Qualified Cash Amount, the amount of outstanding Revolving Credit Loans and the LC Exposure as of such date).
Qualified Cash Amount [Effective from and after June 1, 2022, or the date that Borrower first enters into a transaction described in clause (ii)(d)(z)] of the definition of Permitted Licenses.
Cash Equivalents of Parent (c) a detailed report calculating the Qualified Cash Amount and and its Subsidiaries is the amount of unrestricted cash and Cash Equivalents of Parent less than or equal to and its Subsidiaries for the immediately preceding day, together $10,000,000, with such supporting documentation as Lender may require.
More Definitions of Qualified Cash Amount
Qualified Cash Amount means, as of any date of determination, an amount equal to the lesser of (a) Unrestricted Cash in excess of $10,000,000 and (b) $75,000,000.
Qualified Cash Amount means Twelve Million Five Hundred Thousand Dollars ($12,500,000).
Qualified Cash Amount means, at any date of determination:
Qualified Cash Amount means, as of any date of determination, the lesser of (a) the amount of Qualified Cash, if any, in excess of $20,000,000, and (b) $15,000,000; provided, that if, as of any date of determination, the amount of Qualified Cash does not exceed $20,000,000, then the Qualified Cash Amount as of such date determination shall be $0. “Qualified Equity Interests” means and refers to any Equity Interests issued by Administrative Borrower (and not by one or more of its Subsidiaries) that is not a Disqualified Equity Interest. “Real Property” means any estates or interests in real property now owned or hereafter acquired by any Loan Party or one of its Subsidiaries and the improvements thereto. “Real Property Collateral” means any Real Property hereafter acquired by any Loan Party or one of its Subsidiaries with a fair market value in excess of $5,000,000. “Receivable Reserves” means, as of any date of determination, those reserves that Agent deems necessary or appropriate, in its Permitted Discretion and subject to Section 2.1(c), to establish and maintain with respect to the Eligible Accounts, the Eligible Credit Card Receivables, or the Maximum Revolver Amount. “Record” means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form. “Reference Period” has the meaning set forth in the definition of EBITDA. “Refinancing Indebtedness” means refinancings, renewals, or extensions of Indebtedness so long as: (a) such refinancings, renewals, or extensions do not result in an increase in the principal amount of the Indebtedness so refinanced, renewed, or extended, other than by the amount of premiums paid thereon and the fees and expenses incurred in connection therewith and by the amount of unfunded commitments with respect thereto, (b) such refinancings, renewals, or extensions do not result in a shortening of the final stated maturity or the average weighted maturity (measured as of the refinancing, renewal, or extension) of the Indebtedness so refinanced, renewed, or extended, nor are they on terms or conditions that, taken as a whole, are or could reasonably be expected to be materially adverse to the interests of the Lenders, (c) if the Indebtedness that is refinanced, renewed, or extended was subordinated in right of payment to the Obligations, then the terms and conditions of the refinancing, renewal, or extension must include subordination terms and conditions that are at least as f...
Qualified Cash Amount means, as of any date of determination, the lesser of (a) the amount of Qualified Cash, if any, in excess of $20,000,000, and (b) $15,000,000; provided, that if, as of any date of determination, the amount of Qualified Cash does not exceed $20,000,000, then the Qualified Cash Amount as of such date determination shall be $0. “Qualified Equity Interests” means and refers to any Equity Interests issued by Administrative Borrower (and not by one or more of its Subsidiaries) that is not a Disqualified Equity Interest. “Real Property” means any estates or interests in real property now owned or hereafter acquired by any Loan Party or one of its Subsidiaries and the improvements thereto. “Real Property Collateral” means any Real Property hereafter acquired by any Loan Party or one of its Subsidiaries with a fair market value in excess of $500,000.00.
Qualified Cash Amount means Twelve Million Five Hundred Thousand Dollars ($12,500,000); provided that if Borrower (i) maintains compliance with Section 7.13(b) hereof for each of the trailing six month periods ending October 31, 2019, November 30, 2019 and December 31, 2019 and (ii) receives, after the First Amendment Effective Date, unrestricted (including, not subject to any redemption, clawback, escrow or similar encumbrance or restriction) net cash proceeds of not less than Thirteen Million Five Hundred Thousand Dollars ($13,500,000) from one or more bona fide equity financings or Subordinated Debt, in each case subject to verification by Collateral Agent (including supporting documentation requested by Collateral Agent), the Qualified Cash Amount shall be Ten Million Dollars ($10,000,000). US-DOCS\108919170.7
Qualified Cash Amount in their entirety as follows: