Unrestricted Cash Balances definition
Examples of Unrestricted Cash Balances in a sentence
Unrestricted Cash Balances measured on a fiscal quarter-end basis, of at least $500,000.
Mr. Dommer continued with “Cash Reserves and Cash Balances” regarding Emergency Reserve Fund, Operating Reserve Fund, Debt Service Reserve Fund, Bond Proceeds and Use of Unrestricted Cash Balances.
Make a Restricted Payment, other than a Permitted Investment, and other than (a) to pay dividends or make distributions of cash from Parent or any Subsidiary to any Credit Party, and (b) to repurchase shares or warrants issued by the Credit Parties, so long as immediately after such repurchase the sum of Excess Borrowing Base Availability plus Unrestricted Cash Balances shall not be less than $20,000,000.
The sum of the Excess Borrowing Availability and Unrestricted Cash Balances shall not be any time be less than (i) $94,000,000 from June 1, 2004 until payment of the Senior Notes that are due on September 1, 2004; and (ii) $45,000,000 from June 1, 2005 until the $15,000,000 payment required on the Senior Notes on August 1, 2005).
The Borrower shall not permit Unrestricted Cash Balances to be less than $26,500,000 at any time.