Examples of Unrestricted Cash Balances in a sentence
In the event the Borrower funds the Interest Reserve Escrow Agreement as provided above, the Borrower's obligation to maintain Unrestricted Cash Balances under Section 7.14(b) shall cease.
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 Borrower shall not permit Unrestricted Cash Balances to be less than $26,500,000 at any time.
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.
Unrestricted Cash Balances measured on a fiscal quarter-end basis, of at least $500,000.