Examples of Qualified Cash in a sentence
After giving effect to all Loans to be made on the Effective Date and the other Transactions, (i) the Borrower shall have Availability (calculated after giving effect to the Transactions) plus Qualified Cash of at least $25,000,000 and (ii) the accounts payable of the Loan Parties shall not be more than 60 days past due and all other liabilities of the Loan Parties shall be current.
Permit, at any time, Qualified Cash to be less than Ten Million Dollars ($10,000,000.00) plus the Qualified Cash A/P Amount.
The Grantors are entering into this Agreement in order to induce the Lenders to enter into and extend credit and issue letters of credit to the Borrowers under the Credit Agreement and to induce the Qualified Counterparties and Qualified Cash Management Banks to enter into Financial Hedging Agreements, Commodity OTC Agreements and Cash Management Agreements.
The Grantors are entering into this Agreement in order to induce the Lenders to enter into and extend credit and issue letters of credit to the Borrower under the Credit Agreement and to induce the Qualified Counterparties and Qualified Cash Management Banks to enter into Financial Hedging Agreements, Commodity OTC Agreements and Cash Management Bank Agreements.