Cash Position. Borrower will maintain average outstanding collected deposit balances of not less than $4,000,000, to be tested quarterly.
Cash Position. As at October 15, 2018. Novicius’ cash position, excluding its Subsidiaries on Closing Date shall be as set out in Exhibit C, less the Novicius Transaction Costs and costs and expenses incurred in the ordinary course of business of Novicius.
Cash Position. On or prior to the tenth Business Day of each fiscal month of Holdings, Holdings shall provide a statement of the cash position of Holdings and its Subsidiaries as of the last day of the immediately preceding fiscal month of Holdings, which cash position statement shall include (x) a description of the aggregate amount of cash and Cash Equivalents on hand at each of Holdings and its Subsidiaries (on an individual basis) and (y) a description (including name of financial institution and account number) of the bank accounts where such cash and Cash Equivalents are held, together with, in each case, the amount of cash and Cash Equivalents held therein."
Cash Position. The summary of the cash position of the Corporation and its subsidiaries included in the Disclosure Letter is true and correct, subject to a variance of up to 10%. SCHEDULE E VALUATION Optimal Group Inc. Formal Valuation as at December 31, 2009 Report Date: March 12, 2010 March 12, 2010 PricewaterhouseCoopers LLP/s.r.l./s.e.n.c.r.l. 0000 Xxxx-Xxxxxxxx Xxxx. West Suite 2800 Montréal, Quebec Canada H3B 2G4 Telephone +0 000 000 0000 Fax +0 000 000 0000 CONFIDENTIAL Xx. Xxxxx Xxxxx Chairman Special Committee of the Board of Directors Optimal Group Inc. 0 Xxxxx Xxxxxx Xxxxx Xxxxxxxx, Xxxxxx X0X 0X0 Subject: Optimal Group Inc. — Formal Valuation as at December 31, 2009 Dear Xx. Xxxxx: As agreed, we have determined the fair market value of the 5,148,735 issued and outstanding Class “A” shares of Optimal Group Inc. as at December 31, 2009. Enclosed herein is our Opinion stating that the fair market value of all of the Class “A” shares ranges between $2.01 and $2.55 per share. These values are based on information available at the date of this report and are subject to the restrictions, limitations and assumptions described in our report. We trust that you will find this information satisfactory and we remain at your disposal to discuss any matter that you deem appropriate. Yours very truly, Transaction Advisory Services “PricewaterhouseCoopers” refers to PricewaterhouseCoopers LLP/s.r.l./s.e.n.c.r.l., an Ontario limited liability partnership, or, as the context requires, the PricewaterhouseCoopers global network or other member firms of the network, each of which is a separate legal entity.
Cash Position. The Borrower agrees from time to time, on or before the earlier of the consummation of the merger pursuant to the Merger Agreement or the date of termination of the Merger Agreement, to provide to the Administrative Agent upon its request (and the Administrative Agent shall make a copy available to the Lenders) a report in reasonable detail of the cash position of the Borrower and its Subsidiaries.
Cash Position. RAZOR RESOURCES INC. shall have at a cash balance of a minimum of $500,000 at the Effective Date and shall after Closing enter into written subscription commitments totaling $ $1,500,000 due and payable over the next succeeding six months.
Cash Position. The Borrower shall at all times maintain a balance of cash and cash equivalents (the latter to be reasonably satisfactory in nature to the Lender, and to include (i) any available and undrawn Commitment hereunder, and (ii) until January 31, 2005, any monies held back by the Lender pursuant to paragraph (e) of the proviso to section 3.1), free of all Liens, in an amount equal to at least the sum of :
Cash Position. The cash balances shown on the Corporate Cash Report dated as of July 26, 2001 certified by James Gilley and Gene Bertcher represents the approximate xxtal cxxx xxx xxxx equivalents for the Company and its Subsidiaries. The uses of cash shown on the Corporate Cash Requirements Report dated as of July 26, 2001 certified by James Gilley and Gene Bertcher represents the approximate cash usxx xxx xxx Xxmpany and its Subsidiaries.
Cash Position. The Cortech Disclosure Schedule sets forth the projected cash position of Cortech as of December 31, 1997 and March 31, 1998 and, if the Closing shall not have theretofore occurred, projected expenses for the months of April and May 1998 (the "CORTECH CASH PROJECTION").
Cash Position. As of December 31, 2015, Novomic shall have a zero (0) net balance between its cash position and its aggregate debt balance, as detailed in the List of creditors attached as Schedule 7.12 hereto ("Novomic's Operation Debt"). 7.13.
