Maximum Cash Amount Sample Clauses

The Maximum Cash Amount clause sets a cap on the total amount of cash that can be paid or received under a contract or specific transaction. In practice, this means that regardless of the circumstances or calculations, the cash payments involved cannot exceed the predetermined maximum limit specified in the agreement. This clause is commonly used in financial contracts, settlement agreements, or purchase arrangements to provide certainty and manage financial exposure. Its core function is to limit risk by ensuring that parties are not obligated to pay or receive more than the agreed-upon maximum amount.
Maximum Cash Amount. After giving effect to the making of any such Loan, the Credit Parties’ book cash is not in excess of the Maximum Cash Amount.
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Maximum Cash Amount. In the case of any Revolving Loans, after giving effect to such Credit Extension, the aggregate Cash and Cash Equivalents of the Borrowers and their Restricted Subsidiaries (excluding amounts on deposit in any accounts maintained under the Disbursement Agreement) will not exceed $200,000,000.
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Maximum Cash Amount. 5 Merger . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
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Maximum Cash Amount. If at any point after the Amendment No. 2 Closing Date, the Credit Parties’ have book cash in excess of $10,000,000 in the aggregate (the “Maximum Cash Amount”), Borrower shall, within one (1) Business Day, apply such amounts in excess of the Maximum Cash Amount to repay the Obligations, to be applied in accordance with Section 5.02(c); provided, that, notwithstanding the foregoing, the determination of the Maximum Cash Amount shall not take into account (and the Borrower shall have no obligation to prepay the Obligations with) any proceeds of Third Lien Indebtedness.
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Maximum Cash Amount. In the case of any Revolving Loans requested after the Last Project Final Completion Date, after giving effect to such Credit Extension, the aggregate Cash and Cash Equivalents of the Loan Parties (excluding amounts on deposit in any accounts maintained under the Disbursement Agreement) will not exceed the greater of (x) $200,000,000, and (y) On-Site Cash; provided that this subsection 4.2C shall not apply at any time when the Consolidated Leverage Ratio of the Company is less than or equal to 3.0:1.0.
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Maximum Cash Amount. If at any point after the Amendment No. 2 Closing Date, the Credit Parties’ have book cash in excess of $10,000,000 in the aggregate (the “Maximum Cash Amount”), Borrower shall, within one (1) Business Day, apply such amounts in excess of the Maximum Cash Amount to repay the Obligations, to be applied in accordance with Section 5.02(i).”
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Maximum Cash Amount. The Seller shall use commercially reasonable efforts to cause the Seller Entities and the Target Group Entities to distribute any Cash in in excess of the Maximum Cash Amount to the Seller prior to the Closing; provided that (i) nothing in this Section 6.22 shall limit the Purchaser Entities obligation to pay for one hundred (100%) percent of Cash pursuant to Section 2.03 and (ii) the failure of Seller to distribute Cash in excess of the Maximum Cash Amount shall in no event result in or be deemed a failure of any of the conditions set forth in Section 9.01 or Section 9.02, as applicable, to be satisfied.
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Related to Maximum Cash Amount

  • Minimum Cash As determined on the first of every calendar month, the Company shall at all times keep on-hand unencumbered, unrestricted cash in an amount greater than or equal to $1,000,000.

  • Minimum Cash Balance Licensee shall fund the Facility Checking Account --------------------- with an initial amount equal to $25,000.00 and thereafter Licensee shall provide the working capital required by Section I(H) of this Agreement

  • Maximum Contribution The total amount you may contribute to an IRA for any taxable year cannot exceed the lesser of 100 percent of your compensation or $6,000 for 2019 and 2020, with possible cost- of-living adjustments each year thereafter. If you also maintain a ▇▇▇▇ ▇▇▇ (i.e., an IRA subject to the limits of Internal Revenue Code Section (IRC Sec.) 408A), the maximum contribution to your Traditional IRAs is reduced by any contributions you make to your ▇▇▇▇ IRAs. Your total annual contribution to all Traditional IRAs and ▇▇▇▇ IRAs cannot exceed the lesser of the dollar amounts described above or 100 percent of your compensation.

  • Maximum Total Payment Including the reimbursable expenses shown above (if any), the maximum total payment under this Contract is $ ; this is a not-to-exceed amount, and the District will not pay more than this amount unless specifically agreed to in an amendment executed by the parties.

  • Earn-Out Payment If, during the period beginning January 1, 2022 and ending on December 31, 2022 (the “Earn-Out Period”), the Group Companies achieve certain Adjusted EBITDA targets as set forth in this Section 2.6.1 (the “Earn-Out Milestone”), then Buyer shall pay, or cause to be paid, to Seller and to the individuals set forth on Schedule 1.2(a) and Schedule 1.2(b) an aggregate amount not to exceed $50,000,000 subject to the proviso in Section 2.6.1(c) (the “Earn-Out Payment”), which shall be payable in accordance with Section 2.6.2. The Earn-Out Payment shall be calculated as follows: (a) If the Adjusted EBITDA of the Group Companies during the Earn-Out Period is less than the Earn-Out Threshold, the Earn-Out Payment shall be zero dollars ($0); and (b) If during the Earn-Out Period, the Group Companies achieve an Adjusted EBITDA (i) equal to or greater than the Earn-Out Target, the Earn-Out Payment shall be $50,000,000 (subject to the proviso in Section 2.6.1(c)); or (ii) less than the Earn-Out Target, but greater than the Earn-Out Threshold, the Earn-Out Payment shall be an amount equal to the product of: (A) $50,000,000 (subject to the proviso in Section 2.6.1(c)) multiplied by (B) a fraction (1) the numerator of which shall be the amount by which the Adjusted EBITDA achieved exceeds the Earn-Out Threshold and (2) the denominator of which shall be an amount equal to the Earn-Out Target minus the Earn-Out Threshold. (c) Notwithstanding anything to the contrary, in no event shall the Earn-Out Payment exceed $50,000,000; provided, that the amount of the Earn-Out Payment will be increased by the lesser of (i) the amount of the final calculation of Accrued Income Taxes solely with respect to clause (g) of the definition of Accrued Income Taxes and (ii) the product of (y) the amount of the Earn-Out Compensatory Payment (if any) and (z) 26%. For the avoidance of doubt, an illustrative example of the calculation of Adjusted EBITDA is set forth on Exhibit B-1.