Common use of Maximum Cash Amount Clause in Contracts

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.

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.