Maximum Cash Balance. As of the end of the Business Day immediately preceding the date of any such borrowing, conversion, continuation issuance or extension and after giving effect to the Borrower's receipt of the proceeds from any such Loan, as the case may be, and the application of such proceeds, the aggregate amount of cash and Cash Equivalents of the Borrower and its Subsidiaries shall not exceed $70,000,000.
Appears in 2 contracts
Samples: Credit Agreement (AbitibiBowater Inc.), Credit Agreement (Bowater Inc)
Maximum Cash Balance. As of the end of the Business Day immediately preceding the date of any such borrowing, conversion, continuation continuation, issuance or extension and after giving effect to the Borrower's ’s receipt of the proceeds from any such Loan, as the case may be, and the application of such proceeds, the aggregate amount of cash and Cash Equivalents of the U.S. Borrower and its Subsidiaries shall not exceed $70,000,000.
Appears in 1 contract
Samples: Credit Agreement (Bowater Inc)
Maximum Cash Balance. As of the end of the Business Day immediately preceding the date of any such borrowing, conversion, continuation continuation, issuance or extension and after giving effect to the Borrower's receipt of the proceeds from any such Loan, as the case may be, and the application of such proceeds, the aggregate amount of cash and Cash Equivalents of the U.S. Borrower and its Subsidiaries shall not exceed $70,000,000.
Appears in 1 contract
