Minimum Liquidity Requirement. Permit, at any time during the periods set forth below, the sum of (x) the unused amount of the Revolving Commitments plus (y) the lesser of (1) $5,000,000 and (2) the amount of Cash and Cash Equivalents of the Borrower (excluding Cage Cash and amounts held in accounts subject to the Disbursement Agreement or the Escrow Agreement or in a blocked account at the Administrative Agent pending transfer to the Escrow Agreement), (the sum of (x) and (y), together, the “Minimum Liquidity Requirement”) to be less than the sum of (a) the Second Amendment Amenities CapEx Budget Reserve as of the date of determination and (b) the amounts set below for such periods: TIME PERIOD MINIMUM LIQUIDITY REQUIREMENT Second Amendment Effective Date through 1/29/13 $ 75,000,000 Third Amendment Effective Date through 2/8/13 $ 66,000,000 2/9/13 through 2/12/13 $ 59,000,000 2/13/13 through 2/18/13 $ 75,000,000 2/19/13 through 4/15/13 $ 50,000,000 4/16/13 through 5/15/13 $ 45,000,000 5/16/13 through 7/1/13 $ 20,000,000 ; provided that the Minimum Liquidity Requirement shall be decreased for the period from, and including, the Business Day immediately preceding a holiday or a weekend to, and including, the Business Day immediately succeeding such holiday or weekend, by the amount, not to exceed $3,000,000 in the aggregate, of any Borrowing of Revolving Loans the proceeds of which are used by the Borrower to fund Cage Cash during such period, solely to the extent that each such Borrowing is repaid on the last day of such period. The amount of the Minimum Liquidity Requirement is subject to adjustment upwards from time to time in respect of certain amounts received by the Borrower relating to cost efficiencies or other savings in accordance with the provisions of Schedule 3.12 to the Second Amendment.”
Minimum Liquidity Requirement. Permit the Borrower to maintain Unencumbered Liquidity in an amount less than the Total Outstandings at any time.
Minimum Liquidity Requirement. Permit, at any time, Qualified Cash to be less than Ten Million Dollars ($10,000,000.00) plus the Qualified Cash A/P Amount.
Minimum Liquidity Requirement. The Liquidity of the Guarantors (calculated on an aggregate basis) shall at no time be less than $15,000,000.
Minimum Liquidity Requirement. 1. Unrestricted Cash and Cash Equivalents: _________________]1
Minimum Liquidity Requirement. Permit, at any time, the Loan Parties and their Subsidiaries to have, on a consolidated basis, Liquidity of less than TwentyFive Million Dollars ($20,000,000.005,000,000.00 ) (the “Minimum Liquidity Requirement”).
Minimum Liquidity Requirement. Permit, at any time during the periods set forth below, the sum of (x) the unused amount of the Revolving Commitments plus (y) the lesser of (1) $5,000,000 and (2) the amount of Cash and Cash Equivalents of the Borrower (excluding Cage Cash and amounts held in accounts subject to the Disbursement Agreement or the Escrow Agreement or in a blocked account at the Administrative Agent pending transfer to the Escrow Agreement) (the sum of (x) and (y), together, the “Minimum Liquidity Requirement”), to be less than the sum of (a) the Second Amendment Amenities CapEx Budget Reserve as of the date of determination and (b) the amounts set below for such periods: TIME PERIOD MINIMUM LIQUIDITY REQUIREMENT Third Amendment Effective Date through 1/29/13 $ 75,000,000 1/30/13 through 2/5/13 $ 71,000,000 2/6/13 through 2/15/13 $ 75,000,000 2/16/13 through 4/15/13 $ 50,000,000 4/16/13 through 5/15/13 $ 45,000,000 5/16/13 through 7/1/13 $ 20,000,000 ; provided that the Minimum Liquidity Requirement shall be decreased for the period from, and including, the Business Day immediately preceding a holiday or a weekend to, and including, the Business Day immediately succeeding such holiday or weekend, by the amount, not to exceed $3,000,000 in the aggregate, of any Borrowing of Revolving Loans the proceeds of which are used by the Borrower to fund Cage Cash during such period, solely to the extent that each such Borrowing is repaid on the last day of such period. The amount of the Minimum Liquidity Requirement is subject to adjustment upwards from time to time in respect of certain amounts received by the Borrower relating to cost efficiencies or other savings in accordance with the provisions of Schedule 3.12 to the Second Amendment.”
Minimum Liquidity Requirement. The Borrower will not permit Minimum Liquidity as of any date during the Liquidity Period to be less than $100,000,000.
Minimum Liquidity Requirement. Borrower shall maintain at all times unencumbered liquidity (cash and marketable securities acceptable to Lender, excluding any assets that may not legally be encumbered, pledged or hypothecated) in an amount not less than $1,500,000.00, to be tested on an ongoing basis.
