Prepayments from Cash Balances Sample Clauses

Prepayments from Cash Balances. On the second Business Day of each week, the Borrowers shall prepay outstanding Revolving Loans in an amount equal to the excess of (x) the amount of the Cash Balances of the Borrowers in the Borrower Concentration Account as of the immediately preceding Friday (or, if such day is not a Business Day, the immediately preceding Thursday) over (y) $15,000,000."
Sample 1
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Prepayments from Cash Balances. The Borrowers shall from time to time prepay (subject to subsection (g) below) an aggregate principal amount of Loans in an amount equal to the excess (such excess, as of any date of determination, being the "Excess Cash Amount"), if any, of (x) the amount of the Cash Balances of the Borrowers outstanding over (y) the sum of (a) the aggregate anticipated cash funding needs of the Borrowers on such date of determination and the succeeding Business Day and (b) the aggregate amount of cash required to be maintained on deposit as a minimum balance by the applicable financial institutions for the disbursement accounts, payroll accounts, depository accounts, concentration accounts and sub-concentration accounts described in Exhibit A to the Verified Motion for an Order Authorizing Debtors to Maintain --------- Current Bank Accounts and Use Existing Business Forms and set forth in the reports delivered pursuant to Section 5.01(a)(iii).
Sample 1
Prepayments from Cash Balances. The Borrowers shall on each Business Day prepay (subject to subsection (g) below) an aggregate principal amount of Loans in an amount equal to the excess (such excess, as of any date of determination, being the "Excess Cash Amount"), if any, of (x) the amount of the Cash Balances of the Borrowers outstanding on such date over (y) the sum of (a) $5,000,000 and (b) the aggregate amount of cash required to be maintained on deposit as a minimum balance by the applicable financial institutions for the disbursement accounts, payroll accounts, depository accounts, concentration accounts and sub-concentration accounts as described in Schedule 10 hereto. -----------
Sample 1
Prepayments from Cash Balances. The Borrowers shall from time to time, and in any event not later than the second Business Day of each week, prepay outstanding Revolving Loans in an amount equal to the excess of (x) the amount of the Cash Balances of the Borrowers outstanding in the Borrower Concentration Account over (y) $15,000,000.
Sample 1
Prepayments from Cash Balances. The Borrower shall from time to time prepay (subject to subsection (g) below) an aggregate principal amount of Loans in an amount equal to the excess (such excess, as of any date of determination, being the "Excess Cash Amount"), if any, of (x) the amount of the Cash Balances of the Borrower and all other Crown Companies incorporated in the United States outstanding over (y) the sum of (a) the aggregate anticipated cash funding needs of the Borrower on such date of determination and the succeeding Domestic Business Day, (b) the aggregate amount of cash required to be maintained on deposit as a minimum balance by the applicable financial institutions for the disbursement accounts, payroll accounts, depository accounts, concentration accounts and sub-concentration accounts contemplated by the Security Agreement and the Motion of Debtors and Debtors in Possession Authorizing Maintenance of Pre-Petition Business Forms and Bank Accounts and (c) $2,500,000.
Sample 1

Related to Prepayments from Cash Balances

  • Cash Balances The Equipment Growth Funds of which FSI is the sole general partner shall maintain aggregate unrestricted cash balances of $8,500,000.

  • Cash Balance At Closing, Purchaser shall pay to Seller the Purchase Price, less the Xxxxxxx Money, plus or minus the prorations described in this Agreement (such amount, as adjusted, being referred to as the “Cash Balance”). Purchaser shall pay the Cash Balance by federal funds wire transferred to an account designated by Seller in writing.

  • 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

  • Payments from Available Funds Only All payments to be made by the Borrower under this Agreement shall be made only from the amounts that constitute Scheduled Payments, Special Payments and other payments under the Operative Agreements, including payment under Section 4.02 of the Participation Agreements and payments under Section 2.14 of the Indentures, and only to the extent that the Borrower shall have sufficient income or proceeds therefrom to enable the Borrower to make payments in accordance with the terms hereof after giving effect to the priority of payments provisions set forth in the Intercreditor Agreement. The Liquidity Provider agrees that it will look solely to such amounts to the extent available for distribution to it as provided in the Intercreditor Agreement and this Agreement and that the Borrower, in its individual capacity, is not personally liable to it for any amounts payable or liability under this Agreement except as expressly provided in this Agreement, the Intercreditor Agreement or any Participation Agreement. Amounts on deposit in the Class A Cash Collateral Account shall be available to the Borrower to make payments under this Agreement only to the extent and for the purposes expressly contemplated in Section 3.05(f) of the Intercreditor Agreement.

  • Investment of Amounts in Special Payments Account Any amounts on deposit in the Special Payments Account prior to the distribution thereof pursuant to Section 2.4(b) or (c) shall be invested in accordance with Section 2.2(b). Investment Earnings on such investments shall be distributed in accordance with Section 2.4(b) or (c), as the case may be.

  • Distributions Payable in Cash; Redemption Payments In the event that the Board of the Investment Company shall declare a distribution payable in cash, the Investment Company shall deliver to FTIS written notice of such declaration signed on behalf of the Investment Company by an officer thereof, upon which FTIS shall be entitled to rely for all purposes, certifying (i) the amount per share to be distributed, (ii) the record and payment dates for the distribution, and (iii) that all appropriate action has been taken to effect such distribution. Once the amount and validity of any dividend or redemption payments to shareholders have been determined, the Investment Company shall transfer the payment amounts from the Investment Company's accounts to an account or accounts held in the name of FTIS, as paying agent for the shareholders, in accordance with any applicable laws or regulations, and FTIS shall promptly cause payments to be made to the shareholders.

  • Disbursements from Escrow Funds to Pay NCPS NCPS is authorized to and may disburse from time to time, to itself or to any Indemnified Party from the Escrow Funds (but only to the extent of Issuer’s rights thereto), the amount of any compensation and reimbursement of out-of-pocket expenses due and payable hereunder (including any amount to which NCPS or any Indemnified Party is entitled to seek indemnification pursuant to Section 9 hereof). NCPS shall notify Issuer of any disbursement from the Escrow Funds to itself or to any Indemnified Party in respect of any compensation or reimbursement hereunder and shall furnish to Issuer copies of all related invoices and other statements. Such disbursements will not occur before the minimum contingency is met in compliance with SEC Rule 15c2-4.

  • Bank Accounts; Cash Balances (a) Each Party agrees to take, or cause the members of its Group to take, at the Effective Time (or such earlier time as the Parties may agree), all actions necessary to amend all contracts or agreements governing each bank and brokerage account owned by SpinCo or any other member of the SpinCo Group (collectively, the “SpinCo Accounts”) and all contracts or agreements governing each bank or brokerage account owned by Parent or any other member of the Parent Group (collectively, the “Parent Accounts”) so that each such SpinCo Account and Parent Account, if currently Linked (whether by automatic withdrawal, automatic deposit or any other authorization to transfer funds from or to, hereinafter “Linked”) to any Parent Account or SpinCo Account, respectively, is de-Linked from such Parent Account or SpinCo Account, respectively.

  • Optional Prepayments with Make-Whole Amount (a) The Company may, at its option, upon notice as provided below, prepay at any time all, or from time to time any part of, any Series of the Notes, in an amount not less than 10% of the aggregate principal amount of such Series of the Notes then outstanding (but if in the case of a partial prepayment, then against each tranche within such Series of Notes in proportion to the aggregate principal amount outstanding of each tranche of such Series), at 100% of the principal amount so prepaid, together with interest accrued thereon to the date of such prepayment, plus the Make-Whole Amount determined for the prepayment date with respect to such principal amount. The Company will give each holder of the Series of Notes to be prepaid written notice of each optional prepayment under this Section 8.2 not less than 10 days and not more than 60 days prior to the date fixed for such prepayment. Each such notice shall specify such date, the aggregate principal amount of the Series of the Notes to be prepaid on such date, the principal amount of each Note held by such holder to be prepaid (determined in accordance with Section 8.3), and the interest to be paid on the prepayment date with respect to such principal amount being prepaid, and shall be accompanied by a certificate of a Senior Financial Officer as to the estimated Make-Whole Amount due in connection with such prepayment (calculated as if the date of such notice were the date of the prepayment), setting forth the details of such computation. Two Business Days prior to such prepayment, the Company shall deliver to each holder of the Series of Notes to be prepaid a certificate of a Senior Financial Officer specifying the calculation of such Make-Whole Amount as of the specified prepayment date.

  • Investment of Balance in Collateral Account Amounts on deposit in the Collateral Account shall be invested from time to time in such Permitted Investments as the respective Pledgor through the Company (or, after the occurrence and during the continuance of a Default, the Agent) shall determine, which Permitted Investments shall be held in the name and be under the control of the Agent, PROVIDED that (i) at any time after the occurrence and during the continuance of an Event of Default, the Agent may (and, if instructed by the Banks as specified in Section 11.03 of the Second Amended and Restated Credit Agreement, shall) in its (or their) discretion at any time and from time to time elect to liquidate any such Permitted Investments and to apply or cause to be applied the proceeds thereof to the payment of the Secured Obligations in the manner specified in Section 5.09 hereof and (ii) if requested by the respective Pledgor through the Company, such Permitted Investments may be held in the name and under the control of one or more of the Banks (and in that connection each Bank, pursuant to Section 11.10 of the Second Amended and Restated Credit Agreement) has agreed that such Permitted Investments shall be held by such Bank as a collateral sub-agent for the Agent hereunder).

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