Cash Threshold definition

Cash Threshold means, in the case of:
Cash Threshold means initially US$25.0 million (or the Dollar Equivalent thereof) and, after an Expansion Trigger Event, US$50.0 million (or the Dollar Equivalent thereof) (subject in each case to reduction as described in Section ‎6.02(b) to the extent capital expenditures exceed the Capex Limit or in ‎Section 6.02(a) to the extent payments of the Exchange Date Overdue Trade Payables exceed the Exchange Date Overdue Trade Payable Limit). At the end of any Semiannual Fiscal Period, the Cash Threshold (with respect to that Semiannual Fiscal Period only) will be increased by any Excluded Cash Credit.
Cash Threshold shall have the meaning set forth in Section 2.03.

Examples of Cash Threshold in a sentence

  • For purposes of calculating the Minimum Cash Threshold, the projected Cash Balance shall be reasonably determined in good faith by the Debtors’ Chief Restructuring Officer in his sole discretion fifteen (15) calendar days prior to the scheduled Confirmation Hearing and such projected Cash Balance shall be provided to the Debtors and the Creditors’ Committee on such date.

  • If the Company is unable to pay the Automatic Cash Bonus as a result of not meeting the Cash Threshold, no Automatic Cash Bonus will be earned for that fiscal year.

  • If the Company is unable to pay the Target Bonus as a result of not meeting the Cash Threshold, no Target Bonus will be earned for that fiscal year.

  • The amount of the Reserve shall be included as part of the calculation of the Net Cash Threshold.

  • An Adjusted Quick Ratio of at least 1.25:1.00 (provided that Borrower shall also maintain Net Cash in an amount of not less than the Net Cash Threshold Amount).


More Definitions of Cash Threshold

Cash Threshold means the December Balance Sheet Cash plus $352,000.
Cash Threshold has the meaning set forth in Section 19(a)(xi) hereto.
Cash Threshold has the meaning set forth in Article I(C)(3) of this Agreement.
Cash Threshold has the meaning set forth in Section 19(a)(xi) hereto. (l) “Change of Control” means:
Cash Threshold means $10,000,000 in the aggregate in (a) Cash and Cash Equivalents (other than Excluded Cash) held in the aggregate by all Companies and deposited in the Cash Management Accounts, and (b) Liquid Investments held by the Companies or any of them. Nothing in this definition shall be construed as requiring any specific level of cash reserves or as requiring that amounts in excess of the Cash Threshold be applied to amortize the Loans.
Cash Threshold is defined in Section 2.2.1.
Cash Threshold means initially USD 25mm and after an Expansion Trigger Event will be USD 50mm (subject in each case to reduction as described above to the extent Capex spend exceeds the Capex Limit or payments on the Initial Distribution Date Overdue Trade Payables exceed the Initial Distribution Date Overdue Trade Payable Limit). At the end of any semi-annual fiscal period, the Cash Threshold (with respect to that semi-annual fiscal period only) will be increased by any Excluded Cash Credit.