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 has the meaning set forth in Section 19(a)(xi) hereto. (l) “Change of Control” means:
Examples of Cash Threshold in a sentence
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.
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.
Notwithstanding the preceding sentence, an immediate violation of this Section 6.7(a) will occur if, during such 60-day period, the party or parties that issued the Acceptable Term Sheet rescinds the Acceptable Term Sheet or if any party to the Acceptable Term Sheet is no longer diligently pursuing the transaction contemplated by the Acceptable Term Sheet and Borrower did not satisfy the Minimum Cash Threshold at all times during that period.
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).
Commencing with the month ending November 30, 2017 and tested as of the last day of each month, 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 shall have the meaning set forth in Section 2.03.
Cash Threshold has the meaning set forth in Section 19(a)(xi) hereto.
Cash Threshold means the December Balance Sheet Cash plus $352,000.
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 means, at any time, the lesser of (i) the aggregate amount of cash of any Guarantor and its Subsidiaries on a consolidated basis at such time and (ii) the Current Portion of Long-Term Debt of such Guarantor and its Subsidiaries at such time.
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.
Cash Threshold means the greater of the following: (1) $6,000,000.00 or (2) an amount equal to Tenant's current annual cash burn rate, which shall be evidenced by either (i) a cash flow analysis prepared by Tenant ("Tenant's Cash Flow Analysis") and delivered to Landlord within fifteen (15) days following the end of each calendar quarter showing Tenant's net cash in-flow and out-flow for the immediately preceding twelve (12) month period, or (ii) the Net Cash Used in Operating Activities for the immediately preceding twelve (12) month period as shown on Tenant's Consolidated Statements of Cash Flow. For purposes of calculating the Cash Threshold, Tenant's Cash Flow Analysis and/or Tenant's Consolidated Statements shall exclude one-time cash contributions made by Tenant relating to the acquisition of the Property and the initial build-out of the Improvements per the Work Letter Agreement (i.e., Tenant's TI Contribution, Excess Costs and Development Management Fees (as each of those terms are defined in the Work Letter Agreement)) and one-time cash payments made by Tenant associated with the pay-off or pay-down of its convertible debt. As used herein, "Tenant's Consolidated Statements of Cash Flow" means those consolidated statements of Tenant's cash flow as prepared by Tenant in accordance with GAAP and which are publicly filed with the SEC on a quarterly basis. If the value of Tenant's unrestricted cash and Cash Equivalents drops below the Cash Threshold, or if Tenant fails to deliver to Landlord the required Officer's Certificate within the above 15-day period, Tenant shall, within five (5) days after delivery of such Officer's Certificate (or failure to deliver such Officer's Certificate), deposit with Landlord an additional security deposit in an amount equal to One Million Five Hundred Seventy-Five Thousand and 00/100 Dollars ($1,575,000.00) (i.e., an amount equal to the aggregate sum of Base Annual Rental payable during the first twelve (12) months of the initial Lease Term, as the same may be adjusted pursuant to Section 3.1) (payable in cash or in the form of a letter of credit reasonably acceptable to Landlord in accordance with the provisions of Section 3.6.1) (the "Springing Security Deposit"); provided, however, in the event Tenant's unrestricted cash and Cash Equivalents once again exceeds the Cash Threshold for two consecutive calendar quarters, Landlord shall promptly return the Springing Security Deposit to Tenant. Failure to timely provide such Officer's ...