Minimum Cash definition

Minimum Cash means Cash and Cash Equivalents held by the Group.
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Minimum Cash means $1,000,000.
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Minimum Cash means, at any date, an amount equal to the lesser of (a) the aggregate amount of unrestricted cash and Cash Equivalents held by Group Members at such date, and (b) $160,000,000.
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Examples of Minimum Cash in a sentence

  • At the Closing, the Seller shall cause the applicable members of the Company Group to have the Minimum Cash available to it in the bank accounts as agreed between the Buyer and the Seller pursuant to this Section 5.29.

  • For purposes of clarification, any cash held by a member of the Company Group for the purpose of satisfying a Tax liability for which Seller is responsible pursuant to Section 6.1(b) or Section 6.3(b) shall not be treated as Minimum Cash.

  • Following the date hereof, each of the Buyer and the Seller shall, and shall cause its Representatives to, cooperate to allocate the Minimum Cash to the bank accounts of the members of the Company Group in the applicable operational regions and jurisdictions, taking into consideration any restrictions or limitations on transfer and any payment obligations of each member of the Company Group following the Closing Date.


More Definitions of Minimum Cash

Minimum Cash means, with respect to the Company and its Subsidiaries on a consolidated basis, at any point in time, an amount of Cash equal to the product of (i) the Deferred Tour Revenue of the Company and its Subsidiaries on a consolidated basis multiplied by (ii) forty percent (40%).
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Minimum Cash means $500,000.
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Minimum Cash means an amount equal to $37,000,000 less the amount of Designated LC Company Cash.”
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Minimum Cash means Cash and Cash Equivalents held by the Issuer.
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Minimum Cash has the meaning ascribed to such term in Clause 20.18 (Minimum Cash Balances).
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Minimum Cash. At-all-times, Borrower shall have a minimum total available cash balance, in Deposit Accounts (excluding any restricted accounts) for which ORIX maintains control agreements sufficient to perfect ORIX’s security interest in said Deposit Accounts, of at least $1,500,000.00, until such time as Borrower generates positive trailing three-month free cash flow from operations less capital expenditures for two consecutive quarters; provided, that this financial covenant would be reinstated should the trailing three-month free cash flow from operations less capital expenditures become negative in any fiscal quarter.
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Minimum Cash means Cash and Cash Equivalents held by the Group (including all amounts standing to credit of the Escrow Account from time to time).
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