Minimum Cash Borrower definition
Examples of Minimum Cash Borrower in a sentence
Minimum Cash Borrower shall maintain at all times unrestricted cash in demand Deposit Accounts in Borrower’s sole name in the United States in a total amount not less than $1,250,000.
The Minimum Cash Financial Covenant set forth in Section 5 of the Schedule is hereby amended and restated to read as follows: Minimum Cash: Borrower shall at all times maintain unrestricted cash or cash equivalents in deposit accounts with Agent and Agent's Affiliates of not less than $25,000,000, which shall be measured (i) on a monthly basis commencing with the month ending June 30, 2024 and the end of each calendar month thereafter and (ii) in connection with each request for Revolving Loans.
The Minimum Cash Financial Covenant set forth in Section 5 of the Schedule is hereby amended and restated to read as follows: Minimum Cash: Borrower shall at all times maintain unrestricted cash or cash equivalents in deposit accounts with Agent and Agent’s Affiliates of not less than $25,000,000, which shall be measured (i) on a monthly basis commencing with the month ending June 30, 2024 and the end of each calendar month thereafter and (ii) in connection with each request for Revolving Loans.