Minimum Cash Threshold means (a) for any Excess Cash Measurement Date occurring on or prior to the date on which the annual audited financial statements of OEC for the fiscal year of 2024 are issued, U.S.$200,000,000 and (b) for any Excess Cash Measurement Date occurring after the date on which the annual audited financial statements of OEC for the fiscal year of 2024 are issued, the amount set forth in column of the table below labeled “Minimum Cash Threshold” corresponding to the applicable amount (as set forth in the column of the table below labeled “Net Revenue”) of Net Revenue accrued by OEC and its Subsidiaries on a consolidated basis during such most recently completed fiscal year for which such financial statements have been issued: Net Revenue Minimum Cash Threshold Less than U.S.$5,000,000,000 U.S.$200,000,000 At least U.S.$5,000,000,000 but less than U.S.$6,000,000,000 U.S.$225,000,000 At least U.S.$6,000,000,000 but less than U.S.$7,000,000,000 U.S.$250,000,000 At least U.S.$7,000,000,000 but less than U.S.$8,000,000,000 U.S.$275,000,000 U.S.$8,000,000,000 or greater U.S.$300,000,000
Minimum Cash Threshold means (a) for any Excess Cash Measurement Date occurring on or prior to the date on which the annual audited financial statements of OEC for the fiscal year of 2024 are issued, U.S.$200,000,000 and (b) for any Excess Cash Measurement Date occurring after the date on which the annual audited financial statements of OEC for the fiscal year of 2024 are issued, the amount set forth in column of the table below labeled “Minimum Cash Threshold” corresponding to the applicable amount (as set forth in the column of the table below labeled “Net Revenue”) of Net Revenue accrued by OEC and its Subsidiaries on a consolidated basis during such most recently completed fiscal year for which such financial statements have been issued: Net RevenueMinimum Cash ThresholdLess than U.S.$5,000,000,000U.S.$200,000,000At least U.S.$5,000,000,000 but less than U.S.$6,000,000,000U.S.$225,000,000At least U.S.$6,000,000,000 but less than U.S.$7,000,000,000U.S.$250,000,000At least U.S.$7,000,000,000 but less than U.S.$8,000,000,000U.S.$275,000,000U.S.$8,000,000,000 or greaterU.S.$300,000,000
Minimum Cash Threshold means (a) for any Excess Cash Measurement Date occurring on or prior to the date on which the annual audited financial statements of the Company for the fiscal year of 2024 are issued, U.S.$200,000,000 and (b) for any Excess Cash Measurement Date occurring after the date on which the annual audited financial statements of the Company for the fiscal year of 2024 are issued, the amount set forth in column of the table below labeled “Minimum Cash Threshold” corresponding to the applicable amount (as set forth in the column of the table below labeled “Net Revenue”) of Net Revenue accrued by the Company and its Subsidiaries on a consolidated basis during such most recently completed fiscal year for which such financial statements have been issued: At least U.S.$5,000,000,000 but less than U.S.$6,000,000,000
Examples of Minimum 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.
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 provide to the Debtors and the Creditors’ Committee on such date.
The Minimum Cash Threshold shall be reflected in the Cash and Indebtedness Statement delivered to Parent by the Company and be certified to as required under Section 5.5.
The Business Subsidiaries shall have a minimum amount of cash equal to the Minimum Cash Threshold.
More Definitions of Minimum Cash Threshold
Minimum Cash Threshold is Fifteen Million Dollars ($15,000,000).
Minimum Cash Threshold means, with respect to any proposed Contingent Obligation or Investment, at least $30,000,000 in cash reflected on the balance sheet of Borrowers and their Subsidiaries after giving effect to the incurrence of such Contingent Obligation or Investment, as demonstrated to Agent’s reasonable satisfaction not less than three (3) Business Days prior to making such Contingent Obligation or Investment.
Minimum Cash Threshold means that Borrower maintains unrestricted cash in an aggregate amount of not less than $20,000,000 in either Deposit Accounts (other than any Excluded Accounts) maintained with either (a) Bank or its Affiliates or (b) a third-party financial institution and for which the Bank has received a Control Agreement or other appropriate instrument with respect to such Deposit Account to perfect Bank’s Lien in such Deposit Account.
Minimum Cash Threshold has the meaning ascribed to such term in Section 4.5.3.
Minimum Cash Threshold means that Borrower maintains Discretionary Cash as set forth in Section 5.9.
Minimum Cash Threshold means, with respect to any proposed Contingent Obligation or Investment, at least $10,000,000 in cash reflected on the balance sheet of Borrowers and their Subsidiaries after giving effect to the incurrence of such Contingent Obligation or Investment, as demonstrated to Agent’s reasonable satisfaction not less than three (3) Business Days prior to making such Contingent Obligation or Investment.
Minimum Cash Threshold means, [***]. CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) IS THE TYPE THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL.