Minimum Liquidity Threshold shall have the meaning assigned to such term in Section 6.10(a).
Minimum Liquidity Threshold means that, as of the Effective Date, the sum of (i) all cash and cash equivalents on hand for the Debtors and (ii) undrawn availability under the New Revolving Exit Facility, shall not be less than $25,000,000.
Minimum Liquidity Threshold means, subject to the consent of the Credit Agreement Primary Agent (not to be unreasonably withheld), $30 million, or such other amount determined by the Debtors with the consent of the Credit Agreement Primary Agent (not to be unreasonably withheld) on or before the Confirmation Hearing.
Examples of Minimum Liquidity Threshold in a sentence
In addition, Vanguard has breached Section 1.9.11 of the Credit Agreement by failing to ensure its liquidity meets or exceeds the Minimum Liquidity Threshold as of December 31, 2016, and Vanguard has continued to remain in default of this covenant as of March 31, 2017.
More Definitions of Minimum Liquidity Threshold
Minimum Liquidity Threshold means $200,000,000.
Minimum Liquidity Threshold means that, as of the Effective Date, the Debtors balance sheet cash, excluding availability under the Exit Facility (if any), shall not be less than $4,000,000.
Minimum Liquidity Threshold means, as of any Subsequent Determination Date, the sum of (i) $100 million plus (ii) any amounts committed to be paid by the Issuer or any of its Restricted Subsidiaries as of such Subsequent Determination Date on acquisitions, Investments or capital expenditures that have not yet been paid and which are intended to be paid from cash or Cash Equivalents on hand.
Minimum Liquidity Threshold has the meaning set forth in the Fee Letter.
Minimum Liquidity Threshold has the meaning assigned to such term in Section 9.06(q).
Minimum Liquidity Threshold means the minimum required Liquid Assets that must be maintained at all times during the following periods: Period Minimum Liquidity Threshold Second Amendment Effective Date until June 30, 2024 Requirement Waived July 1, 2024 to July 31, 2024 $ 7,000,000 August 1, 2024 to August 31, 2024 $ 8,000,000 September 1, 2024 to September 30, 2024 $ 9,000,000 October 1, 2024 to October 31, 2024 $ 10,000,000 November 1, 2024 to November 30, 2024 $ 11,000,000 December 1, 2024 to December 31, 2024 $ 12,000,000 January 1, 2025 and thereafter $ 13,000,000 provided, however, that upon the occurrence of any Minimum Liquidity Reset Date under and as defined in the Loan Agreement, the Minimum Liquidity Threshold shall be $13,000,000 on such date and at all times thereafter.
Minimum Liquidity Threshold means Fifty Five Million Dollars ($55,000,000).