Minimum RML Amount definition

Minimum RML Amount means, as of any date of determination, the average monthly Consolidated Change in Cash and Cash Equivalents for the most recent trailing three (3) month period for which financial statements are due to have been delivered by Borrower Representative to Administrative Agent in accordance with Section 6.2(a) hereof, multiplied by five (5).
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Examples of Minimum RML Amount in a sentence

  • After Borrower has requested and Lenders have made the Restatement Second Tranche Term Loan, the Restatement Third Tranche Term Loan, or a Restatement Fourth Tranche Term Loan, Borrower shall maintain at all times, commencing as of the Financial Covenant Start Date, Liquidity in an amount of at least the Minimum RML Amount.

  • Beginning January 1, 2024on the Financial Covenant Start Date and at all times thereafter (unless waived in accordance with the following) Borrowers to maintain Unrestricted CashLiquidity in an amount equal to the Minimum RML Amount, provided that, compliance with this covenant may be waived with respect to any specified period by Administrative Agent in its sole discretion, based on review of Parent’s financing and operating plans.

  • Maintain at all times prior to the Financial Covenant Termination Datecommencing as of January 1, 2026, Liquidity in an amount of at least Five Million Dollars ($5,000,000.00)the Minimum RML Amount.

  • Beginning January 1, 2024 and at all times thereafter (unless waived in accordance with the following) Borrowers to maintain Unrestricted Cash in an amount equal to the Minimum RML Amount, provided that, compliance with this covenant may be waived with respect to any specified period by Administrative Agent in its sole discretion, based on review of Parent’s financing and operating plans.