Minimum Unrestricted Cash Amount definition

Minimum Unrestricted Cash Amount means, as of any date of determination, the minimum amount of Qualified Cash required to be held by the Loan Parties pursuant to Section 7.03(a).
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Minimum Unrestricted Cash Amount. (a) prior to the Second Amendment Effective Date, as of any date of determination, an amount equal to: (i) the operating expenses of the Loan Parties and their Subsidiaries determined on a consolidated basis for the six (6) consecutive month period ending on such date of determination, as set forth in the financial statements most recently delivered pursuant to Sections 5.1(c), plus (ii) $1,100,000; (b) from and after the Second Amendment Effective Date, as of any date of determination, an amount equal to $10,000,000.
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Minimum Unrestricted Cash Amount as of any date of determination, an amount equal to: (a) the operating expenses of the Loan Parties and their Subsidiaries determined on a consolidated basis for the six (6) consecutive month period ending on such date of determination, as set forth in the financial statements most recently delivered pursuant to Sections 5.1(c), plus (b) $1,100,000. ​ ​ Presto Credit Agreement 13 ​ ​ ​ ​
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More Definitions of Minimum Unrestricted Cash Amount

Minimum Unrestricted Cash Amount means the Minimum Unrestricted Cash Amount reflected in Schedule B hereto as of the close of business on the applicable Adjustment Measurement Date.
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Minimum Unrestricted Cash Amount is defined in Section 4.1(h).
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Minimum Unrestricted Cash Amount. (a) prior to the Second Amendment Effective Date, as of any date of determination, an amount equal to: (i) the operating expenses of the Loan Parties and their Subsidiaries determined on a consolidated basis for the six (6) consecutive month period ending on such date of determination, as set forth in the financial statements most recently delivered pursuant to Sections 5.1(c), plus (ii) $1,100,000; (b) from and after the Second Amendment Effective Date and through and until (but excluding) the Fourth Amendment Effective Date, as of any date of determination, an amount equal to $10,000,000; (c) from and after the Fourth Amendment Effective Date through January 29, 2024, as of any date of determination, an amount equal to $0.00; (d) from January 30, 2024 through February 28, 2024, as of any date of determination, an amount equal to $1,000,000; (e) from and after February 29, 2024 and through and until (but excluding) the Seventh Amendment Effective Date, as of any date of determination, an amount equal to $2,500,000; (f) from and after the Seventh Amendment Effective Date and through and until (but excluding) the Forbearance Termination Date, as of any date of determination, an amount equal to $0.00; and (g) from and after the Forbearance Termination Date, as of any date of determination, an amount equal to $10,000,000.
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Related to Minimum Unrestricted Cash Amount

  • Unrestricted Cash Amount means, as to any Person on any date of determination, the amount of (a) unrestricted Cash and Cash Equivalents of such Person whether or not held in an account pledged to the Collateral Agent and (b) Cash and Cash Equivalents of such Person restricted in favor of the Facilities (which may also include Cash and Cash Equivalents securing other Indebtedness secured by a Lien on any Collateral along with the Facilities), in each case as determined in accordance with GAAP; it being understood and agreed that proceeds subject to Escrow shall be deemed to constitute “restricted cash” for purposes of the Unrestricted Cash Amount.

  • Unrestricted Cash means cash or cash equivalents of the Borrower or any of its Subsidiaries that would not appear as “restricted” on a consolidated balance sheet of the Borrower or any of its Subsidiaries.

  • Unrestricted Cash and Cash Equivalents means, as of any date of determination, the sum of the aggregate amount of Cash and Cash Equivalents (valued at fair market value) which is Unrestricted. As used in this definition, “Unrestricted” means the specified asset is not subject to any escrow, cash trap, reserves, Liens (other Liens permitted under Section 10.5) or claims of any kind in favor of any Person.

  • Total Equity Value means, as of any date of determination, the aggregate proceeds which would be received by the Unitholders if: (i) the assets of the Company were sold at their fair market value to an independent third-party on arm’s-length terms, with neither the seller nor the buyer being under compulsion to buy or sell such assets; (ii) the Company satisfied and paid in full all of its obligations and liabilities (including all Taxes, costs and expenses incurred in connection with such transaction and any amounts reserved by the Manager with respect to any contingent or other liabilities); and (iii) such net sale proceeds were then distributed in accordance with Section 4.1, all as determined by the Manager in good faith based upon the Class A Common Stock Value as of such date.

  • Consolidated Cash Interest Expense means, for any period, the Consolidated Interest Expense excluding any non-cash interest expense of Holdings and its Restricted Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

  • Adjusted Consolidated EBITDA means, with respect to the Borrower and the Subsidiaries on a consolidated basis for any period, the Consolidated Net Income of the Borrower and the Subsidiaries for such period plus

  • Available Excluded Contribution Amount means the aggregate amount of Cash or Cash Equivalents or the fair market value of other assets (as determined by the Borrower in good faith, but excluding any Cure Amount) received (or deemed received) by the Borrower or any of its Restricted Subsidiaries after the Closing Date from: