MSC Investment Conditions definition

MSC Investment Conditions means that Borrower maintains Qualified Cash in an amount equal to or greater than the lesser of (i) 120% of the aggregate outstanding Secured Obligations (inclusive of any Prepayment Charge and End of Term Charge that would be due and owing if the outstanding Loans were prepaid at the time of measurement) or (ii) 100% of the consolidated Cash of Borrower and its Subsidiaries unless compliance with the foregoing conditions are waived in writing from time to time by Agent with respect to specified periods, in Agent’s sole discretion.

MSC Investment Conditions means that Borrower has on deposit with Bank or Bank’s affiliates Cash in an aggregate amount greater than or equal to 120% of the then outstanding principal and accrued interest on the Term Loans.

MSC Investment Conditions means that

Examples of MSC Investment Conditions in a sentence

• At any time that the MSC Subsidiary has any assets or liabilities, Borrower shall satisfy the MSC Investment Conditions at all times.

• Borrower may transfer cash to the MSC Subsidiary so long as the MSC Investment Conditions have been met.

• The results can be summarised as: The levels of general perception for 24 respondents participated in the experiment is positive, which means for all of them levels of perception raised from pre-tests to post test and as the p value in Table 3 indicates, this increase is significant.

• If at any time after the incorporation of the MSC Subsidiary the MSC Investment Conditions are not met, then (i) Borrower shall immediately cause the MSC Subsidiary to distribute to Borrower all assets held by the MSC Subsidiary for deposit into an account at Bank, and (ii) the Borrower shall not permit the MSC Subsidiary to hold any assets.

• Notwithstanding the above (i) Borrower shall be permitted to maintain Cash in one or more accounts outside of Bank or Bank’s affiliates, provided that the total aggregate amount of Cash maintained in such accounts does not exceed $100,000 at any time and (ii) Borrower may transfer cash to the MSC Subsidiary so long as the MSC Investment Conditions have been met.

More Definitions of MSC Investment Conditions

MSC Investment Conditions means that Borrower maintains Qualified Cash in an amount equal to or greater than the lesser of (i) 110% of the aggregate outstanding Secured Obligations (inclusive of any Prepayment Charge and End of Term Charge that would be due and owing if the outstanding Loans were prepaid at the time of measurement) plus the Qualified Cash A/P Amount or (ii) 100% of the consolidated Cash of Borrower and its Subsidiaries, unless compliance with the foregoing conditions are waived in writing from time to time by Agent with respect to specified periods, in Agent’s sole discretion.

MSC Investment Conditions means that Borrower maintains Unrestricted Cash in an amount equal to or greater than the lesser of (i) the aggregate outstanding Secured Obligations or (ii) 100% of the consolidated Cash of Borrower and its Subsidiaries.

MSC Investment Conditions means that Borrower maintains Qualified Cash in an amount equal to or greater than the lesser of (i) 110% of the aggregate outstanding Secured Obligations (inclusive of any Prepayment Charge and End of Term Charges that would be due and owing if the outstanding Loans were prepaid at the time of measurement) plus the Qualified Cash A/P Amount or (ii) 100% of the consolidated Cash of Borrower and its Subsidiaries, unless compliance with the foregoing conditions is waived in writing from time to time by Agent with respect to specified periods, in Agent’s sole discretion.

MSC Investment Conditions means that the Borrower has on deposit in a Collateral Account subject to a Control Agreement in favor of the Collateral Agent an amount of at least the lesser of (a) cash and Cash Equivalents held by the Borrower, or (b) One Hundred Twenty Percent (120%) of the total aggregate amount of outstanding Obligations.

MSC Investment Conditions means that, as of any date of determination, Borrowers, in the aggregate, maintain Unrestricted Cash in an amount equal to or greater than the lesser of (i) the aggregate amount of all cash and Cash Equivalents of Borrower Representative and its Subsidiaries, on a consolidated basis, or (ii) $30,000,000.

MSC Investment Conditions means that the Borrower has on deposit in a Collateral Account or Collateral Accounts subject to a Control Agreement in favor of the Collateral Agent an amount of at least One Hundred Twenty Five Percent (125%) of the total aggregate amount of outstanding Obligations.

MSC Investment Conditions means that any Borrower and any secured Guarantor collectively have on deposit in Collateral Accounts subject to a Control Agreement in favor of Collateral Agent, cash and Cash Equivalents in an aggregate amount greater than or equal to one hundred ten percent (110%) of the then outstanding Obligations (inclusive of any Prepayment Fee and Final Payment that would be due and owing if the outstanding Term Loans were prepaid at the time of measurement).