Minimum Working Capital. The Borrower shall maintain at all times Working Capital (which shall mean Current Assets less Current Liabilities) of at least $500,000.
Minimum Working Capital. Borrower shall at all times maintain a minimum of $2,000,000.00 in current working capital on an aggregate and consolidated basis. Current working capital shall be defined as all Current Assets, less all Current Liabilities.
Minimum Working Capital. Borrower shall maintain at all times Working Capital as of the end of each Fiscal Quarter in an amount equal to or greater than $50,000,000.00.
Minimum Working Capital. Borrower will maintain working capital (calculated as current assets less current liabilities, each determined in accordance with GAAP) of at least $40,000,000, such amount to be determined quarterly.
Minimum Working Capital. Borrower will maintain at all times a working capital, determined under consistently applied generally accepted accounting principles by subtracting current liabilities from current assets, of $ (Minimum Working Capital) or more. For this determination, current assets exclude (Excluded Current Assets). Likewise, current liabilities include (1) all obligations payable on demand or within one year after the date on which the determination is made, and (2) final maturities and sinking fund payments required to be made within one year after the date on which the determination is made, but exclude all liabilities or obligations that Borrower may renew or extend to a date more than one year from the date of this determination.
Minimum Working Capital. The Company will not permit its Consolidated Working Capital, calculated as of the last day of any fiscal quarter ending after the Closing Date, to be less than $750,000. For purposes of this Section 8(f)(i) only, the calculation of Consolidated Working Capital shall exclude any warrant liability or change therein and any effect on the financial statements of the Company resulting from or otherwise related to (i) the Omnibus Amendment dated as of the date hereof involving the Warrants, (ii) the repricing of the warrants on the date hereof that were issued by the Company on July 28, 2005 pursuant to the Note and Warrant Purchase Agreement and to Libra FE, LP and (iii) any related amendment to or waiver dated as of the date hereof involving the Securities Purchase Agreement, the Note and Warrant Purchase Agreement, any transaction document related thereto, or the registration rights agreement with Libra FE, LP.”
Minimum Working Capital. Maintain minimum working capital, at all times during the periods set forth below, calculated as Current Assets minus Current Liabilities; provided, for the purpose of computing Current Assets under this Section 6.01.J, the portion of Current Assets which consists of Timber and Timberlands Current or contract rights relating thereto shall be included only up to an amount equal to (x) on or before January 31, 1993, forty-five percent (45%) and (y) thereafter, forty percent (40%), of the amount of Borrowers' overall Current Assets determined in accordance with GAAP: Period Millions Of Dollars Effective Date through 12/31/95 25 1/1/96 through 6/30/96 19 7/1/96 through 6/30/97 22.5 7/1/97 through 9/30/97 25 10/1/97 through 12/31/97 21.5 1/1/98 through 10/31/98 17.5 11/1/98 and beyond 20
Minimum Working Capital. (1) As of the last day of any fiscal quarter, permit their Working Capital to be less than the aggregate outstanding principal balance of the sum of (i) the aggregate outstanding principal amount of the Term Loan plus (ii) the aggregate outstanding amount of the Revolving Credit Loans;
Minimum Working Capital. Maintain minimum net working capital of $8,000,000 at all times, as shown on the annual financial statement for the Borrower provided to the Bank.
Minimum Working Capital. Borrower shall at all times maintain minimum Working Capital of not less than $1,000,000, measured as of the last day of each quarter.
