Examples of Consolidated Cash on Hand in a sentence
To the extent that the Consolidated Cash on Hand exceeds $30,000,000 as of the First Amendment Effective Date, immediately prior to the effectiveness of this Agreement (as certified by the Borrower in writing to be accurate within two (2) Business Days prior to the First Amendment Effective Date), the Borrower shall make a mandatory principal prepayment on the outstanding Revolving Loans (without a corresponding permanent reduction in the Revolving Committed Amount) in an amount equal to such excess.
To the extent that the Consolidated Cash on Hand exceeds $30,000,000 at the end of any fiscal monthly period, in connection with the delivery of the financial statements pursuant to Section 5.1(e), the Borrower shall make mandatory principal prepayments on the outstanding Revolving Loans (without a corresponding permanent reduction in the Revolving Committed Amount) in an amount equal to such excess.