Excess Available U.S. Cash Sample Clauses

Excess Available U.S. Cash. If the aggregate amount of Available U.S. Cash exceeds $25,000,000 as of the last day of any Fiscal Quarter, then within five (5) Business Days after the last day of such Fiscal Quarter the Borrower shall prepay outstanding Revolving Loans and/or Swingline Loans and/or Cash Collateralize Letter of Credit Obligations in an aggregate amount equal to the lesser of (x) the amount by which such Available U.S. Cash exceeds $25,000,000 as of the last day of such Fiscal Quarter, and (y) the aggregate principal amount of Revolving Loans, Swingline Loans and Letter of Credit Obligations then outstanding; provided no Letter of Credit Obligations will be required to be Cash Collateralized pursuant to this Section 2.11(c)(vii) if, immediately after giving effect to any prepayment required pursuant to this Section 2.11(c)(vii), any Revolving Loans and/or Swingline Loans remain outstanding.
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Related to Excess Available U.S. Cash

  • Excess Availability Borrowers shall maintain Excess Availability at ------------------- all times of at least $4,500,000.

  • Minimum Excess Availability Borrower shall have Excess Availability under the Revolving Credit Loans facility of not less than the amount specified in the Schedule, after giving effect to the initial advance hereunder and after giving effect to any applicable Loan Reserves against borrowing availability under the Revolving Credit Loans.

  • Excess Cash Borrower shall establish on the date hereof an Eligible Account with Lender or Lender’s agent into which Borrower shall deposit all Excess Cash on each Payment Date during the continuation of a Cash Sweep Period (the “Excess Cash Reserve Account”). Amounts so deposited shall hereinafter be referred to as the “

  • Maximum Consolidated Leverage Ratio The Consolidated Leverage Ratio at any time may not exceed 0.75 to 1.00; and

  • Minimum Cash As determined on the first of every calendar month, the Company shall at all times keep on-hand unencumbered, unrestricted cash in an amount greater than or equal to $1,000,000.