Financial Covenant – Cash Management. At all times prior to the occurrence of the 2019 Extension Event, Borrower shall maintain at all times, in an account in the name of Borrower and subject to an Account Control Agreement, unrestricted (other than as a result of this covenant) cash in an amount equal to the lesser of # one (1) times the outstanding Secured Obligations of Borrower to Lender or # one hundred percent (100%) of all cash of Borrower and its Subsidiaries (other than cash held in # Excluded Accounts, # accounts maintained by an SPE in the ordinary course or # other accounts in an aggregate amount not in excess of One Hundred Thousand Dollars ($100,000.00)).
Financial Covenant – Cash. Upon the occurrence of the 2019 Extension Event, and at all times thereafter, Borrower shall maintain, in an account in the name of Borrower and subject to an Account Control Agreement, unrestricted (other than as a result of this covenant) cash in an amount equal to one (1) times the outstanding Secured Obligations of Borrower to Lender. For the avoidance of doubt, if Borrower elects not exercise the 2019 Extension Event pursuant to clause (a) of the 2019 Extension Event definition, this financial covenant shall not be tested at any time.
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