Minimum Liquidity Test. The Borrower will not permit Liquidity to be less than $75,000,000 at any time during the Covenant Adjustment Period.
Minimum Liquidity. During the Minimum Liquidity Period, Borrower shall not permit the Liquidity as of the last day of any calendar week to be less than $75,000,000.
Minimum Liquidity during Limited Covenant Relief Period. Borrowers shall maintain, at all times during the Limited Covenant Relief Period, Liquidity of no less than $17,500,000, as tested on the last day of each fiscal month, commencing May 31, 2020. As used herein, "Liquidity" means, with respect to the Borrowers, the sum of Unrestricted Cash plus Revolving Loan Availability.
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