Example ContractsClausesLiquidity
Liquidity
Liquidity contract clause examples

Liquidity. The Loan Parties shall not permit Liquidity to be less than # $45,000,000 on the last day of the Fiscal Month ending on or about April 30, 2020, or # $32,500,000 on the last day of the Fiscal Month ending on or about May 31, 2020. As used herein, the term “Liquidity” means, at any time, the sum of # the Available Revolving Commitment at such time, plus # the Consolidated Cash Balance maintained with Chase at such time (excluding the aggregate amount of the Consolidated Cash Balance of non-wholly owned Subsidiaries and Permitted J/Vs in excess of $2,500,000).

Liquidity. For the Fiscal Quarters ending nearest to July 30, 2022, October 31, 2022 and January 31, 2023, sum of # Unencumbered Liquid Assets, valued at fair market value, plus # unused but available borrowings under the Line of Credit (that is, # the lesser of the maximum principal amount of the Line of Credit or then-current Availability (as defined in [Section 2.1(b)]), minus # outstanding borrowings and Letters of Credit) shall not be less than Fifteen Million and No/100 Dollars ($15,000,000.00). As used herein, “Unencumbered Liquid Assets” shall mean cash, cash equivalents and/or publicly traded marketable securities acceptable to Bank in its sole, but reasonable, discretion, free of any lien or other encumbrance (provided that retirement account assets held in a fiduciary capacity by Borrower shall not qualify as Unencumbered Liquid Assets).

Liquidity. Permit Unrestricted Cash of the Loan Parties held in Deposit Accounts for which the Administrative Agent shall have received a Deposit Account Control Agreement on a consolidated basis to be less than: # during the period

Liquidity. The Credit Parties will not permit the average daily balance of Liquidity of the Credit Parties, measured on the last day of each fiscal month for such month, to be less than $5,200,000.

Liquidity. Unencumbered Liquid Assets with an aggregate fair market value not at any time less than Ten Million and No/100 Dollars ($10,000,000.00). As used herein, “Unencumbered Liquid Assets” shall mean cash, cash equivalents and/or publicly traded marketable securities acceptable to Bank in its sole discretion, free of any lien or other encumbrance. Retirement account assets held in a fiduciary capacity by Borrower shall not qualify as Unencumbered Liquid Assets.

Liquidity. Cause # Borrowers to maintain at all times Liquidity of at least $6,000,000, consisting of at least $3,000,000 in Undrawn Availability and at least $3,000,000 in Qualified Cash, and # the Foreign Subsidiaries of DZSI to maintain at all times Foreign Cash Liquidity of at least $3,000,000 in the aggregate.

Liquidity. The Borrower will not permit its Liquidity, on the last day of any fiscal quarter of the Borrower during the term of this Agreement, to be less than $15,000,000.

Liquidity. During the period beginning May 1, 2020 and ending March 31, 2021, the Borrower will not permit Liquidity to be less than $250,000,000. The Borrower shall set forth the Liquidity amount, including a break-out of the component parts thereof, in each monthly report provided under [Section 5.01(h)].

Intellectual property (e.g., patents)/product development;

Liquidity. Permit the Liquidity at any time to be less than $200,000,000.

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