Liquidity Period definition

Liquidity Period means any period throughout which (a) a Liquidity Event has occurred and is continuing or (b) a Specified Event of Default has occurred and is continuing.

Liquidity Period means (a) any period commencing on the date Availability shall have been less than the greater of (i) 10.0% of the Line Cap and (ii) $65,000,000, in either case for five consecutive Business Days, in each case ending on the date Availability shall have been at least equal to the greater of (i) 10.0% of the Line Cap and (ii) $65,000,000 for 30 consecutive calendar days (this clause (a), a “Liquidity Condition”) or (b) the period that any Specified Default have occurred and shall be continuing.

Liquidity Period will mean the period beginning on the date hereof and terminating on the first to occur of (i) the date the Letters of Credit terminate, (ii) the first date on which there are no longer any Bonds Outstanding other than Bonds secured by an Alternate Letter of Credit, and (iii) the date the Liquidity Period is terminated pursuant to Section 11.

Examples of Liquidity Period in a sentence

• Investors should exercise particular caution in trading the Affected Structured Products before commencement of and during the Limited Liquidity Period as the price of the Affected Structured Products may fluctuate significantly, which may adversely affect investors’ investment in the Affected Structured Products.

• Completion of the purchase of the Sale Shares from the Seller by the Purchasers pursuant to Clause 2(a) shall take place on the Business Day before the start of the Liquidity Period whereupon the Seller shall arrange for the delivery and transfer of the Sale Shares on the HK Register in favour of the Purchasers.

• Tc,b, the core temperature at r = b obtained in this way, was then used in the calculation of the shroud Nusselt number.

• During any Liquidity Period, at the election of the Administrative Agent, the Administrative Agent may cause the ledger balance in any Deposit Account subject to a Deposit Account Control Agreement as of the end of a Business Day to be applied to the Secured Obligations at the beginning of the next Business Day.

• Under the Sale and Repurchase Agreement, Melco Leisure will, on the business day before the start of the Liquidity Period, arrange for the delivery and transfer of the Sale Shares to the Joint Sponsors whilst the Sale Shares shall be resold by the Joint Sponsors to Melco Leisure no later than ten business days after expiry of the Liquidity Period.

More Definitions of Liquidity Period

Liquidity Period means the period from the date that (a) an event of default has occurred and is continuing or (b) (i) the Excess Availability Percentage is less than 12.5% or (ii) Excess Availability is less than $300 million, in the case of this clause (b), for 3 consecutive business days, until the date that the Excess Availability Percentage (or Excess Availability) has been equal to or greater than the percentage or amount described in clause (b) for 30 consecutive days and no event of default is continuing.

Liquidity Period means any period commencing on any day that (i) any Event of Default shall have occurred and be continuing, (ii) Availability shall be less than the greater of (x) $14,062,500 and (y) 15% of the Maximum Revolving Credit for a period of five (5) consecutive Business Days or (iii) Availability shall less than the greater of (x) $11,718,750 and (y) 12.5% of the Maximum Revolving Credit on any Business Day, which period shall terminate on the date on which Availability has exceeded $14,062,500 for a period of 30 consecutive calendar days.

Liquidity Period means the period from the date that is six months prior to the maturity date of the 2017 Notes until the date immediately after payment in full of the 2017 Notes; provided that if the 2017 Notes are paid in full or converted into Capital Stock (other than Disqualified Stock) more than six months prior to the maturity date of the 2017 Notes, no Liquidity Period shall occur.

Liquidity Period any period throughout which (a) a Liquidity Event has occurred and is continuing or (b) a Specified Event of Default has occurred and is continuing. Loan Account: the loan account established by each Lender on its books pursuant to Section 5.7.

Liquidity Period means the period commencing on the Listing Date to 30 calendar days thereafter (both days inclusive);

Liquidity Period means (a) the period beginning on the first date on which the daily average of the aggregate Liquidity for the immediately preceding ninety (90) calendar days shall have been less than fifty percent (50%) of the Maximum Credit and ending on the date on which the daily average of the aggregate Liquidity for the immediately preceding ninety (90) calendar days shall have been greater than or equal to fifty percent (50%) of the Maximum Credit or (b) the period during which an Event of Default shall have occurred and be continuing.

Liquidity Period means the period beginning on the Closing Date and ending on the later to occur of (i) March 31, 2022 or (ii) the last day of the first Measurement Period for which the Interest Coverage Ratio is at least 3.00 to 1.00.