Examples of Unencumbered Liquid Assets in a sentence
Unencumbered Liquid Assets - A Pillar of Strength in CrisisBased on the FDIC’s experience, the first line of defense for respondingto a liquidity event is a cushion of unencumbered liquid assets (i.e., assets free from legal, regulatory, or operational impediments).
Guarantor will not at any time permit its Unencumbered Liquid Assets to be less than Three Hundred Million Dollars ($300,000,000).
As of the date hereof, Guarantor own Unencumbered Liquid Assets of Three Hundred Million Dollars ($300,000,000) or more.
Commencing on the Tranche 1-B Funding Date, the Company and the Borrowers and their respective Subsidiaries on a consolidated basis shall at all times maintain Unencumbered Liquid Assets with a value greater than or equal to the applicable Minimum Liquidity Amount.
Not permit the Consolidated Unencumbered Liquid Assets as of any date of determination to be less than $1,000,000.