Bank Debt Liquidity Coverage. A ratio of Liquidity to all Indebtedness to Bank of at least 1.50 to 1.00.
Bank Debt Liquidity Coverage. Tested monthly as of the last day of each month, commencing on the Revolving Line Increase Effective Date, a ratio of Liquidity to all Indebtedness, other than Indebtedness that is guaranteed, to Bank of at least 1.25 to 1.00.
Bank Debt Liquidity Coverage. Borrower shall maintain at all times, measured as of the last day of each calendar month on a consolidated basis, a ratio of Liquidity to all Indebtedness to Bank of at least 1.75 to 1.00.
Bank Debt Liquidity Coverage. A ratio of (a) the sum of (i) Cash of Borrower and its domestic Subsidiaries in accounts maintained at Bank or Bank’s Affiliates (covered by satisfactory control agreements) on such date of determination, provided, however, Borrower and its domestic Subsidiaries shall maintain not less than $10,000,000 in accounts maintained at Bank or Bank’s Affiliates at all times, plus (ii) Cash of Borrower and its domestic Subsidiaries held at financial institutions in accounts controlled by Bank under the terms of a custodial account agreement, which agreement shall be amended by an amendment to such custodial account agreement in form and substance acceptable to Bank, plus (iii) the aggregate amount of Eligible U.S. Accounts as of such date of determination, plus (iv) the lesser of (x) the aggregate amount of Eligible Chinese Accounts as of such date and (y) $5,000,000 to (b) the aggregate amount of all outstanding Credit Extensions (including outstanding Letters of Credit) of at least 1.50 to 1.00.
Bank Debt Liquidity Coverage. A ratio of (i) the sum of Borrower’s Cash held at Bank plus all Eligible Bank Debt Liquidity Coverage Accounts, to (ii) all Indebtedness to Bank of at least (A) 1.25 to 1.00 for the months ending July 31, 2014 through September 30, 2014 and (B) 2.00 to 1.00 for the months ending October 31, 2014 and thereafter. As used herein, ‘Eligible Bank Debt Liquidity Coverage Account’ means a consolidated Account of Borrower and its consolidated Subsidiaries that has been billed and is not owing more than ninety (90) days after the date of the original invoice or other writing evidencing such Account.”
Bank Debt Liquidity Coverage. A ratio of Liquidity to the aggregate amount of all outstanding Credit Extensions (including outstanding Letters of Credit) of at least 1.50 to 1.00, tested on a monthly basis.
Bank Debt Liquidity Coverage. Tested monthly, a ratio of Liquidity to the aggregate amount of all outstanding Credit Extensions (including outstanding Letters of Credit) of at least the amounts set forth below during the applicable period set forth below: Period Liquidity Ratio December 11, 2009 through May 31, 2010 1.40 to 1.00 June 1, 2010 through August 31, 2010 1.30 to 1.00 September 1, 2010, and at all times thereafter 1.20 to 1.00”
Bank Debt Liquidity Coverage. At all times, measured on a monthly basis, a ratio of Cash held at Bank to all Indebtedness to Bank of at least 1.25 to 1.00.
Bank Debt Liquidity Coverage. A ratio of (i) the sum of Borrower’s Cash held at Bank plus all Eligible Bank Debt Liquidity Coverage Accounts, to (ii) all Indebtedness to Bank of at least 2.00 to 1.00. As used herein, ‘Eligible Bank Debt Liquidity Coverage Account’ means a consolidated Account of Borrower and its consolidated Subsidiaries that has been billed and is not owing more than ninety (90) days after the date of the original invoice or other writing evidencing such Account.
Bank Debt Liquidity Coverage. A ratio of (i) the sum of Borrower’s Cash held at Bank (which must be in an aggregate amount of not less than the Required Cash Amount at all times) plus all Eligible Accounts, to (ii) all Indebtedness to Bank of at least 1.50 to 1.00. As used herein, ‘Required Cash Amount’ means One Million Dollars ($1,000,000.00). Borrower authorizes Bank to decline to honor any drafts upon Borrower’s accounts with Bank or any requests by Borrower or any other Person to pay or otherwise transfer any part of funds held in such accounts if (i) the aggregate balance of such accounts is less than the Required Cash Amount at such time, or (ii) honoring such drafts or requests would cause the aggregate balance of such accounts to be, less than the Required Cash Amount at such time.”
