Liquidity Sample Clauses
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Liquidity. An adequate cash flow should be maintained to ensure that claims and operating expenses are paid on a timely basis. An operating cash position is to be maintained at appropriate levels and will be managed by the insurance operating company in accordance with the approved list for investments as determined from time to time by the Investment Committee. These securities will be managed by the Insurance Company as part of the Treasury function and currently are restricted primarily to Treasury and Agency securities of the U.S. government.
Liquidity. There are no transactions, arrangements or other relationships between and/or among the Company, any of its affiliates (as such term is defined in Rule 405 of the Rules and Regulations) and any unconsolidated entity, including, but not limited to, any structured finance, special purpose or limited purpose entity that would reasonably be expected to materially affect the Company’s liquidity or the availability of or requirements for its capital resources required to be described in the Time of Sale Disclosure Package and the Prospectus which have not been described as required.
Liquidity. Parent will not permit the aggregate amount of Liquidity at the close of any Business Day to be less than $2,000,000,000.
Liquidity. Permit Liquidity at any time to be less than $50,000,00030,000,000.
Liquidity. The Company and its consolidated Subsidiaries as of the last day of each calendar month shall maintain (x) unrestricted Cash and/or Cash Equivalents of at least $[***] and (y) unrestricted Cash and/or Cash Equivalents plus Commitment Availability of $[***].
Liquidity. Although CBBC have liquidity providers, there is no guarantee that investors will be able to buy/sell CBBC at their target prices any time they wish.
Liquidity. The Company shall have, upon the consummation of the Plan and after giving effect to the use of proceeds from Capital Raising Activities permitted under this Agreement and the issuance of the Shares, and the payment and/or reserve for all allowed and disputed claims under the Plan, transaction fees and other amounts required to be paid in cash under the Plan as contemplated by the Plan Summary Term Sheet, an aggregate amount of not less than $500,000,000 of Proportionally Consolidated Unrestricted Cash (the “Liquidity Target”) plus, the net proceeds of the Additional Financings and the aggregate principal amount of the Anticipated Debt Paydowns (or such higher number as may be agreed to by each Purchaser and the Company).
Liquidity. Soliciting Dealer agrees that before an investor executes a Subscription Agreement, Soliciting Dealer will inform the prospective investor of all pertinent facts relating to the liquidity and marketability of the Shares during the term of the investment as set forth in the Offering Circular.
Liquidity. The Administrative Agent shall have received evidence satisfactory to it that, after giving effect to the Transactions, Liquidity is greater than or equal to $15,000,000.
Liquidity. (1) Within thirty (30) days, the Board shall establish a written process to assess the adequacy of the Bank’s funding sources on an ongoing basis. This process shall produce a written liquidity report that includes:
(a) an assessment of the Bank’s needs and sources of liquidity;
(b) an assessment of the ability of the parent, ▇▇▇▇▇▇▇’▇, Inc., to continue to fund the daily purchase of receivables, including an analysis of the parent’s access to current sources of funding and the parent’s access to contingency sources of funding; and
(c) an assessment of the performance of the receivables originated and serviced by the Bank, with an analysis of its impact on the parent’s funding sources, such as access to the securitization markets.
(2) The Board shall require that the written liquidity report be prepared on at least a monthly basis, and more frequently if any event has occurred that might significantly affect the ability of the parent to continue to fund the daily purchase of receivables.
(3) The Board shall immediately take any measures indicated by the liquidity assessment to assure that the Bank has adequate sources of liquidity, including contingent sources, for the Bank’s needs.
(4) To the extent that the Bank relies on the exemption for “intraday” extensions of credit to comply with 12 U.S.C. § 371c, as implemented by Regulation W (12 C.F.R. Part 223), the Bank shall document in the written liquidity report facts that demonstrate the Bank’s compliance with 12 C.F.R. §§ 223.3(j) and 223.42(l) of Regulation W.
(5) The Bank shall provide to the OCC copies of the monthly servicing reports for ▇▇▇▇▇▇▇’▇, Inc.’s securitization activities and credit quality reports for off-book credit card receivables. The reports to be provided under this paragraph also include reports providing credit performance metrics, for example delinquencies and charge-offs, and any other asset quality reports that management uses to monitor the performance of the credit card receivables serviced by the Bank.
(6) The Board shall by the fifteenth (15th) of each month forward to the OCC a copy of the liquidity report, and a description of any actions to be taken in response to that report, along with copies of the reports described in paragraph (5) of this Article.
(7) Within thirty (30) days, the Bank shall make good faith, reasonable efforts to enter into a Capital Assurance and Liquidity Maintenance Agreement (“CALMA”) with ▇▇▇▇▇▇▇’▇, Inc., in a form to which the OCC has no supervis...