Common use of Liquidity Covenant Clause in Contracts

Liquidity Covenant. Borrower shall at all times maintain in a Collateral Account subject to a Control Agreement in favor of Collateral Agent a cash balance of not less than five percent (5%) of the aggregate principal amount of Term Loans funded and outstanding pursuant to this Agreement.

Liquidity Covenant. Borrower shall at all times maintain in a Collateral Account at Bank or subject to a Control Agreement in favor of Collateral Agent a cash balance of not less than five percent an amount equal to the lesser of (5%i) of the aggregate principal amount of Term Loans funded and outstanding pursuant to this Agreement.Minimum Cash Amount or (ii) the Minimum Cash Elected Amount. 6.14

Liquidity Covenant. Borrower shall at all times maintain in a Collateral Account subject to a Control Agreement in favor of Collateral Agent a cash balance of not less than five percent an amount equal to the greater of (5%i) the Minimum Cash Amount or (ii) the sum of (a) One Million Five Hundred Thousand Dollars ($1,500,000), plus (b) an amount equal to the aggregate principal amount of Term Loans funded and outstanding pursuant to this AgreementCapital Lease Adjustment in effect at any time.

Liquidity Covenant. Borrower shall at all times maintain in a Collateral Account subject to a Control Agreement in favor of Collateral Agent a cash balance of not less than five percent an amount equal to the lesser of (5%i) of the aggregate principal amount of Term Loans funded and outstanding pursuant to this AgreementMinimum Cash Amount or (ii) the Minimum Cash Elected Amount.

Liquidity Covenant. Borrower shall at all times maintain in a one or more Collateral Account Accounts maintained in the United Stated and subject to a Control Agreement Agreement(s) in favor of Collateral Agent a cash balance of not less than five percent (55.00%) of the aggregate principal amount of Term Loans funded and outstanding pursuant to under this Agreement. The minimum liquidity is subject to appropriate increase upon written notice to Borrower from Collateral Agent in the event of Bxxxxxxx’s ongoing or recurring delinquency in payment of its rent or accounts payable to critical vendors.