Minimum Liquid Assets Clause Samples
The Minimum Liquid Assets clause requires a party, typically a borrower, to maintain a specified minimum amount of easily accessible cash or cash-equivalent assets. This requirement is usually monitored through regular financial reporting, and the assets must be held in forms that can be quickly converted to cash, such as bank deposits or marketable securities. The core function of this clause is to ensure the party remains financially stable and able to meet short-term obligations, thereby reducing the lender's risk of default.
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Minimum Liquid Assets. Seller shall maintain Total Eligible Liquidity of not less than $1,000,000.00. “Total Eligible Liquidity” means, at any particular time, the sum of Seller’s cash, cash equivalents (certificates of deposit and other depository accounts established at FDIC-insured banks), United States government-issued securities and other registered, unrestricted equity or debt securities which are publicly traded on a recognized United States exchange and have been approved by Bank, in its sole and absolute discretion and which, in all events, are held in Seller’s name and are free and clear of all Liens (except Liens in favor of Bank), as calculated and determined as set forth in Exhibit E-1 attached hereto.
Minimum Liquid Assets. The Company shall not permit Liquid Assets of the Company to be less than $150,000 at any time.
Minimum Liquid Assets. Borrower collectively shall not permit the sum of Borrower’s Liquid assets at any time to be less than Seventy-Five Million Dollars ($75,000,000).
Minimum Liquid Assets. With respect to the Borrower, maintain at all times Liquid Assets of at least equal to $5,000,000.
Minimum Liquid Assets. As of the end of any fiscal quarter, permit the sum of (i) Available Cash as of such date of determination plus (ii) the Maximum Available Corporate Revolver Commitment as of such date of determination (in each case to be calculated on a Consolidated basis, without duplication, in accordance with GAAP) to be less than $30,000,000.
Minimum Liquid Assets. Permit Borrower’s Liquid Assets at any time to be less than $2,000,000.
Minimum Liquid Assets. The Parent’s Liquid Assets, determined on a consolidated basis, shall not at any time be less than $15,000,000, nor shall the Parent or any applicable Subsidiary of the Parent (including, without limitation, Borrower and WD Capital) otherwise fail to be in compliance with applicable requirements of ▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇ Mac, ▇▇▇▇▇▇ ▇▇▇, FHA, and HUD.
Minimum Liquid Assets. Guarantor shall maintain Total Eligible Liquidity of not less than $40,000,000.00. “Total Eligible Liquidity” means, at any particular time, the sum of Guarantor’s cash, cash equivalents (certificates of deposit and other depository accounts established at FDIC-insured banks), United States government-issued securities and other registered, unrestricted equity or debt securities which are publicly traded on a recognized United States exchange and have been approved by Bank, in its sole and absolute discretion and which, in all events, are held in Guarantor’s name and are free and clear of all Liens (as defined in the Warehouse Agreement) (except Liens in favor of Bank), as calculated and determined as set forth in Exhibit A attached hereto.
Minimum Liquid Assets. Liquid Assets of Parent and its Subsidiaries on a consolidated basis shall be at least $4,500,000 at all times.
Minimum Liquid Assets. Liquid Assets of Initial Borrower and the Included Subsidiaries on a consolidated basis shall not be less than the amount set forth below at all times during the applicable Fiscal Quarter: Fiscal Quarter EndSeptember 30, 2020 and December 31,2020 Minimum Liquid Assets$3,000,000 March 31, 2021, June 30, 2021 andSeptember 30, 2021 $2,500,000 December 31, 2021 $3,000,000 Each Fiscal Quarter after December 31, 2021 $5,000,000