Minimum Liquidity Ratio Clause Samples

Minimum Liquidity Ratio. At the end of each fiscal quarter, the Cash Equivalent Amount of the Borrower shall be equal to or greater than 150% of its Total Liabilities.

Minimum Liquidity Ratio. A Liquidity Ratio of at least 1.0 to 1.0.”

Minimum Liquidity Ratio. Permit the Liquidity Ratio as of the last day of any fiscal quarter of Borrower to be less than 1.00 to 1.00.

Minimum Liquidity Ratio. A ratio of Liquid Assets to Funded Debt of at least 2.00:1.00, measured at the end of each month.

Minimum Liquidity Ratio. The Borrower and the Borrower Subsidiaries shall maintain at all times on a consolidated basis a Minimum Liquidity Ratio of at least 1.00 to 1.00.

Minimum Liquidity Ratio. Permit the Minimum Liquidity Ratio as of the last day of each month to be less than 1.50:1.00.

Minimum Liquidity Ratio. A Liquidity Ratio, measured on a monthly basis, of not less than 1.15 to 1.00.” 8. Exhibit D to the Agreement hereby is replaced with Exhibit D attached hereto. 9. The following defined term in Exhibit E of the Agreement is hereby amended and restated in its entirety as follows:

Minimum Liquidity Ratio. Borrower shall maintain a Minimum Liquidity Ratio of at least 2.0 to 1.0 at all times, tested as of the last day of each month. Minimum Liquidity Ratio is calculated as (i) unrestricted cash and cash equivalents held at the Bank plus availability under the Domestic Credit Line and EXIM Credit Line divided by (ii) the outstanding amount of the Term Loan.

Minimum Liquidity Ratio. Reported quarterly, at all times when there are any outstandings under the Revolving Line, Borrower shall maintain a ratio of (i) Cash plus Eligible Accounts to (ii) all Indebtedness to Bank, of at least 1.50 to 1.00.”