Unrestricted Liquid Assets Clause Samples
Unrestricted Liquid Assets. The Borrower will not at any time permit the ratio of (a) the aggregate amount of Unrestricted Liquid Assets to (b) the sum of (i) the aggregate outstanding principal balance of the Revolving Loans under this Agreement and the "Revolving Loans" under the Three-Year Credit Agreement, plus (ii) without duplication, Indebtedness permitted under Section 6.9 to be less than 1.25 to 1.00.
Unrestricted Liquid Assets. The Borrower will not, at any time prior to the Mellon Expiration Date, permit the ratio of (a) the aggregate amount of Unrestricted Liquid Assets to (b) the sum of (i) the aggregate outstanding principal balance of the Revolving Loans under this Agreement and the "Revolving Loans" under the Five Year Credit Agreement, plus (ii) without duplication, Indebtedness permitted under Section 6.9 (excluding Indebtedness under the Mellon Credit Facilities) to be less than 1.25 to 1.0.
Unrestricted Liquid Assets is amended by deleting "less than 1.25 to 1.00" and inserting "less than 1.10 to 1.00" in place thereof. In the form of Compliance Certificate (Exhibit 5.1) the reference in the corresponding Section to "Must be at least 1.25" is deleted and "Must be at least 1.10" is inserted in place thereof.