Adjusted Liquidity definition

Adjusted Liquidity means, as of any date of determination, an amount equal to the sum of Liquidity plus 50% of Excess Availability as of the last day of the fiscal quarter of the Borrower most recently ended.

Adjusted Liquidity means, at any time of determination, the sum of (a) unrestricted cash and Cash Equivalents of the Loan Parties maintained in deposit accounts located in the United States and Canada at such time (including, for the avoidance of doubt, any cash or Cash Equivalents subject to a Lien in favor of the Agent for the benefit of the Secured Parties), (b) Excess Availability at such time and (c) the unused portion of any Incremental Term Loan Commitments and Incremental Delayed Draw Term Loan Commitments at such time.

Adjusted Liquidity is, as of any date of determination, an amount equal to (i) Liquidity, as of such date, less (ii) Capital Reserve Requirements, as of such date, plus (iii) Premium Accounts Receivables.

Examples of Adjusted Liquidity in a sentence

• If the Adjusted Liquidity Price is included in the calculation of the Falcon Transfer Price for any Receivable Interest, each Investor agrees that the Agent shall pay to Falcon the Reduction Percentage of any Discount or Funding Charges received by the Agent with respect to such Receivable Interest.

• If the Adjusted Liquidity Price is included in the calculation of the Conduit Transfer Price for any Purchaser Interest, each Financial Institution agrees that the Agent shall pay to Conduit the Reduction Percentage of any Yield received by the Agent with respect to such Purchaser Interest.

• Borrower shall maintain, at all times (and tested at any and all times) from and after the December 2011 Amendment Date, Adjusted Liquidity (as defined below) of not less than $250,000.00.

• The Loan Parties shall during the Waiver Period (i) at all times cause minimum Liquidity to be no less than $1,500,000, (ii) as of the last Business Day of any week, cause minimum Adjusted Liquidity to be no less than $1,500,000, and (iii) promptly notify the Agents and the Lender Parties if (A) Liquidity is less than $2,000,000 at any time or (B) Adjusted Liquidity is less than $2,000,000 as of the last Business Day of any week.

• If the Adjusted Liquidity Price is included in the calculation of the FALCON Transfer Price for any Receivable Interest, each Investor agrees that the Agent shall pay to FALCON the Reduction Percentage of any Discount received by the Agent with respect to such Receivable Interest.

More Definitions of Adjusted Liquidity

Adjusted Liquidity means Cash in Bank, plus 80% of the most recently reported Eligible Accounts, plus 10% (up to a maximum of $300,000) of the most recently reported Inventory held less than 90 Days.

Adjusted Liquidity as of any date of determination, (i) Availability at such date plus (ii) the aggregate amount of unused available revolving commitments (as limited by the borrowing base then in effect) under the First Lien Credit Agreement, if any, at such date less (iii) $2,000,000. Adjusted Total Indebtedness: on any date, the sum of (a) the outstanding principal amount of, and accrued but unpaid interest on, the Loans on such date, (b) the outstanding principal amount of, and accrued but unpaid interest on, any funded Indebtedness incurred by any Loan Party and then outstanding, including loans under the First Lien Credit Agreement, (c) the aggregate amount of royalties, if any, which are unpaid beyond the date on which interest begins to accrue pursuant to the terms of the Loan Parties’ oil and gas leases or pursuant to applicable law, and for which no reserves in conformity with GAAP have been provided on the books of the Borrower, and (d) all obligations with respect to trade payables incurred by any Loan Party, which are 90 days or more past the original invoice or billing date thereof (unless, in the case of this clause (d), such obligations are being contested in good faith by appropriate proceedings and such reserves as may be required by GAAP shall have been made therefor).

Adjusted Liquidity means FIC's unencumbered cash and Cash Equivalents plus the sum of the unused borrowing availability under this Agreement or any of the Borrowers' other committed mortgage warehouse credit facilities (including repurchase facilities) to the extent (if any) that the collateral value of Eligible Collateral that has been pledged to secure the Borrowers' debt to the lender(s) under such facilities exceeds the outstanding borrowings thereunder.

Adjusted Liquidity means the result of (a) the amount of Qualified Cash plus (b) Availability; provided that for all periods from and after the Ninth Amendment Effective Date and prior to the earlier of (i) the date of consummation of a Qualified IPO by Parent, and (ii) August 31, 2013, up to $15,000,000 of Suppressed Availability shall be included in the Availability calculation set forth in clause (b) of this definition for purposes of any determination of a Financial Covenant Period.

Adjusted Liquidity means, as of any date of determination, an amount equal to (a) unrestricted cash of Client, plus (b) the face amount of all Accounts of Client net of reserves for bad debt, minus (c) the Obligations, minus (d) all accrued and unpaid payroll and payroll tax liability of Client.

Adjusted Liquidity means, as of any date of determination, the sum of the Excess Availability (as defined below) plus Borrower’s unrestricted cash on deposit at Bank. As used herein, the term “Excess Availability” means, as of any date of determination, an amount equal to the result of (1) the lower of (y) the maximum Revolving Line amount) and (z) the Borrowing Base, minus (2) the aggregate amount of all outstanding Advances and all applicable Reserves.” hereby is amended and restated in its entirety to read as follows:

Adjusted Liquidity means, as of any date, Liquidity as of such date, minus the amount (on an aggregate basis) of all increases to Liquidity from March 23, 2009 through such date due to any change to the Liquidity Guidelines or failure to comply with the Liquidity Guidelines.