Average Daily Liquidity definition

Average Daily Liquidity means, as of each day, an amount equal to unrestricted cash and Cash Equivalents of the Borrower and its Subsidiaries held in accounts in the United States and the U.S. Virgin Islands as of such date plus an amount equal to Availability (to the extent available to be drawn in accordance with this Agreement), in each case, as of such determination date.
View Source
Average Daily Liquidity means, for any period, the average of Liquidity for each day (measured at the end of each day) during such period.
View Source
Average Daily Liquidity means, as of any date of determination, the quotient obtained by dividing (a) the sum of each day’s Liquidity for each day occurring during the measurement period ending, or if applicable, beginning, on such date of determination by
View Source

Examples of Average Daily Liquidity in a sentence

  • At all times during the Covenant Relief Period and the Ratio Adjustment Period, the Borrower and its Subsidiaries shall maintain an Average Daily Liquidity of not less than $125,000,000.

  • During the Covenant Relief Period, the Borrower and the Parent shall also deliver a supplemental compliance certificate within ten (10) days following the end of each calendar month certifying as to the calculation of and compliance with the Average Daily Liquidity covenant set forth in Section 10.1.(g).

  • During the Temporary Waiver Period, as of the last Business Day of each week, the Average Daily Liquidity during such calendar week shall not be less than $17,500,000.

  • At all times during the Covenant Relief Period, the Borrower and its Subsidiaries shall maintain an Average Daily Liquidity of not less than $100,000,000.

  • At all times during the Covenant Relief Period and the Ratio Adjustment Period, the Borrower and its Subsidiaries shall maintain an Average Daily Liquidity of not less than $100,000,000125,000,000.


More Definitions of Average Daily Liquidity

Average Daily Liquidity means, as of any date of determination, the quotient obtained by dividing (a) the sum of each day’s Liquidity for each day occurring during the measurement period ending, or if applicable, beginning, on such date of determination by (b) the number of days in such period.
View Source
Average Daily Liquidity means the result obtained by dividing (x) the Quarterly Liquidity (as defined below) by (y) the number of trading days in the Measurement Period (as defined below). As used herein, “Quarterly Liquidity” means, the sum of, for each trading day in the Measurement Period, the product obtained by multiplying (A) the volume of shares of the Permitted Assignee’s common stock that were traded on such day during regular trading hours as reported by the national securities exchange on which such common stock is listed by (B) the Closing Price of the Permitted Assignee’s common stock on such day. As used herein, the “Measurement Period” means the ninety (90) calendar days immediately preceding the date of assignment of this Agreement to the Permitted Assignee in accordance with this Section 14.
View Source