Examples of Cash Equivalent Amount in a sentence
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.
However, if a party making a margin call requests the return of margin securities delivered to the other party in response to a previous margin call, but the other party is unable to return those securities, despite its best endeavours because of circumstances beyond its control, the GMRA 2011 allows the undelivered margin securities to be substituted by means of payment of a Cash Equivalent Amount (see 4(h) of GMRA 2011).
If a party making a margin call requests the return of margin securities delivered to the other party in response to a previous margin call, and the other party is unable to return those securities despite its best endeavours because of circumstances beyond its control, the GMRA 2011 allows the undelivered margin securities to be substituted by means of payment of a Cash Equivalent Amount (see 4(h) of GMRA 2011).
The Company shall maintain at all times (a) a Debt Service Coverage Ratio of not less than 1.50 to 1.00, or (b) a Cash Equivalent Amount equal to or greater than the greatest of: (i) $10,000,000, (ii) 200% of the Funded Senior Indebtedness, (iii) the Annualized Cash Burn; and (iv) the projected Cash Burn for the period of four consecutive fiscal quarters immediately succeeding such date of determination.
This, together with the velocity formula (2.4), leads to the geometric PDEvi = k+(ρi − ρ∗) + k−(ρi−1 − ρ∗) − (k+ + k−)ρ∗µκi + ν∂ssκi.