Consolidated Liquidity Ratio means, as of any date of determination, the ratio of (a) the sum of Consolidated Current Assets (excluding Temporary Excess Cash) plus the Revolving Facility Liquidity Amount to (b) the sum of (i) Consolidated Current Liabilities (but excluding, without duplication and only to the extent such amounts would otherwise have been included in this clause (b)(i), (A) such Consolidated Current Liabilities consisting of any holder put right, balloon, bullet or similar final scheduled principal payment that would repay any Indebtedness permitted by Section 7.03 in full, other than any such holder put right, balloon, bullet or final payment which is due within ninety (90) days following such date of determination, and (B) any Temporary Indebtedness) plus (ii) without duplication, Indebtedness (whether or not reflected as a Consolidated Current Liability) under all floorplan financing arrangements.
Consolidated Liquidity Ratio means, as of any date of determination, the ratio of (a) the sum of (i) unencumbered cash and Cash Equivalents the Borrower and its Subsidiaries on a Consolidated basis as of such date and (ii) Net Accounts Receivable of the Borrower and its Subsidiaries on a Consolidated basis to (b) Consolidated Funded Indebtedness as of such date.
Consolidated Liquidity Ratio means, as of any date of determination, the ratio of (a) the sum of Consolidated Current Assets (excluding Temporary Excess Cash) plus the Revolving and Floorplan Facility Liquidity Amount to (b) the sum of (i) Consolidated Current Liabilities (but excluding, without duplication and only to the extent such amounts would otherwise have been included in this clause (b)(i), (A) such Consolidated Current Liabilities consisting of any holder put right, balloon, bullet or similar final scheduled principal payment that would repay any Indebtedness permitted by Section 7.03 in full, other than any such holder put right, balloon, bullet or final payment which is due within ninety (90) days following such date of determination, and (B) any Temporary Indebtedness) plus (ii) without duplication, Indebtedness (whether or not reflected as a Consolidated Current Liability) under all floorplan financing arrangements.
Examples of Consolidated Liquidity Ratio in a sentence
Permit the Consolidated Liquidity Ratio as of the end of any fiscal quarter (or at the request of the Administrative Agent, as of the end of any calendar month) to be less than 1.05 to 1.00.
Permit the Consolidated Liquidity Ratio to be less than 0.75:1.00, at any time.
Maintain a Consolidated Liquidity Ratio of not less than 2.0-to-1.0 as of the end of each fiscal quarter.
Permit the Consolidated Liquidity Ratio as of the end of any fiscal quarter of the Borrower to be less than 1.25:1.00.
Item P-101 Surface Preparation 1101-3.3 Removal of paint and rubber.
More Definitions of Consolidated Liquidity Ratio
Consolidated Liquidity Ratio means, as of any date of determination, the ratio of (a) the sum of Consolidated Current Assets (excluding Temporary Excess Cash) plus the Revolving Facility Liquidity Amount (as defined in the Revolving Credit Agreement on the date hereof) to (b) the sum of (i) Consolidated Current Liabilities (but excluding, without duplication and only to the extent such amounts would otherwise have been included in this clause (b)(i), (A) such Consolidated Current Liabilities consisting of any holder put right, balloon, bullet or similar final scheduled principal payment that would repay any Indebtedness permitted by Section 7.03 in full, other than any such holder put right, balloon, bullet or final payment which is due within ninety (90) days following such date of determination, and (B) any Temporary Indebtedness) plus (ii) without duplication, Indebtedness (whether or not reflected as a Consolidated Current Liability) under all floorplan financing arrangements.
Consolidated Liquidity Ratio means the ratio of (i) Consolidated Current Assets, to (ii) the aggregate Funded Debt of Borrowers and their Subsidiaries, excluding Subordinated Debt, computed on a consolidated basis in accordance with GAAP.
Consolidated Liquidity Ratio means the ratio of (a) the sum of (i) Consolidated Unrestricted Cash plus (ii) Consolidated Net Accounts Receivables to (b) the sum of, without duplication, (i) Consolidated Current Portion of Long Term Debt plus (ii) the Aggregate Letters of Credit Outstanding, other than cash secured letters of credit, plus (iii) Consolidated current liabilities, all as determined for the Financial Parties, on a Consolidated basis, in accordance with Generally Accepted Accounting Principles, applied on a consistent basis.
Consolidated Liquidity Ratio means, as of any date of determination, the ratio of (a) the sum of Consolidated Current Assets (excluding Temporary Excess Cash) plus the Revolving Facility Liquidity Amount plus for purposes of calculating the Consolidated Liquidity Ratio on or before January 31, 2010 only, the Temporary Letter of Credit Amount, but only to the extent such Temporary Letter of Credit Amount was included in Total Outstandings as of such date) to (b) the sum of (i) Consolidated Current Liabilities (but excluding, without duplication and only to the extent such amounts would otherwise have been included in this clause (b)(i), (A) such Consolidated Current Liabilities consisting of any balloon, bullet or similar final scheduled principal payment that would repay any Indebtedness permitted by Section 7.03 in full, other than any such balloon, bullet or final payment which is due within one (1) fiscal quarter following such date of determination, and (B) any Temporary Indebtedness) plus (ii) without duplication, Indebtedness (whether or not reflected as a Consolidated Current Liability) under all floorplan financing arrangements.
Consolidated Liquidity Ratio means, as of any date of determination, the ratio of (a) the sum of Consolidated Current Assets plus the Revolving Facility Liquidity Amount to (b) the sum of (i) Consolidated Current Liabilities plus (ii) Indebtedness (whether or not reflected as Indebtedness under GAAP) under all floorplan financing arrangements (but excluding (x) Total Revolving Outstandings and (y) liabilities arising under the 5.25% Convertible Senior Subordinated Notes due May 7, 2009 issued by the Company in an initial aggregate principal amount of $149,500,000, other than such Total Revolving Outstandings and such liabilities under the 5.25% Convertible Senior Subordinated Notes which are scheduled to be due within the two (2) fiscal quarters following such date of determination).
Consolidated Liquidity Ratio means, as of any date of determination, the ratio of (a) the sum of (i) unrestricted cash and Cash Equivalents of the Borrower and its Subsidiaries plus (ii) accounts receivable of the Borrower and its Subsidiaries that are aged less than sixty days from their respective due dates plus (iii) accounts receivable of the Borrower and its Subsidiaries due from any Governmental Authority with respect to reimbursement of value added taxes paid to (b) current liabilities of the Borrower and its Subsidiaries as of such date.
Consolidated Liquidity Ratio means, as of any date of determination, the ratio of (a) the sum of Consolidated Current Assets plus the Revolving Facility Liquidity Amount to (b) the sum of (i) Consolidated Current Liabilities plus (ii) Indebtedness (whether or not reflected as Indebtedness under GAAP) under all floorplan financing arrangements (but excluding (x) Total Revolving Outstandings and (y) liabilities arising under the 5.25% Convertible Senior Subordinated Notes due May 7, 2009 issued by the Company in an initial aggregate principal amount of $149,500,000, other than such Total Revolving Outstandings and such liabilities under the 5.25% Convertible Senior Subordinated Notes which are scheduled to be due within the two (2) fiscal quarters following such date of determination); provided that, for purposes of calculating the Consolidated Liquidity Ratio as of December 31 2008 and March 31, 2009 only, “Consolidated Current Liabilities” shall exclude indebtedness for money borrowed that would otherwise be considered by GAAP to be Consolidated Current Liabilities solely because such indebtedness may be deemed payable within 12 months due to a default or cross default whether incurred or prospective, provided however that, in any event, the following shall not be excluded from the calculation of “Consolidated Current Liabilities” as of December 31 2008: (x) floorplan indebtedness as of such date and (y) amortization payments and payments at maturity that are (in each case under this clause (y)) scheduled to be made within four (4) quarters from such date; and provided further that, (as set forth in clauses (x) and (y) above) liabilities under the Revolving Credit Facility and the 5.25% Convertible Senior Notes due May 7, 2009 issued by the Company in an initial aggregate principal amount of $149,500,000 are included in the denominator only if such liabilities are scheduled to be due within two (2) quarters from the date of determination. It is acknowledged that there may be no such exclusion of indebtedness from Consolidated Current Liabilities as described in the proviso set forth above if such indebtedness was not reflected as a Consolidated Current Liability.