Flexibility Conditions definition
Flexibility Conditions means as of any date and with respect to any transaction, (a) no Default or Event of Default has occurred and is continuing as of such date both before and after giving effect to such transaction, (b) Fleetwood Liquidity for the thirty day period ending as of the date of the applicable transaction, is greater than $90,000,000 both before and after giving effect to such transaction; and (c) Borrower Liquidity for the thirty day period ending as of the date of the applicable transaction, is greater than $60,000,000 both before and after giving effect to such transaction.
Flexibility Conditions means as of any date and with respect to any transaction, (a) no Default or Event of Default has occurred and is continuing as of such date both before and after giving effect to such transaction, (b) Fleetwood Liquidity for the thirty-day period ending as of the date of the applicable transaction, calculated on a pro forma basis as if such transaction had occurred on the first day of such thirty-day period, is in compliance with the requirement of such Section 7.23(a) for the then current calendar month; and (c) Borrower Liquidity for the thirty-day period ending as of the date of the applicable transaction, calculated on a pro forma basis as if such transaction had occurred on the first day of such thirty-day period, is in compliance with the requirement of such Section 7.23(b) for the then current calendar month.
Examples of Flexibility Conditions in a sentence
The procedure for this arrangement is attached at Annexure A - Workplace Flexibility Conditions.
The operational procedures for WFA are included as Annexure A - Workplace Flexibility Conditions.