Free Liquid Assets means, at any given time, all Cash and Cash Equivalent Investments held by the Borrower’s Group less an amount equal to the Debt Service due and payable during the immediately following two Financial Quarters;
Free Liquid Assets means, at any time, the aggregate of the equivalent in NOK of the current market value of (i) cash in hand, (ii) deposits in banks or financial institutions, and (iii) debt securities with rating equivalent to A/A2 or better by Standard & Poor’s Ratings Group or Xxxxx’x Investors Service, Inc. and tenor of not more than 12 months, in each case to which the Issuer and 100% owned subsidiaries in aggregate is beneficially entitled at that time and to which the Issuer and 100% owned subsidiaries in aggregate have free and unrestricted access and which is not subject to any encumbrance.
Free Liquid Assets means, at any date of determination under this Agreement, the aggregate amount of cash and cash equivalents of the Borrower’s Group determined on a consolidated basis in accordance with IFRS and as shown in the Latest Balance Sheet but excluding any of those assets subject to a Security Interest (other than a Security Interest in favour of the Security Trustee pursuant to this Agreement) at any time and, for the avoidance of doubt, “cash and cash equivalents” include any amounts available under committed credit lines having maturities of more than 6 months;
Examples of Free Liquid Assets in a sentence
The Borrower will ensure that the consolidated financial position of the Group shall at all times during the Security Period be such that: (a) Consolidated Working Capital shall not be less than $0; (b) Free Liquid Assets are not less than the higher of: (i) $50,000,000; and (ii) 5 per cent.
More Definitions of Free Liquid Assets
Free Liquid Assets has the meaning given to that term in clause 22.1 (Financial definitions).
Free Liquid Assets means, at any relevant time, the aggregate amount of cash and cash equivalents of the Parent determined on a consolidated basis in accordance with IFRS and as shown in the Parent’s latest balance sheet, but excluding any of those assets subject to a security interest at any time and, “cash and cash equivalents” shall include any amounts available under committed credit lines having remaining maturities of more than 6 months.
Free Liquid Assets means, at any relevant time, such part of the Liquid Assets of the Group as is, at such time, (i) freely available for use by it and which may, notwithstanding any right of set-off or agreement with any other party, be withdrawn and/or encashed and used by the Group for any lawful purpose without restriction and (ii) free of any Encumbrance unless the relevant asset is at the disposal of the Issuer.
Free Liquid Assets means cash or Cash Equivalents freely available for use by the Guarantor and/or any other member of the Golar MLP Group for any lawful purpose without restriction (other than any restriction arising exclusively from any covenant to maintain a minimum level of free cash or Cash Equivalents) notwithstanding any security interest, right of set-off or agreement with any other party, where:
Free Liquid Assets means, at any time, any unrestricted Cash and Cash Equivalent of the Guarantor which is not subject to any security interest adjusted to include any Cash held under any minimum liquidity requirements and debt service accounts.
Free Liquid Assets means, at any date of determination, the aggregate amount of cash and cash equivalents of the Euronav Group determined on a consolidated basis in accordance with IFRS and as shown in the Latest Annual Account but excluding any of those assets subject to a Security Interest at any time and, for the avoidance of doubt, "cash and cash equivalents" include any amounts available under committed credit lines and revolving credit facilities having remaining maturities of more than 6 months;
Free Liquid Assets means, at any date of determination under this Agreement, the aggregate amount of cash and cash equivalents of the Group determined on a consolidated basis in accordance with IFRS and as shown in the Latest Balance Sheet but excluding any of those assets subject to a Security Interest (other than a Security Interest in favour of the Security Agent pursuant to this Agreement) at any time and, for the avoidance of doubt, “cash and cash equivalents” include any amounts available under committed credit lines having remaining maturities of more than 6 months; “Latest Balance Sheet” means, at any date, the consolidated balance sheet of the Group most recently delivered to the Agent pursuant to Clause XX.XX (Provision of financial statements) and/or most recently made publicly available; “Stockholders’ Equity” means, at any date of determination under this Agreement, the amount of the capital and reserves of the Group determined on a consolidated basis in accordance with IFRS and as shown in the Latest Balance Sheet; “Total Assets” means, at any date of determination under this Agreement, the amount of the total assets of the Group determined on a consolidated basis in accordance with IFRS and as shown in the Latest Balance Sheet; and “Total Indebtedness” means, at any date of determination under this Agreement, the amount of long-term loans (including finance leases, banks loans and other long-term loans) and short-term loans of the Group determined on a consolidated basis in accordance with IFRS and as shown in the Latest Balance Sheet.