Liquid Assets definition
Liquid Assets mean Borrower's cash on hand plus Borrower's readily marketable securities.
Liquid Assets means cash, unrestricted deposits in banks, and readily marketable securities at their then market value.
Liquid Assets means assets in the form of cash, cash equivalents, obligations of (or fully guaranteed as to principal and interest by) the United States or any agency or instrumentality thereof (provided the full faith and credit of the United States supports such obligation or guarantee), certificates of deposit issued by a commercial bank having net assets of not less than $500 million, securities listed and traded on a recognized stock exchange or traded over the counter and listed in the National Association of Securities Dealers Automatic Quotations, or liquid debt instruments that have a readily ascertainable value and are regularly traded in a recognized financial market.
Examples of Liquid Assets in a sentence
Commencing with the fiscal quarter ending June 30, 2026 and each fiscal quarter thereafter, Guarantor shall maintain, as of the last day of such fiscal quarter following the Closing Date, unrestricted and unencumbered Liquid Assets in an amount not less than $20,000,000.
More Definitions of Liquid Assets
Liquid Assets means, at any relevant time hereunder, the aggregate of:
Liquid Assets means assets that can be converted to cash in 20 days. Liquid assets include but are not limited to cash on hand, checking accounts, savings accounts, stocks, bonds, cash value of life insurance, individual retirement accounts, certificates of deposit, and other investments.
Liquid Assets means cash, cash equivalents and marketable securities.
Liquid Assets means the portion of a consumer’s estate comprised of cash, negotiable instruments, or other similar property that is readily convertible to cash and has a readily ascertainable fixed value, including but not limited to: savings accounts, checking accounts, certificates of deposit, money market accounts, corporate or municipal bonds, U.S. savings bonds, stocks or other negotiable securities, and mutual fund shares.
Liquid Assets means the cash or financial instruments that are convertible into cash.
Liquid Assets means borrower's unencumbered cash, marketable securities and accounts receivable net of reserves. The term "Cash Flow" shall mean net income after taxes, and exclusive of extraordinary items, plus depreciation and amortization. Except as provided above, all computations made to determine compliance with the requirements contained in this paragraph shall be made in accordance with generally accepted accounting principles, applied on a consistent basis, and certified by Borrower as being true and correct.
Liquid Assets means all cash and cash equivalents at any time held by any of the Debtors, including all amounts from time to time held in any checking, savings, deposit or other account of any of the Debtors, all monies, proceeds or sums due or to become due therefrom or thereon and all documents (including, but not limited to passbooks, certificates and receipts) evidencing all funds and investments held in such accounts.