Liquid Reserve definition
Liquid Reserve means cash, marketable securities, and net receivables that may be easily converted to cash.
Examples of Liquid Reserve in a sentence
Provided no Event of Default has occurred and is continuing and provided further that Borrower maintains, at or through Bank in the Liquid Reserve Fund, Treasury Reserve Fund, demand deposit accounts or savings accounts, deposits in a minimum amount of at least 85% of Borrower’s cash and cash equivalents, measured on a monthly basis (the “Balance Requirement”), each of the rates of interest set forth in paragraph (a) above will be reduced by 50 basis points (the “Interest Rate Reduction”).