Liquidity Coverage definition
Liquidity Coverage means, at any time:
Liquidity Coverage means unrestricted and unencumbered cash and cash equivalents held at Bank plus 30% of the invoice cost of forklifts financed or to be financed by Bank excluding taxes, shipping, warranty charges, freight discounts and installation expense; and “Cash Burn” means net income before any deduction for amortization and depreciation.
Liquidity Coverage. Commencing with the month ending March 31, 2006, through June 30, 2006, Borrower shall maintain Liquidity Coverage of not less than 1.50 to 1.0. Commencing with the month ending July 31, 2006, Borrower shall maintain Liquidity Coverage of not less than 2.0 to 1.0.”
Examples of Liquidity Coverage in a sentence
Banque Nagelmackers S.A. has put in place policies, in line with the supervisory regulations, to prevent and manage liquidity risk, which include a contingency funding plan to manage possible liquidity crises, while addressing the respect of regulatory minimum regulatory ratio, such as the Liquidity Coverage Ratio.
Borrower shall at all times maintain a minimum Term Liquidity Coverage of at least 1.75:1.0.
The changes refer to, amongst other things, new requirements for the capital base, measures to strengthen the capital requirements for counterparty credit exposures arising from certain transactions and the introduction of a leverage ratio as well as short-term and longer-term standards for funding liquidity (referred to as the Liquidity Coverage Ratio and the Net Stable Funding Ratio, respectively).
A ratio of Liquidity Coverage to Cash Burn of at least 6.00:1.00.
Borrower shall maintain at all times, to be certified as of the last day of each month commencing with the month ending on September 30, 2015, a Liquidity Coverage Ratio of greater than 1.50 to 1.00.
More Definitions of Liquidity Coverage
Liquidity Coverage is: CDN$, determined as follows: (note – must not be less than CDN$3,000,000) Unrestricted Cash: ; plus
Facility A Available Commitment: .
Liquidity Coverage is hereby amended and restated in its entirety to read: Borrower shall maintain, as of the last day of each calendar month, a ratio of (a)(i) unrestricted cash and cash equivalents plus (ii) 80% of Eligible Accounts minus (iii) outstanding Revolving Advances of not less than (b)(i) two (2) times the aggregate outstanding amount of all Equipment Advances and Non-Revolving Advances under Section 2.2 and 2.3 through the month ending June 30, 1999, then (ii) 1.5 times the aggregate outstanding amount of all Equipment Advances and Non-Revolving Advances under Section 2.2. and 2.3 through the month ending December 31, 1999, then (iii) two (2) times the aggregate outstanding amount of all Equipment Advances and Non-Revolving Advances under Section 2.2. and 2.3, thereafter. Notwithstanding the foregoing, at such time as Borrower achieves a Debt Service Coverage ratio of 1.50 to 1.00 for two (2) consecutive quarters, the Liquidity Coverage shall be replaced by a Debt Service Coverage ratio of 1.50 to 1.00, measured on a quarterly basis.
Liquidity Coverage. A ratio of (1) unrestricted cash and Cash Equivalents plus (i) short-term, marketable securities of Borrower, minus (ii) outstanding Cash Management Services, and minus (iii) the FX Reserve divided by (2) the aggregate amount of the Obligations, of not less than 1.00 to 1.00 as measured at the last day of each calendar month that is not also a quarter end, and not less than 1.25 to 1.00 as measured at the last day of each quarter.”
Liquidity Coverage means a ratio of unrestricted cash (and equivalents) deposited with Silicon or invested with Silicon's affiliates plus the loan value of accounts (the Advance Rate multiplied by the Borrower's Eligible Accounts) under the Accounts Loan divided by all outstanding Obligations. "Adjusted Quick Ratio" shall mean, on any given date, the a ratio of (i) Borrower's Quick Assets to (ii) Borrower's Current Liabilities less deferred revenues plus the then outstanding principal balance of the Accounts Loan. "Current assets", "current liabilities" and "liabilities" shall have the meaning ascribed thereto by GAAP.
Liquidity Coverage. Debt Service Coverage" is hereby amended in part to read as follows:
Liquidity Coverage is the ratio of Liquidity to the aggregate value of all Obligations owed by Borrower to Bank.
Liquidity Coverage. As measured at the last day of each fiscal month of Borrower, a ratio of (1) unrestricted cash and Cash Equivalents plus (i) short-term and long-term, marketable securities of Borrower, plus (ii) twenty-five percent (25%) of Accounts minus (iii) outstanding Cash Management Services, and minus (iv) the FX Reserve divided by (2) the aggregate amount of the Obligations, of not less than 1.00 to 1.00 as measured at the last day of each calendar month through May 31, 2006 and 1.25:1.00 thereafter."
1.7 Section 13 (Definitions). The definition of "Committed Revolving Line" is amended and restated in its entirety as follows: "Committed Revolving Line" is $50,000,000 minus the aggregate outstanding principal amount of all Term Advances.
1.8 Section 13 (Definitions). The definition of "Revolving Maturity Date" is amended and restated in its entirety as follows: "Revolving Maturity Date" is April 30, 2008.
1.9 Section 13 (Definitions). The definition of "Tangible Net Worth" is amended and restated in its entirety as follows: