Liquidity Level definition

Liquidity Level at any particular time, an amount equal to the sum of the Borrowing Availability and cash and Cash Equivalents maintained in Unrestricted Investment Accounts as determined for the Parent and its Subsidiaries on a consolidated basis in accordance with GAAP.
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Liquidity Level. An amount determined for each Business Day equal to the sum of the Borrowing Base Availability on such day plus the Daily Cash Balance on such day."
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Liquidity Level means, at any referenced time, an amount equal to the sum of the (a) aggregate available amount to the Borrower under and pursuant to the terms of this Agreement, (b) the value of all unmatured Marketable Securities held by the Parent and its consolidated Subsidiaries and (c) unrestricted cash and cash equivalents (per bank ledger balance) on hand at such time, as determined for the Parent and its consolidated Subsidiaries on a consolidated basis; provided, however, that beginning on August 1, 2016 and at all times thereafter, at least 50% of the domestic unrestricted cash and cash equivalents (per bank ledger balance) must be on deposit in accounts maintained by one or more of the Parent and its Subsidiaries at PNC. For the avoidance of doubt: (x) at all times the respective depositors shall have free and unencumbered access to such domestic unrestricted cash and cash equivalents (per bank ledger balance) in such respective accounts maintained at PNC; and (y) without limiting the generality of the foregoing, in no event shall any such cash and cash equivalents (per bank ledger balance) in any such account be subject to any setoff, appropriation or application except in accordance with any applicable Transaction Document and only against amounts (if any) then owing by such respective depositor to PNC.
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Examples of Liquidity Level in a sentence

  • The calculations of the Dividend Coverage Assets, the Dividend Coverage Amount and whether the Minimum Liquidity Level is met shall be set forth in a certificate (a "Certificate of Minimum Liquidity") dated as of the Valuation Date.

  • In the event that a Certificate of Minimum Liquidity is not delivered to S&P when required, the Minimum Liquidity Level shall be deemed not to have been met as of the applicable date.

  • The Minimum Liquidity Level shall be deemed to be met as of any date of determination if the Corporation has timely delivered a Certificate of Minimum Liquidity relating to such date which states that the same has been met and which is not manifestly inaccurate.

  • The Corporation shall, by such fifth Business Day, provide to S&P a Certificate of Minimum Liquidity setting forth the calculations of the Dividend Coverage Assets and the Dividend Coverage Amount and showing that the Minimum Liquidity Level is met as of such fifth Business Day together with a report of the custodian of the Corporation's assets confirming the amount of the Corporation's Dividend Coverage Assets as of such fifth Business Day.

  • The Minimum Liquidity Level shall be deemed to be met as of any date of determination if the Corporation has timely delivered a Certificate of Minimum Liquidity relating to such date, which states that the same has been met and which is not manifestly inaccurate.

  • If the Minimum Liquidity Level is not met as of any Valuation Date, then the Corporation shall purchase or otherwise acquire Dividend Coverage Assets (with the proceeds from the liquidation of Eligible Portfolio Property or otherwise) to the extent necessary so that the Minimum Liquidity Level is met as of the fifth Business Day following such Valuation Date.

  • If, as of each Valuation Date, the Fund does not have the required Dividend Coverage Assets, the Fund shall, as soon as practicable, adjust its portfolio in order to meet the Minimum Liquidity Level, but only if S&P is then rating the shares of MuniPreferred.

  • Liquidity - Risk for Primary Liquidity Level must remain at “Moderate” or better as established in the Market & Liquidity Risk Framework document.

  • In the event that a Certificate of Minimum Liquidity is not delivered to the Remarketing Agent and the Paying Agent when required, the Minimum Liquidity Level shall be deemed not to have been met as of the applicable date.

  • As of each Valuation Date as long as any share of RP is outstanding, the Corporation shall determine (A) the Market Value of the Dividend Coverage Assets owned by the Corporation as of that Valuation Date, (B) the Dividend Coverage Amount on that Valuation Date, and (C) whether the Minimum Liquidity Level is met as of that Valuation Date.


More Definitions of Liquidity Level

Liquidity Level means it’s required by the ECB, formally the Central Bank of Ireland, for all Irish banks to hold enough highly liquid assets to cover the difference between the expected cash outflows and inflows over a 30-day stressed period.
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Liquidity Level has the meaning set forth in Schedule IV.
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Liquidity Level means, at any particular time, an amount equal to the sum of the (a) aggregate available amount to the Borrower under and pursuant to the terms of this Agreement, (b) the value of all unmatured Marketable Securities held by the Parent and its consolidated Subsidiaries and (c) unrestricted cash and cash equivalents on hand at such time, as determined for the Parent and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP. Financial Covenant Thresholds.
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Liquidity Level means, as of each Date of Determination the sum of (i) Borrower's Cash Position, plus (ii) without duplication, each Consolidated Subsidiaries' Cash Position, plus (iii) if no Default has occurred, the amount available to be borrowed by Borrower under the terms of Section 2.04 of the Loan Agreement but excluding any amounts available to be borrowed by Borrower under any other credit facilities, minus (iv) the amount of all the payments scheduled to be made under the Loans on the Payment Date immediately following the Report Date. As used herein, the term "Cash Position" means, with respect to any Person, the amount, expressed in Deutsche Mark, equal to the remainder of (A) txx sum of such Person's cash and cash equivalents (determined in accordance with German GAAP with respect to Borrower and its Consolidated Subsidiaries or determined on an unconsolidated basis but otherwise in accordance with accounting principles generally accepted in the United States ["U.S. GAAP"] with respect to the Shareholders, both consistently applied) plus the market value of such Person's Marketable Securities minus (B) without duplication, the aggregate amount of any Indebtedness secured by any Lien, other than a Lien in favor of Agent as security for the Loans, affecting such cash, cash equivalents and/or Marketable Securities (in each case not to exceed the amount
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Liquidity Level means (without duplication) (A) the Liquidity Level as defined in subparagraph (a) of this Paragraph 2 minus, (B) the aggregate unpaid principal amount of the Loans, minus (C) the aggregate of the accrued and unpaid interest and fees under the Loan Agreement and the other Loan Documents; and
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Liquidity Level means, at any particular time, an amount equal to the sum of the (a) aggregate available amount to the Borrower under and pursuant to the terms of this Agreement, (b) the value of all unmatured Marketable Securities held by the Parent and its consolidated Subsidiaries and (c) unrestricted cash and cash equivalents on hand at such time, as determined for the Parent and its consolidated Subsidiaries on a consolidated basis; provided, however, that beginning on May 1, 2016, at least 50% of the domestic unrestricted cash and cash equivalents used to satisfy the Liquidity Level amount set forth below must be on deposit in accounts maintained by one or more of the Parent and its Subsidiaries at PNC. For the avoidance of doubt: (x) at all times the respective depositors shall have free and unencumbered access to such domestic unrestricted cash and cash equivalents in such respective accounts maintained at PNC; and (y) without limiting the generality of the foregoing, in no event shall any such cash and cash equivalents in any such account be subject to any setoff, appropriation or application except in accordance with any applicable Transaction Document and only against amounts (if any) then owing by such respective depositor to PNC.
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Related to Liquidity Level

  • RBC level means an insurer's company action level RBC, regulatory action level RBC, authorized control level RBC, or mandatory control level RBC where:

  • Minimum Liquidity Amount shall have the meaning assigned to such term in the Pricing Side Letter.

  • Margin Level means the percentage Equity to Necessary Margin ratio. It is calculated as (Equity / Necessary Margin) * 100%.

  • Leverage Factor means the leverage factor in respect of a Series of ETP Securities as specified in the relevant Final Terms.

  • Initial Level means, in respect of an Index, the level specified as such in the applicable Issue Terms.

  • Index Level means, in respect of any day and subject to Adjustment Provisions: (a) in respect of an Index(other than a Multiple Exchange Index), the closing level of such Indexat the Valuation Time on such day; and (b) in respect of an Index that is a Multiple Exchange Index, the official closing level of the Index on such day at the Valuation Time as calculated and published by the Index Sponsor each as rounded up to four decimal places (with 0.00005 being rounded up), allas determined by the Calculation Agent.

  • Applicable Credit Rating For any long-term deposit or security, a credit rating of AAA in the case of S&P or Aaa in the case of Moody's. For any shxxx-xxxm deposit or security, or a rating of A-l+ in the case of S&P or P-1 in the case of Moody's.

  • Маrgin Level for CFD trading shall mean the percentage of Equity to Necessary Margin ratio. It is calculated as: Margin Level = (Equity / Necessary Margin) x 100%.