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.
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."
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.
Examples of Liquidity Level in a sentence
The Parent and its Subsidiaries on a consolidated basis shall not permit, on any Liquidity Report Date, the Liquidity Level to be less than the amount set forth in Schedule IV.
The Liquidity Report shall reflect the Liquidity Level of the Parent and its Subsidiaries as of the last Business Day of the week immediately preceding the applicable Liquidity Report Date.
Not permit the Surplus and Liquidity Amount plus RRC Equity as of the last day of any Fiscal Month to be less than the Minimum Surplus and Liquidity Level.
Following the Initial Period, the Reduced Liquidity Level shall be automatically and permanently reduced from time to time by any Reduction Payments.
Article 12, Section 12.1, Part I, paragraph 1 of the Bylaws is hereby amended by deleting the definitions of the terms Dividend Coverage Amount, Dividend Coverage Assets and Minimum Liquidity Level set forth therein; 2.
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.
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) t▇▇ 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
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.
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.
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
Liquidity Level means Thirty Million Dollars ($30,000,000).
Liquidity Level has the meaning set forth in Schedule IV.