Liquidity Ratio means at any time for Borrower on a consolidated basis, the ratio of (a) cash and cash equivalents plus 50% of trade accounts receivable (net of reserves) to (b) the outstanding balance of all loans owing to Bank (including the Advances).
Liquidity Ratio is the ratio of (a) Quick Assets to (b) all of Borrower’s Obligations to Lenders (but specifically excluding any cash-secured Obligations).
Examples of Liquidity Ratio in a sentence
In order for Borrower to choose to comply with this Minimum Adjusted EBITDA covenant in lieu of the Minimum Liquidity Ratio, Borrower must demonstrate Adjusted EBITDA of at least Three Million Dollars ($3,000,000) for two consecutive fiscal quarters.
More Definitions of Liquidity Ratio
Liquidity Ratio is the ratio of (i) Borrower’s Unrestricted Cash at Bank to (ii) the sum of (a) outstanding Obligations plus (b) the aggregate outstanding Borrower Guaranteed Amounts.
Liquidity Ratio means the ratio between the liquid assets and current liabilities, where
Liquidity Ratio is a ratio of the (a) sum of (i) cash of Borrower and its Subsidiaries which is shown on its most current consolidated balance sheet, plus (ii) the Accounts of the Borrower and its Subsidiaries; divided by (b) the sum of (i) outstanding Obligations, plus (ii) accounts payable of Borrower and its Subsidiaries.
Liquidity Ratio means, as of any date of determination, the ratio of (a) Consolidated unrestricted and unencumbered (other than in favor of the Lender) cash and Cash Equivalents of the Borrower and its Subsidiaries as of such date to (b) Consolidated Senior Indebtedness as of such date.
Liquidity Ratio means fifty percent (50%).
Liquidity Ratio means (a) the sum of (i) Borrower’s unrestricted cash, plus (ii) net billed accounts receivable (including earned but unbilled accounts receivable that is expected to be billed within ten (10) Business Days of month end), divided by (b) all outstanding Obligations under the Revolving Line.
Liquidity Ratio means the ratio (expressed as a percentage) of a Person’s Liquid Assets to Tangible Net Worth.