Minimum Liquidity definition

Minimum Liquidity means, as of any date of determination, the sum of (a) the aggregate unused amount of the Commitments as of such date and (b) unrestricted cash of the Loan Parties as of such date.

Minimum Liquidity means the sum of (a) Unrestricted Cash of the Borrower and the Restricted Subsidiaries and (b) (i) the Aggregate Commitment minus (ii) the Aggregate Outstanding Extensions of Credit.

Minimum Liquidity has the meaning given in Clause 11.19;

Examples of Minimum Liquidity in a sentence

• The Guarantor shall ensure that, from the date of this Guarantee the Guarantor and/or the Borrower and/or any other member of the Group or any other entity acceptable to the Agent will maintain during the Security Period on any of the Accounts with the Lender(s)/Lender(s)’ banking group or the Agent or the Account Bank the Minimum Liquidity, and any sums standing to the credit of the Cash Collateral Account shall be included in the accumulation of the Minimum Liquidity.

• The Borrowers and the Guarantor will ensure that from the date of this Agreement the Borrowers or the Guarantor or any other entity acceptable to the Agent maintain during the Security Period with the Agent or the Account Bank or the Lenders/Lender(s)’ banking group the Minimum Liquidity.

• In addition as of [•] 2023, we confirm compliance with the minimum liquidity requirements set out in Clause 11.19 (Minimum Liquidity and Additional Minimum Liquidity), Clause 11.20 (Dry Docking Reserve Amount) and the minimum security cover requirement set out in Clause 15.1 (Minimum required security cover) [and the financial statements pursuant to Clause 11.6 (Provision of financial statements) of the Loan Agreement]) for the 6-month period to which this Compliance Certificate relates.

• The Borrower and the Guarantor will ensure that from the date of this Agreement the Borrower or the Guarantor or any other entity acceptable to the Agent maintain during the Security Period with the Agent or the Account Bank or the Lenders/Lender(s)’ banking group the Minimum Liquidity.

More Definitions of Minimum Liquidity

Minimum Liquidity means, as at any date, the aggregate amount of the Group’s (consolidated) Cash and the portion of the Available Commitment, which is available for Utilisation pursuant to Clause 5 (Utilisation) at that date as certified to the Agent by the Chief Financial Officer of the Parent.

Minimum Liquidity means the sum of Revolving Loan Availability plus cash and cash equivalents that are (a) owned by any Credit Party, and (b) not subject to any Lien other than a Lien in favor of Agent, excluding, however, any cash and cash equivalents in a specified amount pledged to or held by Agent to secure a specified Obligation in that amount. For the avoidance of doubt, cash and cash equivalents that in accordance with this Agreement secure the Loans generally are not excluded except to the extent so specified.

Minimum Liquidity means, on the Conversion Date (and after giving effect to the consummation of the Transactions), the sum of (i) the amount of Unrestricted Cash of the Borrower and its Restricted Subsidiaries as of such date, (ii) the amount on deposit in the Term C Loan Collateral Accounts in excess of the sum of (x) the Stated Amount of all Term Letters of Credit outstanding as of such date and (y) all Term Letter of Credit Reimbursement Obligations as of such date and (iii) the unused availability under the Revolving Credit Facility.

Minimum Liquidity has the meaning set forth in Section 8.15.

Minimum Liquidity means, at any time in respect of the Sub-Charterers’ Guarantor’s Group, the minimum amount of Cash and Cash Equivalent Investments for a Financial Quarter equal to five percent (5%) of Total Debt at any time;

Minimum Liquidity means (i) during 2010 and 2011 and up to the Final Delivery Date USD40,000,000 and (ii) thereafter, USD35,000,000;

Minimum Liquidity means Unrestricted Cash of the Company and its Restricted Subsidiaries (other than the Unrestricted Cash of ChinaCo and its Restricted Subsidiaries) in an amount equal to at least: