Minimum Liquidity has the meaning given in Clause 11.19;
Minimum Liquidity means, as of any date of determination, the sum of (a) the aggregate unused amount of the Commitments under this Agreement as of such date and (b) all unrestricted and unencumbered cash and Investments of the type described in Section 9.06(c), (d), (e) and (f) reflected on the Borrower’s balance sheet as of such date.
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.
Examples of Minimum Liquidity in a sentence
The Borrower shall have Minimum Liquidity on the Closing Date of at least $500,000,000.
For the avoidance of doubt, this is a one-time Limited Consent, which may not be extended, and shall expire on June 21, 2024 and if a breach of the Minimum Liquidity Test (determined by reference to the $25,000,000 lower limit) is continuing on June 21, 2024 it shall constitute an Event of Default.
More Definitions of Minimum Liquidity
Minimum Liquidity means that the sum of (I) the aggregate amount of unrestricted cash and Cash Equivalents of the Qualified Loan Parties at such time plus (II) the Total Unutilized Revolving Credit Amount.
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 means, as of any date of determination, on an aggregate basis for all Credit Parties, the sum of (a) unrestricted and unencumbered (other than by (x) Liens in favor of the Administrative Agent or Collateral Agent or (y) statutory Liens in favor of banks solely to the extent permitted under clause (r) of Section 8.2) cash maintained in accounts located in the United States, (b) Cash Equivalents and (c) the fair market value of the Marketable Securities.
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 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;