Minimum Liquidity Threshold definition
Minimum Liquidity Threshold shall have the meaning assigned to such term in Section 6.10(a).
Minimum Liquidity Threshold means that, as of the Effective Date, the sum of (i) all cash and cash equivalents on hand for the Debtors and (ii) undrawn availability under the New Revolving Exit Facility, shall not be less than $25,000,000.
Minimum Liquidity Threshold means, as of any Monthly Determination Date, an amount equal to (a) LBC Cash Liabilities minus (b) LBC Available Liquidity; provided that, if the Minimum Liquidity Threshold would result in a number that is a negative number, the Minimum Liquidity Threshold shall be deemed to be zero.
Examples of Minimum Liquidity Threshold in a sentence
If the Cure Period expires and the Minimum Liquidity Threshold Breach has not been fully cured, then the Prepetition Secured Parties shall be entitled to exercise all rights and remedies provided under the Cash Collateral Order; provided, however, that if the Plan Effective Date occurs prior to the expiration of the Cure Period, the Minimum Liquidity Threshold Breach shall be waived subject to the occurrence of the Plan Effective Date.
There shall be a cure period of fifteen (15) days (the “Cure Period”) to cure any breach of the Minimum Liquidity Threshold (the “Minimum Liquidity Threshold Breach”).
More Definitions of Minimum Liquidity Threshold
Minimum Liquidity Threshold means $200,000,000.
Minimum Liquidity Threshold means, with respect to any Collateral Obligation, the meaning of “Minimum Liquidity Threshold” or any comparable definition in the Underlying Instrument for each such Loan, and in any case that “Minimum Liquidity Threshold” or such comparable definition is not defined in such Underlying Instrument, the amount of Total Liquidity to be held by the related obligor that was assigned by the Facility Agent at acquisition, as calculated by the Facility Agent in good faith.
Minimum Liquidity Threshold means $15,000,000.
Minimum Liquidity Threshold means that, as of the Effective Date, the Debtors balance sheet cash, excluding availability under the Exit Facility (if any), shall not be less than $4,000,000.
Minimum Liquidity Threshold means, subject to the consent of the Credit Agreement Primary Agent (not to be unreasonably withheld), $30 million, or such other amount determined by the Debtors with the consent of the Credit Agreement Primary Agent (not to be unreasonably withheld) on or before the Confirmation Hearing.
Minimum Liquidity Threshold means $7,500,000.”; and (b) to supplement Schedules 3.1, 3.4, 3.19, 5.14 and 9.2(b) of the Existing Credit Agreement with Schedules 3.1, 3.4, 3.19, 5.14 and 9.2(b) as set forth in Exhibit B to this Agreement in order to reflect the joinder of ▇▇▇▇▇▇ Time as a Credit Party. For the avoidance of doubt, the Exhibits, Schedules and Annexes to the Credit Agreement shall not be amended except as expressly provided for above and in Exhibit B. 5.
Minimum Liquidity Threshold shall be satisfied if, as of any date of determination, (a) the sum of (i) the aggregate amount of cash and Cash Equivalents (in each case, free and clear of all Liens, other than nonconsensual Liens permitted by Section 7.01 and Liens permitted by Sections 7.01(a), 7.01(l), 7.01(bb) (to the extent pari passu with or junior to the Liens securing the Obligations), 7.01(cc) and 7.01(dd) and clauses (i) and (ii) of Section 7.01(t)) included in the consolidated balance sheet of the Borrower and the Restricted Subsidiaries as of such date plus (ii) the sum of (x) the aggregate Revolving Credit Commitments as of such date minus (y) the aggregate Revolving Credit Exposure as of such date minus (iii) the aggregate principal amount of any Material Indebtedness outstanding as of such date, exceeds (b) $200,000,000.