Net Liquidity means, as of any date of determination, the sum of Cash and Cash Equivalents of the Borrower and its Subsidiaries that are either not Restricted or considered Restricted solely due to the lien of the Collateral Agent securing the Obligations on a consolidated basis as reported on the most recent balance sheet of the Borrower delivered pursuant to Section 6.01.
Net Liquidity means, for any date of determination, an amount equal to the sum of (a) unrestricted Cash and Cash Equivalents of the Company and its Subsidiaries, plus (b) Revolving Availability (under and as defined in the SPV Credit Agreement), plus (c) availability under the Credit Agreement; provided, that all conditions to funding under (b) or (c), as the case may be, have been fully satisfied (other than delivery of prior notice of funding and post-funding notices, opinions or certificates).
Net Liquidity means, as of the date of determination, the sum of unrestricted Cash and Cash Equivalents of PMI.
Examples of Net Liquidity in a sentence
After giving effect to the Borrowing of the Initial Loans on the Closing Date and the other transactions contemplated by this Agreement and the other Loan Documents, Net Liquidity shall not be less than $50,000,000.
More Definitions of Net Liquidity
Net Liquidity means, on any date of determination with respect to the Loan Parties and their Subsidiaries (on a Pro Forma Basis if applicable), the sum of (a) cash and Cash Equivalents, determined on a consolidated basis in accordance with GAAP, excluding cash and Cash Equivalents held by any Subsidiary that is not a Guarantor and that may not be distributed to a Loan Party as a result of requirements of Law or enforceable contractual restrictions and (b) the aggregate principal amount of Revolving Credit Loans available to be borrowed under this Agreement and in such amount that would not cause the Borrowers to fail to be in Pro Forma Compliance with Section 9.14 [Maximum Consolidated Leverage Ratio] (after giving effect to any existing, or if requested being measured for purposes of “Permitted Acquisition”, any requested, Leverage Ratio Step Up).
Net Liquidity is, on any date of measurement, Borrower’s unrestricted cash at Bank minus (a) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit plus an amount equal to the Letter of Credit Reserves), minus (b) the FX Reserve, and minus (c) the outstanding principal balance of any Advances (including any amounts used for Cash Management Services).
Net Liquidity means (a) Co-Borrowers’ unrestricted cash and Cash Equivalents held at Bank or Bank’s Affiliates (in the case of Bank’s Affiliates, subject to a Control Agreement), minus (b) the outstanding balance of the PPP Loan; provided, that upon receipt by Bank of evidence reasonably satisfactory to Bank that the PPP Loan has been forgiven in full pursuant to, and in accordance with, the CARES Act, then this clause (b) shall be deemed to be $0.
Net Liquidity means, as of the date of determination, the sum of Cash, Cash Equivalents and Available for Sale Investments of Prosper and its subsidiaries on a consolidated basis.
Net Liquidity is, as of the date of determination, GTTI’s cash or cash equivalents held at Bank or Bank’s Affiliates, less Borrowers’ outstanding Obligations.
Net Liquidity means, at any date, the sum of (a) unrestricted cash, plus (b) unfunded commitments under the DIP Loan.
Net Liquidity means, on any date, the result of the following calculation on such date: (a) an amount equal to the lesser of the Borrowing Base and the aggregate amount of