Sufficient Liquidity means cash and Cash Equivalents (including, without limitation, availability under this Agreement), Eligible Bonds and Eligible Government Securities in an aggregate amount equal to or greater than the principal amount of any Convertible Indebtedness that is surrendered for conversion or required to be prepaid, to the extent cash is payable in respect of the applicable conversion or prepayment.
Sufficient Liquidity means holding assets:
Sufficient Liquidity means cash and Cash Equivalents in an aggregate amount equal to 115% of the sum of the principal amount of the Permitted Convertible Notes contemplated to be paid by the Company in cash.
Examples of Sufficient Liquidity in a sentence
For example, the Executive Defendants claimed in an investor presentation that SunEdison had “Greater than $1 Billion of Cash at DevCo … Sufficient Liquidity to Grow Platform.” In other words, the Executive Defendants claimed that SunEdison had $1 billion in available cash, not including cash held at TERP and Global.
The specific policies that will be implemented to ensure Maintenance of Sufficient Liquidity are reflected in Section 5(d) “Ensuring Liquidity”.
Strategy to Ensure Sufficient Liquidity The FDIC has identified the following funding alternatives to meet its immediate liquidity needs: imposing additional special assessments; requiring prepaid assessments; or borrowing from the Treasury or Federal Financing Bank (FFB).
We measure our short-term liquidity risk using a liquidity gap analysis, among other instruments, and monitor the risk based on a 30-day liquidity indicator (Sufficient Liquidity Indicator - SLI) and 90-days Survival Period, as well as in accordance with the minimum liquidity ratios stipulated by the National Bank of Georgia (NBG Liquidity Coverage Ratio, LCR) and CRR (CRR Liquidity Coverage Ratio, LCR).
Sufficient Liquidity means "adequate to meet current and planned business requirements (including known contingencies) while complying with Bursa'srequirements".
More Definitions of Sufficient Liquidity
Sufficient Liquidity means cash and Cash Equivalents (including, without limitation, availability under this Agreement), Eligible Bonds and Eligible Government Securities in an aggregate amount equal to the principal amount of any unsecured Indebtedness which is convertible and surrendered for conversion or required to be prepaid.
Sufficient Liquidity means unrestricted cash and Cash Equivalents with maturities of less than 365 days of the Borrower and availability under the Aggregate Revolving Commitments in an aggregate amount of not less than $50,000,000. 84
Sufficient Liquidity means cash and Cash Equivalents (including, without limitation, availability under the Domestic Revolving Commitments and Multi Currency Revolving Commitments) in an aggregate amount equal to 115% of the sum of the principal amount of the Permitted Convertible Notes contemplated to be paid by PRA in cash.
Sufficient Liquidity has the meaning specified in Section 7.01(a)(xviii)(B).
Sufficient Liquidity means cash and Cash Equivalents (including, without limitation, availability under the Revolving Credit Facility) in an aggregate amount equal to 105% of the sum of (A) any settlement amounts, where settlement amounts means, (1) for any conversion notices delivered prior to the date that is one year prior to the Maturity Date, the principal amount of bonds surrendered for conversion, and (2) for any notices delivered thereafter, the principal amount initially issued under the Permitted Convertible Indebtedness less any principal amount of bonds that have been previously converted, (B) succeeding twelve months of regularly scheduled interest payments with respect to the Permitted Convertible Indebtedness, (C) succeeding twelve months of regularly scheduled principal and interest payments under this Agreement, (D) succeeding twelve months of scheduled preferred dividend payments (to the extent permitted under the terms of this Agreement) and (E) estimated twelve months of holding company expenses paid in cash (net of amounts reimbursed by its Subsidiaries).
Sufficient Liquidity means cash and Cash Equivalents (including, without limitation, availability under the Domestic Revolving A Commitments and Multi Currency Revolving B Commitments) in an aggregate amount equal to 115% of the sum of the principal amount of the Permitted Convertible Notes contemplated to be paid by the Borrower in cash.” 8. Clause (b) of Section 8.13 (Prepayment of Other Indebtedness, Etc.) of the Credit Agreement is hereby amended and restated to read in full as follows:
Sufficient Liquidity means cash and Cash Equivalents (including, without limitation, availability under this Agreement), Eligible Bonds and Eligible Government Securities in an aggregate amount equal to or greater than the principal amount of any Convertible Indebtedness that is surrendered for conversion or required to be prepaid, to the extent cash is payable in respect of the applicable conversion or prepayment. “Surplus Debentures or Notes” means, as to any Insurance Subsidiary, debt securities or notes of such Insurance Subsidiary issued to any of its Affiliates the proceeds of which are permitted to be included, in whole or in part, as Capital and Surplus of such Insurance Subsidiary as approved and permitted by the applicable Department and are of a type generally described in the insurance industry as a “surplus note”. “Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement. “Swap Termination Value” means, in respect of any one or more Swap Contracts, after taking into account the effect of any legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date pr...