Total Liquid Assets definition

Total Liquid Assets means Borrower's cash on hand plus Borrower's readily marketable securities, plus Borrower's net trade accounts receivable.
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Total Liquid Assets at any date of determination, the sum of (i) the book value (as determined in accordance with GAAP) of all marketable securities (adjusted by the net unrealized gain or loss on such securities not reflected in book value) and aggregate cash and cash equivalent balances, in each case held by the Company and/or its consolidated Subsidiaries (other than Banking Subsidiaries and Insurance Subsidiaries), (ii) balances available under the Company's bank credit agreements maturing twelve months or more after the date of determination, (iii) all amounts legally distributable from the Company's Insurance Subsidiaries and Banking Subsidiaries, and (iv) amounts payable under negotiable promissory notes issued by Conseco, Inc. to Colonial Penn Holdings Inc. in the aggregate principal amount of $400,000,000, which notes are backed by letters of credit. For purposes of this definition, "marketable securities" shall mean (A) securities that are publicly traded or (B) securities offered by an independent broker that the Company in good faith believes can be sold within 180 days; and "legally distributable from the Company's Insurance Subsidiaries and Banking Subsidiaries" shall mean, in the case of the Company's Insurance Subsidiaries, the maximum sum which those regulators with supervisory authority over such Subsidiaries in the state or states of their incorporation permit them to distribute by statute, regulation or otherwise, and in the case of the Company's Banking Subsidiaries, the maximum sum which those regulators with supervisory authority over such Subsidiaries either at the national level or in the state of their incorporation permit them to distribute by statute, regulation or otherwise.
Sample 1
Total Liquid Assets means, as of any date of determination, the sum of (a) unrestricted and unencumbered (other than with respect to the Liens of the Administrative Agent or Liens of any depositary bank or securities intermediary which is a Lender and where such cash and Cash Equivalents are maintained) cash and Cash Equivalents, plus (b) the positive difference between (I) the aggregate Revolving Commitments at such time and (II) the Total Revolving Outstandings at such time.”
Sample 1

Examples of Total Liquid Assets in a sentence

  • Credit facilities = Rs (Certificate to be submitted in Form II C) Total Liquid Assets = Rs ……………………....

  • Description(Rs. in Cr)Description(Rs. in Cr) Cash in Hand Cash Credit Cash at Bank LC and BG Fixed Deposits Others (PlSpecify) Total Liquid Assets Total Un- Utilised CreditFacility Note:Grand Total: Total Liquid Assets + Total Un-Utilised Credit Facility.

  • Table-Fin – 2 Liquid Assets and Access to Credit Facility Schedule Package Quoted forEstimated Cost of the Package (Rs. in Lakh) Liquid Assets as on 31.03.20… Credit Facility Month ending… Description(Rs. in Cr)Description(Rs. in Cr) Cash in Hand Cash Credit Cash at Bank LC and BG Fixed Deposits Others (Pl Specify) Total Liquid Assets Total Credit Facility Note:Grand Total: Total Liquid Assets + Total Credit Facility.

  • Description(Rs. in Cr)Description(Rs. in Cr) Cash in Hand Cash Credit Cash at Bank LC and BG Fixed Deposits Others (Pl Specify) Total LiquidAssets Total Un-UtilisedCredit Facility Note:Grand Total: Total Liquid Assets + Total Un-Utilised Credit Facility.

  • Description(Rs. in Cr)Description(Rs. in Cr) Cash in Hand Cash Credit Cash at Bank LC and BG Fixed Deposits Others (PlSpecify) Total Liquid Assets Total Un-Utilised Credit Facility Note:Grand Total: Total Liquid Assets + Total Un-Utilised Credit Facility.

  • Total Liquid Assets Total Credit Facility Note: Continuation sheets, of like size and format, may be used as per Bidder‘s requirements and annexed to this Schedule.

  • Total Liquid Assets Total Credit Facility Note: Continuation sheets, of like size and format, may be used as per Bidder’s requirements and annexed to this Schedule.

  • Total Liquid Assets: Enter the sum of D.1 through D.4. SECTION D.6 AND D.7 ARE NOT APPLICABLE TO INTAKE WORKERS.

  • This would imply that Other Liquid Assets in excess of the total Cash Equivalents would not be regarded as part of Total Liquid Assets.

  • Credit facilities = Rs Total Liquid Assets = Rs ……………………………………………………....Name of the Statutory Auditor’s Firm Seal of the Audit Firm:1.


More Definitions of Total Liquid Assets

Total Liquid Assets has the meaning set forth in Section 6.01(b).
Sample 1
Total Liquid Assets means the aggregate of the cash balances, money market instruments and the market value of all of the freely marketable publicly traded securities having a market value of Five Canadian Dollars ($5) or more (on a per share basis) as determined by the Investment Manager (using the Valuation Principles) and, in each case, held by the Borrower or on its behalf in the State Street Account or in the Control Account at any time and in respect of which the Bank has a first ranking perfected security interest. Notwithstanding the foregoing, the Bank reserves the right to exclude certain securities of the Borrower from the definition of “Total Liquid Assets” in the event the Bank, in its sole discretion, acting reasonably, is not satisfied with such securities or the stock exchange on which such security or securities are traded.
Sample 1
Total Liquid Assets as defined in Section 8.1. ----- ------ ------
Sample 1
Total Liquid Assets means Lessee's cash on hand plus Lessee's readily marketable securities, plus Lessee's net trade accounts receivable. EXCEPT AS EXPRESSLY MODIFIED HEREBY, ALL OF THE TERMS, COVENANTS AND CONDITIONS OF THE GREEMENT SHALL REMAIN IN FULL FORCE AND EFFECT AND ARE IN ALL RESPECTS HEREBY RATIFIED AND AFFIRMED.
Sample 1

Related to Total Liquid Assets

  • Liquid Assets mean Borrower's cash on hand plus Borrower's readily marketable securities.

  • Quick Assets means, at any date as of which the amount thereof shall be determined, the consolidated cash, cash-equivalents, accounts receivable and investments, with maturities not to exceed 90 days, of Borrower determined in accordance with GAAP.

  • Consolidated Liquidity means, with reference to any period, an amount equal to (a) any Unrestricted Cash of the Borrowers and their Subsidiaries as calculated on a consolidated basis for such period and (b) the Aggregate Commitments of the Lenders minus the outstanding principal amount of all Loans and any issued and outstanding Letters of Credit; provided that the Borrowers are otherwise permitted to borrow such amount pursuant to the terms and conditions of this Agreement at the time such amount is calculated.

  • Consolidated Total Liabilities means total liabilities and all mandatorily redeemable preferred stock of Borrower and its Restricted Subsidiaries, on a consolidated basis, all as determined in accordance with GAAP.

  • Consolidated Total Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Indebtedness on such date to (b) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date.

  • Consolidated Total Funded Debt means, as of the date of determination, the aggregate principal amount of all Funded Debt of the Borrower and its Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

  • Consolidated Cash Flow means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication:

  • Consolidated Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the period of the four fiscal quarters most recently ended.

  • Total Liabilities is on any day, obligations that should, under GAAP, be classified as liabilities on Borrower’s consolidated balance sheet, including all Indebtedness.

  • Consolidated Assets means, at a particular date, all amounts which would be included under total assets on a consolidated balance sheet of the Company and its Subsidiaries as at such date, determined in accordance with GAAP.

  • Consolidated Total Asset Value means, without duplication, as of any date of determination, for the Consolidated Parties on a consolidated basis, the sum of: (a) the Operating Property Value of all Real Properties (other than Development/Redevelopment Properties); (b) the amount of all Unrestricted Cash; (c) the book value of all Development/Redevelopment Properties, mortgage or real estate-related loan assets and undeveloped or speculative land; (d) the contract purchase price for all assets under contract for purchase (to the extent included in Indebtedness); and (e) the Borrower’s applicable Unconsolidated Affiliate Interests of the preceding items for its Unconsolidated Affiliates.

  • Consolidated Total Funded Indebtedness (i) obligations under any derivative transaction or other Hedging Agreement, (ii) undrawn Letters of Credit, (iii) Earn-Outs to the extent not then due and payable and if not recognized as debt on the balance sheet in accordance with GAAP and (iv) leases that would be characterized as operating leases in accordance with GAAP on the date hereof.

  • Consolidated Total Assets means, as of the date of any determination thereof, total assets of the Borrower and its Subsidiaries calculated in accordance with GAAP on a consolidated basis as of such date.

  • Consolidated Cash Interest Expense means, for any period, the Consolidated Interest Expense excluding any non-cash interest expense of Holdings and its Restricted Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

  • Consolidated Operating Cash Flow means, with respect to the Company and its Subsidiaries on a consolidated basis, for any period, an amount equal to Consolidated Net Income for such period increased (without duplication) by the sum of:

  • Consolidated Cash Interest Charges means, for any period, for the Borrower and its Restricted Subsidiaries on a consolidated basis, that portion of Consolidated Interest Charges that is either paid or required to be paid in cash during such period, but excluding prepayment or similar premiums paid in connection with any prepayment, repurchase or redemption of Consolidated Funded Indebtedness.

  • Consolidated Total Debt at any date, the aggregate principal amount of all Indebtedness of the Borrower and its Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

  • Consolidated Operating Income means, for any period, the operating income or loss of the Borrower and the Subsidiaries for such period determined on a consolidated basis in accordance with GAAP.

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated Debt means at any date the Debt of the Borrower and its Consolidated Subsidiaries, determined on a consolidated basis as of such date.

  • Current Assets of any Person means all assets of such Person that would, in accordance with GAAP, be classified as current assets of a company conducting a business the same as or similar to that of such Person, after deducting adequate reserves in each case in which a reserve is proper in accordance with GAAP.

  • Consolidated Total Tangible Assets means, as of any date, the Consolidated Total Assets as of such date, less all goodwill and intangible assets determined in accordance with GAAP included in such Consolidated Total Assets.

  • Consolidated Total Debt Ratio means, as of any Applicable Calculation Date, the ratio of (1) Consolidated Total Indebtedness of the Issuer and its Restricted Subsidiaries, minus cash and Cash Equivalents of the Issuer and its Restricted Subsidiaries, in each case, computed as of the end of the most recent fiscal quarter for which internal financial statements are available immediately preceding the Applicable Calculation Date to (2) the Issuer’s Consolidated EBITDA for the Applicable Measurement Period, in each case with such pro forma adjustments to Consolidated Total Indebtedness, cash, Cash Equivalents and Consolidated EBITDA as are appropriate and consistent with the pro forma adjustment provisions set forth in the definition of Fixed Charge Coverage Ratio; provided that, for purposes of the calculation of Consolidated Total Debt Ratio, in connection with the incurrence of any Indebtedness pursuant to Section 10.11, the Issuer may elect, pursuant to an Officer’s Certificate delivered to the Trustee, to treat all or any portion of the commitment (any such amount elected until revoked as described below, an “Elected Amount”) under any Indebtedness which is to be incurred (or any commitment in respect thereof) as being incurred as of the Applicable Calculation Date and (1) any subsequent incurrence of such Indebtedness under such commitment (so long as the total amount under such Indebtedness does not exceed the Elected Amount) shall not be deemed, for purposes of this calculation, to be an incurrence of additional Indebtedness at such subsequent time, (2) the Issuer may revoke an election of an Elected Amount pursuant to an Officer’s Certificate delivered to the Trustee and (3) for purposes of all subsequent calculations of the Consolidated Total Debt Ratio, the Elected Amount (if any) shall be deemed to be outstanding, whether or not such amount is actually outstanding, so long as the applicable commitment remains outstanding.

  • Consolidated Net Worth means at any time the consolidated stockholders’ equity of the Borrower and its Subsidiaries calculated on a consolidated basis as of such time.

  • Consolidated Total Net Indebtedness means at any time the excess, of (i) Consolidated Total Indebtedness at such time over (ii) the aggregate amount of unrestricted cash and Cash Equivalents of the Company and its Restricted Subsidiaries at such time held free and clear of all Liens other than Liens securing the Obligations (or that are subject to the Intercreditor Agreement and bankers’ liens and similar inchoate Liens.

  • Consolidated Cash Flow Available for Fixed Charges means, with respect to any Person for any period: