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.
Total Liquid Assets means, at any date of determination, the sum of (i) the aggregate Cash and Cash Equivalents held by the Borrower, (ii) the aggregate Cash and Cash Equivalents held by the Borrower's consolidated Subsidiaries (including Banking Subsidiaries and Insurance Subsidiaries) to the extent Distributable to the Borrower, and (iii) 90% of the market value (as determined in accordance with GAAP and adjusted regularly by the net unrealized gain or loss on such securities not reflected in book value) of all Marketable Securities (without duplication of amounts included under the preceding clauses (i) and (ii)) held by the Borrower and/or its consolidated Subsidiaries to the extent Distributable to the Borrower, after deducting therefrom the amount of any obligations (including without limitation amounts available for drawing under, and unpaid reimbursement obligations in respect of, outstanding letters of credit) secured by Liens on such Marketable Securities. "Cash and Cash Equivalents" shall mean the sum of cash balances on hand, securities issued or directly and fully guaranteed or insured by the United States of America or any agency thereof and investments in registered money market funds. "Distributable" shall mean immediately and legally accessible for distribution to the Borrower as the Borrower unilaterally may require without legal restraint (which shall include without limitation, in the case of the Borrower's Insurance Subsidiaries, that those regulators with supervisory authority over such Subsidiaries in the state or states of their incorporation permit such distribution under applicable statute, regulation or otherwise, and in the case of the Borrower's Banking Subsidiaries, that those regulators with supervisory authority over such Subsidiaries either at the national level or in the state of their incorporation permit such distribution under applicable statute, regulation or otherwise). "Marketable Securities" shall mean securities that are publicly traded on an exchange or automated quotation market system. "Total Current Obligations" shall mean the sum of (i) the principal of all outstanding consolidated Indebtedness due within twelve months, (ii) the principal amount of all Loans outstanding under this Agreement (without duplication of amounts included under the preceding clause (i)), and (iii) interest accruing within the next twelve months on all outstanding consolidated Indebtedness determined on a pro forma basis based on the interest rate or rate...
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.”
Examples of Total Liquid Assets in a sentence
Permit Total Liquid Assets to be less than $100,000,000 at any time from the Effective Date through April 30, 2021.
If Nonrecourse Debt of Subsidiaries is excluded from Total Current Obligations, the Total Liquid Assets of such Subsidiaries shall not be included in the calculation of Total Liquid Assets to the extent of the excluded Subsidiary Nonrecourse Debt.
Borrower shall maintain a ratio of Total Liquid Assets" to "Current Liabilities", minus the current portion of deferred revenue, of no less than 1.50 to 1.00, tested at the end of each fiscal quarter, beginning with the quarter ending March 31, 2003.
Lessee shall maintain a ration of Total Liquid Assets to current liabilities in excess of 2.0 to l~0; calculated at end of each fiscal quarter.
Gross Monthly Employment Income Unemployment, Worker’s Compensation, Child Support, Alimony, Other Types of Income TOTAL INCOME $ Employer’s Name Employer’s Phone Number Employer’s Address Total Liquid Assets $ V.
More Definitions of Total Liquid Assets
Total Liquid Assets means Borrower's cash on hand plus Borrower's readily marketable securities, plus Borrower's net trade accounts receivable. "Current Liabilities" shall have the meaning defined by GAAP.
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.
Total Liquid Assets as defined in Section 8.1. ----- ------ ------
Total Liquid Assets has the meaning set forth in Section 6.01(b).
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.