Maintenance of Liquidity definition

Maintenance of Liquidity. The Seller has ensured that, (a) as the close of business on the last Business Day of any month, it has had cash (other than Restricted Cash) and Cash Equivalents in an amount not less than $20,000,000 and (b) at all other times, it has had cash (other than Restricted Cash) and Cash Equivalents in an amount not less than $10,000,000.”
Sample 1

Examples of Maintenance of Liquidity in a sentence

  • Worth), 11 (y)(iii) (Maintenance of Liquidity) or 1 l(y)(iy) (Net Income).

  • Section 14(dd)(3) of the Existing Repurchase Agreement is hereby amended by deleting it in its entirety and replacing it with the following: Maintenance of Liquidity.

  • Total Liabilities $ Tangible Net Worth $ Ratio of Total Liabilities To Tangible Net Worth Covenant = [__:__] COMPLIANCE PASS FAIL Maintenance of Liquidity Unrestricted Cash $ Cash Equivalents $ Liquidity Covenant = $[ ].

  • Total Liabilities $ Tangible Net Worth $ Ratio of Total Liabilities to Tangible Net Worth = [ ]:[ ] COMPLIANCE PASS FAIL Maintenance of Liquidity Unrestricted Cash $ Cash Equivalents $ Liquidity Covenant = $[ ].

Related to Maintenance of Liquidity

  • Maintenance Outage means NERC Event Type MO, as set forth in attached Exhibit B, and includes any outage involving ten percent (10%) of the Facility’s Net Output that is not a Forced Outage or a Planned Outage.

  • maintenance order , in relation to a court, means an order made by a court —

  • Emergency Maintenance means any period of maintenance for which, due to reasons beyond its reasonable control, Sprint Convergence is unable to provide prior notice of.

  • Routine maintenance means activities to keep an impervious surface as near as possible to its constructed condition. This includes ordinary maintenance activities, resurfacing paved areas, and exterior building changes or improvements which do not materially increase or concentrate stormwater runoff, or cause additional nonpoint source pollution.

  • Maintenance and Support means updates, upgrades, patches, fixes, etc. and technical support provided for the Products and Services that Supplier is required to provide directly to DXC or a DXC Customer.

  • Operation and Maintenance or “O&M” shall mean all activities required to operate, maintain, and monitor the effectiveness of the RA as specified in the SOW or any EPA-approved O&M Plan.

  • Deferred Maintenance means improvements necessary for continued operations which do not improve productivity or alter the process technology.

  • Planned Maintenance means any Maintenance BT has planned to do in advance.

  • Maintenance Requirements shall have the meaning set forth in Clause 14.2;

  • Health maintenance organization means that term as defined in section 3501 of the insurance code of 1956, 1956 PA 218, MCL 500.3501.

  • Maintenance Window means the weekly maintenance windows for the Cloud Service identified in xxxxx://xxxxxxx.xxx.xxx/maintenance-windows. SAP may update the Maintenance Window from time to time in accordance with the Agreement.

  • Maintenance Schedule means a document which describes the specific scheduled maintenance tasks and their frequency of completion necessary for the safe operation of those aircraft to which it applies;

  • Maintenance Covenant A covenant by any borrower to comply with one or more financial covenants (including without limitation any covenant relating to a borrowing base, asset valuation or similar asset-based requirement) during each reporting period, that exists regardless of whether or not such borrower has taken any specified action and includes a covenant that applies only when the related loan is funded.

  • Maintenance and Support Services means the services provided by Contractor under Appendix F.

  • Operation and Maintenance Costs means the costs of:

  • Maintenance agreement means a contract of limited duration

  • Software Maintenance means the process of modifying software after delivery to correct faults, improve performance or other attributes, or adapt to a changed environment. (Reference ISO/IEC 14764:2006, as amended or superseded.) Software maintenance does not include any customization or configuration.

  • Generator Maintenance Outage means the scheduled removal from service, in whole or in part, of a generating unit in order to perform necessary repairs on specific components of the facility, if removal of the facility meets the guidelines specified in the PJM Manuals.

  • Maintenance Term means, initially, the Maintenance Term identified in the Order. Upon expiration of the initial Maintenance Term, the Maintenance Term shall automatically renew for additional one (1) year periods unless terminated earlier by either party, at its option, by written notice at least sixty (60) days prior to the end of the then-current Maintenance Term. The Maintenance Term shall immediately terminate upon the termination, expiration, or cancellation of this Agreement for any reason.

  • Operations and maintenance means a project delivery method in which the District enters into a single contract for the routine operation, routine repair, and routine maintenance of an infrastructure facility.

  • Scheduled Maintenance means any adjustment, repair, removal, disassembly, cleaning, or replacement of components or systems required by the manufacturer which is performed on a periodic basis to prevent part failure or equipment or engine malfunction, or anticipated as necessary to correct an overt indication of malfunction or failure for which periodic maintenance is not appropriate.

  • Maintenance Agency means the Builder or any association, society, company, body or committee formed/appointed by the Builder for the Common Purposes.

  • Maintenance area means any geographic region of the United States previously designated nonattainment pursuant to the CAA Amendments of 1990 and subsequently redesignated to attainment subject to the requirement to develop a maintenance plan under Section 175A of the CAA, as amended.