Common use of Consolidated Cash and Cash Equivalents Clause in Contracts

Consolidated Cash and Cash Equivalents. amend the definition of Consolidated Cash and Cash Equivalents, to bring it substantially in line with and/or by reference to clauses and language used in recent Liberty precedents and/or, to the extent not inconsistent with recent Liberty precedent, the European leverage loan market and in particular: (a) include the following as additional limbs to such definitions: (i) marketable general obligations issued by any political subdivision of governments (consistent with recent Liberty precedent) which when acquired had a credit rating of A- or higher from either Standard & Poor’s Rating Services or Fitch Ratings Ltd or A3 or higher by Xxxxx’x Investors Service Limited; and (ii) repurchase obligations with a term of not more than seven days from certain types of underlying securities entered into with an acceptable bank; and (b) amend the definition of acceptable bank contained in the definition of Consolidated Cash and Cash Equivalents such than any acceptable bank has a rating of “BBB+” and “Baa1” respectively.

Consolidated Cash and Cash Equivalents. amend the definition of Consolidated Cash and Cash Equivalents, to bring it substantially in line with and/or by reference to clauses and language used in recent Liberty precedents and/or, to the extent not inconsistent with recent Liberty precedent, the European leverage loan market and in particular: (a) include the following as additional limbs to such definitions: (i) marketable general obligations issued by any political subdivision of governments (consistent with recent Liberty precedent) which when acquired had a credit rating of A- or higher from either Standard & Poor’s Rating Services or Fitch Ratings Ltd or A3 or higher by Xxxxx’x Mxxxx’x Investors Service Limited; and (ii) repurchase obligations with a term of not more than seven days from certain types of underlying securities entered into with an acceptable bank; and (b) amend the definition of acceptable bank contained in the definition of Consolidated Cash and Cash Equivalents such than any acceptable bank has a rating of “BBB+” and “Baa1” respectively.