Guarantor Liquidity. If at any time the sum of (x) the Guarantor's Cash Equivalents plus (y) the then current market value of the common units of the Borrower beneficially owned by the Guarantor, in each case after deducting therefrom the value of any encumbrances imposed on any thereof, shall be less than 125% of the Letter of Credit Commitment hereunder or $12,500,000, whichever is greater, unless the Borrower shall have reduced the Letter of Credit Commitment in accordance with Section 2.4 hereof, in which case the Borrower shall be in compliance with this covenant so long as the sum of the amounts computed pursuant to clauses (x) and (y) of this Section 6.8 shall not be less than 125% of the Letter of Credit Commitment then in effect hereunder.
Guarantor Liquidity. At all times, Guarantor shall have Callable Capital in an aggregate amount of at least two (2) times Guarantor Obligations, tested on a quarterly basis.
Guarantor Liquidity. Cause the persoanl guarantor, Xxxxxx Xxxxx, to maintain on a daily basis a minimum of $1,000,000 in liquid assets (defined as cash, cash equivalents and marketable securities).
Guarantor Liquidity. To the extent an event described in Section 2.14(c) has not occurred or, if it has occurred, for so long as such event has not been cured, the Guarantor 77 maintains Liquid Assets sufficient to satisfy its obligations in a timely manner, and, in any event, in an amount no less than the sum of (i) Loans maturing within the immediately succeeding three months plus (ii) amounts required to be funded within the next 12 months to achieve commercial operation of solar projects owned directly or indirectly by the Guarantor (the “Financial R&W”).
Guarantor Liquidity. Beginning with the quarter ending September 30, 2005, the Guarantor shall maintain, at all times to be tested as of the last day of each quarter, Unencumbered Capital, in an amount equal to or greater than three (3) times the aggregate outstanding Obligations; provided, however, that if, at any time, Unencumbered Capital is less than three (3) times the aggregate outstanding Obligations, Guarantor shall, as soon as possible but in no event later than thirty (30) days thereafter, either (i) deposit and maintain with Bank, at all times thereafter, cash in such amounts as Bank determines will secure the full amount of the outstanding Obligations, or (ii) provide Bank with an irrevocable letter of credit, on terms and conditions reasonably acceptable to Bank in its sole discretion, from a financial institution reasonably acceptable to Bank in its sole discretion, and in such amount as Bank determines will secure the full amount of the outstanding Obligations.
Guarantor Liquidity. Until Edison shall have entered into the Edison Facility, Edison shall have, at all times, the unrestricted ability to require its limited partners to make capital contributions in the aggregate amount of not less than Three Million Dollars ($3,000,000.00).
Guarantor Liquidity. The Borrower shall cause each Guarantor to be ------------------- in compliance with the following:(i) Xxxxxx Xxxxxxxxxxx shall maintain at all times a minimum Liquid Net Worth Ratio equal to or greater than 2.0:1.0. The term "Liquid Net Worth Ratio" as used in this Section 6.10 shall equal (1) (A) the combined value of cash, bonds, and marketable securities traded on the NYSE, NASDAQ, and/or AMEX stock exchanges owned by Xxxxxx Xxxxxxxxxxx, less (B) his ---- Indebtedness to any Person, as determined in accordance with GAAP, divided by ------- -- (2) the Guarantor Obligations of Xxxxxx Xxxxxxxxxxx, and (ii) the Devon Property shall have a minimum Equity Value Ratio equal to or greater than 1.7:1.0. The term "Equity Value Ratio" as used in this Section 6.10 shall equal (1) the sum of (A) the most recent appraised fair market value of the Devon Property, less ---- (B) the outstanding balance owed with respect to any liens, mortgages, or other encumbrances recorded or filed against the Devon Property divided by (2) the ------- -- Guarantor Obligations of Devon Xxxx, L.P.
Guarantor Liquidity. If at any time the then current market value of the Guarantor's Cash Equivalents shall be less than 125% of the Letter of Credit Commitment in effect from time to time hereunder (including as such Letter of Credit Commitment shall be reduced, if at all, from time to time in accordance with Section 2.4 hereof).
Guarantor Liquidity. (a) Guarantor Liquidity $_______________
Guarantor Liquidity. Guarantor shall maintain the liquidity requirements set forth in the Guaranty and/or the Completion Guaranty.
