Common use of Liquidity Maintenance Clause in Contracts

Liquidity Maintenance. The Company shall, at all times when the Senior Notes are not rated in an investment grade category by one or more nationally recognized statistical rating organizations, maintain Liquid Assets with a value equal to at least 100% of the required interest (including Additional Interest) payments due on the Senior Notes on the next succeeding semi-annual Interest Payment Date. Liquid Assets of a Subsidiary may be included in such calculation only to the extent that such Liquid Assets may at such time be distributed to the Company without restriction or notice to any Person. Such Liquid Assets shall not be the subject of any pledge, Lien, encumbrance or charge of any kind and shall not be used as collateral or security for Indebtedness for borrowed money or otherwise of the Company or its Subsidiaries nor may such Liquid Assets be used as reserves for any self-insurance maintained by the Company.

Liquidity Maintenance. The Company shall, at all times when the Senior Notes are not rated in an investment grade category by one or more nationally recognized statistical 77 rating organizations, maintain Liquid Assets with a value equal to at least 100% of the required interest (including Additional Interest) payments due on the Senior Notes on the next succeeding semi-annual Interest Payment Date. Liquid Assets of a Subsidiary may be included in such calculation only to the extent that such Liquid Assets may at such time be distributed to the Company without restriction or notice to any Person. Such Liquid Assets shall not be the subject of any pledge, Lien, encumbrance or charge of any kind and shall not be used as collateral or security for Indebtedness for borrowed money or otherwise of the Company or its Subsidiaries nor may such Liquid Assets be used as reserves for any self-insurance maintained by the Company.

Liquidity Maintenance. The Company shall, at all times when the Senior Notes are not rated in an investment grade category by one or more nationally recognized statistical rating organizations, maintain Liquid Assets with a value equal to at least 100% of the required interest (including Additional Interest) payments due on the Senior Notes on the next two succeeding semi-annual Interest Payment DateDates. Liquid Assets of a Subsidiary (other than the Savings Banks or other depository institution Subsidiary) may be included in such calculation only to the extent that such Liquid Assets may at such time be distributed to the Company without restriction or notice to any Person. Such Liquid Assets shall not be the subject of any pledge, Lien, encumbrance or charge of any kind and shall not be used as collateral or security for Indebtedness for borrowed money or otherwise of the Company or its Subsidiaries nor may such Liquid Assets be used as reserves for any self-insurance maintained by the Company.

Liquidity Maintenance. The Company shall, at all times when the Senior Notes are not rated in an investment grade category by one or more nationally recognized statistical rating organizations, maintain Liquid Assets with a value equal to at least 100% of the required interest (including Additional Interest) payments due on the Senior Notes on the next succeeding semi-annual Interest Payment Date. Liquid Assets of a Subsidiary may be included in such calculation only to the extent that such Liquid Assets may at such time be distributed to the Company without restriction or notice to any Person. Such Liquid Assets shall not be the subject of any pledge, Lien, encumbrance or charge of any kind and shall not be used as collateral or security for Indebtedness for borrowed money or otherwise of the Company or its Subsidiaries nor may such Liquid Assets be used as reserves for any self-insurance maintained by the Company.

Liquidity Maintenance. The Company shall, at all times when the Senior Notes are not rated in an investment grade category by one or more nationally recognized statistical rating organizations, maintain Liquid Assets with a value equal to at least 100% of the required interest (including Additional Interest) payments due on the Senior Notes on the next two succeeding semi-annual Interest Payment DateDates. Liquid Assets of a Subsidiary (other than the Savings Banks or other depository institution Subsidiary) may be included in such calculation only to the extent that such Liquid Assets may at such time be distributed to the Company without restriction or notice to any Person. Such Liquid Assets shall not be the subject of any pledge, Lien, encumbrance or charge of any kind and shall not be used as collateral or security for Indebtedness for borrowed money or otherwise of the Company or its Subsidiaries nor may such Liquid Assets be used as reserves for any self-self insurance maintained by the Company.