Minimum Available Liquidity Sample Clauses
The Minimum Available Liquidity clause sets a required threshold for the amount of liquid assets or cash that a party, typically a borrower, must maintain at all times during the term of an agreement. This requirement is often monitored through regular financial reporting, and may specify particular types of assets or accounts that qualify toward the minimum. By ensuring a baseline level of liquidity, the clause helps protect lenders or counterparties from the risk of insolvency or cash shortfalls, thereby supporting the ongoing financial stability of the obligated party.
Minimum Available Liquidity. Borrower shall maintain a minimum Available Liquidity equal to at least $300,000, based on the quarterly financial statements of Borrower for such month delivered to Lender in accordance with Section 9.7(a) and accompanied by a duly executed Financial Statement Certification and a duly completed and executed Compliance Certificate. The amount of minimum Available Liquidity will be reviewed by the Borrower and Lender on a periodic basis, not more frequently than quarterly and adjusted as necessary to reflect changes in Borrower’s Operating Expenses, operations and liquidity needs as mutually determined by Borrower and Lender acting in good faith. Any such adjustments to the minimum Available Liquidity shall be documented in a written agreement executed by Borrower and Lender.
Minimum Available Liquidity. Maintain at all times Available Liquidity of not less than $10,000,000.
Minimum Available Liquidity. Solely at any time when any Interim Term Loans are outstanding hereunder or under the Interim Term Loan Assumption Agreement, the Borrower will not permit the sum of cash (excluding restricted cash (it being understood that any cash collateralization in favor of the Administrative Agent, in its capacity as such, shall not deem any such cash “restricted” for purposes of compliance with this Section 6.11)) and cash equivalents of the Borrower and its Restricted Subsidiaries as of the last day of each Test Period following the Effective Date to be less than $150,000,000.
Minimum Available Liquidity. The Company will not permit Available Liquidity to be less than $50,000,000 at any time during the Covenant Suspension Period.
Minimum Available Liquidity. The amount of Available Liquidity shall not be less than $275,000,000.
Minimum Available Liquidity. The Borrower shall, at all times, ensure that the Parent maintains Available Liquidity equal to or greater than $[***], tested on a [***] basis and as of any Determination Date.
Minimum Available Liquidity. Permit Available Liquidity to be less than $10,000,000 as of the last Business Day of each calendar week, to be reported to the Lenders on not later than Wednesday of the following calendar week, with such reporting commencing on June 10, 2020 with respect to the June 5, 2020 testing date.
Minimum Available Liquidity. Following the consummation of the Reorganization (including, for the avoidance of doubt, any Dividends to be made pursuant to or in connection with the Reorganization) on the Funds Availability Date, the Borrower and its Restricted Subsidiaries shall have Available Liquidity of at least $1,250,000,000.
Minimum Available Liquidity. The Borrower shall not permit Available Liquidity at any time to be less than $200,000,000.
Minimum Available Liquidity. Following the consummation of the Reorganization (including, for the avoidance of doubt, any Dividends to be made pursuant to or in connection with the Reorganization) on the Funds Availability Date, the Borrower and its Restricted Subsidiaries shall have Available Liquidity of at least $1,250,000,000. The final paragraph of Section 4.03 of the Credit Agreement is hereby amended by adding the words (i) "the Administrative Agent and" prior to the words "each Lender" in the second line of such paragraph; (ii) "the Administrative Agent or" prior to the words "a Lender" in the fourth line of such paragraph; and (iii) "the Administrative Agent or" prior to the words "such Lender" in the fifth line of such paragraph.