Minimum Cash Liquidity. Guarantor’s Cash Liquidity as of the last day of any fiscal quarter of Guarantor shall not be less than the greater of (x) $10,000,000 and (y) 5% of Guarantor’s Recourse Indebtedness.
Appears in 2 contracts
Samples: Guaranty, Guaranty (Benefit Street Partners Realty Trust, Inc.)
Minimum Cash Liquidity. Permit the Guarantor’s Cash Liquidity as of the last day of any fiscal quarter of the Guarantor shall not to be less than the greater of (xi) $10,000,000 and (yii) 5% of the Guarantor’s Recourse Indebtedness.
Appears in 2 contracts
Samples: Credit Agreement (Franklin BSP Realty Trust, Inc.), Credit Agreement (Benefit Street Partners Realty Trust, Inc.)
