Minimum Liquidity Level Sample Clauses

Minimum Liquidity Level. The Trust shall be required to have, as of each Valuation Date, Dividend Coverage Assets with respect to each share of RP having a Discounted Value not less than the Dividend Coverage Amount with respect to such share.
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Minimum Liquidity Level. Borrower shall maintain through September 30, 1998 one of the following minimum liquidity levels (the "Minimum Liquidity Level"): (a) the following cash on hand: at 9/30/97: $2,500,000; at 12/31/97: $2,500,000; at 3/31/98: $2,000,000; at 6/30/98: $1,500,000; at 9/30/98 and beyond: none; or (b) a Current Ratio of not less than 0.35:1 at any time, notwithstanding that such Current Ratio will be tested by Lender on quarterly basis during a calendar year. The failure of the Borrower to maintain compliance with the Minimum Liquidity Level shall not constitute an Event of Default under any Loan Document, provided, however, that if the Borrower is not in compliance with the Minimum Liquidity Level, then Borrower shall not and will not permit any Cash Payment to be made to, and will not make or permit to be made any Investment to or in, any Affiliate or Guarantor until such time that Borrower is in full compliance with the Minimum Liquidity Level.
Sample 1
Minimum Liquidity Level. Reserved.
Sample 1

Related to Minimum Liquidity Level

  • Minimum Liquidity The Borrower shall not permit Liquidity at any time to be less than $50,000,000.

  • Minimum Current Ratio Permit the Current Ratio at the end of any fiscal quarter to be less than 1.00 to 1.00.

  • Liquidity Ratio A Liquidity Ratio of at least 1.50 to 1.00.

  • Maximum Leverage Permit, as of any fiscal quarter end, the ratio of (a) Adjusted Portfolio Equity as of such fiscal quarter end to (b) Funded Debt as of such fiscal quarter end, to be less than 5.00 to 1.00.

  • Minimum Interest Coverage Ratio The Borrowers shall not permit the Interest Coverage Ratio, calculated as of the end of each fiscal quarter for the four fiscal quarters then ended, to be less than 3.50 to 1.00.

  • Minimum Cash A. Minimum daily balance of cash and Permitted Cash Equivalent Investments of Borrower and its Subsidiaries during the most recently ended fiscal quarter of Borrower: $

  • Minimum Excess Availability Borrower shall have Excess Availability under the Revolving Credit Loans facility of not less than the amount specified in the Schedule, after giving effect to the initial advance hereunder and after giving effect to any applicable Loan Reserves against borrowing availability under the Revolving Credit Loans.

  • Maximum Leverage Ratio As of the last day of each fiscal quarter, the Borrower shall not permit the ratio (the "Leverage Ratio") of (i) Consolidated Funded Indebtedness to (ii) EBITDA of the Borrower and its Subsidiaries, as at the end of and for the period of four consecutive fiscal quarters ending on such day, to be greater than (i) 2.00 to 1.00.

  • Minimum Cash Balance Licensee shall fund the Facility Checking Account --------------------- with an initial amount equal to $25,000.00 and thereafter Licensee shall provide the working capital required by Section I(H) of this Agreement

  • Quick Ratio A ratio of Quick Assets to Current Liabilities of at least 2.00 to 1.00.

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