Minimum Total Liquidity Clause Samples
The Minimum Total Liquidity clause sets a required baseline amount of liquid assets that a party, typically a borrower or company, must maintain at all times during the term of an agreement. This requirement is often monitored through regular financial reporting, and may specify acceptable forms of liquidity, such as cash or easily marketable securities, to ensure the assets are readily accessible. By enforcing a minimum liquidity threshold, the clause helps protect lenders or counterparties from the risk of insolvency or cash flow shortages, thereby ensuring the ongoing financial stability of the obligated party.
Minimum Total Liquidity. Guarantor’s Total Liquidity to be less than the greater of (x) $5,000,000 and (y) 5% of Guarantor’s Recourse Indebtedness, not to exceed $10,000,000; provided, that notwithstanding the foregoing or anything herein to the contrary, in the event Guarantor’s Total Liquidity shall equal or exceed $5,000,000 (such amount, the “Guarantor’s Actual Total Liquidity Amount”), then Guarantor may satisfy the difference between the minimum Total Liquidity requirement and the Guarantor’s Actual Total Liquidity Amount with Available Borrowing Capacity;
Minimum Total Liquidity. Guarantor shall at all times maintain Total Liquidity of no less than $20,000,000.
Minimum Total Liquidity. Permit the Total Liquidity as of the close of business on Friday of each week (or if any Friday is not a Business Day, on the immediately preceding Thursday) to be less than $4,000,000.
Minimum Total Liquidity. Guarantor’s Total Liquidity to be less than the greater of (x) $5,000,000 and (y) 5% of Guarantor’s Recourse Indebtedness, not to exceed $10,000,000; provided, that notwithstanding the foregoing or anything herein to the contrary, in the event Guarantor’s Total Liquidity shall equal or exceed $5,000,000 (such amount, the “Guarantor’s Actual Total Liquidity Amount”), then Guarantor may satisfy the difference Second Amended and Restated Substitute Guaranty Agreement between the minimum Total Liquidity requirement and the Guarantor’s Actual Total Liquidity Amount with Available Borrowing Capacity;
Minimum Total Liquidity. Permit the Total Liquidity as of the close of business on any Total Liquidity Measurement Date to be less than the corresponding amount indicated below:
Minimum Total Liquidity. Commencing with the month ending November 30, 2021, Borrower shall maintain Total Liquidity at all times of not less than $2,500,000, of which no less than $1,000,000 shall be in the form of unrestricted cash of the Borrower held in a deposit account at Bank and subject to a first priority perfected Lien in favor of Bank.
Minimum Total Liquidity. Permit or cause the Liquidity to be less than $2,000,000.
Minimum Total Liquidity. Commencing with the second full fiscal quarter ending after the Closing Date until the end of the third full fiscal quarter ending after the Closing Date, Guarantor shall maintain, as of the last day of each such fiscal quarter following the Closing Date, Total Liquidity in an amount not less than $5,000,000. Commencing with the fourth full fiscal quarter following the Closing Date, Guarantor shall maintain, as of the last day of any fiscal quarter (commencing with the fourth full fiscal quarter following the Closing Date), Total Liquidity in an amount not less than $20,000,000.
Minimum Total Liquidity. As of the last day of each fiscal quarter end, Borrower shall cause GSI Guarantor to maintain a Total Liquidity of not less than $30,000,000.00.
Minimum Total Liquidity. The minimum Total Liquidity calculated with respect to Parent shall not be less than (x) with respect to the Fiscal Quarters ending December 31, 2025 and March 31, 2026, Five Million Dollars ($5,000,000) measured as of the last day of each such Fiscal Quarter and (y) with respect to each Fiscal Quarter thereafter, Twenty Million Dollars ($20,000,000) measured as of the last day of each Fiscal Quarter.