Adjusted Liquidity definition

Adjusted Liquidity is, as of any date of determination, an amount equal to (i) Liquidity, as of such date, less (ii) Capital Reserve Requirements, as of such date, plus (iii) Premium Accounts Receivables.

Adjusted Liquidity means, at any time of determination, the sum of (i) unrestricted cash and Cash Equivalents of the Loan Parties maintained in deposit accounts located in the United States and Canada at such time (including, for the avoidance of doubt, any cash or Cash Equivalents subject to a Lien in favor of the Agent for the benefit of the Secured Parties), (ii) Excess Availability at such time and (iii) the unused portion of any “Incremental Term Loan Commitments” and “Incremental Delayed Draw Term Loan Commitments” (in each case, under and as defined in the Term Loan Agreement) at such time.

Adjusted Liquidity means, at any time of determination, the sum of (a) unrestricted cash and Cash Equivalents of the Loan Parties maintained in deposit accounts located in the United States and Canada at such time (including, for the avoidance of doubt, any cash or Cash Equivalents subject to a Lien in favor of the Agent for the benefit of the Secured Parties), (b) Excess Availability at such time and (c) the unused portion of any Incremental Term Loan Commitments and Incremental Delayed Draw Term Loan Commitments at such time.

Examples of Adjusted Liquidity in a sentence

• If the Adjusted Liquidity Price is included in the calculation of the FALCON Transfer Price for any Receivable Interest, each Investor agrees that the Agent shall pay to FALCON the Reduction Percentage of any Discount received by the Agent with respect to such Receivable Interest.

• If the Adjusted Liquidity Price is included in the calculation of the Falcon Transfer Price for any Receivable Interest, each Investor agrees that the Agent shall pay to Falcon the Reduction Percentage of any Discount or Funding Charges received by the Agent with respect to such Receivable Interest.

• Borrower shall maintain, at all times (and tested at any and all times) from and after the December 2011 Amendment Date, Adjusted Liquidity (as defined below) of not less than $250,000.00.

• If the Adjusted Liquidity Price is included in the calculation of the Conduit Transfer Price for any Purchaser Interest, each Financial Institution agrees that the Agent shall pay to Conduit the Reduction Percentage of any Yield received by the Agent with respect to such Purchaser Interest.

• The Loan Parties shall during the Waiver Period (i) at all times cause minimum Liquidity to be no less than $1,500,000, (ii) as of the last Business Day of any week, cause minimum Adjusted Liquidity to be no less than $1,500,000, and (iii) promptly notify the Agents and the Lender Parties if (A) Liquidity is less than $2,000,000 at any time or (B) Adjusted Liquidity is less than $2,000,000 as of the last Business Day of any week.

More Definitions of Adjusted Liquidity

Adjusted Liquidity means, as of any date of determination, an amount equal to the sum of Liquidity plus 50% of Excess Availability as of the last day of the fiscal quarter of the Borrower most recently ended.

Adjusted Liquidity means Cash in Bank, plus 80% of the most recently reported Eligible Accounts, plus 10% (up to a maximum of $300,000) of the most recently reported Inventory held less than 90 Days.

Adjusted Liquidity means, as of any date of determination, the sum of (a) “Availability” (as defined in the ABL Credit Agreement as the same may be amended, supplemented or otherwise modified from time to time in compliance with the Intercreditor Agreement) as of such date plus (b) unrestricted cash and Cash Equivalents of the Loan Parties that is deposited in a Deposit Account or Securities Account, as applicable, subject to a first priority perfected lien (subject only to Permitted Liens permitted under clauses (b) and (n) of the definition thereof) in favor of the Controlling Agent as of such date.

Adjusted Liquidity means, as of any date of determination, an amount equal to (a) unrestricted cash of Client, plus (b) the face amount of all Accounts of Client net of reserves for bad debt, minus (c) the Obligations, minus (d) all accrued and unpaid payroll and payroll tax liability of Client.

Adjusted Liquidity means, as of any date of determination, the sum of the Excess Availability (as defined below) plus Borrower’s unrestricted cash on deposit at Bank. As used herein, the term “Excess Availability” means, as of any date of determination, an amount equal to the result of (1) the lower of (y) the maximum Revolving Line amount) and (z) the Borrowing Base, minus (2) the aggregate amount of all outstanding Advances and all applicable Reserves.”

Adjusted Liquidity means FIC's unencumbered cash and Cash Equivalents plus the sum of the unused borrowing availability under this Agreement or any of the Borrowers' other committed mortgage warehouse credit facilities (including repurchase facilities) to the extent (if any) that the collateral value of Eligible Collateral that has been pledged to secure the Borrowers' debt to the lender(s) under such facilities exceeds the outstanding borrowings thereunder.

Adjusted Liquidity means the result of (a) the amount of Qualified Cash plus (b) Availability.