Average Liquidity definition

Average Liquidity means, for any period of determination, the quotient obtained by dividing (a) the sum of Liquidity for each day during the applicable period ending on the day immediately preceding such date of determination, by (b) the number of days in such period.

Average Liquidity means, for any period, the sum of the aggregate amount of Liquidity for each day in such period divided by the number of days in such period.

Average Liquidity means in respect of a Liquidity Test Period, the sum of Liquidity (as defined below) as of 5:00pm Swedish time on each Business Day in that Liquidity Test Period, divided by the number of Business Days in such Liquidity Test Period.

Examples of Average Liquidity in a sentence

• Permit (i) the Liquidity of the Parent and its Subsidiaries to be less than $5,000,000 at any time or (ii) the Average Liquidity of the Parent and its Subsidiaries to be less than $7,500,000 for any fiscal month of the Parent and its Subsidiaries ending during the period from May 1, 2020 through December 31, 2021.

• Agent hereby agrees that it will not issue such a "Notice of Exclusive Control" or equivalent notice to the applicable depository bank unless (x) an Event of Default has occurred and is continuing or (y) Average Liquidity, for any 30 day period, measured as of the end of any such period, is less than (I) $20,000,000, during the period commencing on the Closing Date and ending on September 30, 2012, or (II) $25,000,000, during the period from and after October 1, 2012.

• Credo Bank satisfies the NBG requirement on Average Liquidity Ratio.

• After the Availability Block Release Date, Average Liquidity shall equal or exceed at all times, $9,375,000.

• The average LCR for the period are as follows: QuarterQuarter endedended 30 June31 March 20152015 %%Average Liquidity Coverage Ratio 142.5 137.4 The liquidity position of the group remained strong in the first half of 2015.

More Definitions of Average Liquidity

Average Liquidity means, as of any date, the average, for the 20 calendar day period ending on the day immediately prior to the applicable calculation date, of the sum of (i) the aggregate Available Unused Commitment minus the face amount of letters of credit issued pursuant to Section 6.01(s), plus (ii) unrestricted cash (as determined in accordance with GAAP) of Holdings, the Borrower and its Subsidiaries.

Average Liquidity is added in proper alphabetical order:

Average Liquidity means, with respect to any period, the sum of the aggregate amount of Liquidity for each Business Day in such period (calculated as of the end of each respective Business Day) divided by the number of Business Days in such period.

Average Liquidity means, as of any date of determination, the sum of Borrowers’ Liquidity for each of the previous thirty (30) days, divided by thirty (30).

Average Liquidity shall have the meaning ascribed to such term from time to time in the Senior Revolving Credit Agreement.

Average Liquidity as of any date of determination, the average daily sum, without duplication, of (a) Liquidity and (b) the Loan Parties’ unrestricted cash on hand (as demonstrated to the reasonable satisfaction of the Agent and specifically excluding any cash on hand included in the calculation of Liquidity) for the immediately preceding thirty (30) days prior to such date. Bank of America: Bank of America, N.A., a national banking association, and its successors and assigns. Bank of America (Canada): Bank of America, N.A. (acting through its Canada branch). Bank of America Indemnitees: Bank of America, its Affiliates and their officers, directors, employees, attorneys and agents. Bank Product: any of the following products, services or facilities extended to any Loan Party by a Lender or any of its Affiliates: (a) Cash Management Services; (b) commercial credit card and merchant card services; and (c) other banking products, purchase cards, leases or services as may be requested by any Loan Party, other than Letters of Credit and Hedging Agreements; provided, however, that for any of the foregoing to be included as an “Obligation” for purposes of a distribution under Section 5.6.1, the Lender or Affiliate providing such Bank Product and the Loan Party Agent must have previously provided written notice to the Agent of (i) the existence of such Bank Product, (ii) the recommended maximum dollar amount of obligations arising thereunder to be included as a Canadian Bank Product Reserve or U.S. Bank Product Reserve, as applicable (“Bank Product Amount”), and (iii) the methodology to be used by such parties in determining the Bank Product Debt owing from time to time; provided, however, that no such notice shall be required with respect to any Bank Products provided by Bank of America or its Affiliates. The Bank Product Amount may be changed from time to time by the Agent (with respect to Bank Products provided by Bank of America or its Affiliates) or upon written notice to the Agent by the Lender or Affiliate providing the related Bank Product and Loan Party Agent. No additional Bank Product Amount may be voluntarily established or increased by the Loan Parties at any time that a Default or Event of Default exists, or if a reserve in such amount would cause an Overadvance. Bank Product Amount: as defined in the definition of Bank Product. Bank Product Debt: Debt and other obligations of a Loan Party relating to Bank Products. BIA: the Bankruptcy and Insolvency Act, R.S.C. 1985,...

Average Liquidity means, for any week, an amount equal to (i) the sum of Liquidity as determined as of the close of business for each Business Day in such week divided by (ii) the number of Business Days in such week.