Consolidated Liquidity Ratio means, as of any date of determination, the ratio of (a) the sum of Consolidated Current Assets (excluding Temporary Excess Cash) plus the Revolving Facility Liquidity Amount to (b) the sum of (i) Consolidated Current Liabilities (but excluding, without duplication and only to the extent such amounts would otherwise have been included in this clause (b)(i), (A) such Consolidated Current Liabilities consisting of any holder put right, balloon, bullet or similar final scheduled principal payment that would repay any Indebtedness permitted by Section 7.03 in full, other than any such holder put right, balloon, bullet or final payment which is due within ninety (90) days following such date of determination, and (B) any Temporary Indebtedness) plus (ii) without duplication, Indebtedness (whether or not reflected as a Consolidated Current Liability) under all floorplan financing arrangements.
Consolidated Liquidity Ratio means, with respect to the Borrower and its Subsidiaries, the ratio of (a) “cash and cash equivalents” plus “accounts receivable” plus “unbilled revenues” minus “deferred revenues” (each as defined in the Borrower and its Subsidiaries’ consolidated balance sheet) minus $5,000,000 minus the aggregate amount of cash collateral provided as credit support to secure Indebtedness permitted by Section 7.03(m) to (b) Consolidated Funded Indebtedness of the Borrower and its Subsidiaries.
Consolidated Liquidity Ratio means, as of any date of determination, the ratio of (a) the sum of (i) unencumbered cash and Cash Equivalents the Borrower and its Subsidiaries on a Consolidated basis as of such date and (ii) Net Accounts Receivable of the Borrower and its Subsidiaries on a Consolidated basis to (b) Consolidated Funded Indebtedness as of such date.
Examples of Consolidated Liquidity Ratio in a sentence
Permit the Consolidated Liquidity Ratio as of the end of any fiscal quarter (or at the request of the Administrative Agent, as of the end of any calendar month) to be less than 1.05 to 1.00.
Permit the Consolidated Liquidity Ratio to be less than 0.75:1.00, at any time.
Permit the Consolidated Liquidity Ratio as of the end of any fiscal quarter of the Borrower to be less than 1.25 to 1.0.
Notwithstanding the foregoing, Live Universe may invest up to $225,000 in convertible secured notes having the same terms as this Note, and Borrower may raise an additional aggregate amount of up to $200,000 from Cottle Properties and/or K5 Leisure Products, Inc.
Permit the Consolidated Liquidity Ratio to be less than 1.00:1.00, at any time.
More Definitions of Consolidated Liquidity Ratio
Consolidated Liquidity Ratio means, as of any date of determination, the ratio of (a) the sum of Consolidated Current Assets (excluding Temporary Excess Cash) plus the Revolving Facility Liquidity Amount (as defined in the Revolving Credit Agreement on the date hereof) to (b) the sum of (i) Consolidated Current Liabilities (but excluding, without duplication and only to the extent such amounts would otherwise have been included in this clause (b)(i), (A) such Consolidated Current Liabilities consisting of any holder put right, balloon, bullet or similar final scheduled principal payment that would repay any Indebtedness permitted by Section 7.03 in full, other than any such holder put right, balloon, bullet or final payment which is due within ninety (90) days following such date of determination, and (B) any Temporary Indebtedness) plus (ii) without duplication, Indebtedness (whether or not reflected as a Consolidated Current Liability) under all floorplan financing arrangements.
Consolidated Liquidity Ratio means, as of any date of determination, in respect of the Borrower and its Subsidiaries on a consolidated basis, the ratio of (a) the sum of cash plus cash equivalents plus trade accounts receivable net of doubtful or uncollectible accounts to (b) the sum of current liabilities (excluding deferred revenues) plus, without duplication, the Total Outstandings, as of such date.
Consolidated Liquidity Ratio means the ratio of (i) Consolidated Current Assets, to (ii) the aggregate Funded Debt of the Company and its Subsidiaries, excluding Subordinated Debt, computed on a consolidated basis in accordance with GAAP.
Consolidated Liquidity Ratio means, as of any date of determination, the ratio of (a) the sum of Consolidated Current Assets plus the Revolving Facility Liquidity Amount to (b) the sum of (i) Consolidated Current Liabilities plus (ii) Indebtedness (whether or not reflected as Indebtedness under GAAP) under all floorplan financing arrangements (but excluding (x) Total Revolving Outstandings and (y) liabilities arising under the 5.25% Convertible Senior Subordinated Notes due May 7, 2009 issued by the Guarantor in an initial aggregate principal amount of $149,500,000, other than such Total Revolving Outstandings and such liabilities under the 5.25% Convertible Senior Subordinated Notes which are scheduled to be due within the two (2) fiscal quarters following such date of determination).
Consolidated Liquidity Ratio means, as of each applicable date, the ratio of (a) the Liquid Asset Amount as of such date, to (b) Senior Funded Debt as of such date.
Consolidated Liquidity Ratio means the ratio of (a) the sum of (i) Consolidated Unrestricted Cash plus (ii) Consolidated Net Accounts Receivables to (b) the sum of, without duplication, (i) Consolidated Current Portion of Long Term Debt plus (ii) the Aggregate Letters of Credit Outstanding, other than cash secured letters of credit, plus (iii) Consolidated current liabilities, all as determined for the Company and its Subsidiaries on a Consolidated basis in accordance with Generally Accepted Accounting Principles, applied on a consistent basis.
Consolidated Liquidity Ratio means, as of any date of determination, the ratio of (a) the sum of Consolidated Current Assets (excluding Temporary Excess Cash) plus the Revolving Facility Liquidity Amount plus for purposes of calculating the Consolidated Liquidity Ratio on or before January 31, 2010 only, the Temporary Letter of Credit Amount, but only to the extent such Temporary Letter of Credit Amount was included in Total Outstandings as of such date) to (b) the sum of (i) Consolidated Current Liabilities (but excluding, without duplication and only to the extent such amounts would otherwise have been included in this clause (b)(i), (A) such Consolidated Current Liabilities consisting of any balloon, bullet or similar final scheduled principal payment that would repay any Indebtedness permitted by Section 7.03 in full, other than any such balloon, bullet or final payment which is due within one (1) fiscal quarter following such date of determination, and (B) any Temporary Indebtedness) plus (ii) without duplication, Indebtedness (whether or not reflected as a Consolidated Current Liability) under all floorplan financing arrangements.