Free Liquidity definition

Free Liquidity means, at any date of determination, the aggregate of the Cash Balance and any Commitments under this Agreement or any other amounts available for drawing under other revolving or other credit facilities of the NCLC Group, which remain undrawn, could be drawn for general working capital purposes or other general corporate purposes and would not, if drawn, be repayable within six months.

Free Liquidity means, at any date of determination, the aggregate of the Cash Balance or any other amounts available for drawing under other revolving or other credit facilities of the Group, which remain undrawn, could be drawn for general working capital purposes or other general corporate purposes and would not, if drawn, be repayable within six months;

Free Liquidity means cash, cash equivalents and marketable securities to which the Borrower and/or its Subsidiaries shall have free, immediate and direct access each as reflected in the Borrower's most recent Borrower's Accounts.

Examples of Free Liquidity in a sentence

• The Parent Guarantor The Parent Guarantor at any time during the Loan Period has a Free Liquidity of less than USD 25,000,000.-, This Clause 20.22 shall not be applicable after the IPO Prepayment – Loan A and the IPO Prepayment – Loan B have occurred.

• Any breach of this Clause 20.29 shall automatically be repaired if the KNOT Group’s consolidated Free Liquidity is more than USD 75,000,000.-.

• The KNOT Group (on a consolidated basis (including shipowning companies owned more than 10 % on the gross method (actual share of EBITDA—KNOT Group, interest and debt)) any time during the Loan Period has a Free Liquidity of less than 4% of its Interest Bearing Debt measured quarterly.

• The Group (on a consolidated basis) shall at all times as long as it is a Guarantor under this Agreement maintain a Free Liquidity equal to or greater than four per cent.

• Any breach of the covenants set out in this Clause 23.2 shall be automatically repaired if the Group’s consolidated Free Liquidity is more than USD 75,000,000.

More Definitions of Free Liquidity

Free Liquidity means (i) the fair market value of those Compartment Assets which are held in Liquid Assets, less (ii) an amount which is in the reasonable discretion of the Administration and Calculation Agent required as a provision to cover any future Compartment Expenses.

Free Liquidity means the aggregate value of;

Free Liquidity means, at any time, cash, cash equivalents and marketable securities (with investment grade rating from S&P and/or Xxxxx’x Investors Service) of maturities less than one (1) year, to which the Group shall have free, immediate and direct access each as reflected in the Issuer’s most recent quarterly, consolidated financial statements. For the avoidance of doubt, Free Liquidity shall not be subject to any Encumbrance.

Free Liquidity means at any time the sum of (x) the unrestricted cash and Cash Equivalents held by the Borrower and its Subsidiaries at such time and (y) the Total Unutilized Revolving Loan Commitment at such time.

Free Liquidity means the sum of Free and Available Cash plus Undrawn Revolving Credit Lines.

Free Liquidity means, in respect of the Group on a consolidated basis, the aggregate value of:

Free Liquidity means the aggregate of unencumbered (other than pursuant to a Security Document) cash and Cash Equivalents to which any member of the Group has free, immediate and direct access without netting and set-off arrangements (other than with the Lenders) and which (for the avoidance of doubt) shall not include any additional security given or cash paid to the Security Agent pursuant to Clause 17.5 or any sums standing to the credit of the Reserve Account.