Liquid Funds definition

Liquid Funds means, in respect of the relevant period, the aggregate of cash in hand held by members of the Group with banks or other financial institutions of at least investment grade rating which is free of any Security Interest;

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Liquid Funds means, at any time, cash at bank and credited to an account in the name of any member of the Group and to which the Guarantor is solely (or together with other members of the Group) beneficially entitled and for so long as such cash has not been blocked due to the existence and/or enforcement of any Security Interest held by any bank or any other third party or otherwise unless such cash is held in such account charged, as the case may be, by way of a floating charge for the purposes of meeting minimum liquidity requirements in the context of any financing arrangement of the Group.

Liquid Funds means, in respect of an Accounting Period:

Examples of Liquid Funds in a sentence

• This substantial increase also explains the increase in “Total Income”, “Subventions from UGC”, “Current Assets”, “Total "Liquid" Funds / Reserves” and “Cash and Bank Deposits”.

• The Borrower shall ensure that throughout the Security Period each Owner maintains on the Earnings Account relative to its Ship a credit balance of not less than $500,000 and such balance shall be included in the calculation of the Liquid Funds of the Fleet Vessels pursuant to Clause 11.5(b).

• The actual amount of the Liquid Funds of LNSM as of the Completion Date (excluding any amount set forth in clause 9.8(d)(i)(B)) (the “Completion LNSM Liquid funds”) shall be at least equal to such amount set forth in the Disclosure Letter.

• The Borrower shall procure that Liquid Funds of not less than $400,000 for each of the Ships the subject of a Mortgage are maintained in accounts with the Lender.

More Definitions of Liquid Funds

Liquid Funds means, in respect of the relevant period, the aggregate of:

Liquid Funds means, as at the date of calculation or, as the case may be, for any accounting period, the aggregate of cash in hand held by the Guarantor and its subsidiaries with banks or other financial institutions of at least investment grade rating which is at the free and unrestricted disposal of the Guarantor and/or any of its subsidiaries, which is the holder thereof.

Liquid Funds means, measured at the end of an Accounting Period: (a) cash in hand or held with banks or other financial institutions of the Borrower and/or any other Security Party in Dollars or another currency freely convertible into Dollars, which is free of any security interest (other than a permitted security interest and other than ordinary bankers' liens which have not been enforced or become capable of being enforced); or (b) any other short-term financial investments which is free of any Security Interest (other than a permitted security interest), as stated in the then most recent accounting information delivered to the Administrative Agent hereunder;

Liquid Funds means, as at the date of calculation or, as the case may be, for any accounting period, the aggregate of any cash deposits legally or beneficially held by all members of the Group and including any funds held by the Agent and other banks from time to time as minimum liquidity requirements;

Liquid Funds means the shareholders funds of a broker-dealer and an investment adviser adjusted by deducting

Liquid Funds means cash and cash equivalents, including investments in marketable securities of the Company and/or wholly-owned subsidiaries. The Company shall furnish the Trustee with a confirmation by the Company’s senior financial officer regarding its liquid funds, together with a projected cash flow report indicating the Company’s ability to repay all of the Company’s anticipated obligations during the Cash Flow Period.

Liquid Funds means cash, cash equivalents and marketable securities.