Liquidity definition

Liquidity means, on any date of determination, an amount equal to the sum of (i) the Unrestricted Cash Amount plus (ii) the aggregate amount of the unused revolving commitments or committed working capital lines available to the Borrower on such date (including the Revolving Commitments then available for Borrowings hereunder).

Liquidity means the amount of Unrestricted cash and Cash Equivalents of the Borrower and its Restricted Subsidiaries, plus the Revolving Commitments then in effect, minus the Aggregate Total Exposure.

Liquidity means as of any date of determination, the sum of (i) Unrestricted Cash of the Designated Company and its Restricted Subsidiaries as of such date plus (ii) unutilized and available commitments under the Revolving Credit Agreement.

Examples of Liquidity in a sentence

• Each of the Seller and WESCO hereby acknowledges that the Purchasers, the Purchaser Agents, the Administrator and the Liquidity Providers are entering into the transactions contemplated by this Agreement and the other Transaction Documents in reliance upon the Seller’s identity as a legal entity separate from WESCO and its Affiliates.

• The International Islamic Liquidity Management Corporation (hereinafter referred to as ―the IILM‖) is hereby established as a supranational institution limited by shares with such objectives, functions and powers as provided in these Articles of Agreement.

• The Seller shall not be required to reimburse the Administrator for such audits more frequently than once per year unless (x) a Termination Event has occurred and is continuing, (y) WESCO or Holdings ceases to have a rating of at least “B-” by Standard and Poor’s on its respective corporate credit rating or (z) Holdings’ Available Liquidity fails to exceed $100,000,000).

• The Obligors shall at all times maintain the Minimum Liquidity Amount in cash and/or Permitted Cash Equivalent Investments in, at all times after the Account Control Agreement Completion Date, one or more Controlled Accounts that is free and clear of all Liens, other than Liens granted under the Loan Documents in favor of the Administrative Agent and Liens permitted under Section 9.02(i) and (u).

• The Servicer shall not be required to reimburse the Administrator for such audits more frequently than once per year unless (x) a Termination Event has occurred and is continuing, (y) WESCO or Holdings ceases to have a rating of at least “B-” by Standard and Poor’s on its respective corporate credit rating or (z) Holdings’ Available Liquidity fails to exceed $100,000,000).

More Definitions of Liquidity

Liquidity means with respect to any Person, the sum of (i) its unrestricted cash, plus (ii) its unrestricted Cash Equivalents, plus (iii) the aggregate amount of unused capacity available to such Person (taking into account applicable haircuts) under committed mortgage loan warehouse and servicer advance facilities for which such Person has unencumbered eligible collateral to pledge thereunder.

Liquidity means, as of any date of determination, the sum of (x) the Loan Parties’ unrestricted domestic cash and Cash Equivalents plus (y) availability under the Revolving Credit Facility.

Liquidity means a liquid investment that can be bought and sold on a public market. Liquidity also refers to how easy it is to convert an investment to cash at a reasonable price.

Liquidity means, as of any date of determination, the sum of (a) the aggregate amount of unrestricted cash and Cash Equivalents owned by the Borrower or any Restricted Subsidiary and held in deposit accounts or securities accounts that are subject to Account Control Agreements granting the Collateral Agent a first priority perfected lien, plus (b) the aggregate amount of Revolving Commitments then in effect minus the Revolving Exposure of all Lenders at such time hereunder.

Liquidity means, at any time, the sum of (a) Combined Availability and (b) unrestricted cash held at such time in Deposit Accounts subject to Control Agreements.

Liquidity means, as of any date of determination, the sum of (a) Undrawn Availability on such date, plus (b) the aggregate amount of all Qualified Cash on such date.

Liquidity means, at any time, an amount determined for the Borrower equal to the sum of unrestricted cash-on-hand and Cash Equivalent Investments of the Borrower, to the extent held in a Controlled Account located in the United States.