Liquidity Cap definition

Liquidity Cap means an amount equal to [ *** ].
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Liquidity Cap means £[●] for 2021 and £[●] for 2022, and which shall apply on an aggregate basis for this Instrument together with all Similar Instruments.
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Liquidity Cap has the meaning set forth in Section 9.7(a).
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Examples of Liquidity Cap in a sentence

  • During any period prior to the credit of moneys to the Pennsylvania Intergovernmental Cooperation Authority Tax Fund, interest earned on moneys received by the department and paid to the State Treasurer pursuant to this chapter shall be deposited into the Pennsylvania Intergovernmental Cooperation Authority Tax Fund.

  • The Quarterly Liquidity Cap is likely to be lower (and may be 0) at the beginning of the Fund’s life (for example, in the first 24 months after it commences operations).

  • The Quarterly Liquidity Cap is more likely to be lower (and may be 0) at the beginning of the Fund’s life (for example, in the first24 months after it commences operations).Generally, redemption requests received by the last business day in the month preceding the end of quarter will be processed at the end of the quarter (for example, for a March quarter, redemption requests received by28 February will be processed).

  • While the Stockholders Agreement provides the potential opportunity for Liquidity Purchases, such transactions are subject to limitations including the availability of Available Cash and a Liquidity Cap (each as defined therein).

  • Schroders anticipates that the Quarterly Liquidity Cap will typically be approximately 5% of the NAV of the Fund, although this can vary from time to time and at times Schroders may not make any amounts available for these purposes.

  • New rules for the value added tax (VAT) are being discussed in the European Union, India and China, for example.

  • Where redemption requests are received for a quarter that in aggregate exceed the Quarterly Liquidity Cap, those redemption requests will be scaled back on a pro-rata basis (or such other fair and reasonable basis determined by Schroders).


More Definitions of Liquidity Cap

Liquidity Cap means £[·] for 2021 and £[·] for 2022, and which shall apply on an aggregate basis for this Instrument together with all Similar Instruments.
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Liquidity Cap has the meaning set forth in Section 7.2(f)(iv).
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Liquidity Cap means a number of shares equal to 30% of the sum of (x) all Management Shares held by a Management Stockholder as of the date of his or her Tender Notice, and (y) any shares of Common Stock to be issued upon settlement of restricted stock units or exercise of stock options occurring after the date of his or her Tender Notice and prior to the expiration of the applicable Liquidity Window; provided, however, that if a Management Stockholder is terminated by the Company without Cause, or resigns from his or her employment with the Company due to Retirement, or his or her employment with the Company is terminated due to his or her death or Disability prior to the due date for his or her Tender Notice, then the Liquidity Cap shall instead be a number of shares equal to (I) 50% of the sum of (x) all Management Shares held by such Management Stockholder as of the date of his or her Tender Notice, and (y) any shares of Common Stock to be issued upon settlement of restricted stock units or exercise of stock options occurring after the date of his or her Tender Notice and prior to expiration of the applicable Liquidity Window, for the first Liquidity Window following such termination, death or Disability, (II) a number of shares equal to 75% of the sum of (x) all Management Shares held by such Management Stockholder as of the date of his or her Tender Notice, and (y) any shares of Common Stock to be issued upon settlement of restricted stock units or exercise of stock options occurring after the date of his or her Tender Notice and prior to expiration of the applicable Liquidity Window, for the second Liquidity Window following such termination, death or Disability and (III) all Management Shares held by such Management Stockholder as of the date of his or her Tender Notice for each subsequent Liquidity Window; provided, further, that if the aggregate Book Value Per Share of all Management Shares held by a Management Stockholder as of the date of his or her Tender Notice is less than $100,000 as and when determined under Section 7.2(e), then all percentages in the foregoing definition shall be replaced with “100%”.
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Related to Liquidity Cap

  • Liquidity Capitalization means the number, as of immediately prior to the Liquidity Event, of shares of the Company’s capital stock (on an as-converted basis) outstanding, assuming exercise or conversion of all outstanding vested and unvested options, warrants and other convertible securities, but excluding: (i) shares of Common Stock reserved and available for future grant under any equity incentive or similar plan; (ii) any SAFEs; and (iii) convertible promissory notes.

  • Liquidity Amount means, as of any date of determination, the sum of (a) the Aggregate Borrowing Availability as of such date and (b) the Unrestricted Cash Amount as of such date.

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).

  • Minimum Liquidity Amount shall have the meaning assigned to such term in the Pricing Side Letter.

  • Liquidity Commitment means, as to each Committed Lender in any Conduit Group, its commitment to such Conduit Group’s Conduit under the Liquidity Agreements, (which shall equal 102% of such Conduit Group’s Percentage of the Aggregate Commitment hereunder).

  • Liquidity Ratio means, for any date of determination, the ratio of (a)(i) the aggregate amount of unrestricted and unencumbered cash (other than Liens in favor of Bank) held at such time by Borrower in Deposit Accounts maintained with Bank, plus (ii) accounts receivable determined according to GAAP for the Borrower and its consolidated Subsidiaries, divided by (b) the principal amount of outstanding Credit Extensions.

  • Liquidity Account Investments means Deposit Securities or any other security or investment owned by the Fund that is rated not less than A3 by Moody’s, A- by Standard & Poor’s, A- by Fitch or an equivalent rating by any other NRSRO (or any such rating’s future equivalent) or if not rated, determined by the Adviser to be of comparable quality.

  • Applicable Liquidity Rate has the meaning specified in Section 3.07(g).

  • Liquidity Account has the meaning set forth in Section 6.22(a).

  • Average Invested Capital of the Company shall mean the average of the aggregate historical cost of the consolidated assets of the Company and its subsidiaries, excluding the Transferred Assets, invested, directly or indirectly, in real estate or ownership interests in, and loans secured by, real estate and personal property owned in connection with such real estate (collectively, “Properties”) (including acquisition related costs and costs which may be allocated to intangibles or are unallocated), before reserves for depreciation, amortization, impairment charges or bad debts or other similar noncash reserves, computed by taking the average of such values at the beginning and end of the period for which Average Invested Capital is calculated.

  • Adjusted Invested Amount means, with respect to any date of determination, an amount equal to the Invested Amount less the Principal Funding Account Balance on such date of determination.

  • Cash Liquidity means, with respect to any Person, on any date of determination, the sum of (i) unrestricted cash, plus (ii) Available Borrowing Capacity, plus (iii) Cash Equivalents.

  • PIPE Investment Amount means the aggregate gross purchase price received by Acquiror prior to or substantially concurrently with Closing for the shares in the PIPE Investment.

  • Class B Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Class B Adjusted Invested Amount means, with respect to any date of determination, an amount equal to the Class B Invested Amount less the positive difference, if any, between the Principal Funding Account Balance and the Class A Invested Amount on such date.

  • Investment Amount means the dollar amount to be invested by Investor to purchase Put Shares with respect to any Put as notified by the Company to Investor in accordance with Section 2.2.

  • Available Equity Amount means a cumulative amount equal to (without duplication):

  • Liquidity Funding means (a) a purchase made by any Committed Lender pursuant to its Liquidity Commitment of all or any portion of, or any undivided interest in, an applicable Conduit’s Loans, or (b) any Loan made by a Committed Lender in lieu of such Conduit pursuant to Section 1.1.

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Spread Account Percentage means, (i) 0% if the Quarterly Excess Spread Percentage on such Payment Date is greater than or equal to 5.00%, (ii) 2.00% if the Quarterly Excess Spread Percentage on such Payment Date is less than 5.00% and greater than or equal to 4.50%, (iii) 2.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 4.50% and greater than or equal to 4.00%, (iv) 3.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 4.00% and greater than or equal to 3.50%, (v) 4.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 3.50% and greater than or equal to 3.00%, (vi) 5.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 3.00% and greater than or equal to 2.50%, (vii) 6.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 2.50% and greater than or equal to 1.50%, (viii) 7.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 1.50% and greater than or equal to 0.50% and (ix) 8.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 0.50%.

  • Class C Reserve Account Percentage means, for any Distribution Date on which a condition in the left column of the following table was in effect on the immediately preceding Distribution Date, the percentage in the corresponding right column of the following table (or if more than one conditions were in effect on the immediately preceding Distribution Date, the largest percentage). Condition: The three-month rolling average Excess Spread Percentage is: Class C Reserve Account Percentage:

  • Excess Available Funds Percentage means, with respect to any Transfer Date, the amount, if any, by which the Portfolio Yield for the preceding Monthly Period exceeds the Base Rate for such Monthly Period.

  • Collateral Amount means, on any Distribution Date, an amount equal to the Aggregate Outstanding Net Eligible Loan Balance less the aggregate of the Overconcentration Loan Amounts and the aggregate of the Loan Excess Advance Amounts, if any, after giving effect to all purchases of Loans on such date. Solely for purposes of calculating the “Collateral Amount,” the determination of whether a Loan is an “Eligible Loan” shall be made as if such Loan were sold on the date of such calculation; provided, however, that a Dealer Loan relating to a Dealer that, to the knowledge of the Servicer, has become insolvent after the sale of such Dealer Loan to the Issuer shall continue to constitute an “Eligible Dealer Loan” (assuming that such Dealer Loan would otherwise be an “Eligible Dealer Loan” on such date of determination if the applicable Dealer had not become insolvent) for purposes of calculating the “Collateral Amount” so long as (i) the characterization of such Dealer Loan as an “Eligible Dealer Loan” would not cause the percentage of the aggregate Net Loan Balance of all Dealer Loans relating to Dealers who are insolvent to exceed 2.5% of the Aggregate Outstanding Net Eligible Loan Balance and (ii) no bankruptcy court has entered an order (whether or not final), which order has not been vacated or overturned, stating that a person other than the Issuer (or the Servicer on the Issuer’s behalf) is entitled to receive any collections on that Dealer Loan or the Contracts relating thereto.

  • Aggregate Invested Amount means, as of any date of determination, the sum of the Invested Amounts of all Series of Certificates issued and outstanding on such date of determination.

  • Available Spread Account Amount means, for any Transfer Date, an amount equal to the lesser of (a) the amount on deposit in the Spread Account (exclusive of Investment Earnings on such date and before giving effect to any deposit to, or withdrawal from, the Spread Account made or to be made with respect to such date) and (b) the Required Spread Account Amount, in each case on such Transfer Date.

  • Available Liquidity means the credit balance on the DCA decreased by the amount of any processed reservations of liquidity or blocking of funds,