Liquidity Covenant definition

Liquidity Covenant means that the Seller will have a minimum liquidity of $10,000,000, equal to unrestricted cash or Cash Equivalents.

Liquidity Covenant has the meaning specified in Section 7.09(b).

Liquidity Covenant as defined in Section 10.3.2.

Examples of Liquidity Covenant in a sentence

• The City will, or cause the Board to, provide to the Initial Purchaser audited financial statements and a compliance certificate attesting that no Events of Default have occurred, including a calculation of the coverage ratio under Section 406 hereof or the Minimum Liquidity Covenant under Section 902 hereof, as applicable, within six months after the end of each fiscal year ending in and after 2021.

• As soon as available, and in any case within fifteen (15) days of each month end, any and all bank, depositary and investment statements used to support compliance with Liquidity Covenant.

• At all times from and after the Closing Date, the Liquidity of the Lessee shall not be less than Minimum Liquidity Covenant Level Amount.

• Obligors shall not permit or cause the aggregate amount of Liquidity to be less than $5,000,000 at any time (the requirements hereof, the “Liquidity Covenant”, and, the Liquidity Covenant, together with the Budget Covenant, the “Financial Covenant”).

• Within 30 days after each Liquidity Covenant Test Date, a calculation of the average Liquidity of the Borrower and its Restricted Subsidiaries, taken as a whole, (determined in good faith by the Borrower) for the 45 consecutive days preceding the applicable Liquidity Covenant Test Date (a “Liquidity Report”).

More Definitions of Liquidity Covenant

Liquidity Covenant means that the Seller will have a minimum liquidity equal to the greater of (i) $10,000,000, equal to unrestricted cash or Cash Equivalents, and (ii) the minimum liquidity or similar covenant for the Seller set forth in any Oportun Comparable Facility.

Liquidity Covenant means the financial covenant set forth in Section 6.10(b).

Liquidity Covenant means that the Borrower and its Subsidiaries have Liquid Assets in an aggregate amount of at least $30,000,000.

Liquidity Covenant is defined in Section 6.9(b).

Liquidity Covenant means the Minimum Liquidity covenant in Section 7.5(b).

Liquidity Covenant means the covenant of the Issuer set forth in Section 8.11.

Liquidity Covenant means the covenant described in Paragraph 26(j).