Liquidity Coverage means, at any time:
Liquidity Coverage means unrestricted and unencumbered cash and cash equivalents held at Bank plus 30% of the invoice cost of forklifts financed or to be financed by Bank excluding taxes, shipping, warranty charges, freight discounts and installation expense; and “Cash Burn” means net income before any deduction for amortization and depreciation.
Liquidity Coverage. Commencing with the month ending July 31, 2006, through September 30, 2006, Borrower shall maintain Liquidity Coverage of not less than 1.0 to 1.0. Commencing with the month ending October 31, 2006, Borrower shall maintain Liquidity Coverage of not less than 1.5 to 1.0.
Examples of Liquidity Coverage in a sentence
This measure has been disclosed in this document in accordance with OSFI Guideline – Public Disclosure Requirements for Domestic Systemically Important Banks on Liquidity Coverage Ratio (April 2015).
Liquidity Coverage Ratio Our calculation methodology for the LCR is prescribed by FINMA and uses a three-month average that is measured using daily calculations during the quarter.
Daily Liquidity Coverage Ratio (LCR) and quarterly Net Stable Funding Ratio (NSFR) are calculated and monitored, and relevant information is provided in accordance with the disclosure standards of the Basel Committee on Banking Supervision (BCBS).
We monitor the Liquidity Coverage Ratio (LCR), as it refers to free and highly liquid assets and net cash outflows over a 30-day period and is calculated based on the methodology defined by Circular No. 3,749, of the Central Bank of Brazil, in line with international guidelines.
Borrower shall at all times maintain a minimum Term Liquidity Coverage of at least 1.75:1.0.
More Definitions of Liquidity Coverage
Liquidity Coverage is: CDN$, determined as follows: (note – must not be less than CDN$3,000,000) Unrestricted Cash: ; plus
Liquidity Coverage is hereby amended and restated in its entirety to read: Borrower shall maintain, as of the last day of each calendar month, a ratio of (a)(i) unrestricted cash and cash equivalents plus (ii) 80% of Eligible Accounts minus (iii) outstanding Revolving Advances of not less than (b)(i) two (2) times the aggregate outstanding amount of all Equipment Advances and Non-Revolving Advances under Section 2.2 and 2.3 through the month ending June 30, 1999, then (ii) 1.5 times the aggregate outstanding amount of all Equipment Advances and Non-Revolving Advances under Section 2.2. and 2.3 through the month ending December 31, 1999, then (iii) two (2) times the aggregate outstanding amount of all Equipment Advances and Non-Revolving Advances under Section 2.2. and 2.3, thereafter. Notwithstanding the foregoing, at such time as Borrower achieves a Debt Service Coverage ratio of 1.50 to 1.00 for two (2) consecutive quarters, the Liquidity Coverage shall be replaced by a Debt Service Coverage ratio of 1.50 to 1.00, measured on a quarterly basis.
Liquidity Coverage is defined as Borrower's unrestricted cash balances, plus 80% of Borrower's eligible accounts receivable (or 60% of Borrower's total accounts receivable if less than $1,000,000 is outstanding under the Committed Revolving Line), less the balance outstanding under the Committed Revolving Line, divided by the principal balance of the Committed Term Loan. "LOAN DOCUMENTS" are, collectively, this Agreement, any note, or notes or guaranties executed by Borrower or Guarantor, and any other present or future agreement between Borrower and/or for the benefit of Bank in connection with this Agreement, all as amended, extended or restated.
Liquidity Coverage. As measured at the last day of each fiscal month of Borrower, a ratio of (1) unrestricted cash and Cash Equivalents plus (i) short-term and long-term, marketable securities of Borrower, plus (ii) twenty-five percent (25%) of Accounts minus (iii) outstanding Cash Management Services, and minus (iv) the FX Reserve divided by (2) the aggregate amount of the Obligations, of not less than 1.00 to 1.00 as measured at the last day of each calendar month through May 31, 2006 and 1.25:1.00 thereafter."
Liquidity Coverage. A ratio of (1) unrestricted cash and Cash Equivalents plus (i) short-term, marketable securities of Borrower, minus (ii) outstanding Cash Management Services, and minus (iii) the FX Reserve divided by (2) the aggregate amount of the Obligations, of not less than 1.00 to 1.00 as measured at the last day of each calendar month that is not also a quarter end, and not less than 1.25 to 1.00 as measured at the last day of each quarter.”
Liquidity Coverage is defined in Section 6.7. "Loan Documents" are, collectively, this Agreement, any note, or notes or guaranties executed by Borrower or Guarantor, and any other present or future agreement between Borrower and/or for the benefit of Bank in connection with this Agreement, all as amended, extended or restated.
Liquidity Coverage is a ratio of Borrower's unrestricted cash (and equivalents, including marketable securities) held with or through Bank plus 50% of Borrower's gross accounts receivables divided by Borrower's outstanding Obligations. "LOAN DOCUMENTS" are, collectively, this Agreement, any note, or notes or guaranties executed by Borrower or Guarantor, and any other present or future agreement between Borrower and/or for the benefit of Bank in connection with this Agreement, all as amended, extended or restated.