Liquidity Coverage definition

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

• Basel III provides for a substantial strengthening of existing prudential rules, including new requirements intended to reinforce capital standards (with heightened requirements for global systemically important banks) and to establish a leverage ratio "backstop" for financial institutions and certain minimum liquidity standards (referred to as the Liquidity Coverage Ratio ("LCR") and the Net Stable Funding Ratio ("NSFR")).

• Basel III provides for a substantial strengthening of existing prudential rules, including new requirements intended to reinforce capital standards (with heightened requirements for global systemically important banks) and to establish a leverage ratio “backstop” for financial institutions and certain minimum liquidity standards (referred to as the Liquidity Coverage Ratio (“LCR”) and the Net Stable Funding Ratio (“NSFR”)).

• Explanations on Liquidity Risk Management and Liquidity Coverage Ratio (Continued)2.

• The U.S. Liquidity Coverage Ratio rule (“LCR rule”) requires certain U.S. banking organizations (“Covered Companies”), including the Firm and its U.S. Bank Subsidiaries, to maintain on each business day an amount of high-quality liquid assets (“HQLA”) that are unencumbered and controlled by the Covered Company’s liquidity management function (“eligible HQLA”) sufficient to meet their total stressed net cash outflows over a prospective 30 calendar-day period, as calculated in accordance with the LCR rule.

• This limit is currently applied to the Bank’s Standing Liquidity Facility and the Liquidity Coverage Ratio under Basel III.

More Definitions of Liquidity Coverage

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: CDN$, determined as follows: (note – must not be less than CDN$3,000,000) Unrestricted Cash: ; plus Facility A Available Commitment: .

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." 1.7 Section 13 (Definitions). The definition of "Committed Revolving Line" is amended and restated in its entirety as follows: "Committed Revolving Line" is $50,000,000 minus the aggregate outstanding principal amount of all Term Advances. 1.8 Section 13 (Definitions). The definition of "Revolving Maturity Date" is amended and restated in its entirety as follows: "Revolving Maturity Date" is April 30, 2008. 1.9 Section 13 (Definitions). The definition of "Tangible Net Worth" is amended and restated in its entirety as follows:

Liquidity Coverage is the ratio of Liquidity to the aggregate value of all Obligations owed by Borrower to Bank.

Liquidity Coverage means a ratio of unrestricted cash (and equivalents) deposited with Silicon or invested with Silicon's affiliates plus the loan value of accounts (the Advance Rate multiplied by the Borrower's Eligible Accounts) under the Accounts Loan divided by all outstanding Obligations. "Adjusted Quick Ratio" shall mean, on any given date, the a ratio of (i) Borrower's Quick Assets to (ii) Borrower's Current Liabilities less deferred revenues plus the then outstanding principal balance of the Accounts Loan. "Current assets", "current liabilities" and "liabilities" shall have the meaning ascribed thereto by GAAP.

Liquidity Coverage means a ratio of unrestricted cash (and equivalents) deposited with Silicon or invested with Silicon’s affiliates plus the loan value of accounts (the Advance Rate multiplied by the Borrower’s Eligible Accounts) under the Accounts Loan divided by all outstanding Obligations.

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.