Liquidity Determination Date definition
Examples of Liquidity Determination Date in a sentence
On any Liquidity Determination Date, permit Consolidated Liquidity (reduced by the amount of the maximum payment required in connection with the applicable EC Judgment) to be less than US$100,000,000.
On any Liquidity Determination Date, permit Consolidated Liquidity (reduced by the amount of the maximum payment required in connection with any EC Judgment, but net of the aggregate amount of any payments made by, or bond or letter of credit posted by or issued on behalf of, WABCO or its subsidiaries in respect of such EC Judgment) to be less than US$200,000,000.
On each Liquidity Determination Date, the Company shall deliver to the Trustee an Officers' Certificate stating whether during the previous fiscal quarter the Company and the Guarantors failed to maintain Consolidated Cash and Cash Equivalents and Unused Availability equal to $5.0 million.
If the Company fails to deliver such an Officers' Certificate to the Trustee on any Liquidity Determination Date, for purposes of Section 4.22 hereof, the Company shall be deemed to have delivered an Officers' Certificate to the Trustee on such Liquidity Determination Date stating that the Company and the Guarantors failed to maintain Consolidated Cash and Cash Equivalents and Unused Availability equal to $5.0 million during the previous fiscal quarter.