Liquidity Factor definition

Liquidity Factor means the percentages applied to reduce Eligible Accounts by payor class based upon Borrowers’ actual recent collection history for each such payor class in a manner consistent with Agent’s underwriting practices and procedures. Agent may adjust such Liquidity Factors at any time in the exercise of its Permitted Discretion.
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Liquidity Factor means, with respect to any conversion other than pursuant to a Special Conversion Event, an amount equal to (i) 0.90 if the Conversion Date for such conversion falls 60 days or more after a Change of Control Conversion Event, or (ii) 1.00 if the Conversion Date does not fall 60 days or more after the occurrence of a Change of Control Conversion Event.
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Liquidity Factor means (i) total cash collections divided by (ii) (A) gross revenue minus (B) dilution, calculated as of a trailing twelve month period, as determined by Agent based on the most recent field examination obtained by Agent.
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Examples of Liquidity Factor in a sentence

  • Without in any way limiting the immediately preceding sentence, Agent acknowledges and agrees, that as of the Closing Date, based off of the Borrower’s recent collection history, Agent shall adjust the Borrowing Base by applying a Liquidity Factor of ninety percent (90%) to all Eligible Accounts of the Borrower other than Eligible Accounts arising from the Novartis Agreement, which Eligible Accounts shall not be subject to the application of a Liquidity Factor at the Closing Date.

  • The Ceding Company shall not force termination under the provisions of this Article solely to avoid the provisions regarding recapture in Article VII, or to transfer the reinsured policies to another reinsurer.


More Definitions of Liquidity Factor

Liquidity Factor. For any Loan and any Obligor, the percentage determined for ---------------- such Loan and/or Obligor by the Evaluator in accordance with the Credit and Collection Policy and set forth in the List of Loans, reflecting the Evaluator's good faith assessment of the actual liquidity of such Obligor's receivables.
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Liquidity Factor means a percentage representative of cash collections to net ▇▇▇▇▇▇▇▇ by payor, by site, or by other classification as determined by an independent auditor acceptable to Lender. The Liquidity Factor shall be subject to change during the term of this Agreement at the sole discretion of Lender based upon factually based credit criteria, including, among other things, actual monthly cash collections recognized on gross patient ▇▇▇▇▇▇▇▇ as determined by an independent auditor acceptable to Lender. The Liquidity Factor as of the Closing Date will be 90%.
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Related to Liquidity Factor

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

  • Liquidity Facility “Loan Trustee”, “Long-Term Rating”, “Non-Extended Facility”, “Operative Agreements”, “Participation Agreements”, “Performing Equipment Note”, “Person”, “Pool Balance”, “Rating Agencies”, “Regular Distribution Date”, “Replacement Liquidity Facility”, “Responsible Officer”, “Series A Equipment Notes”, “Scheduled Payment”, “Short-Term Rating”, “Special Payment”, “Stated Interest Rate”, “Subordination Agent”, “Taxes”, “Threshold Rating”, “Trust Agreement”, “Trustee”, “Underwriters”, “Underwriting Agreement” and “United States”.

  • Class A Liquidity Facility has the meaning set forth in the Intercreditor Agreement.

  • Interest Factor means monthly compounding, discounting or annuitizing, as applicable, at a rate set forth in Exhibit A.

  • Capacity factor means the ratio of the average load on a machine or equipment for the period of time considered to the capacity rating of the machine or equipment.