Liquidity Financial Covenant definition

Liquidity Financial Covenant shall have the meaning provided in Section 6.11(c).
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Liquidity Financial Covenant has the meaning assigned to such term in Section 6.15(a)(i).
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Examples of Liquidity Financial Covenant in a sentence

  • Upon execution of the Amendment, Borrower and Lender agree that any non-compliance or violation of the Adjusted Leverage Ratio (Financial Covenant (b) of the Commitment), the Maximum Ratio of Total Liabilities to Tangible Net Worth (Financial Covenant (c) of the Commitment Letter) or Maximum Liquidity (Financial Covenant (d) of the Commitment Letter) on or after December 31, 2005 and up to the date of the Amendment are hereby waived.

  • Revolving Credit Facility The Required Revolving Lenders under the Existing Credit Facility to consent to the modifications of the Minimum Liquidity Financial Covenant and the Maximum Net First Lien Leverage Ratio Financial Covenant specified herein, and waiver of the requirement to deliver an audit that is not subject to a “going concern” explanatory paragraph or like statement for the fiscal years ending December 31, 2022 and December 31, 2023 and December 31, 2024.

Related to Liquidity Financial Covenant

  • Financial Covenant means the covenant set forth in Section 7.09.

  • Financial Covenants means the covenants set forth in Section 6.2.

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

  • Liquidity Capitalization means the number, as of immediately prior to the Liquidity Event, of shares of the Company’s capital stock (on an as-converted basis) outstanding, assuming exercise or conversion of all outstanding vested and unvested options, warrants and other convertible securities, but excluding: (i) shares of Common Stock reserved and available for future grant under any equity incentive or similar plan; (ii) any SAFEs; and (iii) convertible promissory notes.

  • Financial Default means the total cessation or partial suspension of operations due to insolvency, with or without the filing of a bankruptcy petition by a tour operator, Cruise line, or airline.

  • Debt Service Coverage Ratio means a ratio for the applicable period in which: