Liquidity Ratio definition
Liquidity Ratio means the ratio of (a) the aggregate amount of unrestricted and unencumbered cash and Cash Equivalents of Borrower maintained with Bank to (b) aggregate outstanding Obligations of Borrower to Bank.
Liquidity Ratio means the ratio of Liquidity to all Indebtedness to Bank.
Liquidity Ratio is, as of any date of measurement, (X) the sum of (i) Borrower’s unrestricted cash at Bank plus (ii) Borrower’s net billed accounts receivable plus (iii) the unused available amount under the Guaranteed Line; divided by (Y) total outstanding Obligations of Borrower owed to Bank.
Examples of Liquidity Ratio in a sentence
Borrower shall maintain at all times, subject to periodic reporting, tested as of the last day of each month, a Liquidity Ratio of at least 1.50 to 1.00.
More Definitions of Liquidity Ratio
Liquidity Ratio means the ratio between the liquid assets and current liabilities, where
Liquidity Ratio means fifty percent (50%).
Liquidity Ratio means (a) the sum of (i) Borrower’s unrestricted cash, plus (ii) net billed accounts receivable (including earned but unbilled accounts receivable that is expected to be billed within ten (10) Business Days of month end), divided by (b) all outstanding Obligations under the Revolving Line.
Liquidity Ratio shall have the meaning given such term in Section 6.19 hereof.
Liquidity Ratio means the ratio (expressed as a percentage) of a Person’s Liquid Assets to Tangible Net Worth.
Liquidity Ratio means, as of any date of determination, the ratio of (a) the sum (i) the balance of Cash on such date, as determined for Borrower and its Domestic Subsidiaries on a consolidated basis, plus (ii) one hundred percent (100%) of the Accounts of Borrower and its Domestic Subsidiaries that are Restricted Subsidiaries on and as of such date, to (b) the aggregate principal amount of all of the Advances and other Credit Extensions outstanding in and as of such date.
Liquidity Ratio means, as of any date of determination, the ratio of (a) the sum of (i) Unrestricted Cash and (ii) the amounts immediately available to be drawn under this Agreement but which are not yet drawn, to (b) Interest Incurred by the Consolidated Group for the 12 month period ending on such date.