Liquidity Reserve. As defined in Section 4.17.

Liquidity Reserve shall have the meaning assigned to such term in Section 5.1(k).

Liquidity Reserve shall have the meaning given in Section 4.03(a).

Examples of Liquidity Reserve in a sentence

The Company shall be required to make Working Capital Advances if, at any time, the Loan Proceeds, including funds available in the Collection Account or in any Liquidity Reserve Account or Litigation Reserve Account, are insufficient to pay all costs and expenses incurred by the Company.
At the time of the Final Distribution, all remaining funds held in the Liquidity Reserve Account shall be allocated and distributed in accordance with Section 4.01.
The Liquidity Reserve Account shall be held in trust for the benefit of the Participant and the Company and shall be established and maintained for the sole purpose of holding and distributing the Liquidity Reserve funds.
At any time after the Company funds the Liquidity Reserve Account, the Company may, in the exercise of its reasonable discretion, determine to release some or all of the funds from the Liquidity Reserve Account and allocate and distribute such released funds in accordance with Section 4.01.
Without limiting the foregoing, to the extent not paid or reimbursed by a Borrower or Guarantor or available from Loan Proceeds or, if unavailable from either source, from the Liquidity Reserve or Litigation Reserve (to the extent applicable), the Company shall make Working Capital Advances to pay Servicing Expenses, the costs and expenses payable to the Document Custodian pursuant to the Custodial Agreement and Pre-Approved Charges.

More Definitions of Liquidity Reserve

Liquidity Reserve means that certain percentage, determined by the Board from time to time, of the aggregate net proceeds of the issuance of the Subscriber Shares, which percentage as of the date of this prospectus equals 15% of the net proceeds of the issuance of the Class A Shares and 15% the net proceeds of the issuance of the Class R Shares.

Liquidity Reserve means a liquidity reserve in an amount up to the Required Liquidity Reserve Amount to cover temporary shortfalls in Collections available to pay senior expenses and interest on the Class A Notes and the Class B Notes and, on the earlier of (i) the Payment Date, if any, on which the Aggregate Outstanding Loan Principal Amount is zero but the Class A Notes and the Class B Notes have not been redeemed in full, and (ii) the Maturity Date, to cover shortfalls in Collections available to pay the outstanding principal amount of the Class A Notes and the Class B Notes;

Liquidity Reserve means an amount at all times equal to $20,000,000.

Liquidity Reserve means the monies standing to the credit of the Liquidity Reserve Account at any given time.On the Issue Date, a portion of the amount drawn down under the Subordinated Loan Agreement equal to € 30,232,925 will be credited into the Cash Reserve Account whilst the remaining portion equal to € 24,186,000 will be credited into the Liquidity Reserve Account.On each Interest Payment Date,

Liquidity Reserve means, as of any date of determination, an amount equal to $5,000,000 or such lesser amount (expressed as either a specified amount or as a percentage of a specified category or item) as the Lender may from time to time establish and adjust in reducing Availability.

Liquidity Reserve means in relation to a Loan to an Approved Borrower, any amount held under the terms of the relevant Liquidity Reserve Trust Deed;

Liquidity Reserve means the monies standing to the credit of the Liquidity Reserve Account at any given time.On the Initial Issue Date, a portion of the amount drawn down under the Subordinated Loan Agreement equal to € 30,232,925 has been credited into the Cash Reserve Account whilst the remaining portion equal to € 23,186,000 has been credited into the Liquidity Reserve Account.On each Interest Payment Date,