Liquidity Test Period definition

Liquidity Test Period means the 4-week period ending on a Liquidity Test Date. “Minimum Liquidity Amount” means SEK 100,000,000.
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Liquidity Test Period means the period commencing on the Effective Date and ending on the first date after for which Consolidated EBITDA for a Test Period ending on the last day of a fiscal quarter ending on or after September 30, 2020 is greater than $200,000,000 and the Borrower shall have delivered a Compliance Certificate to the Administrative Agent showing such calculation in reasonable detail.
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Liquidity Test Period means (i) with respect to any Liquidity Test Date pursuant to clause (i) of the definition thereof, the twelve consecutive calendar month period ending on such Liquidity Test Date and (ii) with respect to any Liquidity Test Date pursuant to clauses (ii) or (iii) of the definition thereof, the twelve consecutive calendar month period ending immediately prior to such Liquidity Test Date.
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Examples of Liquidity Test Period in a sentence

  • During the Liquidity Test Period, the Borrower shall not permit Liquidity to be less than $125,000,000 on Tuesday and Friday of each week (or if any such day is not a Business Day, then the next succeeding Business Day) during the Liquidity Test Period.

  • During the Liquidity Test Period, on bi-weekly basis, within two (2) Business Days of the end of each applicable calendar week, a certification of a Financial Officer of Borrower Representative setting forth the Unrestricted Cash Amount and Liquidity Amount as of the end of such calendar week.

  • The Credit Parties shall have, as of any date of calculation, Excess Availability (without giving effect to any outstanding obligations referenced in clause (b) of the definition of Obligations) of no less than (i) at any time when a Liquidity Test Period is continuing, $20,000,000 and (ii) at all other times, the greater of (x) 10.0% of the then current Borrowing Base and (y) $6,000,000.

  • The Issuer shall procure that the Liquidity Maintenance Test is met for each Relevant Liquidity Test Period.


More Definitions of Liquidity Test Period

Liquidity Test Period means at any time that, as of the most recently ended month for which financial statements have been delivered to the Agent, Consolidated EBITDA is less than $30,000,000 or the Fixed Charge Coverage Coverage Ratio is less than 1.00:1.00.
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Liquidity Test Period means the period (i) commencing on the initial date during the Conversion Period on which Aggregate Borrowing Availability shall be less than $50,000,000 and (ii) continuing until the end of the Conversion Period.
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Liquidity Test Period means each calendar-month-period commencing with (and including) the month ended December 31, 2023, through (and including) the month ended November 30, 2024.
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Related to Liquidity Test Period

  • Test Period means, on any date of determination, the period of four consecutive fiscal quarters of the Borrower then most recently ended (taken as one accounting period).

  • Relevant Test Period With respect to any Loan, the relevant test period for the calculation of Net Senior Leverage Ratio, Interest Coverage Ratio, Total Net Leverage Ratio or EBITDA as applicable, for such Loan in accordance with the related Underlying Instruments or, if no such period is provided for therein, (i) for Obligors delivering monthly financial statements, each period of the last twelve (12) consecutive reported calendar months, and (ii) for Obligors delivering quarterly financial statements, each period of the last four (4) consecutive reported fiscal quarters of the principal Obligor on such Loan; provided that with respect to any Loan for which the relevant test period is not provided for in the related Underlying Instruments, if an Obligor is a newly-formed entity as to which twelve (12) consecutive calendar months have not yet elapsed, “Relevant Test Period” shall initially include the period from the date of formation of such Obligor to the end of the twelfth (12th) calendar month or fourth (4th) fiscal quarter (as the case may be) from the date of formation, and shall subsequently include each period of the last twelve (12) consecutive reported calendar months or four (4) consecutive reported fiscal quarters (as the case may be) of such Obligor.

  • Subsequent Interest Period has the meaning specified in Section 307.

  • Interest Coverage Ratio means, for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Consolidated Interest Expense for such period.

  • LCA Test Date has the meaning specified in Section 1.03(e).

  • Interest Period Date means each Interest Payment Date unless otherwise specified hereon.

  • Cash Interest Coverage Ratio With respect to any Loan for any Relevant Test Period, either (a) the meaning of “Cash Interest Coverage Ratio” or comparable definition set forth in the Underlying Instruments for such Loan, or (b) in the case of any Loan with respect to which the related Underlying Instruments do not include a definition of “Cash Interest Coverage Ratio” or comparable definition, the ratio of (i) EBITDA to (ii) Cash Interest Expense of such Obligor with respect to the applicable Relevant Test Period, as calculated by the Borrower and Collateral Manager in good faith.