Liquidity Threshold definition

Liquidity Threshold means the Company’s Liquidity required to be equal to or greater than (a) seventy five million dollars ($75,000,000) (if the Secured Notes are not outstanding at such time); and (b) two hundred twelve million one hundred thousand dollars ($212,100,000) (if any of the Secured Notes are outstanding at such time); provided that in the case of both (a) and (b), such Cash and Cash Equivalents shall be held in accounts (x) in which the Company and/or the applicable Subsidiaries have granted the Collateral Trustee a security interest in form and substance acceptable to the Collateral Trustee and (y) with a Deposit Account Control Agreement in effect with each of such accounts; provided further, that such Deposit Account Control Agreement(s) shall (I) be “fully blocked”/“access restricted” or similar Deposit Account Control Agreement(s) that do not allow the Company and its Subsidiaries access to the accounts nor permit the Company and its Subsidiaries to access the amounts and assets on deposit or credited to such deposit accounts without the consent of the Collateral Trustee (“Blocked DACA”) and (II) perfect the Collateral Trustee’s security interest in such accounts.”

Liquidity Threshold means $14,000,000.

Liquidity Threshold means Liquidity in excess of 125% of the amount required to pay in full in cash the then aggregate outstanding amount of Convertible Notes (including Indebtedness issued under Section 7.02(n)).

Examples of Liquidity Threshold in a sentence

• Credit Parties will not permit the consolidated EBITDA of the Credit Parties for any Defined Period, as tested quarterly on the last day of the applicable Defined Period (other than any Defined Period ending during a Minimum EBITDA Covenant Waiver Period that has not been terminated on such date of determination as a result of the Credit Parties’ failure to maintain Liquidity in excess of the Liquidity Threshold), to be less than $500,000.

• Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to Prime Rate plus one percent (1.00%); provided, however, when Borrower is at or above the Liquidity Threshold, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one-half percent (0.50%).

• In addition, Bank shall be entitled to charge Borrower a “float” charge in an amount equal to three (3) Business Days interest, at the interest rate applicable to the Advances, on all Payments received by Bank; provided, that when Borrower is at or above the Liquidity Threshold, such “float” charge shall not apply.

• In 2019, to better understand how and where a Comprehensive Stroke Centre might be delivered for North Mersey, a series of workshops were held with people working in stroke services and other key stakeholders (including a group of stroke survivors), to help work through and refine potential solutions.

• INFORMATION AS TO ISSUER 66 Section 9.1 Financial Statements and Other Information 66 Section 9.2 Collateral Reporting 68 Section 9.3 Liquidity Threshold Reporting 68 Section 9.4 IP Security Agreements 69 Section 9.5 Quarterly Note Purchaser Calls 69 ARTICLE X.

More Definitions of Liquidity Threshold

Liquidity Threshold means, as of any date of determination (a) with respect to the calendar year of 2022, an amount equal to 90% of the aggregate outstanding principal amount of the Term Loans as of such date of determination, and (b) at all times thereafter an amount equal to 100% of the aggregate outstanding principal amount of the Term Loans as of such date of determination.

Liquidity Threshold is, on and after the Effective Date, provided no Default or Event of Default has occurred and is continuing, the period (i) commencing on the first (1st) day in which Borrower has, for each consecutive day in the immediately preceding thirty (30) day period, maintained an Adjusted Quick Ratio, as determined by Bank, in its reasonable discretion, in an amount at all times greater than or equal to 1.00:1.00, as determined by Bank, in its sole discretion; and (ii) terminating on the earlier to occur of (A) the occurrence of a Default or an Event of Default; and (B) the first day thereafter in which Borrower fails to maintain an Adjusted Quick Ratio greater than or equal to 1.00:1.00, as determined by Bank, in its reasonable discretion. Thereafter, in order for the Liquidity Threshold to be applicable, Borrower must achieve an Adjusted Quick Ratio in an amount greater than or equal to 1.00:1.00 each consecutive day for thirty (30) consecutive days, as determined by Bank, in its reasonable discretion. Borrower shall give Bank prior-written notice of Borrower’s achievement of the Liquidity Threshold.

Liquidity Threshold means Liquidity in excess of 125% of the amount required to pay in full in cash the then aggregate outstanding amount of Convertible Notes.

Liquidity Threshold means Liquidity in excess of $625,000,000.

Liquidity Threshold means as of any date of determination, that Borrower maintains, in accounts in the name of Borrower that are subject to an Account Control Agreement, unrestricted and unencumbered (other than as a result of this Agreement) Cash in an aggregate amount greater than or equal to one hundred ten percent (110%) of the aggregate principal amount of the outstanding Advances on such date, as reasonably determined by Agent (based upon supporting documentation reasonably requested by Agent).

Liquidity Threshold has the meaning set forth in the definition of Maturity Date.

Liquidity Threshold is Twenty Million Dollars ($20,000,000) in Qualified Cash.