Minimum Liquidity means, as of any date of determination, the sum of (a) the aggregate unused amount of the Commitments as of such date and (b) unrestricted cash of the Loan Parties as of such date.
Minimum Liquidity has the meaning given in Clause 11.19;
Minimum Liquidity means that the sum of (I) the aggregate amount of unrestricted cash and Cash Equivalents of the Qualified Loan Parties at such time plus (II) the Total Unutilized Revolving Credit Amount.
Examples of Minimum Liquidity in a sentence
Minimum Liquidity ...................................................................................................
The Borrower shall have Minimum Liquidity on the Closing Date of at least $500,000,000.
More Definitions of Minimum Liquidity
Minimum Liquidity means, on the Conversion Date (and after giving effect to the consummation of the Transactions), the sum of (i) the amount of Unrestricted Cash of the Borrower and its Restricted Subsidiaries as of such date, (ii) the amount on deposit in the Term C Loan Collateral Accounts in excess of the sum of (x) the Stated Amount of all Term Letters of Credit outstanding as of such date and (y) all Term Letter of Credit Reimbursement Obligations as of such date and (iii) the unused availability under the Revolving Credit Facility.
Minimum Liquidity means, as at any date, the aggregate amount of the Group’s (consolidated) Cash and the portion of the Available Commitment, which is available for Utilisation pursuant to Clause 5 (Utilisation) at that date as certified to the Agent by the Chief Financial Officer of the Parent.
Minimum Liquidity has the meaning specified in Section 7.08.
Minimum Liquidity means Liquidity of not less than $7,000,000.
Minimum Liquidity means the sum of Revolving Loan Availability plus cash and cash equivalents that are (a) owned by any Credit Party, and (b) not subject to any Lien other than a Lien in favor of Agent, excluding, however, any cash and cash equivalents in a specified amount pledged to or held by Agent to secure a specified Obligation in that amount. For the avoidance of doubt, cash and cash equivalents that in accordance with this Agreement secure the Loans generally are not excluded except to the extent so specified.
Minimum Liquidity means, at any time in respect of the Sub-Charterers’ Guarantor’s Group, the minimum amount of Cash and Cash Equivalent Investments for a Financial Quarter equal to five percent (5%) of Total Debt at any time;
Minimum Liquidity means the higher of (a) USD20,000,000 and (b) the aggregate of sums falling due and payable by the Group (or any member thereof) (but excluding USD5,000,000 of each of the repayment instalments in respect of the Loan due on 30 November 2014 and 30 November 2016) in respect of interest and principal or otherwise in respect of any Borrowed Money during the previous six months where “Borrowed Money” means Indebtedness in respect of money borrowed or raised and debit balances at banks and interest thereon;