Minimum Liquidity Amount definition

Minimum Liquidity Amount shall have the meaning assigned to such term in the Pricing Side Letter.

Minimum Liquidity Amount has the meaning set forth in Section 6.19(c).

Minimum Liquidity Amount has the meaning given in Clause 11.18;

Examples of Minimum Liquidity Amount in a sentence

• Seller shall insure that, as of the end of each calendar month, Seller has, on a consolidated basis, cash and Cash Equivalents in an amount equal to not less than the Minimum Liquidity Amount.

• The Seller has, on a consolidated basis, cash, Cash Equivalents and unused borrowing capacity that could be drawn against (taking into account required haircuts) under warehouse and repurchase facilities and under other financing arrangements in an amount equal to not less than the Minimum Liquidity Amount.

• Commencing on the Tranche 1-B Funding Date, the Company and the Borrowers and their respective Subsidiaries on a consolidated basis shall at all times maintain Unencumbered Liquid Assets with a value greater than or equal to the applicable Minimum Liquidity Amount.

• The Parent will not permit at any time the cash and Cash Equivalents (which shall include funds on deposit in any Debt Service Reserve Account (if any) valued at 50% of par) held by the Parent and its Subsidiaries to be less than the Minimum Liquidity Amount; provided that, at all times, Unrestricted Cash and Cash Equivalents included in the Minimum Liquidity Amount shall be no less than $25,000,000.

• Liquidity as of the close of business on each Business Day, to be less than the Minimum Liquidity Amount.

More Definitions of Minimum Liquidity Amount

Minimum Liquidity Amount as defined in Section 7.1(b).

Minimum Liquidity Amount means, for the period beginning October 1, 2020 and ending March 31, 2021, $5,000,000; for the period beginning April 1, 2021 and ending December 31, 2021, $7,500,000; and at all times thereafter, $15,000,000.

Minimum Liquidity Amount means $25,000,000.”

Minimum Liquidity Amount means, as of any date, an amount equal to the greater of (1) the quotient of (x) the outstanding principal amount of the Securities as of such date divided by (y) 9.5 and (2) $7,500,000.

Minimum Liquidity Amount means $10,000,000.

Minimum Liquidity Amount means, at any time, an amount equal to 3.6% of the Series 2005-1 Invested Amount as of such time.

Minimum Liquidity Amount means $15,000,000.