Minimum Liquidity Balance definition

Minimum Liquidity Balance means, as of the date of determination, the result of (a) the Available Revolving Facility Commitment, provided that, as of such date of determination each of the conditions precedent set forth in Section 5.3.1 are satisfied plus (b) the sum of all unrestricted cash and unrestricted Cash Equivalent Investments on deposit in or credited to the Pledged Accounts on such date of determination.

Minimum Liquidity Balance means, as of any date of determination, (a) provided that as of such date each of the conditions set forth in Section

Minimum Liquidity Balance means, as of any date of determination, (a) provided that as of such date each of the conditions set forth in Section 4.2 are satisfied, the aggregate Available Revolving Commitments plus (b) the sum of all unrestricted cash and unrestricted Cash Equivalents on deposit as of such date in all deposit accounts in the name of a Loan Party and for which such Loan Party has delivered to the Administrative Agent, for the benefit of the Secured Parties, a deposit account control agreement in form and substance reasonably satisfactory to Administrative Agent.

Examples of Minimum Liquidity Balance in a sentence

• Upon Debtor's request Secured Party shall direct the Intermediary issuing the Securities Account to permit withdrawals from the Securities Account so long as after any such withdrawal Debtor will be in compliance with any "Minimum Liquidity Balance" requirement set forth in this Agreement and no Event of Default or Unmatured Event of Default will have occurred and be continuing.

• Subject to Section 11(b), upon Borrower's request, the Agent shall direct the Intermediary to permit withdrawals from the Northern Securities Account so long as after any such withdrawal Borrower will be in compliance with any "Minimum Liquidity Balance" requirement set forth in this Agreement and no Event of Default or Unmatured Event of Default will have occurred and be continuing.

• Likewise, additional NT Corp Stock may be added to the Securities Account with funds not part of or proceeds of the Securities Account if and only if at such time any Minimum Liquidity Balance requirement is met and no Event of Default or Unmatured Event of Default has occurred and is continuing.

• After giving effect to [___________________], the Minimum Liquidity Balance is $_______________, as computed on Attachment D hereto, [satisfying][not satisfying] Section [_____]and Section 7.2.4(a) of the Credit Agreement, which require that the Minimum Liquidity Balance not be less than $25,000,000 at any time.

• Debtor agrees not to (or to direct or authorize any Intermediary to) sell or otherwise dispose of any other securities or assets now or hereafter in the Securities Account in order to purchase additional NT Corp Stock (whether or not held in the Securities Account), unless after any such sale or other disposition Debtor will be in compliance with any Minimum Liquidity Balance requirement set forth herein and no Event of Default or Unmatured Event of Default will have occurred and be continuing.

More Definitions of Minimum Liquidity Balance

Minimum Liquidity Balance means, subject to the terms of Section 7.4 of the Loan Agreement, the amount necessary to ensure that the outstanding principal balance of the Term Loan, as determined by Secured Party, does not exceed the Collateral Value of Collateral held in the Securities Account pledged hereunder.

Minimum Liquidity Balance means, as of any date of determination, (a) provided that as of such date each of the conditions set forth in Section4.3 are satisfied, the aggregate Available Revolving Commitments plus (b) the sum of all unrestricted cash and unrestricted Cash Equivalents on deposit as of such date in all deposit accounts in the name of a Loan Party and for which such Loan Party has delivered to the Administrative Agent, for the benefit of the Secured Parties, a deposit account control agreement in form and substance reasonably satisfactory to Administrative Agent.

Minimum Liquidity Balance means the amount necessary to ensure that the outstanding amount of the Liabilities does not exceed the sum of the below-indicated percentages of the market values of the below-indicated types of assets which are Collateral:

Minimum Liquidity Balance. The Minimum Liquidity Balance is $_______________, as computed on Attachment D hereto, pursuant to Section 5.1.24 of the Credit Agreement.

Minimum Liquidity Balance set forth in Section 1.1 is hereby deleted.

Minimum Liquidity Balance see Section entitled "CONTRACTUAL MINIMUM LIQUIDITY BALANCE."

Minimum Liquidity Balance requirement set forth in this Agreement and no Event of Default or Unmatured Event of Default will have occurred and be continuing.