Minimum Liquidity Covenant definition

Minimum Liquidity Covenant has the meaning set forth in Section 6.2.

Minimum Liquidity Covenant has the meaning given to such term in Condition 4.14 (Minimum Liquidity Covenant).”

Minimum Liquidity Covenant means the obligations of Service Provider set forth in Section 9.6;

Examples of Minimum Liquidity Covenant in a sentence

• The City will, or cause the Board to, provide to the Initial Purchaser audited financial statements and a compliance certificate attesting that no Events of Default have occurred, including a calculation of the coverage ratio under Section 406 hereof or the Minimum Liquidity Covenant under Section 902 hereof, as applicable, within six months after the end of each fiscal year ending in and after 2021.

• At all times from and after the Closing Date, the Liquidity of the Lessee shall not be less than Minimum Liquidity Covenant Level Amount.

• Borrower hereby acknowledges and agrees that as of the Closing Date, Lender shall establish a $250,000 reserve against the Borrowing Base, of Annex I, which reserve shall be eliminated upon the satisfaction by Borrower of the conditions set forth in Section 3 of Annex I for the elimination of the testing of the Minimum Liquidity Covenant set forth in Section 3 of Annex I.

• If Borrower provides to Agent evidence reasonably satisfactory to Agent that such cash proceeds were received by Borrower on or before the date that is thirty (30) days after the occurrence of the Minimum Liquidity Covenant Default, then the Minimum Liquidity covenant set forth in clause (c) above shall be recalculated as if such cash proceeds had been received on the date of such Minimum Liquidity Covenant Default.

• The proceeds of any Capital Infusion held in the Special Account shall not be pledged, but shall be available, at the discretion of the New Guarantor, to fund Permitted Discretionary Activities or provide liquidity relief (including curing any breach of the Minimum Liquidity Covenant).

More Definitions of Minimum Liquidity Covenant

Minimum Liquidity Covenant means the covenant set out in Schedule 3(a) of the Loan Agreement as amended by this Agreement;

Minimum Liquidity Covenant means the minimum liquidity covenant of the Company set forth in Section 9(M) of the Company Senior Secured Note, taking into account the Waiver and Amendment Agreement.

Minimum Liquidity Covenant means the covenant described as (Mindestliquiditatskennzahl) in Schedule 17 to the Loan Agreement, pursuant to which AMD Saxonia has undertaken to ensure at all times from 1 July 2001 until the payment in full of all Secured Obligations, the balance standing to the credit of the Project Accounts shall be ***

Minimum Liquidity Covenant has the meaning given in Section 3 of Schedule 8 (Agreed Financial Covenants).

Minimum Liquidity Covenant has the meaning set forth in Section 10.01. “Minimum Net Sales” means, with respect to any period, [***]. “Minimum Net Sales Covenant” has the meaning set forth in Section 10.02. “Minimum Net Sales Cure Right” has the meaning set forth in Section 11.04(a). “Mortgage Deliverables” has the meaning set forth in Section 8.11(b)(iv). “Multiemployer Plan” means any multiemployer plan, as defined in Section 400l(a)(3) of ERISA, to which any ERISA Affiliate incurs or otherwise has any obligation or liability, contingent or otherwise. “NASDAQ” means The Nasdaq Global Market. “NDA” means a new drug application, submitted to the FDA pursuant to 21 U.S.C. § 355 seeking approval to market a new drug in the United States, or any equivalent application submitted to a Regulatory Authority outside of the United States, and all supplements or amendments thereto. “Net Cash Proceeds” means, (i) with respect to any Casualty Event experienced or suffered by any Obligor or any of its Subsidiaries, the amount of cash proceeds received (directly or indirectly) from time to time by or on behalf of such Person in respect of such Casualty Event after deducting therefrom only (a) reasonable costs and expenses related thereto incurred by such Obligor or such Subsidiary in connection therewith, (b) Taxes (including transfer Taxes or net income Taxes) paid or reasonably expected to be payable in connection therewith, (c) reasonable reserves established for liabilities estimated to be payable in respect of such Casualty Event and deposited into escrow with a third party escrow agent on customary terms or set aside in a Controlled Account and (d) any amounts required to be used to prepay Permitted Indebtedness pursuant to Sections 9.01(j) and 9.01(l) secured by the assets subject to such Casualty Event (other than (x) Indebtedness owing to the Administrative Agent or any Lender under this Agreement or the other Loan Documents and (y) Indebtedness assumed by the purchaser of such asset); and (ii) with respect to any Asset Sale by any Obligor or any of its Subsidiaries, the amount of cash proceeds received (directly or indirectly) from time to time by or on behalf of such Person in respect of such Asset Sale after deducting therefrom only (a) reasonable costs and expenses related thereto incurred by such Obligor or such Subsidiary in connection therewith, (b) Taxes (including transfer Taxes or net income Taxes) paid or reasonably be expected to be payable in connection therewith, (c) reasona...

Minimum Liquidity Covenant has the meaning given to such term in Section 4(f) of the Guaranty.

Minimum Liquidity Covenant means the minimum liquidity covenant of the Company set forth in Section 9(M) of the Amended Senior Secured Note, taking into account the Waiver and Amendment Agreement.