Monthly Liquidity definition

Monthly Liquidity means the Liquidity of the Obligors, as calculated on the last Business Day of each fiscal month of the Obligors.
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Monthly Liquidity means the Liquidity of the Obligors, as calculated on the last Business Day of each fiscal month of the Obligors. “Moody’s” means Moody’s Investors Service, Inc., or any successor thereto.
Sample 1

Examples of Monthly Liquidity in a sentence

  • The RMC also reviews the Monthly Liquidity Gap Analysis (contractual and behavioral), and the Liquidity Stress Test to ensure that liquidity risk is managed within established tolerance levels and mismatch limits.

  • At all times during the Covenant Relief Period, the Borrower and its Subsidiaries shall maintain Average Monthly Liquidity of not less than $150,000,000.

  • The Bank calculates the liquidity ratio on a daily and monthly basis and submits to the National Bank of Serbia, within the prescribed deadlines and in the prescribed manner: Daily Liquidity Ratio Report and Monthly Liquidity Ratio Report.

  • At all times during the Covenant Relief Period and the Covenant Threshold Adjustment Period, the Borrower and its Subsidiaries shall maintain Average Monthly Liquidity of not less than (i) from and after the First Amendment Date through March 31, 2021, $150,000,000 and (ii) thereafter, for so long as the Covenant Relief Period or Covenant Threshold Adjustment Period is then in effect (x) if the Senior Notes remain outstanding, $180,000,000 and (y) otherwise, $150,000,000.

  • The Issuer and its Subsidiaries shall maintain Average Monthly Liquidity of not less than (1) from and after the First Amendment Date through March 31, 2021, $150,000,000 and (2) thereafter, for so long as the Covenant Relief Period or the Covenant Threshold Adjustment Period is then in effect, $180,000,000.

  • The Group calculates the liquidity ratio on a daily and monthly basis and submits to the National Bank of Serbia, within the prescribed deadlines and in the prescribed manner: Daily Liquidity Ratio Report and Monthly Liquidity Ratio Report.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR 2013(All amounts are stated in RSD thousands unless otherwise stated) 3.

  • Potential Red Flags: Weak internal control processes Finding 3.3 The Finance Department failed to prepare forward looking projections of the City’s cash position nor was the Monthly Liquidity Report certified by the City Treasurer as required by the City’s Investment Policy.

  • Value / Shares (mn) AED3,502 / 3,367 Av. Monthly Liquidity AED616.2 mn52-Week High / Low AED4.21 / 0.51 Bloomberg / Reuters UPP UH / UPRO.DU Est.

  • During the Covenant Relief Period and the Covenant Threshold Adjustment Period, the Borrower and the Parent shall deliver a supplemental Compliance Certificate on the 13th of each calendar month certifying as to (1) the amount of Unrestricted Cash of the Borrower and its Subsidiaries as of the last day of the preceding month and (2) the calculation of and compliance with the Average Monthly Liquidity covenant set forth in Section 10.1.(i).

  • Maintain on a Monthly Basis, the greater of : Liquidity Coverage 1.5:1.0 :1.0 Yes No Remaining Monthly Liquidity 3 months Yes No The following financial covenant analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate.

Related to Monthly Liquidity

  • Cash Liquidity means, with respect to any Person, on any date of determination, the sum of (i) unrestricted cash, plus (ii) Available Borrowing Capacity, plus (iii) Cash Equivalents.

  • Free Liquidity means, at any date of determination, the aggregate of the Cash Balance and any Commitments under this Agreement or any other amounts available for drawing under other revolving or other credit facilities of the NCLC Group, which remain undrawn, could be drawn for general working capital purposes or other general corporate purposes and would not, if drawn, be repayable within six months.

  • Available Liquidity means the credit balance on the DCA decreased by the amount of any processed reservations of liquidity or blocking of funds,

  • Applicable Liquidity Rate has the meaning specified in Section 3.07(g).

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

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

  • Excess Cash Flow Payment Period means, with respect to the repayment required on each Excess Cash Flow Payment Date, the immediately preceding fiscal year of the Borrower.

  • Excess Cash Flow Payment Date means the date occurring 90 days after the last day of a fiscal year of the Parent (commencing with its fiscal year ending December 31, 2000).

  • 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.

  • Total Liquidity means, at any date of determination, the sum of (i) Cash Liquidity plus (ii) unencumbered Investment Securities; provided, that “Total Liquidity” and associated components thereof shall be determined without regard to the effects of consolidation of any issuer of a Specified Third Party Securitization on the financial statements of Guarantor under Accounting Standards Codification Section 810, as amended, modified or supplemented from time to time, or otherwise under GAAP.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Collateral Minimum Monthly Interest shall have the meaning specified in subsection 4.02(c).

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Loss Ratio means the ratio (expressed as a percentage) of the total amount of losses on claims associated with insurance policies incurred during a specified period to premiums earned during such period. The loss ratio is a key measure of underwriting profitability and the quality of the insurance portfolio and is used for comparisons to industry benchmarks and internal targets.

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.

  • Interest Cover Ratio means the ratio of the Group’s consolidated EBITDA to interest expenses for the previous period of twelve (12) months.

  • Class C Reserve Account Percentage means, for any Distribution Date on which a condition in the left column of the following table was in effect on the immediately preceding Distribution Date, the percentage in the corresponding right column of the following table (or if more than one conditions were in effect on the immediately preceding Distribution Date, the largest percentage). Condition: The three-month rolling average Excess Spread Percentage is: Class C Reserve Account Percentage:

  • Class C Interest Coverage Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing the Interest Coverage Amount by the scheduled interest payments due on the Class A Notes, the Class B Notes and the Class C Notes. For the purposes of calculating the Class C Interest Coverage Ratio, the expected interest income on Collateral Debt Obligations, Eligible Investments and the Accounts (to the extent applicable) and the expected interest payable on the Class A Notes, the Class B Notes and the Class C Notes will be calculated using the then current interest rates applicable thereto as at the relevant Measurement Date.

  • Liquidity Ratio means, for any date of determination, the ratio of (a)(i) the aggregate amount of unrestricted and unencumbered cash (other than Liens in favor of Bank) held at such time by Borrower in Deposit Accounts maintained with Bank, plus (ii) accounts receivable determined according to GAAP for the Borrower and its consolidated Subsidiaries, divided by (b) the principal amount of outstanding Credit Extensions.

  • Monthly Principal Reallocation Amount means, for any Monthly Period, an amount equal to the sum of:

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Group II Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group II Principal Distribution Amount.

  • Quarterly Excess Available Funds Percentage means, with respect to the March 2008 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Reserve Account Amount means, for any Distribution Date, the amount on deposit in and available for withdrawal from the Reserve Account on such Distribution Date (after giving effect to all deposits to and withdrawals from the Reserve Account on the preceding Distribution Date, or, in the case of the initial Distribution Date, the Closing Date), including all interest and other income (net of losses and investment expenses) earned on such amount during the preceding Collection Period.

  • Required Reserve Fund Amount With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds (ii) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. Provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of LIBOR Certificates has been reduced to zero, the Required Reserve Fund Amount shall be zero.

  • Specified Reserve Fund Balance means, on the Closing Date $3,846,153.85, and with respect to any Payment Date 0.25% of the initial aggregate principal balance of the Receivables as of the Cutoff Date.