Remaining Months Liquidity definition

Remaining Months Liquidity means a ratio of Cash to Cash Burn.

Remaining Months Liquidity means, as of any date of determination, the result of (a) Liquidity divided by (b) Cash Burn.

Remaining Months Liquidity means as of a date of determination (a) Borrower’s unrestricted and unencumbered Cash maintained in accounts with Bank on such date divided by (b) Average EBITDA for the three (3) month period ending on the last day of the immediately preceding month.

Examples of Remaining Months Liquidity in a sentence

• Borrowers shall maintain, at all times, the Remaining Months Liquidity.

• No Manager shall, by virtue of its or its Affiliates’ ownership of equity or other interests in the Company or acting in any capacity under any other agreement or arrangement with the Company or in connection with its other relationships with the Company, be deemed to have duties or responsibilities hereunder or be deemed to be held to a standard of care in connection with the performance of its duties hereunder, other than as expressly provided in this Agreement.

• Borrower will maintain, as of the last day of each month, at least six (6) Remaining Months Liquidity.

• Commencing with the monthly period ending February 28, 2018 and as of the last day of each monthly period ending thereafter, in each case measured on an average trailing three month basis, achieve Remaining Months Liquidity of at least six (6) months.

• It is difficult to estimate how successful a software project will be without talking to its potential users.

More Definitions of Remaining Months Liquidity

Remaining Months Liquidity is defined in Section 6.7.

Remaining Months Liquidity means, with respect to the Loan Parties for each period consisting of six consecutive months, a ratio of Cash as of the last day of such period to Cash Burn for such period.

Remaining Months Liquidity means, at the end of each fiscal quarter, or if monthly reporting is required pursuant to Section 6.4(c), as at the end of each fiscal month, the ratio of (i) Liquidity at such time to (ii) the monthly average of Net Cash Losses.

Remaining Months Liquidity is defined in Section 6.8.

Remaining Months Liquidity means an aggregate amount of unrestricted cash held in accounts with Lender equal to Borrowers’ trailing three (3) month Cash Burn, measured in accordance with GAAP on a trailing three (3) month basis as of the last day of any fiscal month.

Remaining Months Liquidity. As of the end of each month, Borrower shall maintain a total of unrestricted cash and Cash Equivalents, as shown on Borrower’s consolidated balance sheet, minus all outstanding Loans and Letters of Credit in an amount greater than 6.0 times the average monthly net loss (if any) incurred by Borrower for the immediately preceding three months, determined in accordance with GAAP, net of amortization and depreciation and non-cash, stock-based compensation.

Remaining Months Liquidity means, at any date of determination, the ratio of (i) Liquidity at such time to (ii) the average of Net Cash Losses for the immediately preceding three month period.