Examples of Required Liquidity in a sentence
Any additional Discount that has accrued after a Termination Event before the execution of a waiver thereof, solely as a result of the occurrence of such Termination Event, may be waived by the Agent at the direction of the Purchaser entitled thereto or, in the case of Discount owing to the Liquidity Providers, of the Required Liquidity Providers.
The methodology, implementation, production and analysis of the Company’s Liquidity Stress Tests are important components of the Required Liquidity Framework.Liquidity Stress Tests are produced for the Company, to capture specific cash requirements and cash availability.
The Agent shall in all cases be fully protected in acting, or in refraining from acting, in accordance with a request of Blue Ridge or the Required Liquidity Banks or all of the Lenders, as applicable, and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders.
FinCo is, pursuant to the Common Terms Agreement, deemed to have complied with its obligations under paragraph (a) above by having the Required Liquidity Amount from time to time standing to the credit of a separate ledger in the Income Replacement Account maintained by the Cash Manager for the purpose (the "Liquidity Ledger").
Guarantor hereby covenants and agrees that at all times, the Tangible Net Worth (as hereinafter defined) of Guarantor shall not be less than the Required Net Worth (as hereinafter defined) and the Liquidity of Guarantor shall not be less than the Required Liquidity (as hereinafter defined), in each case on a consolidated basis in accordance with GAAP.