Specified Liquidity definition

Specified Liquidity means the sum at any time of (a) Cash on Hand at such time plus (b) the excess of the Revolving Credit Commitments over the Revolving Exposure of all Revolving Lenders at such time plus (c) if a Qualified Receivables Transaction is effective at such time, the aggregate available commitments under such Qualified Receivables Transaction (as limited by the borrowing base thereunder).
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Specified Liquidity means Liquidity, plus without duplication, all other unrestricted cash and Cash Equivalents of the Administrative Borrower and its Subsidiaries; provided that at least $25,000,000 of Qualified Cash of Domestic Loan Parties shall have been measured in such determination of Liquidity.
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Examples of Specified Liquidity in a sentence

  • The Specified Liquidity as of the Closing Date after giving effect to the Transactions shall be at least $275,000,000.

  • A Borrowing Base Certificate (i) on the first Business Day of each week, as at the last Business Day of the immediately preceding week (x) at any time that the Available Liquidity is less than the Specified Liquidity Amount or (y) at the option of BMCA; or (ii) if neither clause (i)(x) or clause (i)(y) applies, no later than the seventh Business Day of each month, as at the last Business Day of the immediately preceding month.

  • Upon satisfying the requirements of the previous sentence, the Note Parties shall be deemed to have satisfied such Specified Liquidity Financial Covenant as of the relevant date of determination with the same effect as though there had been no failure to comply therewith on such date of determination.

  • The Parent Borrower will not permit the Consolidated Fixed Charge Coverage Ratio, upon the occurrence of a Specified Liquidity Event and so long as such Specified Liquidity Event is continuing, to be less than 1.00 to 1.00.

  • For the avoidance of doubt, nothing in this paragraph shall in any way limit or restrict the rights or remedies of the Term Lenders in connection with any Default or Event of Default other than a Specified Liquidity Facility Event of Default (whether arising before or after the occurrence of such Specified Liquidity Facility Event of Default).

  • IS AMENDED TO ADD THE ------------ FOLLOWING AT THE END THEREOF: During the Specified Liquidity Period, the Company shall not, and shall not suffer or permit any Subsidiary to, use any portion of the credit accommodations extended by the Creditors after the Restructuring Effective Date, directly or indirectly, for any purpose or in any amount not consistent with the Budget.

  • Not, and will not permit its --------------- Restricted Subsidiaries, Financed Subsidiaries, and Financed Franchisees, during the Specified Liquidity Period to permit actual expenditures to vary from the Budget by more than the variance parameters set forth therein.

  • TheWithout limiting the foregoing, the Lead Borrower (or the Investment Bank on its behalf) shall promptly (and in any event within one (1) Business Day), deliver to the Administrative Agent all management presentations, summaries, status overviews and other communications with respect thereto (which shall be subject to any applicable confidentiality provisions set forth in this Agreement) with potential buyers or investors regarding any Specified Liquidity Transaction.

  • In addition, the Lead Borrower shall promptly (and in any event within two (2) Business Days) respond to all other material or information requests regarding any Specified Liquidity Transaction reasonably made by the Administrative Agent or the Lenders to the Lead Borrower.

  • The Servicer shall determine the Specified Liquidity Account Balance and the Outstanding Unfunded Capital Commitment for each Payment Date.