Sufficient Liquidity definition

Sufficient Liquidity means cash and Cash Equivalents (including, without limitation, availability under this Agreement), Eligible Bonds and Eligible Government Securities in an aggregate amount equal to or greater than the principal amount of any Convertible Indebtedness that is surrendered for conversion or required to be prepaid, to the extent cash is payable in respect of the applicable conversion or prepayment.

Sufficient Liquidity means cash and Cash Equivalents in an aggregate amount equal to 115% of the sum of the principal amount of the Permitted Convertible Notes contemplated to be paid by the Company in cash.

Sufficient Liquidity means holding assets:

Examples of Sufficient Liquidity in a sentence

• For example, the Executive Defendants claimed in an investor presentation that SunEdison had “Greater than $1 Billion of Cash at DevCo … Sufficient Liquidity to Grow Platform.” In other words, the Executive Defendants claimed that SunEdison had $1 billion in available cash, not including cash held at TERP and Global.

• The specific policies that will be implemented to ensure Maintenance of Sufficient Liquidity are reflected in Section 5(d) “Ensuring Liquidity”.

• We measure our short-term liquidity risk using a liquidity gap analysis, among other instruments, and monitor the risk based on a 30-day liquidity indicator (Sufficient Liquidity Indicator - SLI) and 90-days Survival Period, as well as in accordance with the minimum liquidity ratios stipulated by the National Bank of Georgia (NBG Liquidity Coverage Ratio, LCR) and CRR (CRR Liquidity Coverage Ratio, LCR).

• Lack of Sufficient Liquidity and Contingency Funding to Meet Deposit Withdrawal Facing insufficient liquidity, SBNY lacked the contingency funding mechanisms needed to gain access to additional liquidity.

• Strategy to Ensure Sufficient Liquidity The FDIC has identified the following funding alternatives to meet its immediate liquidity needs: imposing additional special assessments; requiring prepaid assessments; or borrowing from the Treasury or Federal Financing Bank (FFB).

More Definitions of Sufficient Liquidity

Sufficient Liquidity means cash and Cash Equivalents (including, without limitation, availability under this Agreement), Eligible Bonds and Eligible Government Securities in an aggregate amount equal to the principal amount of any unsecured Indebtedness which is convertible and surrendered for conversion or required to be prepaid.

Sufficient Liquidity means unrestricted cash and Cash Equivalents with maturities of less than 365 days of the Borrower and availability under the Aggregate Revolving Commitments in an aggregate amount of not less than $50,000,000. 84

Sufficient Liquidity has the meaning specified in Section 7.01(a)(xviii)(B).

Sufficient Liquidity means cash and Cash Equivalents (including, without limitation, availability under the Domestic Revolving Commitments and Multi Currency Revolving Commitments) in an aggregate amount equal to 115% of the sum of the principal amount of the Permitted Convertible Notes contemplated to be paid by PRA in cash.

Sufficient Liquidity means cash and Cash Equivalents (including, without limitation, availability under the Revolving Credit Facility) in an aggregate amount equal to 105% of the sum of (A) any settlement amounts, where settlement amounts means, (1) for any conversion notices delivered prior to the date that is one year prior to the Maturity Date, the principal amount of bonds surrendered for conversion, and (2) for any notices delivered thereafter, the principal amount initially issued under the Permitted Convertible Indebtedness less any principal amount of bonds that have been previously converted, (B) succeeding twelve months of regularly scheduled interest payments with respect to the Permitted Convertible Indebtedness, (C) succeeding twelve months of regularly scheduled principal and interest payments under this Agreement, (D) succeeding twelve months of scheduled preferred dividend payments (to the extent permitted under the terms of this Agreement) and (E) estimated twelve months of holding company expenses paid in cash (net of amounts reimbursed by its Subsidiaries).

Sufficient Liquidity means cash and Cash Equivalents (including, without limitation, availability under the Revolving Committed Amount) in an aggregate amount equal to 125% of the sum of the principal amount of the Convertible Notes or Additional Indebtedness contemplated to be paid by the Borrower in cash. SUBPART 2.11 Subsection (n) of Section 9.1 of the Credit Agreement is hereby amended to read as follows:

Sufficient Liquidity. MEANS THAT AT ANY TIME (i) DURING THE PERIOD FROM THE EFFECTIVE DATE UNTIL THE SECOND AMENDMENT EFFECTIVE DATE, (A) THE AMOUNT OF CONSOLIDATED TOTAL NET CASH AT SUCH TIME IS EQUAL TO OR GREATER THAN $100,000,000 AND (B) THE AGGREGATE AMOUNT OF THE REMAINING UNUSED PORTION OF THE LESSER OF (1) THE AGGREGATE REVOLVING CREDIT COMMITMENT OR (2) THE BORROWING BASE AT SUCH TIME IS EQUAL TO OR GREATER THAN $50,000,000; AND (II) AFTER THE SECOND AMENDMENT EFFECTIVE DATE (A) THE AMOUNT OF CONSOLIDATED TOTAL NET CASH AT SUCH TIME IS EQUAL TO OR GREATER THAN $75,000,000 AND (B) THE AGGREGATE AMOUNT OF THE REMAINING UNUSED PORTION OF THE LESSER OF (1) THE AGGREGATE REVOLVING CREDIT COMMITMENT OR (2) THE BORROWING BASE AT SUCH TIME IS EQUAL TO OR GREATER THAN $50,000,000.