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
CHAR1\1811758v6 Transactions provided, that (y) immediately prior to any such payment PRA has Sufficient Liquidity, and (z) prior to any such payment PRA shall deliver to the Administrative Agent a Compliance Certificate demonstrating that after giving effect to any such payment on a Pro Forma Basis, the Loan Parties and their Subsidiaries would have been in compliance with the financial covenants set forth in Section 8.11.
For purposes hereof, "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 contemplated to be paid by the Borrower in cash.
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 has the meaning specified in Section 7.01(a)(xviii)(B).
Sufficient Liquidity means that the Buyer (through itself and/or its consolidated subsidiaries) shall have access to sufficient funds to pay the principal and regularly scheduled interest on the Seller Note as and when due in accordance with its terms, which funds shall be comprised of any combination of:
Sufficient Liquidity means cash and Cash Equivalents (including, without limitation, availability under this Agreement), Eligible Bonds and Eligible
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 that at any time (i) during the period from the Effective Date until May 1, 2004, (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 May 1, 2004 (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.
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