Unrestricted Liquidity definition

Unrestricted Liquidity means (i) unrestricted cash deposits, plus (ii) excess “availability” under this Agreement (net of all Loans, Letters of Credit or other indebtedness under this Agreement), as determined by Silicon based upon the Credit Limit restrictions set forth in Section 1 above).”

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Unrestricted Liquidity means the sum of (a) cash-on-hand, and (b) Permitted Investments and other cash equivalents, in each case not subject to a Lien (other than Liens in favor of the Administrative Agent pursuant to the Loan Documents) or any other restrictions.

Unrestricted Liquidity means cash and Cash Equivalents of the Borrower and its Subsidiaries that are not encumbered by a lien or classified as restricted, without duplication, under GAAP or any Contractual Obligation of the Borrower or any Subsidiary.

Examples of Unrestricted Liquidity in a sentence

Borrower shall, as of the last day of each month, maintain Unrestricted Liquidity in excess of $5,000,000.00.
The Borrower shall not permit at any time, in respect of the Borrower and its Subsidiaries, (i) Consolidated Funded Indebtedness to equal or exceed (ii) the sum of (A) Unrestricted Liquidity, and (B) 70% of net accounts receivable.
Not permit Borrower’s Unrestricted Liquidity at any time to be less than $10,000,000; provided, however, that following a debit of funds from the Account (Cash Collateral) pursuant to Section 10.10(b), no Event of Default shall occur pursuant to this Section 11.14(c) unless and until Borrower fails to deposit additional funds into the Account (Cash Collateral) as and when required by Section 10.10(b).
The Borrower will maintain, at all times, Unrestricted Liquidity of not less than $50,000,000.
Bank hereby waives Borrower’s failure to comply with (i) the minimum Revenue requirement set forth in Section 5(a) of the Schedule to the Loan Agreement as of December 31, 2007, (ii) the minimum EBITDA requirement set forth in Section 5(c) of the Schedule to the Loan Agreement as of December 31, 2007 and (iii) the minimum Unrestricted Liquidity requirement set forth in Section 5(b) of the Schedule to the Loan Agreement as of January 31, 2008 and February 29, 2008.

More Definitions of Unrestricted Liquidity

Unrestricted Liquidity shall have the meaning set forth in Section 7.12(c).

Unrestricted Liquidity means, at any time, the sum of (a) cash and Permitted Investments of the Loan Parties that are not subject to any Lien, other than Liens in favor of the Administrative Agent, or any restriction on use, (b) 90% of the fair market value of the Borrower’s Investment in shares of Vanguard Short-term Tax-exempt Bond Fund (Admiral Shares), as described in Schedule 7.4 and (c) the aggregate unused Revolving Commitments of all Lenders.

Unrestricted Liquidity. The sum of (i) all Non-Broker-Dealer Cash, plus (ii) Distributable Net Capital.

Unrestricted Liquidity means, (a) prior to the Account Opening Date, unrestricted cash and unrestricted Cash Equivalents of the Borrower, (b) subject to clause (c), following the establishment and funding of the Account Opening Date, the then current balance of the Account (Cash Collateral); and (c)provided that, if at any time funds are released to Borrower from the Account (Cash Collateral) pursuant to Section 10.10(c), Unrestricted Liquidity shall equal the sum of the foregoing clauses (a) and (b)(a) the then current balance of the Account (Cash Collateral) and (b) unrestricted cash and unrestricted Cash Equivalents of Borrower.

Unrestricted Liquidity means the amount of cumulative unrestricted cash obtained when multiplying the total Operating Expenses of the "Governmental Funds" (as set forth on the Borrower's Audited Financial Statements calculated in accordance with GAAP) of the Borrower for the prior Fiscal Year from its most recent audited financing statements by 80/365 for the June 30, 2021 testing date, 90/365 for the June 30, 2022 testing date, and 100/365 for the June 30, 2023 testing date and each testing date thereafter.

Unrestricted Liquidity means at any time the sum of (a) Borrower's cash held in demand deposit accounts or interest bearing accounts at any financial institution plus (b)

Unrestricted Liquidity means (i) unrestricted cash deposits, plus (ii) excess “availability” under this Agreement (net of the Collateral Reserve and all Loans, Letters of Credit or other indebtedness under this Agreement), as determined by Silicon based upon the Credit Limit restrictions set forth in Section 1 above).” and substituting the following text therefor: “Section 5 FINANCIAL COVENANTS (Section 5.1): Borrower, together with its subsidiaries on a consolidated basis, shall comply with each of the following covenants. Compliance shall be determined as of the end of each month, except as otherwise specifically provided below: