Minimum Liquidity Amount Clause Samples

Minimum Liquidity Amount. Borrower shall not, on any date of determination, permit Borrower’s Unrestricted Cash (monitored and tested quarterly as of the last day of each fiscal quarter) to be less than Ten Million Dollars ($10,000,000) (such greater amount being referred to herein as the “Minimum Liquidity Amount”).

Minimum Liquidity Amount. Borrower’s and Guarantors’ aggregate Liquidity Amount shall, at all times, be no less than Twenty Million Dollars ($20,000,000).

Minimum Liquidity Amount. On or prior to February 20, 2019, the Liquidity (which amount shall include for the purposes of this calculation, any - 5 - Hedge Margin Payments on deposit in the Disbursement Account or the Hedge Margin Payment Account, as applicable), of Guarantor on any date of determination shall not fall below the product of *% and the Aggregate Repurchase Price as of such date of determination. On or after February 20, 2019, the Liquidity of Guarantor on any date of determination shall not fall below the greatest of (i) the product of *% and the Aggregate Repurchase Price as of such date of determination,

Minimum Liquidity Amount. On or prior to February 20, 2019, the liquidity of Guarantor on any date of determination shall not fall below the product of 3% and the Aggregate Repurchase Price as of such date of determination. On or after February 20, 2019, the Liquidity of Guarantor on any date of determination shall not fall below the greatest of (i) the product of 5% and the Aggregate Repurchase Price as of such date of determination, (ii) $5,000,000 and (iii) any other amount of liquidity the Guarantor has covenanted to maintain in any other note, indenture, loan agreement, guaranty, swap agreement or any other contract, agreement or transaction (including, without limitation, any repurchase agreement, loan and security agreement or similar credit facility or agreement for borrowed funds).

Minimum Liquidity Amount. Commencing August 1, 2009 through and until all amounts owing under the 2009 Notes have been paid in full, the Company shall at all times maintain a minimum Liquidity Amount of at least $75,000,000.

Minimum Liquidity Amount. After giving effect to the Exit Payments, the Exit Liquidity Amount shall not be less than the Minimum Liquidity Amount. Not less than five (5) Business Days prior to the anticipated Effective Date, the Company shall have delivered to the Backstop Parties a certificate, executed by an executive officer of the Company, which shall set forth a reasonably detailed calculation by the Company of the Exit Liquidity Amount.

Minimum Liquidity Amount. Permit the Liquidity Amount at any time to be less than an amount equal to 1.5 times the Aggregate Commitments at such time.

Minimum Liquidity Amount. The Parent shall not permit Liquidity at any time to be less than $300,000,000.

Minimum Liquidity Amount. (a) Each Borrower shall maintain a minimum amount of cash (free of any Security, other than in favour of the Security Agent) standing to the credit of that B▇▇▇▇▇▇▇'s Earnings Account, in an aggregate amount of $500,000 and such amount shall remain credited in the Earnings Account at all times throughout the remainder of the Security Period. (b) The Borrowers shall immediately notify the Facility Agent if, prior to the delivery of a Compliance Certificate to be provided in accordance with Clause 22.3 (Compliance Certificate), a Borrower becomes aware that it is not or will not be in compliance with the financial covenants set out in this Clause 23 (Financial Covenants).