Consolidated Liquidity

Consolidated Liquidity. Shall mean, as of any date of determination, the sum of (x) all cash and cash equivalents on the Consolidated Balance Sheet, calculated after giving effect to all checks, drafts and other negotiable instruments issued by and drawn on a bank account of any Company, which checks, drafts and other negotiable instruments have not been presented for payment as of the opening of business on such date of determination, but not including cash... reserved for accrued payroll obligations, plus (y) the amount of Net Availability. View More