Minimum Liquidity Covenant

Example Definitions of "Minimum Liquidity Covenant"
Minimum Liquidity Covenant. (i) Permit Domestic Liquidity as of the last day of any fiscal quarter to be less than $10,000,000 and (ii) within five (5) Business Days following the last day of each fiscal quarter in which (A) the Consolidated Net Leverage Ratio of the Borrower and its Subsidiaries is equal to or greater than 3:00:1.00 or (B) Domestic Liquidity of the Borrower and its Subsidiaries is equal to or less than $35,000,000, the Borrower shall deliver to the Administrative Agent and each Lender a weekly projected... cash flow statement of the Borrower and its Subsidiaries for the succeeding thirteen (13) weeks (clauses (i) and (ii) collectively, the "Minimum Liquidity Covenant", and together with the Consolidated Net Leverage Ratio Covenant, the "Financial Covenants" and each, a "Financial Covenant"). View More Arrow
Found in NN INC contract
Minimum Liquidity Covenant. (i) Permit Domestic Liquidity (x) as of the last day of any fiscal quarter other than the fiscal quarter ending March 31, 2025, to be less than $10,000,000 $20,000,000 and (y) as of the last day of the fiscal quarter ending March 31, 2025, to be less than $10,000,000, and (ii) within five (5) Business Days following the last day of each fiscal quarter in which (A) the Consolidated Net Leverage Ratio of the Borrower and its Subsidiaries is equal to or greater than 3:00:1.00 3.00:1.00 or (B)... Domestic Liquidity of the Borrower and its Subsidiaries is equal to or less than $35,000,000, the Borrower shall deliver to the Administrative Agent and each Lender a weekly projected cash flow statement of the Borrower and its Subsidiaries for the succeeding thirteen (13) weeks (clauses (i) and (ii) collectively, the "Minimum Liquidity Covenant", and together with the Consolidated Net Leverage Ratio Covenant, the "Financial Covenants" and each, a "Financial Covenant"). View More Arrow
Found in NN INC contract
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