Required Liquidity Reserve Deposit
Required Liquidity Reserve Deposit. Means an amount, determined as of the last day of a Coverage Test Failure Quarter for the period of four fiscal quarters ending on such date, equal to two (2) times the amount by which (a) interest incurred by the Credit Parties, whether such interest was expensed, capitalized, paid, accrued or scheduled to be paid or accrued, exceeds (b) interest income of the Credit Parties (such amount being the same amount provided for in clause (b) of the definition of Interest Coverage Ratio).
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Found in
Pulte Homes Inc. contract