Adjusted Current Ratio Sample Clauses
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Adjusted Current Ratio. Permit the Adjusted Current Ratio, as of the last day of any Fiscal Quarter, occurring during a period set forth below, to be less than the ratio set forth opposite such period: Period Ratio ------ ----- Closing Date through December 30, 2000 1.25 to 1.00 December 31, 2000 through December 30, 2001 1.50 to 1.00 December 31, 2001 through December 30, 2002 1.75 to 1.00 December 31, 2002 through the Maturity Date 2.25 to 1.00
Adjusted Current Ratio. Permit the Adjusted Current Ratio of the Borrower and its consolidated Subsidiaries, as of the last day of any fiscal quarter of the Borrower to be less than 1.15:1.00.
Adjusted Current Ratio. Maintain a minimum Adjusted Current Ratio, calculated and submitted on a quarterly basis of, at least, .65:1.00 for the quarterly reporting period ending September 30, 2003 and 1.00:1.00 for the quarterly reporting period ending December 31, 2003 and each quarterly reporting period thereafter. The “Adjusted Current Ratio” is defined as Current Assets plus the Available Commitment divided by Current Liabilities, minus any balance outstanding on this credit facility that would otherwise be accounted for as a Current Liability.
Adjusted Current Ratio. The Company shall cause the Adjusted Current Ratio to equal or exceed 1.2 to 1.0 at the end of each calendar month.
Adjusted Current Ratio. Borrower shall maintain, as of the last day of each month, a ratio of Borrower’s unrestricted cash maintained at Bank plus Accounts billed in the United States to all Obligations (not including the Real Estate Advance) owing to Bank (the “Adjusted Current Ratio”) equal to or greater than 1.15 to 1.00.
8. Section 6.15 of the Agreement is amended in its entirety to read as follows:
Adjusted Current Ratio. The ratio of the current assets (determined ---------------------- in accordance with GAAP) to the current liabilities (determined in accordance with GAAP except that the amount of any Permitted Subordinated Indebtedness shall be excluded from the determination thereof) of Borrower at any date shall not be less than 1.02 to 1.0 at any time.
Adjusted Current Ratio. Borrower will not permit its ratio of Current Assets plus any unused availability under the Note, minus any investment in stock of the Borrower to Current Liabilities less any amounts outstanding under the Note which are otherwise included as a Current Liability to be less than 1.0 to 1.0, as determined at the end of each calendar quarter beginning with the calendar quarter ending March 31, 1999. For the calculation of the March 31, 1999 Adjusted Current Ratio, the Borrower shall be allowed to add to "Current Assets" the $250,000.00 increase in availability documented herein.
Adjusted Current Ratio. Maintain an Adjusted Current Ratio of at least, 1.00 to 1.00. The "Adjusted Current Ratio" is defined as Current Assets plus any unused availability under the Note divided by Current Liabilities, exclusive of the Loan Balance.
Adjusted Current Ratio. Permit the Adjusted Current Ratio at the end of any fiscal quarter of the Company to be less than 3.0 to 1.0.
Adjusted Current Ratio. As of the Determination Date, the Adjusted Current Ratio was ------------------------------------- __________:1.00.