Common use of Adjusted Quick Ratio Clause in Contracts

Adjusted Quick Ratio. Borrower shall maintain, as of the last day of each calendar quarter, a ratio of (i) Quick Assets to (ii) Current Liabilities less current deferred maintenance revenues of at least 1.25 to 1.0.

Adjusted Quick Ratio. Borrower shall maintain, as of the last day of each calendar quartermonth, a ratio of (i) Quick Assets to (ii) Current Liabilities less current minus any deferred maintenance revenues revenue of at least 1.25 1.3 to 1.0.

Adjusted Quick Ratio. Borrower shall maintain, as of the last day of each calendar quartermonth, a ratio of (i) Quick Assets to (ii) Current Liabilities less current deferred maintenance revenues of at least 1.25 2.0 to 1.0.

Adjusted Quick Ratio. A ratio of Quick Assets to Current Liabilities minus Deferred Revenue of at least 1.5 to 1.0. Borrower shall maintain, maintain as of the last day of each calendar quarterquarter beginning with the quarter ending December 31, a ratio of (i) Quick Assets to (ii) Current Liabilities less current deferred maintenance revenues of at least 1.25 to 1.0.2007, unless otherwise noted:

Adjusted Quick Ratio. Borrower shall maintain, as of the last day of each calendar quartermonth, a ratio of (i) Quick Assets to (ii) Current Liabilities Liabilities, less current deferred maintenance revenues revenue, of at least 1.25 1.50 to 1.01.00.

Adjusted Quick Ratio. Borrower shall maintain, as of the last day of each calendar quartermonth, a ratio of (i) Quick Assets to (ii) Current Liabilities less current deferred maintenance revenues of at least 1.25 2.00 to 1.01.00.

Adjusted Quick Ratio. Borrower shall maintain, as of the last day of each fiscal quarter, a ratio of Quick Assets to Current Liabilities (excluding deferred revenue) of at least 2.0 to 1.0; provided, however, for each calendar month within each fiscal quarter, Borrower shall maintain, as of the last day of each calendar quartermonth, a ratio of (i) Quick Assets to (ii) Current Liabilities less current (excluding deferred maintenance revenues revenue) of at least 1.25 1.5 to 1.0.

Adjusted Quick Ratio. Borrower shall maintain, as of the last day of each calendar quartermonth, a ratio of (i) Quick Assets to (ii) Current Liabilities less current deferred maintenance revenues of at least 1.25 1.5 to 1.0.

Adjusted Quick Ratio. Borrower shall maintain, as of the last day of each calendar quartermonth, a ratio of (i) Quick Assets to (ii) Current Liabilities less current deferred maintenance revenues of at least 1.25 to 1.01.00. Upon the occurrence of and subsequent to an IPO/Equity Infusion, Borrower shall maintain, as of the last day of each calendar month, a ratio of Quick Assets to Current Liabilities of at least 1.50 to 1.00.

Adjusted Quick Ratio. Borrower shall maintain, measured as of the last day of each calendar quartermonth, on a consolidated basis, a ratio of (i) Adjusted Quick Assets to (ii) Current Liabilities plus, to the extent not already included therein, all Indebtedness (including without limitation any Contingent Obligations) owing from Borrower to Bank, less current deferred maintenance revenues contract revenue, of at least 1.25 1.00 to 1.01.

Adjusted Quick Ratio. As of the last day of each month, Borrower shall maintainmaintain a ratio of Quick Assets to Current Liabilities minus Deferred Revenue of at least 2.0 to 1.0. Commencing on April 1, 2005, and as of the last day of each calendar quarterquarter thereafter, Borrower shall maintain a ratio of (i) Quick Assets to (ii) Current Liabilities less current deferred maintenance revenues of at least 1.25 2.0 to 1.0.

Adjusted Quick Ratio. Borrower shall maintain, as of the last day -------------------- of each calendar quartermonth, a ratio of (i) Quick Assets to (ii) Current Liabilities less the sum of deferred revenue plus the current deferred maintenance revenues portion of Borrower's Subordinated Debt of at least 1.25 1.75 to 1.01.00.

Adjusted Quick Ratio. Borrower shall maintain, as of the last day of each calendar fiscal quarter, a ratio of (i) Quick Assets to (ii) Current Liabilities Liabilities, less current deferred maintenance revenues revenue of at least 1.25 1.75 to 1.0.

Adjusted Quick Ratio. Borrower shall maintainmaintain a ratio of -------------------- Quick Assets to Current Liabilities (exclusive of deferred revenues), (i) as of the last day of each calendar quarter, a ratio of (i) Quick Assets at least 1.50 to 1.0, and (ii) Current Liabilities less current deferred maintenance revenues intraquarterly, as of the last day of each calendar month, of at least 1.25 to 1.0.

Adjusted Quick Ratio. Borrower shall maintain, as of the last day of each calendar quartermonth, a ratio of (i) Quick Assets to (ii) Current Liabilities less current deferred maintenance revenues of at least 1.25 more than 1.15 to 1.01.00.

Adjusted Quick Ratio. Borrower shall maintain, as of the last day of each calendar quartermonth, a ratio of (i) Quick Assets to (ii) Current Liabilities less current minus any deferred maintenance revenues revenue of the Borrower of at least 1.25 1.50 to 1.0.