Common use of Adjusted Quick Ratio Clause in Contracts

Adjusted Quick Ratio. Borrower shall at all times, measured on a monthly basis, maintain a ratio of Cash held at Bank or at Bank’s Affiliates subject to account control agreements in favor of Bank plus Eligible Accounts to Current Liabilities plus (to the extent not already included therein) all Indebtedness to Bank (excluding any amounts outstanding under the ACH Sublimit) less the current portion of Deferred Revenue of at least 1.10 to 1.00.

Adjusted Quick Ratio. Borrower shall at all times, measured on a monthly basis, maintain a ratio of Cash held at Bank or at Bank’s Affiliates subject to account control agreements in favor of Bank plus Eligible Accounts to Current Liabilities plus (to the extent not already included therein) all Indebtedness to Bank (excluding any amounts outstanding under the ACH Sublimitin connection with Automated Clearing House transactions) less the current portion of Deferred Revenue of at least 1.10 1.25 to 1.00.

Adjusted Quick Ratio. Borrower shall at all times, measured on a monthly basis, maintain a ratio of Cash held at Bank or at Bank’s Affiliates subject to account control agreements in favor of Bank plus Eligible Accounts to Current Liabilities plus (to the extent not already included therein) all Indebtedness to Bank (excluding any amounts outstanding under the ACH Sublimitin connection with Automated Clearing House transactions) less the current portion of Deferred Revenue of at least 1.10 to 1.00.