Common use of Calculation of Current Ratio Clause in Contracts

Calculation of Current Ratio. (Section 8.1) (To be calculated on a consolidated basis for Unit as of the Quarterly Calculation Date) Current Assets (including Available $_______________________ Aggregate Commitment) Divided by: Current Liabilities ÷_______________________ Consolidated Current Ratio: - _______________________ (must be equal to or greater than 1.0 to 1.0)

Appears in 2 contracts

Samples: Senior Credit Agreement (Unit Corp), Senior Credit Agreement (Unit Corp)

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Calculation of Current Ratio. (Section 8.1) (To be calculated on a consolidated basis for Unit as of the Quarterly Calculation Date) Current Assets (including Available Aggregate Commitment) $_______________________ Aggregate Commitment) Divided by: Current Liabilities ÷_______________________ Consolidated Current Ratio: - =_______________________ (must be equal to or greater than 1.0 to 1.0)

Appears in 1 contract

Samples: Senior Credit Agreement (Unit Corp)

Calculation of Current Ratio. (Section 8.1) (To be calculated on a consolidated basis for Unit as of the Quarterly Calculation Date) Current Assets (including Available $_______________________ Aggregate Commitment) Divided by: Current Liabilities ÷_______________________ Consolidated Current Ratio: - =_______________________ (must be equal to or greater than 1.0 to 1.0)

Appears in 1 contract

Samples: Senior Credit Agreement (Unit Corp)

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Calculation of Current Ratio. (Section 8.1) ------------------------------------------ (To be calculated on a consolidated basis for Unit as of the Quarterly Calculation Date) Current Assets (including Available Aggregate Commitment) $_______________________ Aggregate Commitment) Divided by: Current Liabilities ÷/_______________________ Consolidated Current Ratio: - = =_______________________ (must be equal to or greater than 1.0 to 1.0)

Appears in 1 contract

Samples: Credit Agreement (Unit Corp)

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