Consolidated Current Assets. at any date, the total consolidated current assets of Borrower and its Subsidiaries at such date (excluding those assets associated with the ▇▇▇▇-to-market value of Hedging Agreements) determined in conformity with GAAP. Consolidated Current Liabilities: at any date, all liabilities of Borrower and its Subsidiaries at such date (excluding those liabilities associated with the ▇▇▇▇-to-market value of Hedging Agreements) which should, in conformity with GAAP, be classified as current liabilities on a consolidated balance sheet of Borrower, excluding current maturities of long term Indebtedness.
Appears in 2 contracts
Sources: Credit Agreement (Parsley Energy, Inc.), Credit Agreement (Parsley Energy, Inc.)