Common use of Consolidated Current Assets Clause in Contracts

Consolidated Current Assets. All assets of the Borrower and its Subsidiaries on a consolidated basis that, in accordance with generally accepted accounting principles, are properly classified as current assets.

Consolidated Current Assets. All assets of the Borrower and its Subsidiaries Borrowers, on a consolidated basis thatbasis, which may properly be classified as current assets in accordance with generally accepted accounting principles, are properly classified as current assetsGenerally Accepted Accounting Principles.