Consolidated Current Ratio. The Borrower will not permit, at any time, the ratio of (i) consolidated current assets (including the Available Funds, but excluding non-cash assets under ASC 815) to (ii) consolidated current liabilities (excluding non-cash obligations under ASC 815 and current maturities under this Agreement) to be less than 1.0 to 1.0. This ratio shall be computed for the Parent, the Borrower and the Subsidiaries on a consolidated basis.
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Samples: Credit Agreement (Vanguard Natural Resources, LLC), Credit Agreement (Vanguard Natural Resources, LLC)
Consolidated Current Ratio. The Borrower will not permit, at any time, the ratio of (i) consolidated current assets (including the Available FundsFunds (under the First Lien Credit Agreement), but excluding non-cash assets under ASC 815) to (ii) consolidated current liabilities (excluding non-cash obligations under ASC 815 and current maturities under this Agreement or the First Lien Credit Agreement) to be less than 1.0 to 1.0. This ratio shall be computed for the Parent, the Borrower and the Subsidiaries on a consolidated basis.
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Samples: Term Loan Agreement (Vanguard Natural Resources, LLC)
Consolidated Current Ratio. The Borrower will not permit, at any time, the ratio of (i) consolidated current assets (including the Available Fundsunused amount of the total Commitments, but excluding non-cash assets under ASC 815FAS 133) to (ii) consolidated current liabilities (excluding non-cash obligations under ASC 815 FAS 133 and current maturities under this AgreementAgreement and under the Revolver) to be less than 1.0 to 1.0. This ratio shall be computed for the ParentBorrower, the Borrower Consolidated Subsidiaries and the Subsidiaries Vanguard Resources on a consolidated basis.
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Samples: Term Loan Agreement (Vanguard Natural Resources, LLC)
Consolidated Current Ratio. The Borrower will not permit, at any time, the ratio of (i) consolidated current assets (including the Available Funds, but excluding non-cash assets under ASC 815) to (ii) consolidated current liabilities (excluding non-cash obligations under ASC 815 and current maturities under this Agreement and current maturities under the Citi Term Loan Credit Agreement) to be less than 1.0 to 1.0. This ratio shall be computed for the Parent, the Borrower and the Subsidiaries on a consolidated basis."
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