Common use of Current Assets Clause in Contracts

Current Assets. Current Assets means the aggregate amount of all the assets of the Borrower and its Subsidiaries, on a consolidated basis, assets which would, in accordance with GAAP, properly be defined as current assets.

Appears in 5 contracts

Samples: Loan Agreement (Peerless Manufacturing Co), Loan Agreement (Peerless Manufacturing Co), Loan Agreement (Peerless Manufacturing Co)

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Current Assets. Current Assets means means, with respect to the Corporate Guarantor and the Borrower on a consolidated basis, the aggregate amount of all the assets of the Borrower and its Subsidiaries, on a consolidated basis, assets which would, in accordance with GAAP, properly be defined as current assets.

Appears in 1 contract

Samples: Loan Agreement (Fountain Powerboat Industries Inc)

Current Assets. Current Assets means the aggregate amount of all the assets of the Borrower and its Subsidiaries, on a consolidated basis, Borrower's assets which would, in accordance with GAAP, GAAP properly be defined as current assets.

Appears in 1 contract

Samples: Loan Agreement (Tandy Brands Accessories Inc)

Current Assets. Current Assets means the aggregate amount of all the assets of the Borrower and its Subsidiaries, on a consolidated basis, Borrower's assets which would, in accordance with GAAP, properly be defined as current assets.

Appears in 1 contract

Samples: Loan Agreement (Insurance Management Solutions Group Inc)

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Current Assets. Current Assets means the aggregate amount of all the assets of the Borrower and its Subsidiaries, on a consolidated basis, assets which would, in accordance with GAAP, properly be defined as current assets., but excluding the following items, if any: N/A

Appears in 1 contract

Samples: Restated Loan Agreement (Elcotel Inc)

Current Assets. Current Assets means the aggregate amount of all the assets of the Borrower and its Subsidiaries, on a consolidated basis, assets which would, in accordance with GAAP, properly be defined as current assets.

Appears in 1 contract

Samples: Loan Agreement (Dental Care Alliance Inc)

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