Minimum Current Ratio. The Borrower, on a consolidated basis, shall maintain at all times, as measured at the end of each fiscal quarter, a ratio of Current Assets to Current Liabilities of not less than 2.0 to 1.0.
Appears in 2 contracts
Samples: Credit Agreement (Tridex Corp), Credit Agreement (Transact Technologies Inc)
Minimum Current Ratio. The Borrower, on a consolidated basis, shall maintain at all times, as measured at the end of each fiscal quarter, commencing April 30, 1998, a ratio of Current Assets to Current Liabilities of not less than 2.0 1.50 to 1.0.
Appears in 1 contract
Minimum Current Ratio. The Borrower, on a consolidated basis, Borrowers shall maintain at all times, as measured at the end of each fiscal quarter, for each fiscal quarter through and including the fiscal quarter in which the Distribution occurs, a ratio of Consolidated Current Assets to Consolidated Current Liabilities of not less than 1.5 to 1.0, and for each succeeding fiscal quarter, a ratio of Consolidated Current Assets to Consolidated Current Liabilities of not less than 2.0 to 1.0.
Appears in 1 contract
Samples: Tridex Corp
Minimum Current Ratio. The Borrower, on a consolidated basis, Borrowers shall maintain at all times, as measured at the end of each fiscal quarter, a ratio of Consolidated Current Assets to Consolidated Current Liabilities of not less than 2.0 1.20 to 1.0.
Appears in 1 contract
Samples: Credit Agreement (Tridex Corp)
