Common use of Minimum Current Ratio Clause in Contracts

Minimum Current Ratio. The Borrower shall maintain a minimum ratio of Consolidated Current Assets divided by Consolidated Current Liabilities (all computed in accordance with generally accepted accounting principles consistently applied), measured as at the end of each of Borrower's fiscal quarters, of not less than 1.75 to 1;

Appears in 2 contracts

Sources: Loan Agreement (Oneida LTD), Loan Agreement (Oneida LTD)

Minimum Current Ratio. The Borrower Borrowers shall maintain at all times, as measured at the end of each fiscal quarter, a minimum ratio of Consolidated Current Assets divided by to Consolidated Current Liabilities (all computed in accordance with generally accepted accounting principles consistently applied), measured as at the end of each of Borrower's fiscal quarters, of not less than 1.75 1.20 to 1;1.0.

Appears in 1 contract

Sources: Credit Agreement (Tridex Corp)

Minimum Current Ratio. The Borrower shall will at all times have and maintain a minimum ratio of Consolidated Current Assets divided by to Consolidated Current Liabilities (all computed in accordance with generally accepted accounting principles consistently applied), measured as at the end of each fiscal quarter of Borrower's fiscal quarters, of not less than 1.75 at least 1.25 to 1;.

Appears in 1 contract

Sources: Revolving Credit Agreement (Halter Marine Group Inc)

Minimum Current Ratio. The Borrower 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 minimum ratio of Consolidated Current Assets divided by to Consolidated Current Liabilities (all computed in accordance with generally accepted accounting principles consistently applied), measured as at the end of each of Borrower's fiscal quarters, of not less than 1.75 1.5 to 1;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. (n) The following Section 8.8 is added to the Credit Agreement:

Appears in 1 contract

Sources: Amendment to Credit Agreement (Tridex Corp)