Minimum Quick Ratio. The Quick Ratio to be less than 1.50 to 1.00.
Minimum Quick Ratio. Permit the Quick Ratio determined as of the last day of any fiscal quarter of Borrower (commencing with the quarter ending March 31, 2000) to be less than 1.10:1.
Minimum Quick Ratio. The Borrower shall maintain, on a consolidated basis, a Quick Ratio not less than 1.50 to 1.0 measured at each fiscal quarter end.
Minimum Quick Ratio. Maintain at the end of each fiscal quarter of the Borrower a ratio of (i) the sum of (w) cash on hand or on deposit in any bank or trust company which has not suspended business, (x) Cash Equivalent Investments (without duplication with (w)) and (y) net outstanding amount of accounts receivable to (ii) (x) Current Liabilities plus the outstanding amount of the Revolving Credit Loan less the amount of any deferred revenue of not less than 1.25:1.00. Each item described in clauses (i) and (ii) of this Section 5.1.11 shall be calculated as of the last day of the Borrower fiscal quarter and include only the item(s) in question of the Borrower and its Subsidiaries on a consolidated basis.
Minimum Quick Ratio. At the end of each fiscal quarter set forth below, the Ratio of (a) consolidated Adjusted Current Assets to (b) consolidated Adjusted Current Liabilities shall not be less than the Minimum Ratios set forth below: Fiscal Quarter Ending Minimum Ratio --------------------- ------------- June 30, 1999 1.75:1.00 September 30, 1999 1.50:1.00 December 31, 1999 1.75:1.00 Each Fiscal Quarter Thereafter 1.75:1.00
Minimum Quick Ratio. The Borrower will not at any time during any period set forth in the table below permit the Quick Ratio to be less than the ratio set forth opposite such period in such table: ------------------------------------------------- PERIOD RATIO ------------------------------------------------- June __, 1998 - last day of 1.00:1.00 the First Fiscal Quarter of 1999 ------------------------------------------------- First day of the Second 0.90:1.00 Fiscal Quarter of 1999- last day of the Second Fiscal Quarter of 2000 ------------------------------------------------- any time thereafter 1.00:1.00 -------------------------------------------------
Minimum Quick Ratio. Pursuant to Section 6.3(a)(ii) of the Credit Agreement, as of the Reporting Date, the Companies’ Quick Ratio was _____ : 1.0 which o satisfies o does not satisfy the requirement that ratio must not be less than (i) 1.1 to 1.0 for each fiscal quarter ending from the Closing Date through and including the fiscal quarter ending May 31, 2011 and (ii) 1.25 to 1.0 for each fiscal quarter ending thereafter.
Minimum Quick Ratio. A ratio of Quick Assets to Current Liabilities of at least 1.50 to 1.00 and after two consecutive fiscal quarters of EBITDA exceeding $250,000 per quarter, then at least 1.25 to 1.00.
Minimum Quick Ratio. Maintain at the end of each fiscal quarter of the Borrower a ratio of (i) the sum of (w) cash on hand or on deposit in any bank or trust company which has not suspended business, (x) Cash Equivalent Investments (without duplication with (w); provided however that if the amount outstanding under the Loans shall be equal to or greater than $1,000,000, the sum of (w) and (x) shall not exceed $1,000,000 for the purposes of calculating compliance with this ratio) and (y) net outstanding amount of accounts receivable taking into account allowances for doubtful or uncollectible accounts receivable to (ii) (x) Current Liabilities less the sum of (y) the outstanding amount of the Loan (to the extent included in Current Liabilities) and (z) the amount of any deferred revenue of not less than 1.25:1.00. Each item described in clauses (i) and (ii) of this SECTION 5.1.25 shall be calculated as of the last day of the Borrower fiscal quarter and include only the item(s) in question of the Borrower and its Subsidiaries on a consolidated basis.
Minimum Quick Ratio. The ratio (the "Quick Ratio") of -------------------
