Common use of Minimum Quick Ratio Clause in Contracts

Minimum Quick Ratio. Maintain, on a consolidated basis, as of the end of each fiscal quarter, a ratio of (i) the sum of the aggregate Cash of Borrowers plus the aggregate amount of Accounts of Borrowers as of such date of determination, to (ii) current liabilities of Borrowers of not less than (a) 1.00 to 1.00 for the fiscal quarters ended September 30, 2010, December 31, 2010, March 31, 2011 and June 30, 2011 and (b) 1.25 to 1.00 for the fiscal quarter ending September 30, 2011 and the last day of each fiscal quarter thereafter.

Minimum Quick Ratio. Maintain, on a consolidated basis, as of the end of each fiscal quarter, commencing with the fiscal quarter ending September 30, 2008, a ratio of (i) the sum of the aggregate Cash of Borrowers plus the aggregate amount of Accounts of Borrowers as of such date of determination, to (ii) current liabilities of Borrowers of not less than (a) 1.00 to 1.00 for the fiscal quarters ended September 30, 2010, December 31, 2010, March 31, 2011 and June 30, 2011 and (b) 1.25 to 1.00 for the fiscal quarter ending September 30, 2011 and the last day of each fiscal quarter thereafter1.00.