Common use of Minimum Quick Ratio Clause in Contracts

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 -------------------------------------------------