Minimum Working Capital Ratio. As at the end of each of its fiscal quarters, the Borrower shall not permit the ratio of (i) the consolidated current assets (including cash and cash equivalents) of the Borrower and its Consolidated Subsidiaries to (ii) the consolidated current liabilities (excluding Debt under this Agreement) of the Borrower and its Consolidated Subsidiaries to be less than 1.20:1.
Minimum Working Capital Ratio. The Working Capital Ratio of Xxxxx Karan International and its Subsidiaries on a consolidated basis at the end of each fiscal quarter set forth below shall not be less than the ratio set forth opposite such quarter: Fiscal Quarter Ratio -------------- -----
Minimum Working Capital Ratio. Borrower and its Subsidiaries on a consolidated basis shall have, at the end of each Fiscal Quarter set forth below, a ratio of Accounts Payable to Inventory Value as of the last day of such Fiscal Quarter of not less than the ratio set forth opposite such Fiscal Quarter set forth below: Period Minimum Working Capital Ratio ------ ----------------------------- Fiscal Quarter ending on June 30, 2003 2.30 to 1.00 Fiscal Quarter ending on September 30, 2003 2.55 to 1.00 Fiscal Quarter ending on December 31, 2003 3.90 to 1.00 Fiscal Quarter ending on March 31, 2004 3.20 to 1.00 Fiscal Quarter ending on June 30, 2004 2.30 to 1.00 Fiscal Quarter ending on September 30, 2004 2.60 to 1.00 Fiscal Quarter ending on December 31, 2004 3.90 to 1.00 Fiscal Quarter ending on March 31, 2005 3.20 to 1.00 Fiscal Quarter ending on June 30, 2005 2.30 to 1.00 Fiscal Quarter ending on September 30, 2005 2.60 to 1.00 Fiscal Quarter ending on December 31, 2005 3.90 to 1.00 Fiscal Quarter ending on March 31, 2006 3.20 to 1.00 Fiscal Quarter ending on June 30, 2006 2.30 to 1.00 Fiscal Quarter ending on September 30, 2006 2.60 to 1.00 Fiscal Quarter ending on December 31, 2006 3.90 to 1.00 Fiscal Quarter ending on March 31, 2007 3.20 to 1.00
Minimum Working Capital Ratio. The Working Capital Ratio of Xxxxx Karan International and its Subsidiaries on a consolidated basis at the end of each fiscal quarter set forth below shall not be less than the ratio set forth opposite such quarter: Fiscal Quarter Ratio -------------- ----- Fourth Fiscal Quarter 1996 2.0 to 1.0 First Fiscal Quarter 1997 2.0 to 1.0 Second Fiscal Quarter 1997 2.0 to 1.0 Third Fiscal Quarter 1997 2.0 to 1.0 Fourth Fiscal Quarter 1997 2.5 to 1.0 First Fiscal Quarter 1998 2.5 to 1.0 Second Fiscal Quarter 1998 2.5 to 1.0 Third Fiscal Quarter 1998 2.5 to 1.0 Fourth Fiscal Quarter 1998 2.5 to 1.0 First Fiscal Quarter 1999 2.5 to 1.0 Second Fiscal Quarter 1999 2.5 to 1.0 Third Fiscal Quarter 1999 2.5 to 1.0
Minimum Working Capital Ratio. The Borrower will not permit its Working Capital Ratio on the last day of any fiscal quarter (starting with the fiscal quarter ended on March 31, 2002) to be less than 1.25:1.00."
Minimum Working Capital Ratio. The Loan Parties shall not permit at the end of any fiscal quarter of the Company the ratio of (i) the sum of Company's and its Subsidiaries' (A) cash and cash equivalents, (B) accounts receivable net of bad debt reserves plus (C) inventory net of any reserves, in each case as determined and consolidated in accordance with GAAP, to (ii) the sum of (A) the Revolving Credit Loans plus (B) the Swing Loans plus (C) the Company's and its Subsidiaries' accounts payable as determined and consolidated in accordance with GAAP plus (D) the Company's and its Subsidiaries other current liabilities as determined and consolidated in accordance with GAAP, to be less than 1.15 to 1.00.
Minimum Working Capital Ratio. (A) Until the Maturity Date has been extended pursuant to Sections 2.11(A) or 2.11(B) hereof, the Borrower will not permit the Working Capital Ratio, for any of the fiscal months set forth below, to be less than the respective ratio indicated for such fiscal months:
Minimum Working Capital Ratio. 3 Not permit the Working Capital Ratio as of the last day of each calendar quarter ending during the periods (inclusive) set forth below to be less than the amount set forth opposite such period: PERIOD AMOUNT ------------------------------------------------------------------------------------- ----------- June 30, 1997 through September 30, 1999............................................. .20 December 31, 1999 and the last day of each calendar quarter thereafter............... .33
Minimum Working Capital Ratio. Company shall not permit the ratio of (a) Consolidated Accounts Receivable plus Consolidated Inventory to (b) Total Bank Indebtedness as of the last day of any fiscal quarter of Company set forth below to be less than the correlative amount indicated: PERIOD MINIMUM WORKING CAPITAL RATIO ------ ----------------------------- Fiscal quarter ended March 31, 1997 0.73:1.00 Fiscal quarter ended June 30, 1997 0.71:1.00 Fiscal quarter ended September 30, 1997 0.71:1.00 Fiscal quarter ended December 31, 1997 0.74:1.00 Fiscal quarter ended March 31, 1998 and thereafter 0.75:1.00
Minimum Working Capital Ratio. Permit the Working Capital Ratio as of the end of each fiscal quarter of the Borrower, beginning with the fiscal quarter ending September 30, 2009, to be less than 1.20 to 1.00.
