Modified Current Ratio Sample Clauses

Modified Current Ratio. 6. Sanctions ..........................................................................................
Sample 1
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Modified Current Ratio. Borrower shall maintain a ratio of (i) its current assets consisting of accounts receivable and inventory only, to (ii) the sum of (A) that portion of its current liabilities consisting of accounts payable only and (B) total outstanding Advances, as determined on a consolidated basis for Borrower and its Consolidated Subsidiaries in accordance with GAAP, of at least 1.50:1 at all times; provided, however, that (a) there shall be excluded from clause (i) above any such current assets of or belonging to Prisym and (b) there shall be excluded from clause (ii)(A) above any accounts payable owing by Prisym, unless and except to the extent that Borrower or any other Obligor then has guaranteed, or assumed liability for, the payment thereof.
Sample 1
Modified Current Ratio. Total Net Accounts Receivable 0.75 times Total Net Accounts Receivable Total Revolving Outstandings Actual Current Ratio Minimum Current Ratio Required
Sample 1
Modified Current Ratio. ‌ The PH-MCO must maintain current assets, plus long-term investments that can be converted to cash within five (5) Business Days without incurring an assessment of more than twenty (20) percent, which equal or exceed current liabilities.  If an assessment for conversion of long-term investments is applicable, only the value net of the assessment may be counted for the purpose of compliance with this requirement.  The definitions of current assets and current liabilities are included in the Financial Reporting Requirements.  Restricted assets may be included only with authorization from the Department.  The following types of long-term investments may be counted, consistent with above requirements, so long as they are not issued by or include an interest in an Affiliate: – Certificates of Deposit – United States Treasury Notes and Bonds – United States Treasury Bills – Federal Farm Credit Funding Corporation Notes and Bonds – Federal Home Loan Bank Bonds – Federal National Mortgage Association Bonds – Government National Mortgage Association Bonds – Municipal Bonds – Corporate Bonds – Stocks – Mutual Funds
Sample 1

Related to Modified Current Ratio

  • Consolidated Current Ratio The Borrower will not permit the Consolidated Current Ratio as of the last day of any fiscal quarter ending on or after the Effective Date, to be less than 1.00 to 1.00.

  • Minimum Current Ratio Permit the Current Ratio at the end of any fiscal quarter to be less than 1.00 to 1.00.

  • Current Ratio The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 and current maturities under this Agreement) to be less than 1.0 to 1.0.

  • Liquidity Ratio A Liquidity Ratio of at least 1.50 to 1.00.

  • Debt to Capitalization Ratio As of the last day of each fiscal quarter of the Borrower, the Debt to Capitalization Ratio shall be less than or equal to 0.70 to 1.0.

  • Loan-to-Value Ratio The fraction, expressed as a percentage, the numerator of which is the original principal balance of the related Mortgage Loan and the denominator of which is the Appraised Value of the related Mortgaged Property.

  • Adjustments to Conversion Ratios The number of Ordinary Shares that the holders of Rights are entitled to receive as a result of the occurrence of an Exchange Event shall be equitably adjusted to reflect appropriately the effect of any share split, reverse share split, share dividend, reorganization, recapitalization, reclassification, combination, exchange of shares or other like change with respect to the Ordinary Shares occurring on or after the date hereof and prior to the Exchange Event.

  • Debt to Worth Ratio To maintain at all times, on a consolidated basis, a ratio of Total Liabilities to Tangible Net Worth not exceeding 1.10 to 1.00.

  • Leverage Ratio The Borrower will not permit the Leverage Ratio to exceed 4.50 to 1.0 on the last day of any Fiscal Quarter.

  • Conversion Ratio Each share of Series A Preferred Stock shall be convertible, at the option of the holder thereof, at any time and from time to time, and without the payment of additional consideration by the holder thereof, into such number of fully paid and nonassessable shares of Common Stock as is determined by dividing the Series A Original Issue Price by the Series A Conversion Price (as defined below) in effect at the time of conversion. The “Series A Conversion Price” shall initially be equal to $0.71. Such initial Series A Conversion Price, and the rate at which shares of Series A Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.

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