Modified Quick Ratio. The Company shall not as of the end of -------------------- any fiscal quarter suffer or permit its ratio (determined on a Consolidated basis) of (a) cash plus the value (valued in accordance with GAAP) of all Cash Equivalents, other than Cash Equivalents subject to a Lien securing Indebtedness, plus net Receivables, plus Fujitsu Receivables, to (b) Consolidated Current Liabilities, to be less than (i) 0.75 to 1.00 at the end of each of the first, second and third fiscal quarters of 1999, (ii) 0.80 to 1.00 at fiscal year-end 1999, (iii) 0.90 to 1.00 at the end of the first fiscal quarter of 2000, and (iv) 1.00 to 1.00 at the end of the second fiscal quarter of 2000 and thereafter." (vi) Section 7.16 of the Credit Agreement is hereby amended and restated in its entirety as follows:
Appears in 2 contracts
Sources: Credit Agreement (Advanced Micro Devices Inc), Credit Agreement (Advanced Micro Devices Inc)