Positive Working Capital. The working capital of the Guarantor (on a consolidated basis) was [·]. The Guarantor (on a consolidated basis) shall at all times following the delivery of the Compliance Certificate for the period ending 30 June 2010, ensure that its current assets exceeds its current liabilities (excluding the current portion of long term debt), all as determined in accordance with GAAP. The covenant set out in Clause 14.2.2 (Positive working capital) is thus [not] satisfied.
Positive Working Capital. The Borrower shall, on a consolidated basis, at all times during the Security Period maintain a positive Working Capital.
Positive Working Capital. The Working Capital of the Borrower was [—]. The Working Capital of the Borrower shall at all timed during the Security Period be positive and the covenant in Clause 22.2.4 (Positive Working Capital) is thus [not] satisfied.
Positive Working Capital. The Guarantor (on a consolidated basis) shall at all times following the delivery of the Compliance Certificate for the period ending on 30 June 2010, ensure that its current assets exceed its current liabilities (excluding the current portion of long term debt), all as determined in accordance with GAAP.
Positive Working Capital. As of the first anniversary of the Drawdown Date and at all times thereafter during the Security Period, each of the Borrowers shall maintain Positive Working Capital.
Positive Working Capital. The Borrowers shall procure that the Guarantor (on a consolidated basis) shall at all times ensure that its current assets exceed its current liabilities (excluding the portion of long term debt), all as determined in accordance with GAAP.
Positive Working Capital. The Company shall have a positive working capital as of the end of the month immediately preceding the month in which the Effective Date occurs.
Positive Working Capital. McGladrey & Xxxxxx, LLP shall have delivered to Parent and SMB pursuant to Section 5.12 a Working Capital Notice setting forth that the Parent Working Capital is a positive number.
Positive Working Capital. The Borrowers shall and shall procure that the Guarantor (on a consolidated basis) shall at all times ensure that their current assets exceed their current liabilities (excluding the portion of long term debt) and of which an amount of the higher of six per cent (6.00%) of the long-term debt and USD 5,000,000 shall be in cash or money market investments, all as determined in accordance with GAAP. 20.2.5 Minimum value The Borrowers shall ensure that the Market Value of the First Vessels be at least: a) one hundred and ten per cent (110.00%) of Facility A in year 1 to 3 (including) and one hundred and twenty per cent (120.00%) of Facility A at any time thereafter; and
Positive Working Capital. The working capital of the Borrowers was [•] and of the Guarantor (on a consolidated basis) was [·].
