Common use of Positive Working Capital Clause in Contracts

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 working capital of the 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 20.2.4 (Positive working capital) is thus [not] satisfied.

Positive Working Capital. The working capital of the Guarantor (on a consolidated basis) was [·]. The Borrower shall procure that 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 20.2.2 (Positive working capital) is thus [not] satisfied.

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 20.2.4 (Positive working capital) is thus [not] satisfied.

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 capital5.3.2(c) is thus [not] satisfied.

Positive Working Capital. The working capital of the 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 20.2.4 (Positive working capital) is thus [not] satisfied.

Positive Working Capital. The working capital of the Guarantor (on a consolidated basis) was [·]. The Borrowers shall procure that 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 20.2.2 (Positive working capital) is thus [not] satisfied.