Current Asset Ratio definition

Current Asset Ratio means, on any date of determination, the ratio of (a) the sum of cash, Permitted Investments, receivables and inventories of the Borrower and its Subsidiaries (other than Agere and its Subsidiaries) that would, in conformity with GAAP, appear on a consolidated balance sheet of the Borrower on such date to (b) the sum of (i) the aggregate amount of the Lucent Commitments as of such date and (ii) the aggregate amount of the External Sharing Debt (other than External Sharing Debt of the type described in clause (a) of the definition of "External Specified Debt") as of such date.
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Current Asset Ratio contained in Section 1.01 of the Credit Agreement is hereby amended by adding, after the words "consolidated balance sheet of the Borrower on such date" contained in clause (a) thereof, the words "plus the sum of (i) the excess, if any, of the Total Commitment on such date over the aggregate principal amount of the Loans outstanding on such date and (ii) the excess, if any, of the "Total Commitment" under the 364-Day Credit Agreement on such date over the aggregate principal amount of the "Loans" outstanding under the 364-Day Credit Agreement on such date "
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Current Asset Ratio on any date of determination, the ratio of (i) the sum of cash, Permitted Investments, receivables and inventories of the Borrower and its Subsidiaries (other than Agere and its Subsidiaries) that would, in conformity with GAAP, appear on a consolidated balance sheet of the Borrower on such date to (ii) the sum of (A) the aggregate amount of the Commitments as of such date and (B) the aggregate amount of the External Sharing Debt (other than External Sharing Debt of the type described in clause (i) of the definition of "External Specified Debt") as of such date.
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Examples of Current Asset Ratio in a sentence

  • Total Debt: Total outstanding debt Equity: GAAP total stockholder’s equity Debt to Current Asset Ratio: Borrower to maintain a Total Debt to Total Current Asset ratio equal to or less than .75x.

  • The Current Asset Ratio will be calculated as follows: Current Assets divided by Current Liabilities.

  • ORDC shall calculate this Current Asset Ratio using the financial statements of the C&OR.

  • Compliance with the Current Asset Ratio test during any period set forth above shall be determined in accordance with the most recently delivered Current Asset Ratio Certificate.

  • ORDC shall deem OHI-RAIL’s performance to be satisfactory in this category if OHI-RAIL demonstrates that it has a Current Asset Ratio which is more than 0.75 for the previous twelve (12) month period or calendar year.

  • ORDC shall calculate this Current Asset Ratio using the financial statements provided by OHI-RAIL under Section 8.01(f), below.

  • Operations/Financials: ORDC shall deem the C&OR=s performance to be satisfactory in this category if by July 2011, the C&OR shall demonstrate that it has a Current Asset Ratio which is more than .75 for the previous calendar year 2010.

  • ORDC shall calculate this Current Asset Ratio using the financial statements provided by under Section 8.01(f), below.

Related to Current Asset Ratio

  • Current Assets of any Person means all assets of such Person that would, in accordance with GAAP, be classified as current assets of a company conducting a business the same as or similar to that of such Person, after deducting adequate reserves in each case in which a reserve is proper in accordance with GAAP.

  • Current Ratio means the ratio of Current Assets to Current Liabilities.

  • Current Liabilities are all obligations and liabilities of Borrower to Bank, plus, without duplication, the aggregate amount of Borrower’s Total Liabilities that mature within one (1) year.

  • Consolidated Current Assets means, as at any date of determination, the total assets of Company and its Subsidiaries on a consolidated basis which may properly be classified as current assets in conformity with GAAP, excluding Cash and Cash Equivalents.

  • Consolidated Total Funded Debt means, as of the date of determination, the aggregate principal amount of all Funded Debt of the Borrower and its Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.