Minimum Current Ratio definition

Minimum Current Ratio. The ratio referenced in Section 13.13 of the Agreement is 1.05:1.

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Minimum Current Ratio means, as of any date of determination, the ratio of (a) consolidated current assets of the Borrower and its Consolidated Subsidiaries (including the Unused Availability to the extent that such unused portion can be borrowed by the Borrower without causing a Default after giving effect thereto, but excluding non-cash gains resulting from the requirements of ASC Topic 815) as of such date to (b) consolidated current liabilities of the Borrower and its Consolidated Subsidiaries (excluding non-cash losses resulting from the requirements of ASC Topic 815 and current maturities of the Obligations and other long-term indebtedness for borrowed money) as of such date.

Minimum Current Ratio means [ ] “Minimum Liquidity” means [ ]

Examples of Minimum Current Ratio in a sentence

• The Financial indicators of Party A shall on a continuous basis meet the following requirements: Maximum Monthly Capital/Debt 65% Minimum Current Ratio: 100% Minimum liquidity Ratio: 60% Maximum contingency liability/Capital 30% Maximum accumulated long term investment/Capital 30% Party B has the right to change unilaterally such requirements as to mandatory indicators provided that FIVE working-day advanced notice is issued to Party A.

• Borrower will maintain at all times a ratio of current assets to current liabilities, determined under consistently applied generally accepted accounting principles, of (Minimum Current Ratio) or more.

• Lender hereby waives any default by DSTLD solely under Section 5.13 of the Credit Agreement arising from DSTLD having a Minimum Current Ratio of less than 1.25.

• The Borrower will maintain, as of the end of each Fiscal Quarter, commencing with the Fiscal Quarter ending March 31, 2011, a Minimum Current Ratio of not less than 1.0 to 1.0.

• Minimum Current Ratio (as defined) not to be less than 1.0:1 as of the end of each fiscal quarter, commencing with 06/30/2010.

• Borrower will maintain at all times a ratio of current assets to current liabilities, determined under consistently applied generally accepted accounting principles, of 0 to 1.0 (Minimum Current Ratio) or more.

• From and after the Expiration Date, so long as the Credit Agreement is in effect, DSTLD shall maintain a Minimum Current Ratio of 1.25.

• Seller shall not permit the Current Ratio of Seller (and, if applicable, its Subsidiaries, on a consolidated basis), computed as of the end of each calendar month, to be less than the Minimum Current Ratio specified in the Terms Annex.

• The Borrower will not permit, as of the last day of any Fiscal Quarter, commencing with the Fiscal Quarter ending June 30, 2024, the Minimum Current Ratio to be less than 1.00 to 1.00.

• Borrower will maintain at all times a ratio of current assets to current liabilities, determined under consistently applied generally accepted accounting principles of (Minimum Current Ratio) or more.

More Definitions of Minimum Current Ratio

Minimum Current Ratio means the current assets of a Borrower divided by the current liabilities of a Borrower, as determined under GAAP.

Minimum Current Ratio means Borrower’s minimum Current Ratio shown on Schedule A, measured quarterly.

Minimum Current Ratio means the minimum Current Ratio shown on Schedule A, measured quarterly.

Minimum Current Ratio means, as of any date of determination, the ratio of (a) consolidated current assets of the Borrower and its Consolidated Subsidiaries (including the Unused Availability to the extent that such unused portion can be borrowed by the Borrower without causing a Default after giving effect thereto, but excluding non-cash gains resulting from the requirements of IFRS 9) as of such date to (b) consolidated current liabilities of the Borrower and its Consolidated Subsidiaries (excluding non-cash losses resulting from the requirements of IFRS 9 and current maturities of the Obligations) as of such date.

Minimum Current Ratio is defined in Section 7.1(c).