Minimum Current Ratio. The ratio referenced in Section 13.13 of the Agreement is 1.05:1.
Minimum Current Ratio means the minimum Current Ratio shown on Schedule A, measured quarterly.
Minimum Current Ratio means [ ] “Minimum Liquidity” means [ ]
Examples of Minimum Current Ratio in a sentence
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.
More Definitions of Minimum Current Ratio
Minimum Current Ratio is defined in Section 7.1(c).
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 means the current assets of a Borrower divided by the current liabilities of a Borrower, as determined under GAAP.
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.