Net Quick Assets definition

Net Quick Assets. Such current assets of the Borrower as consist of cash, cash-equivalents and Receivables (less an allowance for bad debt consistent with the Borrower's prior experience).
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Net Quick Assets. Such current assets of the Borrower as consist (without duplication) of cash, Cash-Equivalents, commercial paper (rated not less than A-1/P-1), money market mutual funds and Receivables (net of appropriate reserves), but excluding any of the foregoing which are subject to any pledge, lien, encumbrance or other restriction. "New Cambridge Premises" - Premises to be leased by the Borrower at ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇.
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Net Quick Assets. As determined at any time, the sum of (i) all cash and cash-equivalents then held by the Borrower PLUS (ii) all Receivables of the Borrower then outstanding (less an allowance for doubtful accounts based on the Borrower's prior experience).
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Examples of Net Quick Assets in a sentence

  • As determined at any date, the `Quick Ratio' is the ratio of (x) the Borrower's then Net Quick Assets to (y) outstanding Adjusted Current Liabilities.

  • The Borrower will maintain as at the end of each fiscal quarter of Borrower (commencing with its results as at December 31, 1997) a ratio of Net Quick Assets to Current Liabilities, which ratio shall be not less than 1.75 to 1.

  • The Borrower will maintain as at the end of each fiscal quarter of Borrower (commencing with its results as at September 30, 1996) a ratio of Net Quick Assets to Current Liabilities, which ratio shall be not less than 1.5 to 1.

  • The net quick assets of McDATA as of the Closing Date computed in accordance with Exhibit A hereto shall not be less than the Net Quick Assets Amount.

  • If the purchaser is the Corporation, then an amount equal to the lesser of percent ( %) of the purchase price or percent ( %) of the Corporation's Net Quick Assets, as determined by the Corporation's CPA, shall be paid at closing.

  • The Borrower will maintain as at the end of each fiscal quarter of Borrower (commencing with December 31, 1997), a ratio of (x) the Net Quick Assets of the Borrower and its Subsidiaries on a consolidated basis to (y) the Adjusted Current Liabilities of the Borrower and its Subsidiaries on a consolidated basis, which ratio shall be not less than 1.5 to 1.

  • If Net Quick Assets on the Balance Sheet Schedule minus Net Quick Assets on the Estimated Schedule is a positive number, Parent Preferred Shares having an absolute value of such amount shall be issued by Parent and subject to the last sentence of the clause (c), shall be delivered to the Representative.

  • The Borrower will maintain, as at the end of each fiscal quarter of Borrower (commencing December 31, 1998), a ratio of Net Quick Assets to Total Liabilities, which ratio shall be not less than 1.5 to 1.

  • As used herein, the "Liquidity Ratio", as determined at any date, means the ratio of (x) Net Quick Assets to (y) Adjusted Liabilities outstanding at that date.

  • The Borrower will maintain, as at the end of each fiscal quarter of the Borrower (commencing with its results as at June 30, 1999), a ratio of Net Quick Assets to Total Liabilities, which ratio shall be not less than 2.0 to 1.


More Definitions of Net Quick Assets

Net Quick Assets. Such current assets of the Borrower as consist of cash, cash-equivalents, readily-marketable securities permitted as investments under this letter agreement and Receivables (less an allowance for bad debt consistent with the Borrower's prior experience)."
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Net Quick Assets shall be defined as cash, cash-equivalents, readily-marketable securities and receivables (net of appropriate reserves).
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Net Quick Assets has the meaning set forth in (S) 2(k)
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Related to Net Quick Assets

  • Quick Assets means, at any date as of which the amount thereof shall be determined, the consolidated cash, cash-equivalents, accounts receivable and investments, with maturities not to exceed 90 days, of Borrower determined in accordance with GAAP.

  • net non-operating income means the difference between: (A) revenues from all sources other than those related to operations; and (B) expenses, including taxes and payments in lieu of taxes, incurred in the generation of revenues in (A) above.

  • Consolidated Cash Interest Expense means, for any period, Consolidated Interest Expense for such period, excluding any amount not payable in Cash.

  • Consolidated Cash Balance means, at any time, the aggregate amount of cash and cash equivalents, marketable securities, treasury bonds and bills, certificates of deposit, investments in money market funds and commercial paper, in each case held by the Parent and its Consolidated Subsidiaries.

  • Quick Ratio means, with respect to Lessee at any time, the ratio, determined on a consolidated basis in accordance with GAAP, of: