Quick Liabilities definition

Quick Liabilities are Current Liabilities, less Deferred Revenue, real estate related restructuring reserves, and customer deposits.
Quick Liabilities means all obligations of the Borrower that are or should be required under GAAP to be classified as liabilities on the consolidated balance sheet of the Borrower, including without limitation, the then current portion of the Term Loan facility and the then-current portion of any deferred earn-out obligations under or relating to the Target Acquisition and any other Acquisition.
Quick Liabilities are Current Liabilities, less (i) the current portion of Subordinated Debt and Deferred Revenue, and (ii) accrued bonuses due to employees.

Examples of Quick Liabilities in a sentence

  • A ratio of Quick Assets to Quick Liabilities of at least 0.95 to 1.0 for the quarter ending December 31, 2008 and for each fiscal quarter thereafter.

  • A ratio of Quick Assets to Quick Liabilities of at least 1.25 to 1.0 for the quarter ending June 30, 2010 and for each fiscal quarter thereafter.

  • The least of (i) Six Million Five Hundred ------------------- Thousand Dollars ($6,500,000), (ii) the amount of cash of MRL on hand as of the Closing Date in excess of Four Million Five Hundred Thousand Dollars ($4,500,000), as reflected on the Closing Balance Sheet of MRL, and (iii) the amount, if any, by which the Quick Assets exceed two (2) times the Quick Liabilities.

  • A ratio of Quick Assets to Quick Liabilities of at least: (i) 0.95 to 1.0 for the quarters ending March 31, 2008, June 30, 2008 and September 30, 2008; and (ii) 1.0 to 1.0 for the quarters ending December 31, 2008 and March 31, 2009.

  • The unaudited balance sheet of MRL which also --------------------- specifically sets forth the Quick Assets and Quick Liabilities, all as of the opening of business on the Closing Date, subject to PPD's right to audit the Closing Balance Sheet and have it adjusted in accordance with Section 6.12.

  • If the Quick Assets do not exceed two (2) times its Quick Liabilities as of the Closing Date, then Excess Quick Assets shall equal zero.


More Definitions of Quick Liabilities

Quick Liabilities are Current Liabilities less the portion of Current Liabilities that constitute Deferred Revenue.
Quick Liabilities are Current Liabilities, less (i) the current portion of Subordinated Debt and Deferred Revenue, and less (ii) accrued bonuses due to employees.
Quick Liabilities has the meaning set forth in (S) 2(k)(i). "REA" means the reciprocal easement agreements set forth in the Disclosure Statement.

Related to Quick Liabilities

  • Parent Liabilities shall have the meaning set forth in Section 2.3(b).

  • Contingent Liabilities means, respectively, each obligation and liability of the Credit Parties and all such obligations and liabilities of the Credit Parties incurred pursuant to any agreement, undertaking or arrangement by which any Credit Party either: (i) guarantees, endorses or otherwise becomes or is contingently liable upon (by direct or indirect agreement, contingent or otherwise, to provide funds for payment, to supply funds to, or otherwise to invest in, a debtor, or otherwise to assure a creditor against loss) the indebtedness, dividend, obligation or other liability of any other Person in any manner (other than by endorsement of instruments in the course of collection), including without limitation, any indebtedness, dividend or other obligation which may be issued or incurred at some future time; (ii) guarantees the payment of dividends or other distributions upon the shares or ownership interest of any other Person; (iii) undertakes or agrees (whether contingently or otherwise): (A) to purchase, repurchase, or otherwise acquire any indebtedness, obligation or liability of any other Person or any property or assets constituting security therefor; (B) to advance or provide funds for the payment or discharge of any indebtedness, obligation or liability of any other Person (whether in the form of loans, advances, stock purchases, capital contributions or otherwise), or to maintain solvency, assets, level of income, working capital or other financial condition of any other Person; or (C) to make payment to any other Person other than for value received; (iv) agrees to lease property or to purchase securities, property or services from such other Person with the purpose or intent of assuring the owner of such indebtedness or obligation of the ability of such other Person to make payment of the indebtedness or obligation; (v) to induce the issuance of, or in connection with the issuance of, any letter of credit for the benefit of such other Person; or (vi) undertakes or agrees otherwise to assure or insure a creditor against loss. The amount of any Contingent Liability shall (subject to any limitation set forth herein) be deemed to be the outstanding principal amount (or maximum permitted principal amount, if larger) of the indebtedness, obligation or other liability guaranteed or supported thereby.

  • Employee Liabilities means all claims, actions, proceedings, orders, demands, complaints, investigations (save for any claims for personal injury which are covered by insurance) and any award, compensation, damages, tribunal awards, fine, loss, order, penalty, disbursement, payment made by way of settlement and costs, expenses and legal costs reasonably incurred in connection with a claim or investigation including in relation to the following:

  • Employment Liabilities means all claims, demands, actions, proceedings, damages, compensation, tribunal awards, fines, costs (including but not limited to reasonable legal costs), expenses and all other liabilities whatsoever;

  • Eligible Liabilities and “Special Deposits” have the meanings given to them from time to time under or pursuant to the Bank of England Act 1998 or (as may be appropriate) by the Bank of England;