Quick Liabilities definition

Quick Liabilities are Current Liabilities, less Deferred Revenue, real estate related restructuring reserves, and customer deposits.

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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.