Consolidated Current Assets the total assets of the Group on a consolidated basis that may properly be classified as current assets in conformity with GAAP, excluding cash and Cash Equivalents: $[___,___,___]
Consolidated Current Assets. As of any date, all assets of the Borrower and its Subsidiaries on a consolidated basis that, in accordance with GAAP, are properly classified as current assets as of such date, but excluding cash or cash equivalents.
Consolidated Current Assets. All assets of SRI, the Borrower and their Subsidiaries on a consolidated basis that, in accordance with Generally Accepted Accounting Principles are properly classified as current assets, PROVIDED that (a) notes and accounts receivable shall be included only if good and collectible as determined by SRI or the Borrower in accordance with the Borrower's established practice consistently applied and, with respect to such notes, only if payable on demand or within one (1) year from the date as of which Consolidated Current Assets are to be determined and if not directly or indirectly renewable or extendible at the option of the debtors, by their terms, or by the terms of any instrument or agreement relating thereto, beyond one (1) year, and, with respect to such accounts receivable, only if payable on terms which are determined by SRI or the Borrower in accordance with established credit terms consistently applied; and such notes and accounts receivable shall be taken at their face value less reserves determined to be sufficient in accordance with Generally Accepted Accounting Principles; and (ii) inventory shall be included only if and to the extent that the same shall consist of saleable finished goods ready and available for shipment to purchasers thereof or saleable finished goods available for shipment and located on the Mortgaged Property or classified as "in transit" consistent with the Borrower's past practices. CONSOLIDATED CURRENT LIABILITIES. All liabilities of SRI, the Borrower and their Subsidiaries on a consolidated basis maturing on demand or within one (1) year from the date as of which Consolidated Current Liabilities are to be determined, and such other liabilities as may properly be classified as current liabilities in accordance with Generally Accepted Accounting Principles; provided, however that Consolidated Current Liabilities shall exclude outstanding Loans and the principal amount of the loans outstanding under the Seasonal Revolving Agreement.
Consolidated Current Assets at any date, the total consolidated current assets of Borrower and its Subsidiaries at such date (excluding those assets associated with the xxxx-to-market value of Hedging Agreements) determined in conformity with GAAP. Consolidated Current Liabilities: at any date, all liabilities of Borrower and its Subsidiaries at such date (excluding those liabilities associated with the xxxx-to-market value of Hedging Agreements) which should, in conformity with GAAP, be classified as current liabilities on a consolidated balance sheet of Borrower, excluding current maturities of long term Indebtedness.
Consolidated Current Assets the total current assets of Borrower and its Subsidiaries as measured in accordance with GAAP.
Consolidated Current Assets. Consolidated Current Assets" --------------------------- means, at any date, the aggregate amount of all assets of the Borrower and its Subsidiaries which would be properly classified as current assets at such date, all computed as per management statements prepared on a consistent basis.
Consolidated Current Assets. (1) All assets of the Borrowers and their Subsidiaries on a Consolidated basis that, in accordance with GAAP, are properly classified as current assets, including (without duplication) all crude oil, refined petroleum products or natural gas liquids in pipeline or storage assets owned by a Borrower at the time of determination, valued in accordance with GAAP............................... $__________
Consolidated Current Assets. All assets of the Borrower and its Subsidiaries on a consolidated basis that, in accordance with generally accepted accounting principles, are properly classified as current assets.
Consolidated Current Assets. (a) The Company must ensure that Consolidated Current Assets of the Group is at any time not less than 100 per cent. of Consolidated Current Liabilities (excluding current portion of long-term borrowings) of the Group at that time.
Consolidated Current Assets. Consolidated Current Assets" means the Current Assets of Borrower and its Subsidiaries on a consolidated basis.
