Positive working capital. The working capital of the the Guarantor (on a consolidated basis) was [·]. The Guarantor (on a consolidated basis) shall at all times ensure that its current assets exceeds its current liabilities (excluding the current portion of long term debt), all as determined in accordance with GAAP. The covenant set out in Clause 20.2.4 (Positive working capital) is thus [not] satisfied.
Positive working capital. Each of the Borrowers shall at all times during the Security Period maintain a positive Working Capital.
Positive working capital. The Working Capital of the Borrower was [—]. The Working Capital of the Borrower shall at all timed during the Security Period be positive and the covenant in Clause 22.2.4 (Positive Working Capital) is thus [not] satisfied.
Positive working capital. The Guarantor (on a consolidated basis) shall at all times following the delivery of the Compliance Certificate for the period ending on 30 June 2010, ensure that its current assets exceed its current liabilities (excluding the current portion of long term debt), all as determined in accordance with GAAP.
Positive working capital. As of the first anniversary of the Drawdown Date and at all times thereafter during the Security Period, each of the Borrowers shall maintain Positive Working Capital.
Positive working capital. The Borrower shall procure that the Corporate Guarantor (on a consolidated basis) shall at all times ensure that its current assets exceed its current liabilities (excluding the portion of long term debt), all as determined in accordance with GAAP.
Positive working capital. The Company shall have a positive working capital as of the end of the month immediately preceding the month in which the Effective Date occurs.
Positive working capital. McGladrey & Xxxxxx, LLP shall have delivered to Parent and SMB pursuant to Section 5.12 a Working Capital Notice setting forth that the Parent Working Capital is a positive number.
Positive working capital. The Consolidated Working Capital Ratio will not be less than 1.0 to 1.0.
Positive working capital. The Borrower shall at all times ensure that ExRe’s (on a consolidated basis) current assets (including any undrawn portion under available credit lines) exceed its current liabilities (including next year’s instalments on long-term debts and capital lease obligations), all as determined in accordance with GAAP.
