Adjusted Quick Ratio is the ratio of (a) Quick Assets to (b) Current Liabilities minus the current portion of Deferred Revenue.
Adjusted Quick Ratio means the ratio of (A) Borrower’s unrestricted cash and unrestricted Cash Equivalents maintained at Bank, plus the amount of Borrower’s billed accounts receivable, TO (B) the total of Borrower’s current liabilities, but not including non-refundable deferred revenue or maintenance deferred revenue.”
Adjusted Quick Ratio means, with respect to the Borrower, the ratio of Current Assets to Current Liabilities.
Examples of Adjusted Quick Ratio in a sentence
Permit the Adjusted Quick Ratio, as of the last day of each fiscal quarter of the Borrower, to be less than 1.25:1.00.
Permit the Adjusted Quick Ratio, tested as of the last day of each fiscal quarter, to be less than 1.25:1.00.
Tested only during each period (a) commencing on and including the last day of any fiscal quarter of Borrower for which the Borrower’s Adjusted Quick Ratio as of such day is less than 1.75:1.00, and (b) continuing until the Borrower’s Adjusted Quick Ratio as of the last day of a fiscal quarter of Borrower is at least 1.75:1.00 for two consecutive fiscal quarters.
More Definitions of Adjusted Quick Ratio
Adjusted Quick Ratio means, as of the date of determination, a ratio of Quick Assets to Current Liabilities.
Adjusted Quick Ratio is, as of any date of measurement, the ratio of (i) the sum of (a) Borrower’s unrestricted cash at Bank plus (b) Borrower’s net billed accounts receivable that are aged less than ninety (90) days divided by (ii) the difference between (a) Current Liabilities minus accrued but unpaid Series A and Series B Dividends.
Adjusted Quick Ratio means, for any date of determination, the ratio of (a) Quick Assets, to (b) the sum of (i) the principal amount of Term Loans outstanding and Advances plus (ii) Borrower’s accounts payable determined according to GAAP.
Adjusted Quick Ratio as of any date of determination, (a) the sum of (i) Qualified Cash, plus (ii) net billed trade Accounts of the Loan Parties, plus (iii) Unbilled Accounts Receivable; divided by (b) the result of (i) Current Liabilities minus (ii) to the extent included in Current Liabilities, the current portion of Deferred Revenue.
Adjusted Quick Ratio means a ratio of cash and cash equivalents plus net trade receivables to the amount of 70% of principal payments (up to US$4 million) owing to Cathay Bank under this contract for the next 12 months plus all other current liabilities, but excluding lease liabilities recognized under IFRS 16.
Adjusted Quick Ratio is (x) (i) Borrower’s unrestricted cash at Bank plus (ii) net billed accounts receivable divided by (y) (i) Current Liabilities minus (ii) current portion of Deferred Revenue.
Adjusted Quick Ratio is (a) the aggregate amount of Borrower’s unrestricted cash and Cash Equivalents maintained in a direct deposit account, money market account or “sweep” account at Bank and Bank’s Affiliates plus net billed accounts receivable; divided by (b) Current Liabilities (by way of clarification, this includes, without duplication, the non-current portion of the Term Loan D Advance) minus the current portion of Deferred Revenue.”