Common use of Adjusted Quick Ratio Clause in Contracts

Adjusted Quick Ratio. Borrower shall maintain, as of the last day of each quarter, a ratio of Quick Assets to Current Liabilities minus Deferred Maintenance Revenue of at least 1.50 to 1.0. For purposes hereof, "Deferred Maintenance Revenue" is all amounts received in advance of performance under maintenance contracts and not yet recognized as revenue.

Adjusted Quick Ratio. Borrower shall maintain, as of the last day of each quartercalendar month, a ratio of Quick Assets to Current Liabilities minus Deferred Maintenance Revenue any deferred maintenance revenue of at least 1.50 1.3 to 1.0. For purposes hereof, "Deferred Maintenance Revenue" is all amounts received in advance of performance under maintenance contracts and not yet recognized as revenue.

Adjusted Quick Ratio. Borrower shall maintain, as of the last day of each quartercalendar month, a ratio of (i) Quick Assets to (ii) Current Liabilities minus Deferred Maintenance Revenue less current deferred revenues of at least 1.50 2.0 to 1.0. For purposes hereof, "Deferred Maintenance Revenue" is all amounts received in advance of performance under maintenance contracts and not yet recognized as revenue.

Adjusted Quick Ratio. Borrower shall maintain, as of the last day of each calendar quarter, a ratio of (i) Quick Assets to (ii) Current Liabilities minus Deferred Maintenance Revenue less current deferred maintenance revenues of at least 1.50 1.25 to 1.0. For purposes hereof, "Deferred Maintenance Revenue" is all amounts received in advance of performance under maintenance contracts and not yet recognized as revenue.

Adjusted Quick Ratio. Borrower shall maintainmaintain a ratio of Quick Assets to Current Liabilities, less current deferred maintenance revenue as follows: (a) as of the last day of each fiscal quarter, a ratio of Quick Assets to Current Liabilities minus Deferred Maintenance Revenue of at least 1.50 1.75 to 1.0. For purposes hereof; and (b) as of the last day of each month that is not the last month of a fiscal quarter, "Deferred Maintenance Revenue" is all amounts received of at least 1.0 to 1.0. (e) Section 6.9 shall be deleted in advance of performance under maintenance contracts its entirety and not yet recognized as revenue.replace with the following new Section 6.9:

Adjusted Quick Ratio. Borrower shall maintainmaintain a ratio of -------------------- Quick Assets to Current Liabilities (exclusive of deferred revenues), (i) as of the last day of each calendar quarter, of at least 1.50 to 1.0, and (ii) intraquarterly, as of the last day of each quartercalendar month, a ratio of Quick Assets to Current Liabilities minus Deferred Maintenance Revenue of at least 1.50 1.25 to 1.0. For purposes hereof, "Deferred Maintenance Revenue" is all amounts received in advance of performance under maintenance contracts and not yet recognized as revenue.

Adjusted Quick Ratio. Borrower shall maintain, as of the last day of each fiscal quarter, a ratio of Quick Assets to Current Liabilities minus Deferred Maintenance Revenue (excluding deferred revenue) of at least 1.50 2.0 to 1.0. For purposes hereof; provided, "Deferred Maintenance Revenue" is all amounts received in advance however, for each calendar month within each fiscal quarter, Borrower shall maintain, as of performance under maintenance contracts and not yet recognized as the last day of each calendar month, a ratio of Quick Assets to Current Liabilities (excluding deferred revenue) of at least 1.5 to 1.0.

Adjusted Quick Ratio. Borrower shall maintainmaintain a ratio of Quick Assets to Current Liabilities, less deferred maintenance revenue as follows: (a) as of the last day of each fiscal quarter, a ratio of Quick Assets to Current Liabilities minus Deferred Maintenance Revenue of at least 1.50 to 1.0. For purposes hereof; and (b) as of the last day of each month that is not the last month of a fiscal quarter, of at least 1.0 to 1.0."Deferred Maintenance Revenue" is all amounts received (e) Section 6.9 shall be deleted in advance of performance under maintenance contracts its entirety and not yet recognized as revenue.replaced with the following new Section 6.9:

Adjusted Quick Ratio. Borrower shall maintain, as of the last day of each quartercalendar month, a ratio of Quick Assets to Current Liabilities minus Deferred Maintenance Revenue Liabilities, less deferred revenue, of at least 1.50 to 1.0. For purposes hereof, "Deferred Maintenance Revenue" is all amounts received in advance of performance under maintenance contracts and not yet recognized as revenue1.00.

Adjusted Quick Ratio. Borrower shall maintain, as of the last day of each fiscal quarter, a ratio of Quick Assets to Current Liabilities minus Deferred Maintenance Revenue Liabilities, less current deferred maintenance revenue of at least 1.50 1.75 to 1.0. For purposes hereof, "Deferred Maintenance Revenue" is all amounts received in advance of performance under maintenance contracts and not yet recognized as revenue.

Adjusted Quick Ratio. Borrower shall maintain, as of the last day of each quarter, a A ratio of Quick Assets to Current Liabilities minus Deferred Maintenance Revenue of at least 1.50 1.5 to 1.0. For purposes hereofBorrower shall maintain as of the last day of each quarter beginning with the quarter ending December 31, "Deferred Maintenance Revenue" is all amounts received in advance of performance under maintenance contracts and not yet recognized as revenue.2007, unless otherwise noted:

Adjusted Quick Ratio. Borrower shall maintain, as of the last day of each quartercalendar month, a ratio of Quick Assets to Current Liabilities minus Deferred Maintenance Revenue any deferred revenue of the Borrower of at least 1.50 to 1.0. For purposes hereof, "Deferred Maintenance Revenue" is all amounts received in advance of performance under maintenance contracts and not yet recognized as revenue.