Common use of Adjusted Quick Ratio Clause in Contracts

Adjusted Quick Ratio. Borrower shall maintain at all times, to be tested as of the last day of each: (i) quarter, and (ii) month when a Credit Extension is requested or Obligations are outstanding, a ratio of Quick Assets to Current Liabilities minus Deferred Revenue of at least 1.75 to 1.0.

Adjusted Quick Ratio. Borrower shall maintain at all times, to be tested tested, as of the last day of each: (i) each quarter, and (ii) month when a Credit Extension is requested or Obligations are outstanding, a ratio of Quick Assets to Current Liabilities minus Deferred Revenue and customer deposits of at least 1.75 2.0 to 1.0.

Adjusted Quick Ratio. Borrower shall maintain at all times, ---------------------- to be tested as of the last day of each: (i) quartereach month, on a consolidated basis with respect to Borrower and (ii) month when a Credit Extension is requested or Obligations are outstandingits Subsidiaries, a ratio of (i) Quick Assets to (ii) Current Liabilities minus the current portion of Deferred Revenue of at least 1.75 1.25 to 1.01.00.

Adjusted Quick Ratio. Borrower and its Subsidiaries, on a consolidated basis, shall maintain at all times, to be tested as of the last day of each: (i) quarter, and (ii) month when a Credit Extension is requested or Obligations are outstandingeach month, a ratio of (i) Quick Assets to (ii) (A) Current Liabilities (excluding the Real Estate Debt), minus (B) Deferred Revenue Revenue, of at least 1.75 to 1.01.5:1.0.

Adjusted Quick Ratio. Borrower shall maintain at all times, to be tested as of the last day of each: (i) quartereach month, on a consolidated basis with respect to Borrower and (ii) month when a Credit Extension is requested or Obligations are outstandingits Subsidiaries, a ratio of (i) Quick Assets to (ii) Current Liabilities minus the current portion of Deferred Revenue of at least 1.75 1.25 to 1.01.00.