Adjusted Quick Ratio. Borrower shall maintain at all times, to be tested, as of the last day of each quarter, a ratio of Quick Assets to Current Liabilities minus Deferred Revenue and customer deposits of at least 2.0 to 1.0.
Appears in 2 contracts
Samples: Third Loan Modification Agreement (American Science & Engineering Inc), Third Loan Modification Agreement (American Science & Engineering Inc)
Adjusted Quick Ratio. Borrower shall maintain at all times, to be tested, tested as of the last day of each 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 and customer deposits of at least 2.0 1.75 to 1.0.
Appears in 2 contracts
Samples: Loan and Security Agreement (Axs One Inc), Second Loan Modification Agreement (Axs One Inc)
Adjusted Quick Ratio. Borrower shall maintain at all times, ---------------------- to be tested, tested as of the last day of each quartermonth, on a consolidated basis with respect to Borrower and its Subsidiaries, a ratio of (i) Quick Assets to (ii) Current Liabilities minus the current portion of Deferred Revenue and customer deposits of at least 2.0 1.25 to 1.01.00.
Appears in 1 contract
Samples: Loan and Security Agreement (Concurrent Computer Corp/De)
Adjusted Quick Ratio. Borrower and its Subsidiaries, on a consolidated basis, shall maintain at all times, to be tested, tested as of the last day of each quartermonth, a ratio of (i) Quick Assets to (ii) (A) Current Liabilities (excluding the Real Estate Debt), minus (B) Deferred Revenue and customer deposits Revenue, of at least 2.0 to 1.01.5:1.0.
Appears in 1 contract
Samples: Loan and Security Agreement (Axcelis Technologies Inc)
Adjusted Quick Ratio. Borrower shall maintain at all times, to be tested, tested as of the last day of each quarter, a ratio of Quick Assets to Current Liabilities minus Deferred Revenue and customer deposits of at least 2.0 not less than 3.0 to 1.0.β
Appears in 1 contract
Adjusted Quick Ratio. Borrower shall maintain at all times, to be tested, tested as of the last day of each quartermonth, on a consolidated basis with respect to Borrower and its Subsidiaries, a ratio of (i) Quick Assets to (ii) Current Liabilities minus the current portion of Deferred Revenue and customer deposits of at least 2.0 1.25 to 1.01.00.
Appears in 1 contract
Samples: Loan and Security Agreement (Concurrent Computer Corp/De)