Current Asset Coverage Ratio. The Borrower will not permit the Current Asset Coverage Ratio as of the end of any fiscal quarter to be less than 1.4 to 1.00.
Current Asset Coverage Ratio. WIL-Ireland shall not, as of any Current Asset Coverage Ratio Test Date (commencing with the Current Asset Coverage Ratio Test Date occurring on September 30, 2018), permit the Current Asset Coverage Ratio to be less than 2.10 to 1.00; provided that, if the Collateral Perfection Period ends after September 30, 2018, the Current Asset Coverage Ratio as of September 30, 2018 shall not be less than 1.50 to 1.00. For the avoidance of doubt, (i) the Current Asset Coverage Ratio is an Additional Financial Covenant, (ii) the 364-Day Revolving Credit Agreement is the Other Debt Agreement with respect thereto and (iii) WIL-Ireland is required to comply with the Current Asset Coverage Ratio as provided in this Section 8.09(d) solely by operation, and subject to the terms and conditions, of Section 7.10; provided, however, that notwithstanding anything to the contrary in this Agreement, upon the repayment in full of the 364-Day Revolving Credit Facility and the termination of all commitments thereunder, this Section 8.09(d) shall be of no further force or effect. As used in this Section 8.09, each of the terms Current Asset Coverage Ratio Test Date, Current Asset Coverage Ratio and Collateral Perfection Period shall have the meanings assigned thereto in the 364-Day Revolving Credit Agreement (taking into account all additional defined terms embedded therein, as such embedded terms are defined in the 364-Day Revolving Credit Agreement).
(r) Clause (a) of Section 8.11 of the Credit Agreement is hereby amended by (i) deleting the second “or” appearing therein (that is, immediately after the words “Loan Documents” therein) and inserting a comma in its place, (ii) deleting the semicolon at the end thereof and (iii) inserting the words “and any of the 364-Day Revolving Credit Documents;” at the end thereof.
(s) Section 8.14 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:
Current Asset Coverage Ratio. On any day during any fiscal quarter set forth below, permit the Current Asset Coverage Ratio to be less than the ratio set forth below for such fiscal quarter, provided that, it is understood and agreed that (a) failure to comply with this Section 8.9 shall not constitute a Default or an Event of Default for any five Business Day period following the delivery of financial statements pursuant to Section 7.1 and (b) the Lenders shall not be required to make any Loans or issue any Letters of Credit pursuant to Section 3 on any date that the Company has failed to comply with this Section 8.9 during such five Business Day period: 2003 Second 1.80 to 1.0 Third 1.80 to 1.0 Fourth 1.80 to 1.0 2004 First 1.80 to 1.0 Second 1.85 to 1.0 Third 1.85 to 1.0 Fourth 1.85 to 1.0 2005 First 1.90 to 1.0 Second 1.90 to 1.0 Third 1.90 to 1.0 Fourth 1.90 to 1.0 2006 First 1.95 to 1.0 Second 1.95 to 1.0 Third 1.95 to 1.0 Fourth 1.95 to 1.0 2007 First 2.00 to 1.0 Second 2.00 to 1.0 Third 2.00 to 1.0 Fourth 2.00 to 1.0 2008 First 2.00 to 1.0 Second 2.00 to 1.0 Third 2.00 to 1.0 Fourth 2.00 to 1.0 2008 First 2.00 to 1.0 Second 2.00 to 1.0 8.10 Capital Expenditures. Make or commit to make any Capital Expenditures, except that the Company and its Subsidiaries may make or commit to make Capital Expenditures:
(a) consisting of investments in the development of new or relocated stores in an aggregate amount not to exceed $15,000,000 at any time , against which amount shall be credited any funds from the subsequent sale of any real property (including leasehold interests) or fixtures purchased or developed in connection therewith; plus
(b) of any other type in amounts not exceeding the amount set forth below (the “Base Amount”) for each of the Fiscal Years of the Company (or other period) set forth below: 2003 $ 25,000,000 2004 $ 25,000,000 2005 $ 25,000,000 2006 $ 30,000,000 2007 $ 30,000,000 2008 $ 35,000,000 2009 $ 35,000,000 provided, however, that (x)(i) for any Fiscal Year of the Company, the Base Amount for such Fiscal Year set forth above shall be increased by an amount equal to the aggregate amount of proceeds received by the Company or any of its Subsidiaries in such Fiscal Year with respect to sales of real property by the Company or such Subsidiary or dispositions under subsection 8.5(f) and 8.5(g), (ii) for any Fiscal Year of the Company, the Base Amount for such Fiscal Year set forth above shall be increased by the amount of any net cash proceeds from the issuance of Capit...
Current Asset Coverage Ratio. WIL-Ireland shall not, as of any Current Asset Coverage Ratio Test Date (commencing with the Current Asset Coverage Ratio Test Date occurring on September 30, 2018), permit the Current Asset Coverage Ratio to be less than 2.10 to 1.00; provided that, if the Collateral Perfection Period ends after September 30, 2018, the Current Asset Coverage Ratio as of September 30, 2018 shall not be less than 1.50 to 1.00.
Current Asset Coverage Ratio. Brightpoint shall maintain a ratio ("CURRENT ASSET COVERAGE RATIO") of (i) the sum of (a) Receivables (including Receivables generated through contract financing engaged in by Brightpoint, but excluding Receivables owing from any consolidated Subsidiary), (b) Inventory (excluding any Inventory held with respect to contract financing engaged in by Brightpoint) and (c) cash and Cash Equivalents in each case maintained by Brightpoint and BPI in the United States to (ii) the sum of (a) Indebtedness other than Permitted Subordinated Indebtedness of Brightpoint and its consolidated Subsidiaries for borrowed money and (b) Capitalized Lease Obligations to be greater than 0.75 to 1.00 at the end of any fiscal quarter.
Current Asset Coverage Ratio. The Borrower's Current -------------- ---------------------------- Asset Coverage Ratio, determined as of the Computation Date, was approximately (and in any event not less than) _____ to 1.0, as computed on ATTACHMENT 1 ------------ hereto.
Current Asset Coverage Ratio. Brightpoint shall maintain a ratio ("CURRENT ASSET COVERAGE RATIO") of (i) the sum of (a) Receivables (other than Receivables owing from any consolidated Subsidiary), (b) Inventory and (c) cash and Cash Equivalents in each case maintained by Brightpoint and BPI in the United States to (ii) the sum of (a) Indebtedness of Brightpoint and its consolidated Subsidiaries for borrowed money and (b) Capitalized Lease Obligations to be greater than 0.75 to 1.00 at the end of any fiscal quarter.
