CURRENT RATIO - GUARANTOR Sample Clauses

CURRENT RATIO - GUARANTOR. From and after December 31, 1999 and for the remainder of the Term, the Guarantor shall maintain a ratio of Consolidated Current Assets to Consolidated Current Liabilities equal to or greater than 1 to 1 as of the end of each fiscal year.
Sample 1Sample 2Sample 3See All (6)
AutoNDA by SimpleDocs
CURRENT RATIO - GUARANTOR. The Guarantor shall achieve, as of December 31, 1997, a ratio of Consolidated Current Assets to Consolidated Current Liabilities equal to or greater than 0.5 to 1 and, as of December 31 of each year thereafter during the Term, a ratio of Consolidated Current Assets to Consolidated Current Liabilities equal to or greater than 1.0 to 1; provided however that if a Permitted Transaction (as defined in Section 16.1(h)(vi)) occurs, or if increased ratios are triggered by a Permitted Merger pursuant to Section 16.1(i), then such ratios shall increase to 1.0 to 1.0 and 1.2 to 1.0, respectively.
Sample 1Sample 2
CURRENT RATIO - GUARANTOR. The Guarantor shall maintain, at all times, a ratio of Consolidated Current Assets to Consolidated Current Liabilities equal to or greater than 1.0 to 1.
Sample 1Sample 2
CURRENT RATIO - GUARANTOR. Notwithstanding any provisions of the Sterling Leases to the contrary, the text of the financial covenant entitled "Current Ratio - Guarantor" shall be deleted in its entirety, and the following text shall be substituted therefor: "CURRENT RATIO - GUARANTOR. The Guarantor shall achieve, as of December 31, 1997, a ratio of Consolidated Current Assets to Consolidated Current Liabilities equal to or greater than 0.5 to 1 and, as of December 31 of each year thereafter during the Term, a ratio of Consolidated Current Assets to Consolidated Current Liabilities equal to or greater than 1.0 to 1; provided however that if a Permitted Transaction (as defined in Section 16.1(h)(vi)) occurs, or if increased ratios are triggered by a Permitted Merger pursuant to Section 16.1 (i), then such ratios shall increase to 1.0 to 1.0 and 1.2 to 1.0, respectively."
Sample 1
CURRENT RATIO - GUARANTOR. From and after December i 1,1999 and for the remainder of the Terzn, the Guarantor shall maintain a ratio of Consolidated Current Assets to Consolidated Current Liabilities equal to or greater than 1 to 1 as of the end of each fiscal year.
Sample 1

Related to CURRENT RATIO - GUARANTOR

  • Current Ratio The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 and current maturities under this Agreement) to be less than 1.0 to 1.0.

  • Debt to Capitalization Ratio As of the last day of each fiscal quarter of the Borrower, the Debt to Capitalization Ratio shall be less than or equal to 0.70 to 1.0.

  • Minimum Current Ratio The Borrower will not, as of the last day of any Fiscal Quarter (commencing with the Fiscal Quarter ending June 30, 2018), permit the Current Ratio to be less than 1.00 to 1.00.

  • Quick Ratio A ratio of Quick Assets to Current Liabilities of at least 2.00 to 1.00.

  • Capitalization Ratio Permit the ratio of Consolidated Debt of the Borrower to Consolidated Capital of the Borrower to exceed .58 to 1.00.

  • Consolidated Senior Leverage Ratio As of the end of each fiscal quarter of the members of the Consolidated Group, the Consolidated Senior Leverage Ratio shall not be greater than the ratio set forth below: Fiscal Quarter End Ratio ------------------ ----- December 31, 2000 3.00:1.0 March 31, 2001 3.10:1.0 June 30, 2001 3.10:1.0 September 30, 2001 2.75:1.0 December 31, 2001 and thereafter 2.50:1.0 1.6 Clause (c) of Section 7.9 of the Credit Agreement is amended to read as follows:

  • Consolidated Net Leverage Ratio Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 4.50:1.00.

  • Consolidated Leverage Ratio Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 2.50 to 1.0.

  • Total Net Leverage Ratio Holdings and its Restricted Subsidiaries, on a consolidated basis, shall not permit the Total Net Leverage Ratio on the last day of any Test Period to exceed the ratio set forth below opposite the last day of such Test Period:

  • Consolidated Total Leverage Ratio Permit the Consolidated Total Leverage Ratio as of the last day of any fiscal quarter ending on or after September 30, 2008 to be greater than 3.5 to 1.0.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!