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.
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.
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.
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."
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."