Current Ratio—Section 6.16 Sample Clauses

Current Ratio—Section 6.16. (a) Current Assets1 $ (b) Current Liabilities2 $ Current Ratio = (a) to (b) Minimum Current Ratio: 1.00 to 1.00 Current Ratio as of : ___to ___ COMPLIANCE? YES NO 1As provided in Section 6.16 of the Credit Agreement, for purposes of this calculation, “current assets” shall include, as of the date of calculation, “ current assets” shall include, as of the date of calculation, the Unused Tranche A Commitment Amount and shall exclude, as of the date of calculation, (A) the current portion of deferred tax assets, (B) any assets representing a valuation account arising from the application of SFAS 133 and 143, and (C) any cash deposited with or at the request of a counterparty to any Hedge Contract. 2As provided in Section 6.16 of the Credit Agreement, for purposes of this calculation, “current liabilities” shall exclude, as of the date of calculation, (A) the current portion of Debt existing under the Credit Agreement, (B) any liabilities representing a valuation account arising from the application of SFAS 133 and 143, and (C) the current portion of deferred tax obligations.