Days Sales Outstanding Sample Clauses

Days Sales Outstanding. As of the end of each Fiscal Month from the Closing Date, Days Sales Outstanding shall not be greater than 70 days for any Fiscal Month.
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Days Sales Outstanding. As of the end of each fiscal reporting ---------------------- period to occur during the periods set forth below, Days Sales Outstanding of the Consolidated Group for the lines of business set forth below shall not be greater than: medical services business ------------------------- September 30, 1998 through December 30, 1998 130 days December 31, 1998 through March 30, 1999 128 days March 31, 1999 through September 29, 1999 125 days September 30, 1999 and thereafter 122 days paramedical testing business ---------------------------- September 30, 1998 through December 30, 1998 71 days December 31, 1998 through March 30, 1999 68 days March 31, 1999 and thereafter 63 days
Sample 1
Days Sales Outstanding. As of the end of each fiscal quarter ---------------------- to occur during the periods set forth below, Days Sales Outstanding of the Consolidated Group for the lines of business set forth below shall not be greater than: medical services business ------------------------- January 1, 1999 through March 31, 1999 130 days April 1, 1999 through June 30, 1999 105 days July 1, 1999 through September 30, 1999 110 days October 1, 1999 through December 31, 1999 and thereafter 115 days paramedical testing business ---------------------------- January 1, 1999 through March 31, 1999 110 days April 1, 1999 through June 30, 1999 110 days July 1, 1999 through September 30, 1999 105 days October 1, 1999 through December 31, 1999 and thereafter 100 days provided, however, that Days Sales Outstanding for the medical services business assume a $20,000,000 special incremental charge in the third fiscal quarter of 1999 for doubtful accounts; to the extent such charge shall be less than $20,000,000, minimum Days Sales Outstanding will increase to an amount demonstrated by the Borrower to be reasonable and a direct result of not taking such charge in a schedule attached to the Officer's Certificate required to be delivered for that quarter pursuant to Section 7.2(b).
Sample 1
Days Sales Outstanding. (i) If the Leverage Ratio as of the end of the most recent fiscal quarter is greater than 2.5 to 1.0: (A) as of the end of each calendar month from the Closing Date until March 31, 2003, Days Sales Outstanding shall not be greater than 73 days for any two consecutive calendar months; and (B) as of the end of each calendar month from April 1, 2003 and thereafter, Days Sales Outstanding shall not be greater than 78 days for any two consecutive calendar months. (ii) If the Leverage Ratio as of the end of the most recent fiscal quarter is less than or equal to 2.5 to 1.0: (A) as of the end of each calendar quarter from the Closing Date until March 31, 2003, (x) Days Sales Outstanding shall not be greater than 73 days for the applicable period or (y) if Days Sales Outstanding is greater than 73 days for the applicable period, then as of the end of the calendar month immediately succeeding such period, Days Sales Outstanding shall not be greater than 73 days for the applicable period; and (B) as of the end of each calendar quarter from April 1, 2003 and thereafter, (x) Days Sales Outstanding shall not be greater than 78 days for the applicable period or (y) if Days Sales Outstanding is greater than 78 days for the applicable period, then as of the end of the calendar month immediately succeeding such period, Days Sales Outstanding shall not be greater than 78 days for the applicable period.
Sample 1
Days Sales Outstanding. Holdings and its Subsidiaries on a consolidated basis shall have, at the end of each Fiscal Quarter, Days Sales Outstanding for the three-month period then ended of not more than forty (40) days. Unless otherwise specifically provided herein, any accounting term used in the Agreement shall have the meaning customarily given such term in accordance with GAAP, and all financial computations hereunder shall be computed in accordance with GAAP consistently applied. That certain items or computations are explicitly modified by the phrase “in accordance with GAAP” shall in no way be construed to limit the foregoing. If any “Accounting Changes” (as defined below) occur and such changes result in a change in the calculation of the financial covenants, standards or terms used in the Agreement or any other Loan Document, then Borrowers, Agent and Lenders agree to enter into negotiations in order to amend such provisions of the Agreement so as to equitably reflect such Accounting Changes with the desired result that the criteria for evaluating Borrowers’ and their Subsidiaries’ financial condition shall be the same after such Accounting Changes as if such Accounting Changes had not been made; provided, however, that the agreement of Requisite Lenders to any required amendments of such provisions shall be sufficient to bind all
Sample 1
Days Sales Outstanding. Borrower shall maintain, as of the end of each calendar month, maximum “Days Sales Outstanding” (as defined below) of not more than 65 days. The term “Days Sales Outstanding” shall mean gross Accounts of Borrower divided by the quotient of total cash collections on Accounts of Borrower for the last three (3) calendar months divided by 90.
Sample 1

Related to Days Sales Outstanding

  • Measurement Period In this Agreement, unless the contrary intention appears, a reference to:

  • Consolidated Excess Cash Flow Subject to Section 2.14(g), if there shall be Consolidated Excess Cash Flow for any Fiscal Year beginning with the Fiscal Year ending December 31, 2018, the Borrowers shall, within ten Business Days of the date on which the Borrowers are required to deliver the financial statements of Holdings and its Restricted Subsidiaries pursuant to Section 5.1(b), prepay the Loans and/or certain other Obligations as set forth in Section 2.15(b) in an aggregate amount equal to (i) 50% of such Consolidated Excess Cash Flow minus (ii) voluntary prepayments of the Loans, First Lien Loans or Refinanced Debt (as defined in the First Lien Credit Agreement) made during such Fiscal Year (excluding repayments of revolving First Lien Loans or Refinanced Debt (as defined in the First Lien Credit Agreement) except to the extent the applicable revolving credit commitments are permanently reduced in connection with such repayments) paid from Internally Generated Cash (provided that such reduction as a result of prepayments made pursuant to Section 10.6(k) shall be limited to the actual amount of cash used to prepay principal of Term Loans, First Lien Loans or Refinanced Debt (as defined in the First Lien Credit Agreement) (as opposed to the face amount thereof)); provided, if, as of the last day of the most recently ended Fiscal Year, the Consolidated Total Net Leverage Ratio (determined for such Fiscal Year by reference to the Compliance Certificate delivered pursuant to Section 5.1(c) calculating the Consolidated Total Net Leverage Ratio as of the last day of such Fiscal Year) shall be (A) less than or equal to 4.50:1.00 but greater than 4.00:1.00, the Borrowers shall only be required to make the prepayments and/or reductions otherwise required hereby in an amount equal to (1) 25% of such Consolidated Excess Cash Flow minus (2) voluntary repayments of the Loans, First Lien Loans or Refinanced Debt (as defined in the First Lien Credit Agreement) made during such Fiscal Year (excluding repayments of revolving First Lien or Refinanced Debt (as defined in the First Lien Credit Agreement) except to the extent the applicable revolving credit commitments are permanently reduced in connection with such repayments) paid from Internally Generated Cash (provided that such reduction as a result of prepayments made pursuant to Section 10.6(k) shall be limited to the actual amount of cash used to prepay principal of Term Loans, First Lien Loans or Refinanced Debt (as defined in the First Lien Credit Agreement) (as opposed to the face amount thereof)) and (B) less than or equal to 4.00:1.00, the Borrowers shall not be required to make the prepayments and/or reductions otherwise required by this Section 2.14(e).

  • Maximum Leverage Permit, as of any fiscal quarter end, the ratio of (a) Adjusted Portfolio Equity as of such fiscal quarter end to (b) Funded Debt as of such fiscal quarter end, to be less than 5.00 to 1.00.

  • Funded Debt to EBITDA Section 10.2 of the Loan Agreement is hereby amended and restated in its entirety to read as follows:

  • Minimum Cash Balance Licensee shall fund the Facility Checking Account --------------------- with an initial amount equal to $25,000.00 and thereafter Licensee shall provide the working capital required by Section I(H) of this Agreement

  • Minimum Revenue Borrower and its Subsidiaries shall have Revenue from sales, marketing or distribution of the Product and related services (for each respective measured period, the “Minimum Required Revenue”): (a) during the twenty-four month period beginning on January 1, 2015, of at least $45,000,000; (b) during the twenty-four month period beginning on January 1, 2016, of at least $80,000,000; (c) during the twenty-four month period beginning on January 1, 2017, of at least $110,000,000; and (d) during the twenty-four month period beginning on January 1, 2018, of at least $120,000,000; and (e) during the twenty-four month period beginning on January 1, 2019, of at least $120,000,000.

  • 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.

  • Excess Availability Borrowers shall have Excess Availability at all times of at least (i) as of any date of determination during the period from July 25, 2016 through and including August 29, 2016, $10,000,000, (ii) as of any date of determination during the period from August 30, 2016 through and including October 17, 2016, $13,000,000, (iii) as of any date of determination during the period from October 18, 2016 through and including October 31, 2016, $17,500,000, and (iv) as of any date of determination during the period from November 1, 2016 through and including December 31, 2016, $20,000,000.

  • Minimum Excess Availability Borrower shall have Excess Availability under the Revolving Credit Loans facility of not less than the amount specified in the Schedule, after giving effect to the initial advance hereunder and after giving effect to any applicable Loan Reserves against borrowing availability under the Revolving Credit Loans.

  • Minimum Call-Back Time All employees who are called out and required to work in an emergency outside their regular working hours shall be paid for a minimum of two (2) hours at overtime rates and shall be paid from the time they leave home to report for duty until the time they arrive back upon proceeding directly from work.

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