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.
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 ------------------------- 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 ---------------------------- for the period ending December 31, 1998 120 days January 1, 1999 through March 31, 1999 95 days April 1, 1999 through June 30, 1999 80 days July 1, 1999 and thereafter 65 days
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.
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:
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
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).
