LFC Current Ratio Sample Clauses

The LFC Current Ratio clause sets a minimum threshold for the ratio of a company's current assets to its current liabilities, ensuring the company maintains sufficient short-term liquidity. Typically, this clause requires the company to regularly report its current ratio and remain above a specified value, such as 1.2:1, as a condition of a loan or credit agreement. By enforcing this financial metric, the clause helps protect lenders by reducing the risk of default due to liquidity issues.
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LFC Current Ratio. LFC shall maintain a ratio of current assets to current liabilities of at least 1.20 to 1.0.
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LFC Current Ratio. LFC shall maintain a ratio of current assets to current liabilities of at least 1.20 to 1.0; provided, however, that at the election of Borrower given by written notice to Lender, delivered with any quarterly Compliance Certificate (an “LFC Current Assets Election”), (a) LFC’s current assets shall be deemed to include the LFC Current Assets Commitment Amount at such time and (b) if the Revolving Loan Termination Date is within one year, LFC’s current liabilities shall be deemed to include the LFC Current Assets Commitment Amount at such time.
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Related to LFC Current Ratio

  • 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.

  • 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.

  • Liquidity Ratio A Liquidity Ratio of at least 1.50 to 1.00.

  • Funded Debt Ratio Maintain its Funded Debt Ratio at not greater than (a) 3.75 to 1.00 at each fiscal quarter ending through and including December 31, 2003, (b) 3.50 to 1.00 as of March 31, 2004 and June 30, 2004, (c) 3.00 to 1.00 as of September 30, 2004, (b) 2.50 to 1.00 as of December 31, 2004 and at each fiscal quarter ending thereafter through and including September 30, 2005, and (c) 2.00 to 1.00 as of December 31, 2005 and as of each fiscal quarter ending thereafter.