Minimum Current Ratio. The Borrower shall not permit the ratio of the current assets of the Borrower and the Restricted Subsidiaries (including (A) the lesser of (x) the Commitments and (y) the Borrowing Base, minus (B) the Revolving Exposures, but excluding non-cash assets under FAS 133) to current liabilities of the Borrower and the Restricted Subsidiaries (excluding (x) non-cash obligations under FAS 133, (y) current maturities of obligations under this Agreement and (z) current maturities of Existing Notes or Permitted Unsecured Notes which have been tendered for or with respect to which the Borrower has exercised a redemption right and which are required by GAAP to be current), determined on a consolidated basis, calculated as of the end of each fiscal quarter, to be less than 1.00:1.00.
Appears in 4 contracts
Samples: Revolving Credit Facility (CNX Resources Corp), Credit Agreement (CNX Resources Corp), Credit Agreement (CNX Resources Corp)
