Common use of Minimum Current Ratio Clause in Contracts

Minimum Current Ratio. I will maintain at all times a ratio of current assets to current liabilities, determined under consistently applied generally accepted accounting principles, of 1.1:1 or more, tested quarterly.

Appears in 2 contracts

Samples: Commercial Loan Agreement (Widepoint Corp), Commercial Loan Agreement (Widepoint Corp)

AutoNDA by SimpleDocs

Minimum Current Ratio. I will maintain at all times a ratio of current assets to current liabilities, determined under consistently applied generally accepted accounting principles, of 1.1:1 or more, tested quarterly.

Appears in 1 contract

Samples: Commercial Loan Agreement (Widepoint Corp)

Minimum Current Ratio. I will maintain at all times a ratio of current assets to current liabilities, determined under consistently applied generally accepted accounting principles, of 1.1:1 or more, tested . To be measured quarterly.

Appears in 1 contract

Samples: Commercial Loan Agreement (Widepoint Corp)

Minimum Current Ratio. I will maintain at all times a ratio of current assets to current liabilities, determined under consistently applied generally accepted accounting principles, of 1.1:1 1.0:1 or more, tested quarterly.

Appears in 1 contract

Samples: Commercial Loan Agreement (Widepoint Corp)

AutoNDA by SimpleDocs

Minimum Current Ratio. I will maintain at all times a ratio of current assets to current liabilities, determined under consistently applied generally accepted accounting principles, of 1.1:1 1.2:1 or more, tested quarterly.

Appears in 1 contract

Samples: Commercial Loan Agreement (Widepoint Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!