Minimum Liquidity Ratio. Permit the Liquidity Ratio of the Borrower at any time to be less than 1.0 to 1.0.
Minimum Liquidity Ratio. Permit the Minimum Liquidity Ratio as of the last day of each month to be less than 1.50:1.00.
Minimum Liquidity Ratio. A ratio of Liquid Assets to Funded Debt of at least 2.00:1.00, measured at the end of each month.
Minimum Liquidity Ratio. Permit the Liquidity Ratio as of the last day of any fiscal quarter of Borrower to be less than 1.00 to 1.00.
Minimum Liquidity Ratio. A Liquidity Ratio, measured on a monthly basis, of not less than 1.15 to 1.00.”
8. Exhibit D to the Agreement hereby is replaced with Exhibit D attached hereto.
9. The following defined term in Exhibit E of the Agreement is hereby amended and restated in its entirety as follows:
Minimum Liquidity Ratio. The Borrower and the Borrower Subsidiaries shall maintain at all times on a consolidated basis a Minimum Liquidity Ratio of at least 1.00 to 1.00.
Minimum Liquidity Ratio. At the end of each fiscal quarter, the Cash Equivalent Amount of the Borrower shall be equal to or greater than 150% of its Total Liabilities.
Minimum Liquidity Ratio. Reported quarterly, at all times when there are any outstandings under the Revolving Line, Borrower shall maintain a ratio of (i) Cash plus Eligible Accounts to (ii) all Indebtedness to Bank, of at least 1.50 to 1.00.”
Minimum Liquidity Ratio. A Liquidity Ratio of at least 2.00 to 1.00 at all times, it being understood that Quarter-end Advances shall be excluded from the foregoing calculation; provided, however, that the foregoing Liquidity Ratio covenant will no longer be tested for any period commencing on the date that Borrower provides Bank evidence satisfactory to Bank, in its reasonable discretion, that Borrower has achieved a Fixed Charge Coverage Ratio, measured on a trailing twelve month basis, as of the last day of each of the immediately preceding four consecutive fiscal quarters of greater than 1.50:1.00 (the “FCCR Triggering Event”).” and inserting in lieu thereof the following:
Minimum Liquidity Ratio. Borrower shall maintain a Minimum Liquidity Ratio of at least 2.0 to 1.0 at all times, tested as of the last day of each month. Minimum Liquidity Ratio is calculated as (i) unrestricted cash and cash equivalents held at the Bank plus availability under the Domestic Credit Line and EXIM Credit Line divided by (ii) the outstanding amount of the Term Loan.
