Minimum Working Capital Ratio. As at the end of each of its fiscal quarters, the Borrower shall not permit the ratio of (i) the consolidated current assets (including cash and cash equivalents) of the Borrower and its Consolidated Subsidiaries to (ii) the consolidated current liabilities (excluding Debt under this Agreement) of the Borrower and its Consolidated Subsidiaries to be less than 1.20:1.
Minimum Working Capital Ratio. The Working Capital Ratio of Xxxxx Karan International and its Subsidiaries on a consolidated basis at the end of each fiscal quarter set forth below shall not be less than the ratio set forth opposite such quarter: Fiscal Quarter Ratio -------------- -----
Minimum Working Capital Ratio. Borrower and its Subsidiaries on a consolidated basis shall have, at the end of each Fiscal Quarter set forth below, a ratio of Accounts Payable to Inventory Value as of the last day of such Fiscal Quarter of not less than the ratio set forth opposite such Fiscal Quarter set forth below: Period Minimum Working Capital Ratio ------ ----------------------------- Fiscal Quarter ending on June 30, 2003 2.30 to 1.00 Fiscal Quarter ending on September 30, 2003 2.55 to 1.00 Fiscal Quarter ending on December 31, 2003 3.90 to 1.00 Fiscal Quarter ending on March 31, 2004 3.20 to 1.00 Fiscal Quarter ending on June 30, 2004 2.30 to 1.00 Fiscal Quarter ending on September 30, 2004 2.60 to 1.00 Fiscal Quarter ending on December 31, 2004 3.90 to 1.00 Fiscal Quarter ending on March 31, 2005 3.20 to 1.00 Fiscal Quarter ending on June 30, 2005 2.30 to 1.00 Fiscal Quarter ending on September 30, 2005 2.60 to 1.00 Fiscal Quarter ending on December 31, 2005 3.90 to 1.00 Fiscal Quarter ending on March 31, 2006 3.20 to 1.00 Fiscal Quarter ending on June 30, 2006 2.30 to 1.00 Fiscal Quarter ending on September 30, 2006 2.60 to 1.00 Fiscal Quarter ending on December 31, 2006 3.90 to 1.00 Fiscal Quarter ending on March 31, 2007 3.20 to 1.00
Minimum Working Capital Ratio. The Borrower will not permit the Working Capital Ratio on the last day of any fiscal quarter of the Borrower to be less than 1.20:1.00 at any time.
Minimum Working Capital Ratio. The Working Capital Ratio of Xxxxx Karan International and its Subsidiaries on a consolidated basis at the end of each fiscal quarter set forth below shall not be less than the ratio set forth opposite such quarter: Fiscal Quarter Ratio -------------- ----- Fourth Fiscal Quarter 1999 1.40 to 1.0 First Fiscal Quarter 2000 1.40 to 1.0 Second Fiscal Quarter 2000 1.40 to 1.0 Third Fiscal Quarter 2000 1.40 to 1.0 Fourth Fiscal Quarter 2000 1.40 to 1.0 First Fiscal Quarter 2001 1.40 to 1.0 Second Fiscal Quarter 2001 1.40 to 1.0 Third Fiscal Quarter 2001 1.40 to 1.0 Fourth Fiscal Quarter 2001 1.40 to 1.0 First Fiscal Quarter 2002 1.40 to 1.0 Second Fiscal Quarter 2002 1.40 to 1.0 Third Fiscal Quarter 2002 1.40 to 1.0 Fourth Fiscal Quarter 2002 1.40 to 1.0 First Fiscal Quarter 2003 1.40 to 1.0"
Minimum Working Capital Ratio. The ratio of the Consolidated Group's current assets to its current liabilities, as shown on the Consolidated Group's regular books and records, shall at all time be not less than 1.25 to 1.
Minimum Working Capital Ratio. (A) Until the Maturity Date has been extended pursuant to Sections 2.11(A) or 2.11(B) hereof, the Borrower will not permit the Working Capital Ratio, for any of the fiscal months set forth below, to be less than the respective ratio indicated for such fiscal months:
Minimum Working Capital Ratio. 3 Not permit the Working Capital Ratio as of the last day of each calendar quarter ending during the periods (inclusive) set forth below to be less than the amount set forth opposite such period: PERIOD AMOUNT ------------------------------------------------------------------------------------- ----------- June 30, 1997 through September 30, 1999............................................. .20 December 31, 1999 and the last day of each calendar quarter thereafter............... .33
Minimum Working Capital Ratio. Not permit the Working Capital Ratio as of the last day of each calendar quarter (commencing with the calendar quarter ending June 30, 1997) to be less than thirty-three one hundredths (0.33).
Minimum Working Capital Ratio. The Working Capital Ratio calculated as of December 31, 1996 but after giving effect to the initial Revolving Loans and Letters of Credit shall exceed thirty-three one hundredths (0.33).
