Common use of Minimum Working Capital Ratio Clause in Contracts

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. As at the end of each of its fiscal quarters, the The Borrower shall will not permit the ratio of (i) the consolidated current assets (including excluding cash and cash equivalents) of the Borrower and its Consolidated Subsidiaries at any time to (ii) the consolidated current liabilities (excluding Debt under this Agreement) of the Borrower and its Consolidated Subsidiaries at such time to be less than 1.20:11:1.

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. As at the end of each of its fiscal quarters, the 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 (x) prior to December 31, 2000, less than 1.20:11.15:1 and (y) thereafter, less than 1.25:1.