QUICK ASSETS RATIO Sample Clauses

QUICK ASSETS RATIO. The Company will not permit the ratio of (i) the sum of (a) cash and Cash Equivalents of the Company and the Restricted Subsidiaries on the last day of any fiscal quarter of the Company set forth below, PLUS (b) accounts receivable (less provision for doubtful accounts) of the Company and the Restricted Subsidiaries on such date, to (ii) Consolidated Current Liabilities on such date to be less than the ratio set forth opposite such fiscal quarter below: ============================================================================= FISCAL QUARTER ENDING RATIO ============================================================================= December 31, 1998 0.80 to 1.00 ------------------------------------------------------------------------------ March 31 in each year 1.00 to 1.00 ------------------------------------------------------------------------------ June 30 in each year 0.80 to 1.00 ------------------------------------------------------------------------------ September 30 in each year 0.80 to 1.00 ------------------------------------------------------------------------------ December 31 in each year after 1998 1.00 to 1.00 ============================================================================== Notwithstanding the foregoing, if the Rate Decrease Event shall have occurred, the Company shall not permit the ratio of clause (i) to clause (ii) above to be less than 1.00 to 1.00 on the last day of any fiscal quarter of the Company.

QUICK ASSETS RATIO. Permit at any time during any fiscal quarter set forth below, the ratio of (x) the sum of (i) cash and Cash Equivalents of the Borrower and its Subsidiaries at such time plus (ii) the amount shown on a consolidated balance sheet of the Borrower and its Subsidiaries at such time as accounts receivable (less provision for doubtful accounts) at such time to (y) Consolidated Current Liabilities to be less than the ratio set forth opposite such period below: FISCAL QUARTERS ENDING DURING THE FOLLOWING PERIODS: RATIO March 31, 1998 through December 30, 1998 0.80 to 1.00 December 31, 1998 through December 30, 1999 1.00 to 1.00 December 31, 1999 through December 30, 2000 1.00 to 1.00 December 31, 2000 through December 30, 2001 1.00 to 1.00

QUICK ASSETS RATIO. Permit at the end of any fiscal quarter set forth below, the ratio of (x) the sum of (i) cash and Cash Equivalents of the Borrower and its Subsidiaries at such time plus (ii) the amount shown on a consolidated balance sheet of the Borrower and its Subsidiaries at such time as accounts receivable (less provision for doubtful accounts) at such time to (y) Consolidated Current Liabilities at such time to be less than the ratio set forth opposite such period below: FISCAL QUARTERS ENDING: RATIO December 31, 1998 0.80 to 1.00 March 31, 1999 and thereafter 1.00 to 1.00";