Quick Ratio (Adjusted. A ratio of Quick Assets to Current Liabilities minus deferred revenue of at least 1.75 to 1.0.
Quick Ratio (Adjusted. A ratio of Quick Assets to Current Liabilities minus Deferred Revenue and any Quarter-End Advance of at least 1.30 to 1.00 through 3/31/04, and of at least 1.50 to 1.00 at 4/30/04 and thereafter.
Quick Ratio (Adjusted. Borrower will maintain a ratio of Quick Assets to Obligations of at least 2.00 to 1.00, tested as of the last day of each month.
Quick Ratio (Adjusted. A ratio of Quick Assets to Obligations of at least 2.00 to 1.00.”
Quick Ratio (Adjusted. A ratio of Quick Assets to Current Liabilities minus: (a) Deferred Maintenance Revenue and (b) Deferred Gross Profit of at least 1.50 to 1.00 as of the last day of every month; provided, however, that so long as the outstanding Obligations are less than $100,000, Borrower will maintain the applicable ratio as of the last day each fiscal quarter; provided, further, that if Borrower requests a Credit Extension that would cause the outstanding Obligations to exceed $100,000 during such fiscal quarter, then Borrower shall deliver to Bank, not less than three (3) Business Days prior to the date such Credit Extension is to be made, a report of Borrower’s Quick Ratio (Adjusted) for each of the 3 months immediately preceding such request and monthly thereafter and Bank shall reserve the right to declare an Event of Default for any previous violations of the above covenant.
Quick Ratio (Adjusted. A ratio of Quick Assets to Obligations of at least 2.00 to 1.00, tested as of the last day of each month.
Quick Ratio (Adjusted. Borrower will maintain a ratio, tested as of the last day of each month, of (a) Quick Assets to (b) the result of (i) Current Liabilities minus (ii) the current portion of Deferred Revenue plus (iii) the long-term portion of the Obligations, of at least the amount set forth below in the applicable row. Test Date Quick Ratio (Adjusted) February 29, 2016 through March 31, 2016 2.00 to 1.00 April 30, 2016 through June 30, 2016 2.00 to 1.00 July 31, 2016 through September 30, 2016 1.50 to 1.00 October 31, 2016 through December 31, 2016 1.50 to 1.00 January 31, 2017 through March 31, 2017 1.25 to 1.00 April 30, 2017 through June 30, 2017 1.25 to 1.00
Quick Ratio (Adjusted. As of the last day of each month, a ratio of Quick Assets to Current Liabilities minus current portions of Deferred Revenue of at least 1.20 to 1.00. Sub-section (ii) of Section 6.7 entitled "Profitability" is amended in part to change the Applicable Amount for the quarter-ended 06/30/03 from a negative <$8,500,000> to a negative <$9,500,000>. Sections 7 (Negative Covenants) and 7.2 (Changes in Business, Ownership, Management or Business Locations) are amended to read as follows:
Quick Ratio (Adjusted. Beginning with the month ending June 30, 2007, a ratio of cash and cash equivalents plus accounts receivables divided by Current Liabilities minus Deferred Revenue of at least 1.75 to 1.00.
Quick Ratio (Adjusted. A ratio of Quick Assets to Current Liabilities minus Deferred Revenue and any Quarter-End Advance of at least 1.50 to 1.00 at each fiscal quarter-end, tested quarterly.
