Ratio of Current Assets to Current Liabilities. The Borrower shall maintain, for each fiscal quarter end that the Note remains outstanding or the Bank shall have any Commitment hereunder, the ratio of its Current Assets to its Current Liabilities added to its outstanding debt under the Note at not less than 1.5 to 1.
Ratio of Current Assets to Current Liabilities. Borrower including the Subsidiary Guarantors on a consolidated basis shall not permit the ratio of Current Assets to Current Liabilities to be less than .90 as of December 1998 and .95 at all times thereafter and from time to time.
(xiv) A new Section 9.21 is hereby added as follows:
Ratio of Current Assets to Current Liabilities. The Borrower will not permit, and will cause its Subsidiaries not to permit, the ratio of Current Assets to Current Liabilities at the end of any fiscal quarter ending after the date hereof to be less than 1.25 to 1.00.
Ratio of Current Assets to Current Liabilities. As of the end of any fiscal quarter, commencing with the fiscal quarter ending March 31, 2007, Parent will not permit its ratio of Current Assets to Current Liabilities to be less than 1.00 to 1.00.”
G. Section 7.1 of the U.S. Credit Agreement is hereby amended by (a) deleting the “and” at the end of Subsection (xi) thereof, (b) deleting the period at the end of Subsection (xii) thereof, and inserting in lieu of such period a semi-colon, and (c) adding thereto a new Subsection (xiii) which shall read in full as follows:
Ratio of Current Assets to Current Liabilities. The Borrower shall maintain, for each fiscal quarter end that the Note remains outstanding or the Bank shall have any Commitment hereunder, the ratio of its Current Assets to its Current Liabilities added to its outstanding debt under the Note at not less than 1.75 to 1.
Ratio of Current Assets to Current Liabilities. The ratio of current assets to current liabilities of the Purchaser shall not equal less than:
Ratio of Current Assets to Current Liabilities. Compliance ---------- Actual: ___
Ratio of Current Assets to Current Liabilities. The Borrower shall maintain, for each fiscal quarter end that the Note remains outstanding or the Bank shall have any Commitment hereunder, the ratio of its Current Assets to its Current Liabilities added to its outstanding debt under the Note at not less than 1.9 to 1.
4. Borrower hereby acknowledges and reaffirms each and every representation, warranty, term, covenant and condition of the Loan Documents. Borrower further acknowledges and agrees that the Loan Documents (as hereby amended and modified) are fully enforceable against Borrower and that Borrower has no defense, right of offset or otherwise to preclude enforcement of the Loan Documents, as hereby amended and modified, by the Bank against Borrower.
5. The Security Agreement shall continue to secure all sums owing to the Bank by the Borrower pursuant to the terms and conditions of the Note and the Loan Agreement, together with all interest thereon, in accordance with the terms and conditions of the Note and all other sums due and owing or to become due and owing pursuant to the terms and conditions of this Amendment, the Loan Agreement, the Security Agreement and the Note, including but not necessarily limited to any further or additional extensions or renewals thereof.
6. Borrower and each Guarantor acknowledge that the principal balance remaining unpaid on the Note as of the Effective Date hereof is -zero- ($0.00)
Ratio of Current Assets to Current Liabilities. As of the end of any fiscal quarter, commencing with the fiscal quarter ending December 31, 2006, Parent will not permit its ratio of Current Assets to Current Liabilities to be less than 1.00 to 1.00.
Ratio of Current Assets to Current Liabilities. The ratio of Current Assets to Current Liabilities of Operating Partnership shall not fall below 2.0 to 1, at any time.
