Required Actual Clause Samples
Required Actual. Not less than 1.00 to 1.00 ________ to 1.00
Required Actual. Not less than 1.00 to 1.00 to 1.00
Required Actual. Leverage Ratio (maximum) 3.50 to 1.0 ____ to 1.00
Required Actual. Required as of the last quarter, Plus 100% of equity raised, Plus 50% of Net Income equals current Required Tangible Net Worth
Required Actual. Net Working Capital 1. Current Assets as measured in accordance with GAAP 2. Current Liabilities asmeasured in accordance with GAAP 3. Net Working Capital (1. minus
Required Actual. Current Ratio (minimum) 1.0 to 1.0 _____ to 1.0 to be tested quarterly Current assets $__________ Availability on Revolving Loan $__________ Current liabilities $__________ For the purpose of this calculation, ACurrent Ratio@ is defined as the ratio of (i) Borrowers= current assets, plus availability on the Revolving Loan, divided by (ii) Borrowers= current liabilities (excluding current maturities of long-term debt); provided, however, that the ▇▇▇▇-to-market values for hedging positions in accordance with FASB 133 shall be excluded from this calculation until such time as the gains or losses from the ▇▇▇▇▇▇ are actually realized and the ▇▇▇▇▇▇ expire.
Required Actual. Tangible Net Worth Not less than $200,000,000 at any time. $ Net Income Not less than $1.00 for any fiscal quarter. $ Liquidity Unencumbered cash balances not less than $15,000,000 at any time. $
Required Actual. Adjusted Quick Ratio (tested monthly when borrowing; tested quarterly when no Advances outstanding) > 1.10:1.0 _____:1.0 Yes No The following financial covenant analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate. The following are the exceptions with respect to the certification above: (If no exceptions exist, state “No exceptions to note.”) -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- PUBMATIC, INC. By: Name: Title: BANK USE ONLY Received by: _____________________ authorized signer Date: _________________________ Verified: ________________________ authorized signer Date: _________________________ Compliance Status: Yes No
Required Actual. 00 to 1.00 to 1.0 See the attached detailed calculations of the above in this Section 2.
Required Actual. Current Ratio (minimum) 1.25 to 1.0 _____ to 1.0 to be tested quarterly Current assets $__________ Current liabilities $__________