Working Capital Ratio. Parent and its Subsidiaries shall maintain, on a consolidated basis, a Working Capital Ratio of not less than 1.0 to 1.0, determined as of the end of each month, commencing July 31, 2014 and as of the last day of each month thereafter.
Working Capital Ratio. At the end of each calendar quarter throughout the term of the Loan, Borrower shall have maintained a Working Capital Ratio as follows: 12/31/00 2.15:1 3/31/01 1.40:1 6/30/01 through 3/31/02 1.25:1 6/30/02 through Maturity 2.15:1
Working Capital Ratio. Achieve and maintain a Working Capital Ratio of at least 1.00 to 1.00 for the first year after the Effective Date and at all times thereafter achieve and maintain a Working Capital Ratio of at least 1.15 to 1.00. Working Capital Ratio shall be measured each fiscal quarter beginning with the fiscal quarter six months after the Effective Date.
Working Capital Ratio. The Company, together with all Consolidated Subsidiaries (except for Special Purpose Subsidiaries) on a consolidated basis, will not allow its Working Capital Ratio to fall below at any time 1.1 to 1.
Working Capital Ratio. The Borrower shall not permit, as of the end of any fiscal quarter, the ratio of (a) its consolidated current assets to (b) its consolidated current liabilities, to be less than 1.00 to 1.00. For purposes of this calculation (i) “current assets” shall include, as of the date of calculation, the aggregate Availability but shall exclude, as of the date of calculation (A) any cash deposited with or at the request of a counterparty to any Hedge Contract and (B) any assets representing a valuation account arising from the application of SFAS 133 and 143, and (ii) “current liabilities” shall exclude, as of the date of calculation, (A) the current portion of long-term Debt existing under this Agreement and (B) any liabilities representing a valuation account arising from the application of SFAS 133 and 143. During the one-year period prior to the Maturity Date, the outstanding Advances shall nevertheless be considered long-term Debt for purposes of this Section 6.18.
Working Capital Ratio. Commencing September 30, 2013, the Borrower will not permit, as of the last day of any fiscal quarter, the ratio of (i) the current assets of the Borrower and its consolidated Subsidiaries to (ii) the current liabilities of the Borrower and its consolidated Subsidiaries, to be less 1.0 to 1.0. For purposes of this calculation, (A) “current assets” shall include, as of the date of calculation, the unused amount of the total Commitments but shall exclude, as of the date of calculation, (1) any cash that is subject to restriction and (2) any non-cash assets resulting from the requirements of ASC 815, and (B) “current liabilities” shall exclude, as of the date of calculation, (1) the current portion of long-term Debt existing under this Agreement and (2) any non-cash liabilities resulting from the requirements of ASC 815.
Working Capital Ratio at all times the Working Capital Ratio shall be greater than 1.0x;
Working Capital Ratio. The Borrower shall not permit --------------------- the ratio of Consolidated Current Assets to Consolidated Current Liabilities to fall below the ratios set forth below for the fiscal quarters ended on the dates set forth below: Date Ratio ---- ----- #90068563. July 31, 1994 1.10:1 October 31, 1994 1.25:1 January 31, 1995 1.25:1 April 30, 1995 1.25:1 July 31, 1995 1.25:1 October 31, 1995 1.50:1 January 31, 1996 1.50:1 April 30, 1996 1.50:1 July 31, 1996 1.50:1
Working Capital Ratio. The Borrower shall not --------------------- permit the ratio of Consolidated Current Assets to Consolidated Current Liabilities for any fiscal quarter beginning with the fiscal quarter ended September 30, 1996 and ending with the fiscal quarter ended September 30, 1998 to be less than 1.50:1; provided, however that the -------- ------- covenant in this Section 4.20 shall become void and of no further force or effect if, and at such time, as Borrower completes one or more Registered Common Stock Offerings raising an aggregate Net Equity Proceeds Amount of at least Twenty Million Dollars ($20,000,000).
Working Capital Ratio. At the end of each fiscal quarter of the Borrower, its working capital ratio shall be not less than 2.00 to 1.00. This working capital ratio will be calculated as follows: Consolidated Current Assets divided by Consolidated Current Liabilities, all as determined in accordance with GAAP. This covenant will be tested quarterly by Agent commencing June 30, 2008.
