Adjusted Current Ratio definition

Adjusted Current Ratio is defined as (i) Current Assets plus the Available Commitment minus any assets resulting from "mark-to-market" accounting treatment for hedging contracts divided by (ii) Current Liabilities, minus any liabilities resulting from "mark-to-market" accounting treatment for hedging contraxxx, minus any balance outstanding on this credit facility that would otherwise be accounted for as a Current Liability.

Adjusted Current Ratio for any date of determination, the ratio of Current Assets to Current Liabilities.

Adjusted Current Ratio means, as to the Company, the ratio of (a) its total current assets minus its deferred tax assets to (b) its total current liabilities minus its student deposits and deferred tuition, all as shown on the Company's consolidated financial statements.

Examples of Adjusted Current Ratio in a sentence

• Maintain a minimum Adjusted Current Ratio (defined as current assets divided by the sum of current liabilities and long-term portion of Revolving Line of Credit loan outstanding) of not less than 1.35 to 1.

• Permit the Adjusted Current Ratio of the Borrower and its consolidated Subsidiaries, as of the last day of any fiscal quarter of the Borrower to be less than 1.15:1.00.

• The Company shall cause the Adjusted Current Ratio to equal or exceed 1.2 to 1.0 at the end of each calendar month.

• Bank hereby expressly waives, on a one-time basis, that default created by Borrowers' failure to comply with the Adjusted Current Ratio set forth at Section 7.1 of the Agreement for the quarterly periods ending December 31, 2001 and March 31, 2002, thereby creating a default pursuant to Section 9.1(f) of the Agreement.

• Maintain a minimum Adjusted Current Ratio, calculated and submitted on a quarterly basis of, at least, .65:1.00 for the quarterly reporting period ending September 30, 2003 and 1.00:1.00 for the quarterly reporting period ending December 31, 2003 and each quarterly reporting period thereafter.

More Definitions of Adjusted Current Ratio

Adjusted Current Ratio means, as at any applicable time and for the Borrowers, the ratio of (i) Current Assets to (ii)

Adjusted Current Ratio means the ratio of: (i) the sum of (x) the aggregate Accounts Receivable of the Borrowers plus (y) the aggregate Inventory of the Borrowers; to (ii) the sum of (x) the Aggregate Principal Amount Outstanding plus (y) the aggregate amount of all accounts payable of the Borrowers.

Adjusted Current Ratio is for all purposes herein defined as current assets (as defined by GAAP) plus any unfunded availability under the credit facility divided by current liabilities (as defined by GAAP) exclusive of any balances outstanding the proposed credit facilities from Lender that would otherwise be accounted for as a current liability. The minimum Adjusted Current Ratio shall be .80:1.00 for the quarterly reporting period ended 09/30/00 and 1.00:1.00 for the quarterly reporting period ending 12/31/00 and each quarterly reporting period thereafter.

Adjusted Current Ratio means, as to any Person, at any time, on a consolidated basis for such Person and its Subsidiaries, the ratio of (a) the Current Assets of such Person and its Subsidiaries to (b) the Current Liabilities of such Person and its Subsidiaries plus, in the case of Parent and its Subsidiaries, the then outstanding principal amount of the Loans.

Adjusted Current Ratio means, as of any date of determination, the

Adjusted Current Ratio means, as of March 31, 1997 and as of the end of each calendar month thereafter, the ratio of Adjusted Current Assets to Adjusted Liabilities, provided, that for this purpose only clause (b) in the definition of "Adjusted Current Assets" shall be deemed to read as follows: "

Adjusted Current Ratio means, as of the last day of any Fiscal Quarter, the ratio of (a) the current assets of Borrower and its Subsidiaries on such date, determined in accordance with GAAP to (b) the sum of (i) the current liabilities of Borrower and its Subsidiaries of Borrower and its Subsidiaries on such date, determined in accordance with GAAP plus (ii) the average daily balance of the Indebtedness evidenced by the Revolving Notes for such Fiscal Quarter (or, if