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 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

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.
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.
The Company shall cause the Adjusted Current Ratio to equal or exceed 1.2 to 1.0 at the end of each calendar month.
For the calculation of the March 31, 1999 Adjusted Current Ratio, the Borrower shall be allowed to add to "Current Assets" the $250,000.00 increase in availability documented herein.
A ratio of total current assets to total Adjusted Current Liabilities of not less than 2.0 to 1 through December 30, 2001, and an Adjusted Current Ratio of not less than 2.5 to 1 beginning December 31, 2001 and continuing thereafter.

Adjusted Current Ratio is defined as Current Assets plus any unused availability under the Note divided by Current Liabilities, exclusive of the Loan Balance.

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, 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

Adjusted Current Ratio. As of any date of determination, the ratio of (a) total current assets minus without duplication, any Investments in the Borrower or any Subsidiary by the Borrower or any Subsidiary, any account receivable of the Borrower or any Subsidiary from the Borrower or any Subsidiary or any other assets of the Borrower or any Subsidiary, the obligor for which is the Borrower or any Subsidiary to (b) total current liabilities minus without duplication, any Debt, account payable, or any other liability of the Borrower or any Subsidiary to the Borrower or any Subsidiary, determined and consolidated for the Borrower and its Domestic Subsidiaries in accordance with GAAP.

Adjusted Current Ratio means, as of an applicable date of determination, a ratio of Cash plus Eligible Accounts plus Inventory to Current Liabilities (excluding Subordinated Debt) plus (to the extent not already included therein) all Indebtedness to Bank including Letter of Credit Obligations.” (b) Section 1.12 of the Agreement is hereby deleted in its entirety and replaced with the following:

Adjusted Current Ratio on any date, the ratio of (a) Adjusted Current Assets on such date to (b) Consolidated Total Debt on such date.