Consolidated Quick Assets definition

Consolidated Quick Assets means, as of any date of determination, the sum of all unencumbered and unrestricted (except those encumbered or restricted in favor of Agent or Lenders as security for the Obligations) cash, cash equivalents and net accounts receivable classified as current assets according to GAAP, of LSI and its Subsidiaries on a consolidated basis, as determined in accordance with GAAP.

Consolidated Quick Assets means as of any date the sum of (i) Borrower's cash as of such date, (ii) Cash Equivalents as of such date, and (iii) Borrower's accounts receivable as of such date, all as determined in accordance with GAAP.

Consolidated Quick Assets means, on the date of determination, the sum of all cash, Marketable Securities, and accounts receivable of the Company and its Subsidiaries which have not been assigned, transferred, restricted, sold or subject to any Lien, except Liens in favor of the Administrative Agent for the benefit of the Lenders in accordance with this Agreement, all as calculated on a consolidated basis in accordance with Generally Accepted Accounting Principles applied on a consistent basis.

Examples of Consolidated Quick Assets in a sentence

• In no event shall any restricted payment be made if the ratio of Consolidated Quick Assets to Consolidated Current Liabilities is less than 1.50 to 1.00 as of the last day of the fiscal quarter immediately preceding such restricted payment and after giving effect to such restricted payment.

• Permit the ratio (the "Quick Ratio") of (i) Consolidated Quick Assets to (ii) Consolidated Current Liabilities to be less than 2.25 to 1.00.

• The Borrower shall not permit the ratio of Consolidated Quick Assets to Consolidated Current Liabilities, including all Revolving Credit Loans then outstanding and the Stated Amount of all Letters of Credit then outstanding, to be less than 1.25 to 1 at any time.

• The Borrower will not permit the ratio of Consolidated Quick Assets to Consolidated Current Liabilities to be less than 1.25 to 1 at any time.

• Lessee will maintain a ratio of Consolidated Quick Assets to Consolidated Current Liabilities of not less than 1.25 to 1.00 as of the last day of each fiscal quarter.

More Definitions of Consolidated Quick Assets

Consolidated Quick Assets means, at any time, the sum of the cash, Accounts, Short Term Investments and Long Term Fixed Income Investments of the Borrower and its Subsidiaries, provided the sum of Long Term Fixed Income Investments shall not exceed 25% of the amount of the Borrower's cash.

Consolidated Quick Assets at any date, (a) the aggregate amount of unrestricted cash and Cash Equivalents of the Group Members, plus (b) all Accounts appearing on a consolidated balance sheet of Holdings and its consolidated Subsidiaries at such date.

Consolidated Quick Assets means the cash, Cash Equivalents, net trade accounts receivable and marketable securities not classified as long-term investments of the Borrower and its Subsidiaries on a Consolidated basis.

Consolidated Quick Assets. Consolidated Quick Assets" means Quick Assets of Tenant and its Consolidated Subsidiaries, as determined on a consolidated basis in accordance with GAAP (except as otherwise provided in the definition of "Quick Assets" set forth in subparagraph 1(cc) below).

Consolidated Quick Assets at any date of determination thereof, all cash, cash equivalents and accounts receivable of the Borrower and its Subsidiaries at such date of determination, determined in accordance with GAAP and set forth on the then most recent consolidated balance sheet of the Borrower and its Subsidiaries.

Consolidated Quick Assets at any date, (a) all unrestricted cash and Cash Equivalents subject to, at all times after the Perfection Date, a perfected first priority Lien (subject only to Liens permitted by Section 7.3(k)) in favor of the Administrative Agent, plus (b) all net billed Accounts, in each case, to the extent appearing on a consolidated balance sheet of the Group Members at such date.

Consolidated Quick Assets at any date, the Loan Parties’ unrestricted cash and Cash Equivalents plus net billed accounts receivable, determined according to GAAP.