Quick Assets is, on any date, the Borrower's consolidated, unrestricted cash, cash equivalents, net billed accounts receivable and investments with maturities of fewer than 12 months determined according to GAAP.
Quick Assets means, at any date as of which the amount thereof shall be determined, the consolidated cash, cash-equivalents, accounts receivable and investments, with maturities not to exceed 90 days, of Borrower determined in accordance with GAAP.
Quick Assets is, on any date, Borrower’s unrestricted and unencumbered cash maintained with Bank, plus net billed payment processor accounts receivable.
Examples of Quick Assets in a sentence
A ratio of Quick Assets to Current Liabilities of at least 1.50 to 1.00.
A ratio of Quick Assets to Current Liabilities of at least 2.00 to 1.00.
A ratio of Quick Assets to Current Liabilities of at least 1.25 to 1.00.
Borrower shall maintain, as of the last day of each calendar month, a ratio of Quick Assets to Current Liabilities of at least 2.0 to 1.0.
Borrower shall maintain, as of the last day of each calendar month, a ratio of Quick Assets to Current Liabilities of at least 1.5 to 1.0.
More Definitions of Quick Assets
Quick Assets means cash on hand or on deposit in banks, readily marketable securities issued by the United States, readily marketable commercial paper rated "A-1" by Standard & Poor's Corporation (or a similar rating by a similar rating organization), certificates of deposit and banker's acceptances, and accounts receivable (net of allowance for doubtful accounts).
Quick Assets is, on any date, the Borrower's consolidated, unrestricted cash, cash equivalents, net billed accounts receivable and investments with maturities of less than 12 months determined according to GAAP.
Quick Assets means, as of any applicable date, the consolidated cash, cash equivalents, accounts receivable and investments with maturities of fewer than 90 days of Borrower determined in accordance with GAAP.
Quick Assets is, on any date, Borrower's unrestricted cash plus net billed accounts receivable determined according to GAAP."
Quick Assets means cash, short-term cash investments, net trade receivables and marketable securities not classified as long-term investments.
Quick Assets means, as of any applicable date of determination, unrestricted cash, certificates of deposit or marketable securities and net accounts receivable arising from the sale of goods and services, and United States government securities and/or claims against the United States government of Borrower and its subsidiaries.
Quick Assets is, on any date, the Borrowers’ consolidated, unrestricted cash and cash equivalents determined according to GAAP.