Adjusted Quick Ratio Sample Clauses
The Adjusted Quick Ratio clause defines a financial metric used to assess a company's short-term liquidity by measuring its ability to meet immediate obligations with its most liquid assets, excluding inventory and sometimes other less liquid current assets. In practice, this clause specifies how the ratio is calculated, often detailing which assets and liabilities are included or excluded, and may set a minimum threshold that the company must maintain. Its core function is to provide a clear, objective standard for financial health, helping parties monitor solvency and manage risk in contractual relationships.
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Adjusted Quick Ratio. Borrower shall maintain, as of the last day of each calendar quarter, a ratio of (i) Quick Assets to (ii) Current Liabilities less current deferred maintenance revenues of at least 1.25 to 1.0.
Adjusted Quick Ratio. A ratio of Quick Assets to Quick Liabilities of at least 0.95 to 1.0 for the quarter ending December 31, 2008 and for each fiscal quarter thereafter.
Adjusted Quick Ratio. Maintain at all times, tested as of the last day of each month, a ratio of (a) Quick Assets to (b) the sum of (i) Current Liabilities minus (ii) the current portion of Deferred Revenue, of at least 1.15 to 1.0.
Adjusted Quick Ratio. An Adjusted Quick Ratio of at least 1.25 to 1.00.
Adjusted Quick Ratio. A ratio of (i) Quick Assets to (i) Current Liabilities minus the current portion of Deferred Revenue of at least 1.15 to 1.00.
Adjusted Quick Ratio. Maintain at all times, to be tested as of the last day of each month, an Adjusted Quick Ratio of at least 1.25 to 1.0.
Adjusted Quick Ratio. An Adjusted Quick Ratio of at least 1.25:1.00 (provided that Borrower shall also maintain Net Cash in an amount of not less than the Net Cash Threshold Amount).
Adjusted Quick Ratio. Borrower shall maintain at all times, to be tested, as of the last day of each quarter, a ratio of Quick Assets to Current Liabilities minus Deferred Revenue and customer deposits of at least 2.0 to 1.0.
Adjusted Quick Ratio. Borrower shall at all times, measured on a monthly basis, maintain a ratio of Cash held at Bank or at Bank’s Affiliates subject to account control agreements in favor of Bank plus Eligible Accounts to Current Liabilities plus (to the extent not already included therein) all Indebtedness to Bank (excluding any amounts outstanding under the ACH Sublimit) less the current portion of Deferred Revenue of at least 1.10 to 1.00.
Adjusted Quick Ratio. As of the last day of each month, an Adjusted Quick Ratio of at least 1.75 to 1.00.