Adjusted Quick Ratio. Borrower shall maintain at all times, to be tested as of the last day of each: (i) quarter, and (ii) month when a Credit Extension is requested or Obligations are outstanding, a ratio of Quick Assets to Current Liabilities minus Deferred Revenue of at least 1.75 to 1.0.
Appears in 2 contracts
Sources: Loan and Security Agreement (Axs One Inc), Loan Modification Agreement (Axs One Inc)
Adjusted Quick Ratio. Borrower shall maintain at all times, to be tested tested, as of the last day of each: (i) each quarter, and (ii) month when a Credit Extension is requested or Obligations are outstanding, a ratio of Quick Assets to Current Liabilities minus Deferred Revenue and customer deposits of at least 1.75 2.0 to 1.0.
Appears in 2 contracts
Sources: Loan Modification Agreement (American Science & Engineering Inc), Loan Modification Agreement (American Science & Engineering Inc)
Adjusted Quick Ratio. Borrower and its Subsidiaries, on a consolidated basis, shall maintain at all times, to be tested as of the last day of each: (i) quarter, and (ii) month when a Credit Extension is requested or Obligations are outstandingeach month, a ratio of (i) Quick Assets to (ii) (A) Current Liabilities (excluding the Real Estate Debt), minus (B) Deferred Revenue Revenue, of at least 1.75 to 1.01.5:1.0.
Appears in 1 contract
Sources: Loan and Security Agreement (Axcelis Technologies Inc)
Adjusted Quick Ratio. Borrower shall maintain at all times, ---------------------- to be tested as of the last day of each: (i) quartereach month, on a consolidated basis with respect to Borrower and (ii) month when a Credit Extension is requested or Obligations are outstandingits Subsidiaries, a ratio of (i) Quick Assets to (ii) Current Liabilities minus the current portion of Deferred Revenue of at least 1.75 1.25 to 1.01.00.
Appears in 1 contract
Sources: Loan and Security Agreement (Concurrent Computer Corp/De)
Adjusted Quick Ratio. Borrower shall maintain at all times, to be tested as of the last day of each: (i) quartereach month, on a consolidated basis with respect to Borrower and (ii) month when a Credit Extension is requested or Obligations are outstandingits Subsidiaries, a ratio of (i) Quick Assets to (ii) Current Liabilities minus the current portion of Deferred Revenue of at least 1.75 1.25 to 1.01.00.
Appears in 1 contract
Sources: Loan and Security Agreement (Concurrent Computer Corp/De)
Adjusted Quick Ratio. For any month in which Obligations are outstanding, or for any month in which a Credit Extension is requested, Borrower shall maintain at all times, to be tested as of the last day of each: (i) quartereach such month, and (ii) month when a Credit Extension is requested or Obligations are outstanding, a ratio of an Adjusted Quick Assets to Current Liabilities minus Deferred Revenue Ratio of at least 1.75 1.5 to 1.0; provided, however, if the Adjusted Quick Ratio is not tested for any month pursuant to this Section 6.7(a), Borrower shall maintain at all times, to be tested as of the last day of the current fiscal quarter, an Adjusted Quick Ratio of at least 1.5 to 1.0.
Appears in 1 contract
Sources: Loan and Security Agreement (NMS Communications Corp)
Adjusted Quick Ratio. Maintain on a consolidated basis with respect to Borrower shall maintain at all timesand its Subsidiaries, to be tested (i) as of the last day of each: (i) quarter, each month in which Credit Extensions were outstanding or requested at any time and (ii) as of the last day of each calendar quarter with respect to which there were no Credit Extensions outstanding or requested during any particular month when a Credit Extension is requested or Obligations are outstandingin such quarter, a ratio an Adjusted Quick Ratio of Quick Assets to Current Liabilities minus Deferred Revenue of at least 1.75 greater than 1.10 to 1.0.
Appears in 1 contract