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.
Appears in 2 contracts
Sources: Loan Modification Agreement (American Science & Engineering Inc), Loan Modification Agreement (American Science & Engineering Inc)
Adjusted Quick Ratio. Borrower shall maintain at all times, to be tested, tested as of the last day of each 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 and customer deposits of at least 2.0 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 and its Subsidiaries, on a consolidated basis, shall maintain at all times, to be tested, tested as of the last day of each quartermonth, a ratio of (i) Quick Assets to (ii) (A) Current Liabilities (excluding the Real Estate Debt), minus (B) Deferred Revenue and customer deposits Revenue, of at least 2.0 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, tested as of the last day of each quartermonth, on a consolidated basis with respect to Borrower and its Subsidiaries, a ratio of (i) Quick Assets to (ii) Current Liabilities minus the current portion of Deferred Revenue and customer deposits of at least 2.0 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, tested as of the last day of each quartermonth, on a consolidated basis with respect to Borrower and its Subsidiaries, a ratio of (i) Quick Assets to (ii) Current Liabilities minus the current portion of Deferred Revenue and customer deposits of at least 2.0 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, tested as of the last day of each quartersuch month, a ratio of an Adjusted Quick Assets to Current Liabilities minus Deferred Revenue and customer deposits Ratio of at least 2.0 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)