Putting Asset Based Terms Into Effect. In the event that the Borrower does not meet the Quick Ratio Test at any time, then the Asset Based Terms shall thereafter be effective upon written notice from Silicon to the Borrower at any time. Once the Asset Based Terms are effective, the Borrower may not transfer back to the Non-Asset Based Terms, except with the written agreement of Silicon, which shall be a matter of its good faith business judgment.
Appears in 2 contracts
Sources: Loan and Security Agreement (Atheros Communications Inc), Loan Agreement (Atheros Communications Inc)