Common use of QUICK ASSETS RATIO Clause in Contracts

QUICK ASSETS RATIO. Permit at any time during any fiscal quarter set forth below, the ratio of (x) the sum of (i) cash and Cash Equivalents of the Borrower and its Subsidiaries at such time plus (ii) the amount shown on a consolidated balance sheet of the Borrower and its Subsidiaries at such time as accounts receivable (less provision for doubtful accounts) at such time to (y) Consolidated Current Liabilities to be less than the ratio set forth opposite such period below: FISCAL QUARTERS ENDING DURING THE FOLLOWING PERIODS: RATIO March 31, 1998 through December 30, 1998 0.80 to 1.00 December 31, 1998 through December 30, 1999 1.00 to 1.00 December 31, 1999 through December 30, 2000 1.00 to 1.00 December 31, 2000 through December 30, 2001 1.00 to 1.00

QUICK ASSETS RATIO. Permit at any time during any fiscal quarter set forth below, the ratio of (x) the sum of (i) cash and Cash Equivalents of the Borrower and its Subsidiaries at such time plus (ii) the amount shown on a consolidated balance sheet of the Borrower and its Subsidiaries at such time as accounts receivable (less provision for doubtful accounts) at such time to (y) Consolidated Current Liabilities to be less than the ratio set forth opposite such period below: FISCAL QUARTERS ENDING DURING THE FOLLOWING PERIODS: RATIO March June 30, 1997 through December 30, 1997 0.90 to 1.00 December 31, 1998 1997 through December 30, 1998 0.80 1.00 to 1.00 December 31, 1998 through December 30, 1999 1.00 to 1.00 December 31, 1999 through December 30, 2000 1.00 to 1.00 December 31, 2000 through December 30, 2001 1.00 to 1.00