Common use of Quick Ratio Clause in Contracts

Quick Ratio. Borrower shall maintain at all times a ratio of cash, accounts receivable and marketable securities to current liabilities of not less than 1.75:1.0, as such terms are defined by generally accepted accounting principles.

Appears in 2 contracts

Sources: Loan Agreement (Printrak International Inc), Loan Agreement (Gasonics International Corp)

Quick Ratio. Borrower shall maintain at all times a ratio of cash, accounts receivable and marketable securities to current liabilities of not less than 1.75:1.01.0:1.0, as such terms are defined by generally accepted accounting principles.

Appears in 2 contracts

Sources: Loan Agreement (Safeskin Corp), Loan Agreement (Remec Inc)

Quick Ratio. Borrower shall maintain at all times a ratio of cash, accounts receivable and marketable securities to current liabilities of not less than 1.75:1.01.5:1.0, as such terms are defined by generally accepted accounting principles.

Appears in 1 contract

Sources: Loan Agreement (Remec Inc)

Quick Ratio. Borrower shall maintain at all times a ratio of cash, accounts receivable and marketable securities to current liabilities of not less than 1.75:1.01.1:1.0, as such terms are defined by generally accepted accounting principles.

Appears in 1 contract

Sources: Loan Agreement (Clontech Laboratories Inc)

Quick Ratio. Borrower shall will maintain at all times a ratio of consolidated cash, accounts receivable and marketable securities to consolidated current liabilities of not less than 1.75:1.01.5:1.0, as such terms are defined by generally accepted accounting principles.

Appears in 1 contract

Sources: Loan Agreement (Remec Inc)

Quick Ratio. Borrower shall maintain at all times a ratio of cash, accounts receivable and marketable securities to current liabilities of not less than 1.75:1.01.0:1.0, as such terms are defined by generally accepted accounting principlesGAAP.

Appears in 1 contract

Sources: Loan Agreement (Quiksilver Inc)

Quick Ratio. Borrower shall maintain at all times a ratio of cash, accounts receivable and marketable securities to current liabilities of not less than 1.75:1.01.70:1.0, as such terms are defined by generally accepted accounting principles.

Appears in 1 contract

Sources: Loan Agreement (Gasonics International Corp)

Quick Ratio. Borrower shall maintain at all times a ratio of unrestricted cash, accounts receivable and marketable securities to current liabilities liabilities, including any outstandings under the Revolving Loan of not less than 1.75:1.00.9:1.0, as such terms are defined by generally accepted accounting principles, except for the inclusion of Revolving Loan outstandings as a current liability during the term of the commitment.

Appears in 1 contract

Sources: Loan Agreement (P-Com Inc)

Quick Ratio. Borrower shall maintain at all times a ratio of unrestricted cash, accounts receivable and marketable securities to current liabilities of not less than 1.75:1.0, as such terms are defined by generally accepted accounting principles.

Appears in 1 contract

Sources: Loan Agreement (P-Com Inc)

Quick Ratio. Borrower shall maintain at will all times maintain a ratio of cash, accounts receivable and marketable securities to current liabilities, less deferred revenues classified as current liabilities on Borrower's balance sheet as of said period,of not less than 1.75:1.01.5:1.0, as such terms are defined by generally accepted accounting principles.

Appears in 1 contract

Sources: Loan Agreement (Printrak International Inc)

Quick Ratio. Borrower shall maintain at all times a ratio of cash, accounts receivable and marketable securities to current liabilities of not less than 1.75:1.0, 1.0:1.0 as such terms are defined by generally accepted accounting principles.

Appears in 1 contract

Sources: Loan Agreement (Educational Insights Inc)

Quick Ratio. Borrower shall maintain at all times a ratio of cash, accounts receivable and marketable securities to current liabilities (including any balances outstanding on the Revolving Loan) of not less than 1.75:1.0, as such terms are defined by generally accepted accounting principles1.25:1.

Appears in 1 contract

Sources: Loan Agreement (Smartflex Systems Inc)

Quick Ratio. Borrower shall maintain at all times a ratio of cash, accounts receivable and marketable securities current assets to current liabilities of not less than at least 1.75:1.0, as such terms are defined by generally accepted accounting principles.

Appears in 1 contract

Sources: Loan Agreement (Gasonics International Corp)

Quick Ratio. Borrower shall maintain at all times a ratio of cash, accounts receivable and marketable securities to current liabilities of not less than 1.75:1.01.0 :1.0, as such terms are defined by generally accepted accounting principles.

Appears in 1 contract

Sources: Loan Agreement (Educational Insights Inc)