Common use of Quick Ratio Clause in Contracts

Quick Ratio. A ratio of (i) Quick Assets to (ii) Current Liabilities, plus long term Indebtedness to Bank and outstanding letters of credit under the Committed Revolving Line minus deferred revenue of at least 2.00 to 1.00.

Quick Ratio. A ratio of (i) Quick Assets to (ii) Current Liabilities, Liabilities plus long term Indebtedness to Bank and outstanding letters in favor of credit under the Committed Revolving Line minus Bank, less deferred revenue of revenue, at least 2.00 1.5 to 1.001.0.

Quick Ratio. A ratio of (i) Quick Assets to (ii) Current Liabilities, plus long term Indebtedness to Bank and outstanding letters of credit under the Committed Revolving Line Liabilities minus deferred revenue Deferred Revenues of at least 2.00 1.75 to 1.001.0.

Quick Ratio. A ratio of (i) Quick Assets to (ii) Current Liabilities, plus long term Indebtedness to Bank and outstanding letters of credit under the Committed Revolving Line from Bank to Borrower, minus deferred revenue of at least 2.00 to 1.00.

Quick Ratio. A ratio of (i) Quick Assets to (ii) Current Liabilitiesliabilities, plus long term Indebtedness to Bank and outstanding letters in favor of credit under the Committed Revolving Line minus Bank, less deferred revenue and current portion of Indebtedness in favor of Prometheus of at least 2.00 to 1.001.50:1.00.

Quick Ratio. A ratio of (i) Quick Assets to (ii) Current Liabilities, plus long term Indebtedness to Bank and outstanding letters of credit under the Committed Revolving Line minus deferred revenue of at least 2.00 1.75 to 1.00.

Quick Ratio. A ratio of (i) Quick Assets to (ii) Current Liabilities, Liabilities plus long term all outstanding Indebtedness owed by Borrower to Bank and outstanding letters of credit under the Committed Revolving Line minus deferred revenue of at least 2.00 to 1.00.

Quick Ratio. A ratio of (iQuick Assets) Quick Assets to (ii) Current Liabilities, plus long term Indebtedness to Bank and outstanding Liabilities (including undrawn letters of credit under the Committed Revolving Line and credit card sublimits, if any) plus all non-cash collateralized indebtedness to Bank minus deferred revenue maintenance contract revenue) of at least 2.00 1.50 to 1.00.

Quick Ratio. A ratio of (i) Quick Assets to (ii) Current Liabilities, plus long term Indebtedness to Bank and outstanding letters Letters of credit under the Committed Revolving Line Credit minus deferred revenue of at least 2.00 to 1.00.

Quick Ratio. A ratio of (i) Quick Assets to (ii) Current Liabilities, plus long term Indebtedness to Bank and outstanding letters of credit under the Committed Revolving Line Liabilities minus ----------- deferred revenue revenues of at least 2.00 2.0 to 1.001.0.