Ratio of Current Assets to Current Liabilities. The Borrower shall maintain, for each fiscal quarter end that the Note remains outstanding or the Bank shall have any Commitment hereunder, the ratio of its Current Assets to its Current Liabilities added to its outstanding debt under the Note at not less than 1.5 to 1.
Appears in 2 contracts
Sources: Loan Agreement (Wsi Industries, Inc.), Loan Agreement (Wsi Industries, Inc.)
Ratio of Current Assets to Current Liabilities. The Borrower shall maintain, for each fiscal quarter end that the Note remains outstanding or the Bank shall have any Commitment hereunder, the ratio of its Current Assets to its Current Liabilities added to its outstanding debt under the Note at not less than 1.5 to 1.β
c. Section 6.10 of the Loan Agreement shall be amended as follows:
Appears in 1 contract
Sources: Revolving Line of Credit Promissory Note, Loan Agreement (Wsi Industries, Inc.)
Ratio of Current Assets to Current Liabilities. The Borrower shall maintain, for each fiscal quarter end that the Note remains outstanding or the Bank shall have any Commitment hereunder, the ratio of its Current Assets to its Current Liabilities added to its outstanding debt under the Note at not less than 1.5 1.6 to 1.
Appears in 1 contract
Sources: Loan Agreement (Wsi Industries Inc)