Monthly Basis definition
Examples of Monthly Basis in a sentence
Maintain on a Monthly Basis: Current Ratio of at least* :1.00 :1.00 Yes No * See Section 6.9(a).
Monthly financial statements with CC Monthly within 30 days Yes No Annual financial statements (CPA Audited) FYE within 180 days Yes No Borrowing Base Certificate w/ A/R and A/P agings, if required Monthly within 30 days when borrowing Yes No 10-Q, 10-K and 8-K Within 5 days after filing with SEC Yes No Projections Annually, within 30 days of Board approval Yes No Maintain on a Monthly Basis: Minimum.
Maintain on a Monthly Basis: Minimum Tangible Net Worth $12,500,000 plus (i) 50% of new equity and sub debt plus (ii) 50% of quarterly net income on or after March 31, 2010 $_______ Yes No The following financial covenant analysis and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate.
Maintain on a Monthly Basis: Adjusted Quick Ratio ³1.1:1.0 :1.0 Yes No Maintain on a Quarterly Basis: Revenue $ * $ Yes No * As set forth in Section 6.7(b) of the Agreement.
ACTUAL COMPLIES ------------------ -------- ------ -------- Maintain on a Monthly Basis: Minimum Quick Ratio 1.0:1.0 _____:1.0 Yes No Maximum Debt/Tangible Net Worth 0.6:1.0 _____:1.0 Yes No The following financial covenant analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate.
Maintain on a Monthly Basis: Liquidity Ratio: Minimum EBITDA: The following financial covenant analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate.
Monthly within 20 days Yes No A/R Audit Initial and Semi-Annual Yes No Annual Projections Upon Request Yes No Total amount of Borrower’s cash and investments maintained with Bank and Bank Affiliates All cash and investments other than the Permitted Foreign Accounts Yes No Measured on a Monthly Basis: Minimum Adjusted Quick Ratio 1.10:1.00 ______:1.00 Yes No Measured on a Quarterly Basis: Minimum Net Income See attached chart $ _________ Yes No Comments Regarding Exceptions: See Attached.
Maintain on a Monthly Basis: Minimum Adjusted Quick Ratio :1.0 * :1.0 Yes No Maintain on a Quarterly Basis: Minimum Tangible Net Worth $ ** $ Yes No * As set forth in Section 6.7(a) of the Loan Agreement ** As set forth in Section 6.7(b) of the Loan Agreement The following financial covenant analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate.
Maintain on a Monthly Basis Tangible Net Worth* $ * $ Yes No Adjusted Quick Ratio 1.25:1.0 :1.0 Yes No * As set forth in Section 6.10(a) of the Agreement.
Maintain on a Monthly Basis: Minimum Liquidity Ratio At least 2.00 : 1.00 _____ : 1.00 Yes No Minimum EBITDA for any Test Period of 2 Consecutive Fiscal Quarters (commencing with the Test Period ending on March 31, 2009) See Section 6.9(b) of the Non-Exim Loan Agreement EBITDA for Test Period most recently ended (“Last Quarter”): $_________ Yes No The following financial covenant analys[is][es] and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate.