Example ContractsClausesAdjusted Quick Ratio
Remove:

Adjusted Quick Ratio. A ratio of # Quick Assets to # Current Liabilities minus the current portion of Deferred Revenue of at least 1.15 to 1.00.

Is line I equal to or greater than 1.15:1:00?

Required: 1.50:1.00

“(b) Adjusted Quick Ratio. An Adjusted Quick Ratio of at least 1.25 to 1.00, tested as of the end of each fiscal quarter of Borrower.”

Quick Ratio” means the ratio of Current Assets less inventory (net of LIFO Reserve), to Current Liabilities.

o G. shall maintain a Quick Ratio of not less than ​ to 1.00, measured ​ as of each quarter/fiscal year] end.

"Adjusted Leverage Ratio" means, as of any date, the ratio of # the Total Seasonally Adjusted Debt as of such date to # the Total Adjusted Capitalization as of such date.

6A(5).Secured Debt to Total Adjusted Asset Value Ratio. The Secured Debt to Total Adjusted Asset Value Ratio at any time to exceed 0.40 to 1.00.

Consolidated Interest Coverage Ratio” means for any period, the ratio of # Adjusted Consolidated EBITDA to # Consolidated Cash Interest Expense for such period.

Consolidated Total Debt for such four-quarter period

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