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Current Ratio
Current Ratio contract clause examples

Limited Waiver of Current Ratio Covenant. Lender hereby waives the requirements of [Section 5.05] of the Master Agreement solely for the period ending on September 30, 2019, and further waives any Default or Event of Default that has arisen or would otherwise result solely from Borrower’s failure to satisfy the Current Ratio covenant for such period. The Current Ratio covenant for all future periods is not waived and remains in full force and effect.

Current Obligations. I agree that during the term of my employment with the Company, I will not engage in or undertake any other employment, occupation, consulting relationship, or commitment that is directly related to the business in which the Company is now involved or becomes involved or has plans to become involved, nor will I engage in any other activities that conflict with my obligations to the Company.

Minimum Current Ratio. [Section 7.3] is hereby amended by amending and restating paragraph # thereof in its entirety to read as follows:

Minimum Current Ratio. Borrower shall not permit the Current Ratio, determined as of the last day of each fiscal quarter, to be less than # 1.50 to 1.00 for the fiscal quarters ending on each of June 30, 2021, September 30, 2021, December 31, 2021 and March 31, 2022 and # 2.50 to 1.00 for the quarter ending June 30, 2022 and each fiscal quarter thereafter.

Limited Waiver of Current Ratio Covenant. Lender hereby waives the requirements of [Section 5.05] of the Master Agreement solely for the periods ending on June 30, 2019, July 31, 2019, and August 31, 2019, and further waives any Default or Event of Default that has arisen or would otherwise result solely from Borrower’s failure to satisfy the Current Ratio covenant for such periods. The Current Ratio covenant for all other periods is not waived and remains in full force and effect.

has the meaning given to such term in [Section 6.11(d)] of the Plan.

Current Ratio. Permit the ratio of # Borrower’s consolidated Current Assets to # Borrower’s consolidated Current Liabilities (excluding the Loan Balance) to be less than 1.00:1.00. This ratio shall be tested as of the end of each calendar quarter during the term hereof.

Current Ratio. Permit the ratio of # Borrower’s consolidated Current Assets to # Borrower’s consolidated Current Liabilities (excluding the Loan Balance) to be less than 1.00:1.00. This ratio shall be tested as of the end of each calendar quarter during the term hereof.

Current Obligations. I agree that during the term of my employment with the Company, I will not engage in or undertake any other employment, occupation, consulting relationship, or commitment that is directly related to the business in which the Company is now involved or becomes involved or has plans to become involved, nor will I engage in any other activities that conflict with my obligations to the Company.

Current Ratio. Borrower’s Current Ratio, on a consolidated basis, shall not be less than 1.50 to 1.00 at the end of each calendar quarter commencing with the quarter ending June 30, 2022.

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