Quick Assets

Quick Assets. Is, on any date, the Borrower's consolidated, unrestricted cash and cash equivalents held at Bank, plus net billed accounts receivable.

Quick Assets. Means the sum of cash, plus cash equivalents, plus accounts receivable (billed and unbilled), plus securities classified as short-term marketable securities according to GAAP, as such items appear on Borrower's consolidated balance sheet, determined in accordance with GAAP.

Quick Assets. On any date, the Borrower's, unrestricted cash and cash equivalents, plus marketable securities and net billed accounts receivable, all determined according to GAAP.