Common use of Cash Balance Clause in Contracts

Cash Balance. The Borrower will maintain at all times a minimum positive cash balance equal to $750,000 or such lower amount as is agreed to by the Lender acting reasonably (the “Cash Balance Statement”).

Appears in 5 contracts

Sources: Loan Agreement (Synergy CHC Corp.), Loan Agreement (Synergy CHC Corp.), Loan Agreement (Synergy CHC Corp.)