Common use of Cash Burn Clause in Contracts

Cash Burn. Tested monthly and calculated on a trailing six-months average, a Cash Burn of not more than the amounts shown in column B below for the corresponding reporting period in column A.

Appears in 2 contracts

Samples: Loan and Security Agreement (Enumeral Biomedical Holdings, Inc.), Loan Agreement (Enumeral Biomedical Holdings, Inc.)

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Cash Burn. Tested monthly and calculated on a trailing six-months average, a Cash Burn Bum of not more than the amounts shown in column B below for the corresponding reporting period in column A.

Appears in 2 contracts

Samples: Loan and Security Agreement (Enumeral Biomedical Holdings, Inc.), Loan Agreement (Enumeral Biomedical Holdings, Inc.)

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