Cash conservation program and Borrower's activities Sample Clauses

Cash conservation program and Borrower's activities. (a) Notwithstanding any other provisions in this agreement, from time to time, the Borrower must: (i) if requested by the Lender, implement such actions as are considered reasonably necessary by the Lender after consultation with the Borrower to ensure that the Group will have a positive cash balance at the end of each month until such time as the Offsets for FY17 is anticipated to be paid, with such actions to be materially consistent with the most recent Forecast Cash Flow Projection that is acceptable to the Lender; and (ii) ensure that all activities undertaken and expenditure incurred by the Group must substantially be in connection with the launch of the Product; (b) The Borrower agrees to implement the program of activities as contemplated in the working capital and cash flow forecast of the Borrower prepared by the Borrower and contained in Schedule 7.
Sample 1
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