Cash or Cash Equivalent. Beginning October 1, 2014, Borrowers shall at all times maintain (combined) a minimum of $4,000,000.00 in cash or cash equivalents. Cash equivalent shall be acceptable to Lender.
Appears in 2 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (New Source Energy Partners L.P.)
Cash or Cash Equivalent. Beginning October 1As of June 30, 20142015, Borrowers shall at all times maintain have (combined) a minimum of $4,000,000.00 1,000,000.00 in cash or cash equivalents. Beginning October 1, 2015, Borrowers shall have (combined) a minimum of $3,500,000.00 in cash or cash equivalents as of each calendar quarter end. Cash equivalent equivalents shall be acceptable to Lender.
Appears in 2 contracts
Samples: Loan Modification Agreement, Loan Modification Agreement (New Source Energy Partners L.P.)
