Current Liquidity. Maintain a minimum liquidity of $5,000,000. Liquidity shall include availability under the lines of credit and ATM equity shelf offering, in accordance with the universal shelf registration statement on Form S-3 filed April 11, 2018 and the prospectus supplement filed with the SEC on May 10, 2018 which allow Borrower to issue and sell up to $30,000,000 of its common stock.
Current Liquidity. Maintain a minimum liquidity of $5,000,000. Liquidity shall include ash, cash equivalents, short term investments, and availability under the lines of credit and under any “ATM equity shelf offering”, in accordance with any universal shelf registration statement on Form S-3 filed hereafter which will allow INDUS, Inc. to issue and sell its common stock.
Current Liquidity. Maintain a ratio of current assets (excluding inventories) to current liabilities of at least 1.0:1.0; provided that adjustments shall be made in the computation of such ratio to exclude from current liabilities amounts for deferred revenues, accounts payable and accrued liabilities related to inventories, accounts payable and accrued liabilities related to construction and/or development of real estate assets and principal and interest due on the current portion of long term debt.
