Common use of Initial Working Capital Clause in Contracts

Initial Working Capital. Apple shall make available to the Orthodontic Entity an interest free line of credit ("Initial Working Capital Line") for the initial working capital needs of the Orthodontic Entity, up to a maximum amount equal to the reduction in Net Operating Amount attributable to changes in patient payment schedules. The Orthodontic Entity shall be entitled to draw funds from the Initial Working Capital Line up until six (6) months after the Acquisition Closing Date ("Loan Termination Date"). The amount, if any, of the Initial Working Capital Line outstanding on the Loan Termination Date shall be repaid, in equal monthly installments (without interest) over a two-year period commencing on the Loan Termination Date.