Common use of Minimum Cash Balance Clause in Contracts

Minimum Cash Balance. The Parent Borrower shall not permit the Minimum Cash Balance on any day of any Fiscal Year to be less than the amount set forth below. Fiscal Year Ending Minimum Cash Balance December 31, 2016 $1,000,000 December 31, 2017 $2,000,000 December 31, 2018 and all Fiscal Years thereafter $3,500,000

Minimum Cash Balance. The Parent Borrower shall not permit the Minimum Cash Balance on any day of any Fiscal Year to be less than the amount set forth below. Fiscal Year Ending Period Minimum Cash Balance Fiscal Year ending December 31, 2016 $$ 1,000,000 Fiscal Year ending December 31, 2017 $$ 2,000,000 December Five Months ending May 31, 2018 $ 3,500,000 Four Months ending September 30, 2018 $ 2,000,000 October 1, 2018 and all Fiscal Years thereafter $$ 3,500,000