Common use of Minimum Cash Clause in Contracts

Minimum Cash. As determined on the first of every calendar month, the Company shall at all times keep on-hand unencumbered, unrestricted cash in an amount greater than or equal to $1,000,000.

Appears in 5 contracts

Samples: Trio Petroleum Corp., Trio Petroleum Corp., Indonesia Energy Corp LTD

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Minimum Cash. As determined on the first of every calendar month, the Company shall at all times keep on-hand unencumbered, unrestricted cash in an amount greater than or equal to $1,000,000250,000.

Appears in 3 contracts

Samples: Freight Technologies, Inc., Freight Technologies, Inc., Freight Technologies, Inc.

Minimum Cash. As determined on the first of every calendar month, the Company shall at all times keep on-on hand unencumbered, unrestricted cash in an amount greater than or equal to $1,000,000200,000.

Appears in 2 contracts

Samples: Phoenix Motor Inc., Phoenix Motor Inc.

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Minimum Cash. As determined on the first of every calendar month, the Company shall at all times keep on-hand unencumbered, unrestricted cash in an amount greater than or equal to $1,000,000300,000.

Appears in 1 contract

Samples: Trio Petroleum Corp.

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