Common use of Minimum Cash Clause in Contracts

Minimum Cash. Borrower and Subsidiaries shall maintain, at all times, a minimum daily balance of cash and Permitted Cash Equivalent Investments of at least the greater of (A) $2,000,000 (Two Million Dollars) and (B) to the extent Borrower has incurred Permitted Priority Debt, the minimum cash balance required of Borrower by Borrower’s Permitted Priority Debt creditors.

Minimum Cash. Borrower and Subsidiaries shall (i) maintain, at all timesany time, a minimum daily balance of cash and Permitted Cash Equivalent Investments of at least the greater of (A) $2,000,000 (Two Million Dollars) ), and (Bii) provide the Lenders once a quarter a compliance certificate relating to the extent Borrower has incurred Permitted Priority Debt, foregoing in such form satisfactory to the minimum cash balance required of Borrower by Borrower’s Permitted Priority Debt creditorsMajority Lenders.