Minimum Cash. The Parent, on a non-Consolidated Basis, shall at all times have at least $1,000,000 of Cash Equivalents in excess of the amount of Working Capital Loans then outstanding.
Appears in 2 contracts
Samples: Securities Purchase Agreement and Security Agreement (Fusion Telecommunications International Inc), Securities Purchase Agreement and Security Agreement (Fusion Telecommunications International Inc)
Minimum Cash. The Parent, on a non-Consolidated Basis, shall at all times have at least $1,000,000 of Cash Equivalents in excess of the amount of Working Capital Loans then outstanding, which minimum cash shall be determined by including the Escrowed Funds to the extent held by Agent pursuant to Section 4.11.
Appears in 1 contract
Samples: Securities Purchase Agreement and Security Agreement (Fusion Telecommunications International Inc)
Minimum Cash. The Parent, on a non-Consolidated Basis, shall at all times from and after July 31, 2015 have at least $1,000,000 of Cash Equivalents in excess of the amount of the Working Capital Loans then outstanding.
Appears in 1 contract
Samples: Purchase Agreement and Security Agreement (Fusion Telecommunications International Inc)
Minimum Cash. The Parent, on a non-Consolidated Basis, (i) shall at all times other than during the period May 15, 2013 through August 31, 2013 have at least $1,000,000 of Cash Equivalents in excess of the amount of Working Capital Loans then outstanding, and (ii) shall at all times during the period May 15, 2013 through August 31, 2013 have at least $500,000 of Cash Equivalents in excess of the amount of Working Capital Loans then outstanding.
Appears in 1 contract
Samples: Securities Purchase Agreement and Security Agreement (Fusion Telecommunications International Inc)
Minimum Cash. The Parent, on a non-Consolidated Basis, shall at all times from and after September 30, 2015 have at least $1,000,000 of Cash Equivalents in excess of the amount of the Working Capital Loans then outstanding.
Appears in 1 contract
Samples: Securities Purchase Agreement and Security Agreement (Fusion Telecommunications International Inc)
