Common use of Monthly Expenses Clause in Contracts

Monthly Expenses. Ontro shall maintain its monthly cash expenses at no more than $230,000 per month during the term of this Agreement. During the term of the Agreement, Ontro shall not increase these expense levels unless Ontro receives funds from the sale of securities to Unilever or its affiliates, in which case, Ontro may increase the amount of monthly expenses up to, but not in excess of $320,000 per month. Ontro shall provide confirmation of compliance with this provision upon Aura's written request, and to allow Aura or its agents at Aura's expense to audit Ontro's financial records to confirm compliance with this representation.

Monthly Expenses. Ontro shall maintain reduce its monthly cash expenses at no more to less than $230,000 270,000 per month during the term of this Agreementby February 1, 2001. During the term of the Agreement, Ontro shall not increase these expense levels unless Ontro receives funds from the sale of securities to Unilever or its affiliates, in which case, Ontro may increase the amount of monthly expenses up to, but not in excess of $320,000 per month. Ontro shall provide confirmation of compliance with this provision upon Aura's written request, and to allow Aura or its agents at Aura's expense to audit Ontro's financial records to confirm compliance with this representation.