Common use of Positive working capital Clause in Contracts

Positive working capital. The Borrower shall, on a consolidated basis, at all times during the Security Period maintain a positive Working Capital.

Appears in 2 contracts

Samples: Facility Agreement (Nordic American Offshore Ltd.), Facility Agreement (Nordic American Offshore Ltd.)

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Positive working capital. The Borrower shall, on a consolidated basis, Each of the Borrowers shall at all times during the Security Period maintain a positive Working Capital.

Appears in 2 contracts

Samples: Facility Agreement (DHT Holdings, Inc.), Facility Agreement (DHT Holdings, Inc.)

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Positive working capital. The Borrower shall, on a consolidated basis, shall at all times during the Security Period maintain a positive Working Capital.

Appears in 1 contract

Samples: Facility Agreement (NORDIC AMERICAN TANKERS LTD)

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