Positive working capital. The Working Capital of the Borrower was [—]. The Working Capital of the Borrower shall at all timed during the Security Period be positive and the covenant in Clause 22.2.4 (Positive Working Capital) is thus [not] satisfied.
Appears in 2 contracts
Samples: Facility Agreement (Nordic American Offshore Ltd.), Facility Agreement (Nordic American Offshore Ltd.)
Positive working capital. The aggregate Working Capital of the Borrower Borrowers was [—·]. The Working Capital of the Borrower Borrowers shall at all timed during the Security Period be positive and the covenant in Clause 22.2.4 23.2.4 (Positive Working Capital) is thus [not] satisfied.
Appears in 2 contracts
Samples: Facility Agreement (DHT Holdings, Inc.), Facility Agreement (DHT Holdings, Inc.)
Positive working capital. The Working Capital of the Borrower was [—]. M. The Working Capital of the Borrower shall at all timed during the Security Period be positive and the covenant in Clause 22.2.4 20.2.4 (Positive Working Capital) is thus [not] satisfied.
Appears in 1 contract
