Common use of Stop Loss Clause in Contracts

Stop Loss. Pursuant to Section 5.2(d) of the Credit Agreement, for the month ending on the Reporting Date, Company has suffered a Net Loss of $ , which o satisfies o does not satisfy the requirement that Company suffer a Net Loss in any single month not in excess of $250,000.

Appears in 5 contracts

Samples: Credit and Security Agreement (Nortech Systems Inc), Credit and Security Agreement (Nortech Systems Inc), Credit and Security Agreement (Nortech Systems Inc)

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Stop Loss. Pursuant to Section 5.2(d) of the Credit Agreement, for the month ending on the Reporting Date, Company has suffered a Net Loss of $ , which o satisfies o does not satisfy the requirement that Company suffer a Net Loss in any single month not in excess of $250,000100,000.

Appears in 1 contract

Samples: Credit and Security Agreement (Nortech Systems Inc)

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Stop Loss. Pursuant to Section 5.2(d8(d) of the Credit Agreement, for the month ending on the Reporting Date, Company has suffered a Net Loss of $ , which o satisfies o does not satisfy the requirement that Company suffer a Net Loss in any single month not in excess of $250,000.

Appears in 1 contract

Samples: Credit and Security Agreement (Nortech Systems Inc)

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