Common use of Streamline Period Clause in Contracts

Streamline Period. Any period when the sum of Borrower’s unrestricted cash and Cash Equivalents, plus eighty five percent (85%) of Eligible Accounts, minus the outstanding principal balance of any Advances, is greater than or equal to Fifteen Million Dollars ($15,000,000), Borrower shall be in a “Streamline Period”. Bank may terminate the Streamline Period at any time that the conditions for a Streamline Period no longer exist.

Streamline Period. Any period when the sum of Borrower’s unrestricted cash and Cash Equivalents, plus eighty five percent (85%) of Eligible Accounts, minus the outstanding principal balance of any Advances, is greater than or equal to Fifteen Eighteen Million Dollars ($15,000,00018,000,000), Borrower shall be in a “Streamline Period”. Bank may terminate the Streamline Period at any time that the conditions for a Streamline Period no longer exist.”