Common use of Streamline Period Clause in Contracts

Streamline Period. Any period when the sum of Borrower’s unrestricted cash and Cash Equivalents, plus Eligible Accounts, minus the outstanding principal balance of any Advances, is greater than or equal to Eighteen Million Dollars ($18,000,000), 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 Eighteen Fifteen Million Dollars ($18,000,00015,000,000), 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.”