Common use of Added Definition of Current Liabilities Clause in Contracts

Added Definition of Current Liabilities. The definition of “Current Liabilities” is hereby added, in alphabetical order, to Section 13.1 of the Loan Agreement and shall read as follows:

Appears in 2 contracts

Samples: Loan and Security Agreement (Lantronix Inc), Loan and Security Agreement (Lantronix Inc)

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Added Definition of Current Liabilities. The definition of “Current LiabilitiesLiabilites” is hereby added, in alphabetical order, added to Section 13.1 of the Loan Agreement Agreement, in alphabetical order, and shall read as follows:

Appears in 1 contract

Samples: Loan and Security Agreement (DecisionPoint Systems, Inc.)

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Added Definition of Current Liabilities. The following definition of “Current Liabilities” is hereby added, in alphabetical order, added to Section 13.1 of the Loan Agreement Agreement, in alphabetical order, and shall read as follows:: “ ‘Current Liabilities’ are all obligations and liabilities of Borrower to Bank, plus, without duplication, the aggregate amount of Borrower’s Total Liabilities that mature within one (1) year.”

Appears in 1 contract

Samples: Loan and Security Agreement (Iwatt Inc)

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