Common use of ASSET BASED TERMS IN EFFECT Clause in Contracts

ASSET BASED TERMS IN EFFECT. During all periods in which the Asset Based Terms are in effect, Borrower shall comply with the following financial covenant at all times during the term of this Agreement and, at the request of Bank from time to time, Borrower shall provide evidence of compliance therewith.

Appears in 1 contract

Sources: Loan and Security Agreement (Comverge, Inc.)

ASSET BASED TERMS IN EFFECT. During all periods in which the Asset Based Terms are in effect, Borrower shall comply with the following financial covenant at all times during the term of this Agreement Agreement, measured on a monthly basis, and, monthly and otherwise at the request of Bank from time to time, Borrower shall provide evidence of compliance therewith.

Appears in 1 contract

Sources: Loan and Security Agreement (North American Scientific Inc)