Common use of Cash Equivalent Clause in Contracts

Cash Equivalent. The words “Cash & Equivalent” mean all of Borrower’s cash, marketable securities, and other near-cash items, excluding sinking funds.

Appears in 2 contracts

Sources: Business Loan Agreement, Business Loan Agreement (Rainmaker Systems Inc)

Cash Equivalent. The words "Cash & Equivalent" mean all of Borrower’s 's cash, marketable securities, and other near-cash items, excluding sinking funds.

Appears in 1 contract

Sources: Business Loan Agreement (Asset Based) (Versant Corp)