Cash Velocity. Collections of Borrower’s Accounts shall not be less than $3,750,000 for each calendar month during the Term; provided, that upon any violation of or failure to comply with this covenant Lender shall have the right, in its sole discretion, to consider for all purposes under the Agreement as though Borrower actually collected Accounts equal to such minimum required amount.
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Samples: Loan and Security Agreement (Access Worldwide Communications Inc), Loan and Security Agreement (Access Worldwide Communications Inc), Revolving Credit, Term Loan and Security Agreement (Access Worldwide Communications Inc)
Cash Velocity. Beginning May 31, 2006, Collections of Borrower’s Accounts shall not be less than $3,750,000 1,300,000 for each calendar month during the Term; provided, that that, upon any violation of or failure to comply with this covenant Lender shall have the right, in its sole discretion, to consider for all purposes under the Agreement as though Borrower actually collected Accounts equal to such minimum required amount.”
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Samples: Revolving Credit and Security Agreement (Derma Sciences, Inc.)
Cash Velocity. Collections of Borrower’s 's Accounts shall not be less than $3,750,000 15,000,000 for each Test Period, as measured at the end of each calendar month during the Term; provided, that upon any violation of or failure to comply with this covenant Lender shall have the right, in its sole discretion, to consider for all purposes under the Agreement as though Borrower actually collected Accounts equal to such minimum required amount.
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