Financial Covenants of Borrower. Dated: ____________________ Tangible Net Worth (Section 6.9(a)) Required Amount: $6,000,000 plus (i) 50% of consideration for equity securities and subordinated debt plus (ii) 50% of Borrower’s quarterly net income Actual:
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Samples: Loan and Security Agreement (Lantronix Inc), Loan and Security Agreement (Lantronix Inc)
Financial Covenants of Borrower. Dated: ____________________ Tangible Net Worth (Section 6.9(a)) Required Amount: $6,000,000 7,000,000 plus (i) 50% of consideration for equity securities and subordinated debt plus (ii) 50% of Borrower’s quarterly net income Actual:
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Financial Covenants of Borrower. Dated: ____________________ Tangible Net Worth (Section 6.9(a)) Required AmountRequired: $6,000,000 4,000,000 plus (i) 5025% of all consideration received for equity securities and subordinated debt of the Borrower, plus (ii) 5025% of the Borrower’s quarterly net income in each fiscal quarter Actual:
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