Common use of Future Periods Clause in Contracts

Future Periods. For periods prior to the Maturity Date not addressed by the covenant thresholds set forth above, PFG will set thresholds substantially consistently with the Senior Lender. If at any time there is no Senior Lender or a senior lender other than Silicon Valley Bank, PFG shall set thresholds of like tenor based on Borrower’s Plan for periods for which covenant thresholds have not then been set.

Appears in 3 contracts

Samples: Loan and Security Agreement (Sonic Foundry Inc), Loan and Security Agreement (Sonic Foundry Inc), Loan and Security Agreement (Sonic Foundry Inc)

Future Periods. For periods prior to the Maturity Date not addressed by the covenant thresholds set forth above, PFG will set thresholds substantially consistently with the Senior Lender. If at any time there is no Senior Lender or a senior lender other than Silicon Valley Bank, PFG shall set thresholds of like tenor based on Borrower’s Plan for periods for which covenant thresholds have not then been set.

Appears in 1 contract

Samples: Loan and Security Agreement (Sonic Foundry Inc)