Common use of Minimum Cash Balance Clause in Contracts

Minimum Cash Balance. To ensure that sufficient funds are available to pay Northern Tier’s obligations as they become due, the Finance Agent shall establish a minimum cash balance of funds equal to $150,000, and then maintain such balance throughout the term of this Funding Agreement (the “Minimum Cash Balance”).

Appears in 6 contracts

Sources: Funding Agreement, Northern Tier Transmission Group Funding Agreement, Funding Agreement