Common use of Minimum Liquid Assets Clause in Contracts

Minimum Liquid Assets. Liquid Assets of Parent and its Subsidiaries on a consolidated basis shall be at least $4,500,000 at all times.

Appears in 1 contract

Sources: Promissory Note, Line Letter Agreement and Security Agreements (XCel Brands, Inc.)

Minimum Liquid Assets. Liquid Assets of Parent Borrower and its the Included Subsidiaries on a consolidated basis shall be at least $4,500,000 4,000,000 at all times.

Appears in 1 contract

Sources: Loan and Security Agreement (XCel Brands, Inc.)