Common use of Minimum Liquidity Clause in Contracts

Minimum Liquidity. Borrower shall maintain at all times Liquidity in an amount which shall exceed the greater of (i) $2,000,000 and (ii) to the extent Borrower has incurred Permitted Priority Debt, the minimum cash balance, if any, required of Borrower by Borrower’s Permitted Priority Debt creditors.

Appears in 5 contracts

Samples: Agreement (Decipher Biosciences, Inc.), Agreement (Decipher Biosciences, Inc.), Agreement (Decipher Biosciences, Inc.)

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Minimum Liquidity. Borrower shall maintain at all times Liquidity in an amount which shall exceed the greater of (i) $2,000,000 and (ii) to the extent Borrower has incurred Permitted Priority Debt, the minimum cash balance, if any, balance required of Borrower by Borrower’s Permitted Priority Debt creditors.

Appears in 4 contracts

Samples: Loan Agreement (Exagen Diagnostics Inc), Loan Agreement (Exagen Diagnostics Inc), Term Loan Agreement (NanoString Technologies Inc)

Minimum Liquidity. Borrower shall maintain at all times Liquidity in an amount which shall exceed the greater of (i) $2,000,000 3,000,000 and (ii) to the extent Borrower has incurred Permitted Priority Debt, the minimum cash balance, if any, required of Borrower by Borrower’s Permitted Priority Debt creditorscreditors under the agreement governing such Permitted Priority Debt.

Appears in 3 contracts

Samples: Term Loan Agreement (Silk Road Medical Inc), Term Loan Agreement (Silk Road Medical Inc), Term Loan Agreement (Silk Road Medical Inc)

Minimum Liquidity. Borrower The Obligors shall maintain at all times Liquidity in an amount which shall exceed the greater of (i) $2,000,000 3,000,000 and (ii) to the extent Borrower has Borrowers have incurred Permitted Priority Debt, the minimum cash balance, if any, required of Borrower by Borrower’s Borrowers’ Permitted Priority Debt creditors.

Appears in 2 contracts

Samples: Term Loan Agreement (Strongbridge Biopharma PLC), Term Loan Agreement (Strongbridge Biopharma PLC)

Minimum Liquidity. Borrower shall maintain at all times Liquidity in an amount which shall exceed the greater of (i) $2,000,000 5,000,000 and (ii) to the extent Borrower has incurred Permitted Priority Debt, the minimum cash balance, if any, required of Borrower by Borrower’s Permitted Priority Debt creditors.

Appears in 2 contracts

Samples: Term Loan Agreement (TearLab Corp), Term Loan Agreement (TearLab Corp)

Minimum Liquidity. Borrower shall maintain at all times Liquidity in an amount which shall exceed the greater of (i) $2,000,000 [***] and (ii) to the extent Borrower has incurred Permitted Priority Debt, the minimum cash balance, if any, required of Borrower by Borrower’s Permitted Priority Debt creditors.

Appears in 2 contracts

Samples: Term Loan Agreement (T2 Biosystems, Inc.), Term Loan Agreement (T2 Biosystems, Inc.)

Minimum Liquidity. After the first Borrowing Date, Borrower shall maintain at all times Liquidity in an amount which shall exceed the greater of (i) $2,000,000 5,000,000 and (ii) to the extent Borrower has incurred Permitted Priority Debt, the minimum cash balance, if any, required of Borrower by Borrower’s Permitted Priority Debt creditors.

Appears in 2 contracts

Samples: Loan Agreement (Omeros Corp), Loan Agreement (Omeros Corp)

Minimum Liquidity. Borrower shall maintain at all times Liquidity in an amount which shall exceed the greater of (i) $2,000,000 and (ii) to the extent Borrower has incurred Permitted Priority Debt, the minimum cash balance, if any, required of Borrower by Borrower’s Permitted Priority Debt creditors***.

Appears in 1 contract

Samples: Term Loan Agreement (Biodelivery Sciences International Inc)

Minimum Liquidity. Borrower shall maintain at all times the end of each day Liquidity in an amount which shall exceed the greater of (i) $2,000,000 15,000,000 and (ii) to the extent Borrower has incurred Permitted Priority Debt, the minimum cash balance, if any, required of Borrower by Borrower’s Permitted Priority Debt creditors.

Appears in 1 contract

Samples: Loan Agreement (Dynavax Technologies Corp)

Minimum Liquidity. The Borrower shall will maintain at all times Liquidity equal to or greater than the Required Liquidity Amount; provided that at least $200,000,000 of such Liquidity must be in an amount which shall exceed the greater form of unrestricted and unencumbered (i) $2,000,000 and (ii) other than liens granted in favor of the Administrative Agent pursuant to the extent Loan Documents) cash and Permitted Investments maintained by the Borrower has incurred Permitted Priority Debt, and the minimum cash balance, if any, required of Borrower by Borrower’s Permitted Priority Debt creditorsGuarantors in the United States.

Appears in 1 contract

Samples: Credit Agreement (JDS Uniphase Corp /Ca/)

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Minimum Liquidity. Borrower Obligors (in the aggregate) shall maintain at all times Liquidity in an amount which shall exceed the greater of (ia) $2,000,000 3,000,000 and (iib) to the extent Borrower has incurred Permitted Priority Debt, the minimum cash balance, if any, required of Borrower and its Subsidiaries by Borrower’s Permitted Priority Debt creditors.

Appears in 1 contract

Samples: Loan Agreement (Treace Medical Concepts, Inc.)

Minimum Liquidity. Borrower shall maintain at all times Liquidity in an amount which shall exceed the greater of (i) $2,000,000 500,000 and (ii) to the extent Borrower has incurred Permitted Priority Debt, the minimum cash balance, if any, required of Borrower by Borrower’s Permitted Priority Debt creditors.

Appears in 1 contract

Samples: Term Loan Agreement (T2 Biosystems, Inc.)

Minimum Liquidity. Borrower shall maintain at all times Liquidity in an amount which shall exceed the greater of (i) $2,000,000 5,000,000 and (ii) to the extent Borrower has incurred Permitted Priority Debt, the minimum cash balance, if any, required of Borrower by Borrower’s Permitted Priority Debt creditorscreditors under the agreement governing such Permitted Priority Debt.

Appears in 1 contract

Samples: Loan Agreement (Avinger Inc)

Minimum Liquidity. Borrower The Obligors shall maintain at all times Liquidity in an amount which shall exceed the greater of (i) $2,000,000 5,000,000 and (ii) to the extent Borrower has incurred Permitted Priority Debt, the minimum cash balance, if any, required of Borrower by Borrower’s Permitted Priority Debt creditors.

Appears in 1 contract

Samples: Loan Agreement (EyePoint Pharmaceuticals, Inc.)

Minimum Liquidity. Borrower shall maintain at all times the end of each day Liquidity in an amount which shall exceed the greater of (i) $2,000,000 10,000,000 and (ii) to the extent Borrower has incurred Permitted Priority Debt, the minimum cash balance, if any, required of Borrower by Borrower’s Permitted Priority Debt creditors; provided that the amounts set forth in the foregoing clauses (i) and (ii) shall be increased by the aggregate principal amount of outstanding Convertible Notes.

Appears in 1 contract

Samples: Loan Agreement (Synergy Pharmaceuticals, Inc.)

Minimum Liquidity. Borrower shall maintain at all times maintain Liquidity in an amount which shall exceed (calculated on a consolidated basis) of not less than 4.0% multiplied by the greater of (i) $2,000,000 and (ii) to the extent Borrower has incurred Permitted Priority Debt, the minimum cash balance, if any, required of Borrower by Borrower’s Permitted Priority Debt creditorsMaximum Loan Amount.

Appears in 1 contract

Samples: Loan and Security Agreement (Harvest Capital Credit Corp)

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