Minimum Working Capital. Borrower shall maintain a minimum working capital each Fiscal Quarter of not less than Five Million Dollars ($5,000,000), measured quarterly on the last day of each Fiscal Quarter. For purposes of this Section, working capital shall be defined as current assets minus current liabilities, in each case calculated on a consolidated basis for the Borrower and its Subsidiaries.
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Sources: Loan Agreement (Lifevantage Corp)
Minimum Working Capital. Borrower shall maintain a minimum working capital each Fiscal Quarter of not less than Five Six Million Dollars ($5,000,0006,000,000), measured quarterly on the last day of each Fiscal Quarter. For purposes of this Section, working capital shall be defined as current assets minus current liabilities, in each case calculated on a consolidated basis for the Borrower and its Subsidiaries.
1.5 Section 6.4 shall be deleted in its entirety and replaced with the following:
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Minimum Working Capital. Borrower shall maintain a minimum working capital each Fiscal Quarter of not less than Five Eight Million Dollars ($5,000,0008,000,000), measured quarterly on the last day of each Fiscal Quarter. For purposes of this Section, working capital shall be defined as current assets minus current liabilities, in each case calculated on a consolidated basis for the Borrower and its Subsidiaries.
1.6 Section 6.3(c) shall be deleted in its entirety and replaced with the following:
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