Minimum Working Capital. Borrower shall maintain minimum “Working Capital” of at least $2,500,000.00. “Working Capital” is defined as total current assets less total current liabilities. This covenant shall be tested quarterly (as of March 31st, June 30th, September 30th, and December 31st) beginning September 30, 2019. 1st Amendment 3 ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Bank D. New Subsection D(15), entitled “Acquisitions,” is hereby added to the Agreement as follows:
Appears in 2 contracts
Sources: Commercial Business Loan Agreement (Viemed Healthcare, Inc.), Commercial Business Loan Agreement (Viemed Healthcare, Inc.)