PCS. (a) No Credit Party shall permit the total amount of cash and Cash Equivalents held by PCs to exceed One Million Five Hundred Thousand Dollars ($1,500,000) (or the equivalent thereof in any foreign currency), in the aggregate, at any time. (b) No Credit Party shall make any Asset Disposition to or Investment in any PC other than Investments of cash and Cash Equivalents permitted to be made pursuant to clause (j) of the definition of “Permitted Investment”. (c) No Credit Party will, or will permit any Subsidiary to, commingle any of its assets (including any bank accounts, cash or Cash Equivalents) with the assets of any Person other than a Credit Party and (ii) no Credit Party will permit any PC to commingle any of its assets (including any bank accounts, cash or Cash Equivalents) with the assets of a Credit Party. (d) No Credit Party shall permit any PC to own, or have an exclusive license in respect of, any Material Intangible Assets.
Appears in 2 contracts
Sources: Credit, Security and Guaranty Agreement (Omada Health, Inc.), Credit, Security and Guaranty Agreement (Omada Health, Inc.)