Pre-IPO. In the event unrestricted cash falls below the greater of $3,000,000 or 6 month's cash needs (defined as the cash burn for the 3 months just completed, multiplied by a factor of 2.3).
Appears in 1 contract
Sources: Equipment Financing Agreement (Ista Pharmaceuticals Inc)
Pre-IPO. In the event unrestricted cash Unrestricted Cash falls below the greater of $3,000,000 6,000,000 or 6 month's months' cash needs (defined as the cash burn for the 3 months just completed, multiplied by a factor of 2.3).
Appears in 1 contract
Sources: Equipment Financing Agreement (Introbiotics Phamaceuticals Inc)