Software Development Costs. Borrower shall not, and shall not permit any of its Subsidiaries to, pay costs or make expenditures in respect of software development in excess of $250,000 for Borrower and its Subsidiaries in an individual fiscal year of Borrower, or $500,000 in the aggregate for Borrower and its Subsidiaries during the term of the Credit Facilities.
Appears in 2 contracts
Sources: Loan and Security Agreement (Widepoint Corp), Loan and Security Agreement (Widepoint Corp)