Streamline Period Definition. A “Streamline Period” is any period during which: (A) Borrower’s cash minus Obligations equals or exceeds $5,000,000 (the “Minimum Cash Requirement”) and (B) no Default or Event of Default has occurred and is continuing.
Appears in 2 contracts
Sources: Loan and Security Agreement (Energy & Power Solutions, Inc.), Loan and Security Agreement (Energy & Power Solutions, Inc.)
Streamline Period Definition. A “Streamline Period” is any the period during which: (A) Borrower’s cash minus the principal amount of all outstanding Obligations equals or exceeds is less than $5,000,000 2,000,000 (the “Minimum Cash Maximum Outstandings Requirement”) and (B) no Default or Event of Default has occurred and is continuingcontinuing (clauses (A) and (B) above are, collectively, referred to herein as the “Streamline Requirements”).
Appears in 1 contract