Working Capital Funding. Merchant shall not enter into any arrangement, agreement or commitment that relates to or involves the Receipts, whether in the form of a purchase of, a loan against, collateral against or the sale or purchase of credits against, Receipts or future check sales with any party other than GCF.
Working Capital Funding. Merchant shall not further encumber the Future Receipts, without first obtaining written consent of Purchaser.
Working Capital Funding. Merchant shall not further encumber the Future Receipts, without first obtaining written consent of Purchaser. Page: 8 Deal Application ID : 120949
Working Capital Funding. (a) Not later than November 30, 2010, Borrower shall provide evidence satisfactory to Agent that it has received funding during the month of November 2010 from Whitecap Advisors, LLC or its Affiliates in an amount not less than $175,000 in the aggregate (the “November Working Capital Payment”), and Borrower shall use such funds for current working capital, including addressing trade payable issues. In the event that the November Working Capital Payment is not made in full, and Agent provided with evidence thereof, by November 30, 2010, Agent may direct the Escrow Agent to disburse an amount equal to the deficiency, up to $175,000, in accordance with Section 4.1(a) of the Escrow Agreement (the “November Deficiency Amount”). Borrower shall cause Whitecap Advisors, LLC or its Affiliates to replenish the Escrow Amount by depositing an amount equal to the November Deficiency Amount into the Escrow Account within ten (10) days of the disbursement of the November Deficiency Amount, and failure to replenish the November Deficiency Amount in full within such time period shall constitute an Event of Default.
Working Capital Funding. You shall not enter into any arrangement, agreement, or commitment that relates to or involves Splitit Receivables, whether in the form of a purchase of, a loan against, or the sale or purchase of credits against, Splitit Receivables or future Splitit Payment sales with any party other than Splitit until the Purchased Amount Balance has been reduced to zero.
Working Capital Funding. At any time either contemporaneous with or after the execution of this Agreement, SELLER shall not, unless permitted in writing by BUYER, enter into any arrangement, agreement, or a loan that relates to or encumbers Seller's Receipts or future revenue with any party other than BUYER.
Working Capital Funding. Merchant shall not further encumber the Future Receipts with a funder that provides a term of less than 12 months (unless such funding represents a revolving credit line), without first obtaining written consent of Purchaser.
Working Capital Funding. Following the Closing, subject to customary conditions and non- breach of any terms of this Agreement or any other agreement between Parent and Company or Surviving Corporation (“Related Agreements”), Parent will make available to the Surviving Corporation, up to a maximum of $2,500,000, in the form of a line of credit, or a contribution of debt, equity or a combination thereof, to be used as general working capital with monthly draws (“Working Capital Funding”) by Surviving Corporation, which shall not exceed operational expenses. The total amount available for draw under the Working Capital Funding will be reduced by all amounts drawn by the Company and/or Surviving Corporation under that certain secured bridge line of credit in the amount of up to $499,880. .
Working Capital Funding. At and after Closing, ALZM shall provide working capital to HWS in such amounts and in such installments as ALZM and HWS shall agree, on the following basis:
Working Capital Funding. Following the Closing, subject to non-breach by the Company of any terms of this Agreement or any other agreement between Parent and Company or Surviving Corporation (“Related Agreements”), Parent agrees to fund the Surviving Corporation in an amount and at intervals as set forth in Company’s business objectives contained in its “Business Plan” and delivered in connection with the Letter of Intent dated June 8, 2021 (“Business Objectives”) of $500,000 in the aggregate in order for the Company to achieve its Business Objectives, in the form of a line of credit, or a contribution of debt, equity or a combination thereof, to be used as general working capital (“Working Capital Funding”) by Surviving Corporation, which shall not exceed operational expenses. The total amount available for draw under the Working Capital Funding will be reduced by all amounts drawn by the Company and/or Surviving Corporation under that certain secured bridge line of credit in the aggregate amount of up to $100,000.
