Common use of Maintain Clause in Contracts

Maintain. (a) A ratio of cash collateral (held in Highmark Account #2005▇▇▇▇-▇▇ at UBOC TIG Dept) to outstanding loan coverage of not less than 1.20 to 1.00. All accounting terms used in this Agreement shall have the definitions given them by generally accounting principles, unless otherwise defined herein.

Appears in 1 contract

Sources: Trade Credit Agreement (Genetronics Biomedical LTD)

Maintain. (a) A ratio of cash collateral (held in Highmark Account #2005▇▇▇▇# 200051960-▇▇ 01 at UBOC TIG Dept) to outstanding loan coverage of not less than 1.20 to 1.00at least 1.20:1.00. All accounting terms used in this Agreement shall have the definitions given them by generally accepted accounting principles, unless otherwise defined herein.

Appears in 1 contract

Sources: Trade Credit Agreement (Genetronics Biomedical LTD)