Minimum Cash. As determined on the first of every calendar month, the Company shall at all times keep on-hand unencumbered, unrestricted cash in an amount greater than or equal to $1,000,000.
Appears in 5 contracts
Sources: Note Agreement (Trio Petroleum Corp.), Note Agreement (Trio Petroleum Corp.), Note Agreement (Indonesia Energy Corp LTD)
Minimum Cash. As determined on the first of every calendar month, the Company shall at all times keep on-hand unencumbered, unrestricted cash in an amount greater than or equal to $1,000,000250,000.
Appears in 3 contracts
Sources: Note Agreement (Freight Technologies, Inc.), Note Agreement (Freight Technologies, Inc.), Note Agreement (Freight Technologies, Inc.)
Minimum Cash. As determined on the first of every calendar month, the Company shall at all times keep on-on hand unencumbered, unrestricted cash in an amount greater than or equal to $1,000,000200,000.
Appears in 2 contracts
Sources: Note Agreement (Phoenix Motor Inc.), Note Agreement (Phoenix Motor Inc.)
Minimum Cash. As determined on the first of every calendar month, the Company shall at all times keep on-hand unencumbered, unrestricted cash in an amount greater than or equal to $1,000,000300,000.
Appears in 1 contract