Common use of Net Collections Clause in Contracts

Net Collections. The Credit Parties shall not allow aggregate net cash collections of the Credit Parties in any calendar month to be less than thirty five percent (35%) of the daily average aggregate outstanding balance of the Notes during such calendar month.

Appears in 1 contract

Sources: Financing Agreement (Wave2Wave Communications, Inc.)

Net Collections. The Credit Parties shall not allow aggregate net cash collections of the Credit Parties in any calendar month to be less than thirty forty five percent (3545%) of the daily average aggregate outstanding balance of the Notes during such calendar month.

Appears in 1 contract

Sources: Forbearance Agreement (Wave2Wave Communications, Inc.)