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Private Placement Financial Covenants Reference Manual


Chapter 3: CURRENT ACCOUNTS

Covenant 3.01     Current Ratio
Covenant 3.02Minimum Working Capital

- Covenants -

Covenant
3.01
Current Ratio. The Company will not, at any time, permit the ratio of Consolidated Current Assets to Consolidated Current Liabilities to be less than [ ___ ] to 1.

Covenant
3.02
Minimum Working Capital. Consolidated Current Assets will, at all times, exceed Consolidated Current Liabilities by at least $[ ___ ].



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