CLI » Topics » (e) Reserved;

This excerpt taken from the CLI 8-K filed May 15, 2006.

(e)           Reserved;

(f)            the representations and warranties made in this Agreement and the other Loan Documents shall be true and correct in all material respects on and as of the date of such Release (and after giving effect to such Release);

(g)           Borrower shall have accompanied its notice to Lender under Section 15.01(b)(ii) with (i) a detailed calculation of evidence of satisfaction of the condition set forth in clause (d) above, such calculations being subject to Lender’s confirmation, which shall not be arbitrarily withheld (Lender hereby agreeing to notify Borrower promptly of its decision following its receipt of all items and information necessary for it to perform its review); and (ii) a copy of the applicable contract of sale (if any, and whether executed or not executed) and any related documents, and, not less than ten (10) days prior to closing of such sale, shall deliver to Lender drafts of any documents necessary to effectuate such Release (which shall be subject to Lender’s approval, which shall not be unreasonably withheld);

(h)           Borrower shall have paid to Lender all out-of-pocket costs and expenses (including reasonable attorneys’ fees and disbursements) reasonably incurred by Lender in connection with such Release; and

(i)            Borrower and Guarantor shall have executed and delivered such documents as Lender may reasonably request to confirm the continued validity of the Loan Documents and the liens thereof.

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki