Document Requirements. (a) The obligation of Lender to advance funds at the Loan Closing Date hereof is subject to the condition precedent that, on or before the date of such advance, Lender shall have received the following in form and substance satisfactory to Lender: (i) One or more duly executed Debentures aggregating the Principal Amount of Loan funds then advanced, each in amounts as requested by Lender, which shall be styled "River Oaks Trust Company, FBO, Renaissance Capital Growth and Income Fund III, Inc.," and "Renaissance U.S. Growth and Income Trust, PLC.", and in the form of Exhibit 2.01(a)(1) with appropriate insertions of date, amount and conversion features. (ii) An agreement from Guarantor guaranteeing the Borrower's payment of all interest, principal and other ancillary costs of the entire debt. (iii) Stock pledge agreements from Borrower pledging as security, for all payments of interest, principal and other ancillary costs of the entire debt, all outstanding shares of each of the Borrower's wholly owned subsidiaries, including but not limited to, B&B Electromatic, Inc., ISSI Acquisition Corp. II dba Tri-Coastal Systems and Innovative Security Technologies, Inc., and further, all outstanding shares of Golsxxx Xxxpany, Inc., upon acquisition thereof from use of the loan proceeds. (iv) An agreement from the Borrower pledging as security, for all payments of interest, principal and other ancillary costs of the entire debt (a) all trademarks, copyrights and software technology relating to the Borrower's Intelli-site product, and (b) all machinery and equipment. (v) An opinion of legal counsel for Borrower dated as of the Loan Closing Date, satisfactory in form and substance to Lender, as to due execution by the Borrower of this Agreement, the Debenture and other Loan Documents and the legal enforceability thereof. (vi) A true and correct certificate signed by a duly authorized officer of the Borrower and dated as of the Loan Closing Date stating that, to the best knowledge and belief of such officer, after reasonable and due investigation and review of matters pertinent to the subject matter of such certificate: (A) all of the representations and warranties contained in Article IV hereof and the other Loan Documents are true and correct as of the Loan Closing Date and (B) no event has occurred and is continuing, or would result from the Loan, which constitutes a Default or an Event of Default. (vii) Copies of resolutions, as adopted by the Borrower's Board of Directors, approving the execution, delivery and performance of this Agreement, the Debentures, and the other Loan Documents, including the transactions contemplated herein and accompanied by a certificate of the Secretary or
Appears in 1 contract
Samples: Convertible Loan Agreement (Integrated Security Systems Inc)
Document Requirements. (a) The obligation of Lender to advance funds at the Loan Closing Date hereof is subject to the condition precedent that, on or before the date of such advance, Lender shall have received the following in form and substance satisfactory to Lender:
(i) One or more duly executed Debentures aggregating the Principal Amount of Loan funds then advanced, each in amounts as requested by Lender, which shall be styled "River Oaks Trust Company, FBO, Renaissance Capital Growth and Income Fund III, Inc.," and "Renaissance U.S. Growth and Income Trust, PLC.", and in the form of Exhibit 2.01(a)(1) with appropriate insertions of date, amount and conversion features.
(ii) An A stock pledge agreement from Guarantor guaranteeing the Borrower's payment of all interest, principal and other ancillary costs of the entire debt.
(iii) Stock pledge agreements from Borrower pledging as security, for all payments of interest, principal and other ancillary costs of the entire debt, all outstanding shares of each of the Borrower's wholly owned subsidiariesRoad Champs, including but not limited to, B&B Electromatic, Inc., ISSI Acquisition Corp. II dba Tri-Coastal Systems and Innovative Security Technologies, Inc., and further, all outstanding shares of Golsxxx Xxxpany, Inc., Inc. upon acquisition thereof from use of the loan proceeds.
(iviii) An agreement from the Borrower pledging as security, for all payments payment of interest, principal and other ancillary costs of the entire debt debt, (a) all trademarksmarketing and manufacturing licenses acquired or to be acquired , copyrights and software technology relating to the Borrower's Intelli-site product, extent assignable by Borrower and (b) all machinery and equipmentequipment to the extent of Borrower's interest therein and to the extent assignable by Borrower.
(viv) An opinion of legal counsel for Borrower dated as of the Loan Closing Date, satisfactory in form and substance to Lender, as to due execution by the Borrower of this the Agreement, the Debenture and other Loan Documents and the legal enforceability thereof.
(viv) A true and correct certificate signed by a duly authorized officer of the Borrower and dated as of the Loan Closing Date stating that, to the best knowledge and belief of such officer, after reasonable and due investigation and review of matters pertinent to the subject matter of such certificate: (A) all of the representations and warranties contained in Article IV hereof and the other Loan Documents are true and correct as of the Loan Closing Date and (B) no event has occurred and is continuing, or would result from the Loan, which constitutes a Default or an Event of Default.
(viivi) Copies of resolutions, as adopted by the Borrower's Board of DirectorsDirectors (the "Board"), approving the execution, delivery and performance of this Agreement, the Debentures, and the other Loan Documents, including the transactions contemplated herein and accompanied by a certificate of the Secretary oror Assistant Secretary of Borrower stating that such resolutions have been duly adopted, are true and correct, have not been altered or repealed and are in full force and effect.
(vii) A signed certificate of the Secretary or Assistant Secretary of the Borrower which shall certify the names of the officers of Borrower authorized to sign each of the Loan Documents to be executed by such officer, together with the true signatures of each of such officers. It is herewith stipulated and agreed that Lender may thereafter rely conclusively on the validity of this certificate as a representation of the officers of Borrower duly authorized to act with respect to the Loan Documents until such time as Lender shall receive a further certificate of the Secretary or Assistant Secretary of Borrower canceling or -------------------------------------------------------------------------------- 8 9 Agreement (continued) -------------------------------------------------------------------------------- amending the prior certificate and submitting the signatures of the officers thereupon authorized in such further certificate.
(viii) Certificates of good standing (or other similar instrument) for the Borrower issued by the Secretary of State of the state of incorporation of Borrower, and certificates of qualification and good standing for Borrower issued by the Secretary of State of each of the states wherein such Borrower has operating facilities of such nature so as to be required to be qualified to do business as a foreign corporation, dated within ten (10) days of Loan Closing.
(ix) A copy of the Articles of Incorporation of the Borrower and all amendments thereto, certified by the Secretary of State of the state of incorporation and dated within ten (10) days of the date of Loan Closing and a copy of the bylaws of Borrower and all amendments thereto, certified by the Secretary or Assistant Secretary of Borrower, as being true, correct and complete as of the date of such certification.
(x) Copies of the following financial statements for Borrower:
(A) An audited balance sheet and income statement for Borrower as of December 31, 1995 and (B) unaudited balance sheet and income statement for Borrower as of March 31, 1996, June 30, 1996 and September 30, 1996.
(xi) Borrower shall obtain key employee life insurance on Jack Xxxxxxxx xx the amount of six million dollars ($6,000,000). All proceeds from such policy shall be assigned to the Lender to be placed into escrow with a national bank designated by the Lender as collateral to secure the Loan.
(xii) Such other information and documents as may reasonably be required by Lender and Lender's counsel to substantiate Borrower's compliance with the requirements of this Agreement.
Appears in 1 contract
Document Requirements. (a) The obligation of Lender the Lenders to advance funds at the Loan Closing Date hereof is subject to the condition precedent that, on or before the date of such advance, Lender the Lenders shall have received the following in form and substance satisfactory to Lenderfollowing:
(i) One or more duly Duly executed Debentures aggregating from Borrower in the Principal Amount of Loan funds then advancedLoan, each in amounts as requested by Lenderthe Lenders, which shall be styled "River Oaks Trust CompanyCompass Bank, FBO, Renaissance Capital Growth and Income Fund III, Inc.," and "Compass Bank, FBO, Renaissance U.S. Growth and Income TrustTrust PLC," which shall be in form and substance acceptable to the Lenders and their counsel. Duly executed Pledge Agreement and Security Agreement from Borrower, PLC.", which shall be in form and in substance acceptable to the form of Exhibit 2.01(a)(1) with appropriate insertions of date, amount Lenders and conversion featurestheir counsel.
(ii) An agreement Duly executed Guaranties and Security Agreements from Guarantor guaranteeing the Borrower's payment of all interest, principal and other ancillary costs each of the entire debtSubsidiaries, which shall be in the form and substance acceptable to the Lenders and their counsel.
(iii) Stock pledge agreements from Borrower pledging as security, for all payments of interest, principal and other ancillary costs of the entire debt, all outstanding shares of each of the Borrower's wholly owned subsidiaries, including but not limited to, B&B Electromatic, Inc., ISSI Acquisition Corp. II dba Tri-Coastal Systems and Innovative Security Technologies, Inc., and further, all outstanding shares of Golsxxx Xxxpany, Inc., upon acquisition thereof from use of the loan proceeds.
(iv) An agreement from the Borrower pledging as security, for all payments of interest, principal and other ancillary costs of the entire debt (a) all trademarks, copyrights and software technology relating to the Borrower's Intelli-site product, and (b) all machinery and equipment.
(v) An opinion of legal counsel for Borrower dated as of the Loan Closing Date, satisfactory in form and substance to Lender, as to due execution by the Borrower of this Agreement, the Debenture and other Loan Documents and the legal enforceability thereof.
(vi) A true and correct certificate signed by a duly authorized officer of the Borrower and dated as of the Loan Closing Date stating that, to the best knowledge and belief of such officer, after reasonable and due investigation and review of matters pertinent to the subject matter of such certificate: (A) all of the representations and warranties contained in Article IV hereof and the other Loan Documents are true and correct in all material respects as of the Loan Closing Date and (B) no event has occurred and is continuing, or would result from the Loan, which constitutes constitutes, or with notice or lapse of time or both would constitute, a Default or an Event of Default.
(viiiv) Copies of resolutions, as adopted by the BorrowerBorrower and each Subsidiary's Board of Directors, approving the execution, delivery and performance performance, as applicable, of this Agreement, the Debentures, the -------------------------------------------------------------------------------- 12 17 Agreement (Continued) -------------------------------------------------------------------------------- Guaranties and the other Loan Documents, including the transactions contemplated herein and accompanied by a certificate of the Secretary oror Assistant Secretary of Borrower or the Subsidiary, stating that such resolutions have been duly adopted, are true and correct, have not been altered or repealed and are in full force and effect.
(v) A signed certificate of the Secretary or Assistant Secretary of Borrower and each Subsidiary which shall certify the names of the officers of Borrower and each Subsidiary authorized to sign the Loan Documents to be executed by such officer, together with the true signatures of each of such officers. It is herewith stipulated and agreed that the Lenders may thereafter rely conclusively on the validity of this certificate as a representation of the officers of Borrower and each Subsidiary duly authorized to act with respect to the Loan Documents until such time as the Lenders shall receive a further certificate of the Secretary or Assistant Secretary of Borrower and each Subsidiary canceling or amending the prior certificate and submitting the signatures of the officers thereupon authorized in such further certificate.
(vi) Certificates of good standing (or other similar instrument) for Borrower and each Subsidiary issued by the Secretary of State of the state of incorporation of Borrower and each Subsidiary, and certificates of qualification and good standing for Borrower and each Subsidiary issued by the Secretary of State of each of the states wherein such Borrower and each Subsidiary has operating facilities of such nature so as to be required to be qualified to do business as a foreign corporation, dated within ten (10) days prior to Loan Closing.
(vii) A copy of the Articles of Incorporation of Borrower and each Subsidiary and all amendments thereto, certified by the Secretary of State of the state of incorporation and dated within ten (10) days prior to Loan Closing and a copy of the bylaws of Borrower and each Subsidiary and all amendments thereto, certified by the Secretary or Assistant Secretary of Borrower and the Subsidiary, as being true, correct and complete as of the date of such certification.
(viii) Copies of all registration statements, reports and proxy statements filed with the SEC during or for the three fiscal years ended December 31, 1996 and the nine months ended September 30, 1997.
(ix) A legal opinion from counsel to Borrower, in form and substance satisfactory to the Lenders and their counsel.
(x) Lock-up" Agreements, in form and substance satisfactory to the Lenders and their counsel.
(xi) Such other information, documents and agreements as may reasonably be required by the Lenders and the Lenders' counsel to substantiate Borrower's compliance with the requirements of this Agreement and the Lenders' compliance with the 1940 Act. -------------------------------------------------------------------------------- 13 18 Agreement (Continued) --------------------------------------------------------------------------------
Appears in 1 contract
Document Requirements. (a) The obligation obligations of Lender to advance funds at the Loan Closing Date hereof is are subject to the condition precedent that, on or before the date of such advance, Lender shall have received the following in form and substance satisfactory to Lender:
(i) One or more duly executed Debentures with the insertions of date, amount and conversion features and aggregating the Principal Amount of Loan funds then advanced, one million five hundred thousand dollars ($1,500,000.00) each in amounts as requested by Lender, which shall be styled "River Oaks Trust Companyas follows: Sagemark Capital, FBO, Renaissance Capital Growth and Income Fund III, Inc.," and "Renaissance U.S. Growth and Income Trust, PLC.", and in the form of Exhibit 2.01(a)(1) with appropriate insertions of date, amount and conversion features.LP
(ii) An agreement from Guarantor guaranteeing One or more duly executed Warrant for the Borrower's payment purchase of all interest, principal and other ancillary costs 680,000 shares of the entire debtcommon stock.
(iii) Stock pledge agreements One or more duly executed Guaranty from Borrower pledging as security, for all payments of interest, principal and other ancillary costs of the entire debt, all outstanding shares of each of the Borrower's wholly owned subsidiaries, including but not limited to, B&B Electromatic, Inc., ISSI Acquisition Corp. II dba Tri-Coastal Systems and Innovative Security Technologies, Inc., and further, all outstanding shares of Golsxxx Xxxpany, Inc., upon acquisition thereof from use of the loan proceedsDonaxx Xxxxxxxxx.
(iv) An agreement from the Borrower pledging as security, for all payments of interest, principal and other ancillary costs of the entire debt (a) all trademarks, copyrights and software technology relating to the Borrower's Intelli-site product, and (b) all machinery and equipment.
(v) An opinion of legal counsel for Borrower dated as of the Loan Closing Date, satisfactory in form and substance to Lender, as to due execution by the Borrower of this Agreement, the Debenture and other Loan Documents and the legal enforceability thereof.
(vi) A true and correct certificate signed by a duly authorized officer of the Borrower and dated as of the Loan Closing Date stating that, to the best knowledge and belief of such officer, after reasonable and due investigation and review of matters pertinent to the subject matter of such certificate: (A) all of the representations and warranties contained in Article IV hereof and the other Loan Documents are true and correct as of the Loan Closing Date and (B) no event has occurred and is continuing, or would result from the Loan, which constitutes a Default or an Event of Default.
(vii) Copies of resolutions, as adopted by the Parent's and Borrower's Board of Directors, approving the execution, delivery and performance of this Agreement, the Debentures, and the other Loan Documents, including the transactions contemplated herein and accompanied by a certificate of the Secretary oror Assistant Secretary of Borrower and Parent stating that such resolutions have been duly adopted, are true and correct, have not been altered or repealed and are in full force and effect.
(v) A signed certificate of the Secretary or Assistant Secretary of the Borrower and Parent which shall certify the names of the officers of Borrower and Parent authorized to sign each of the Loan Documents to be executed by such officer, together with the true signatures of each of such officers. It is herewith stipulated and agreed that Lender may thereafter rely conclusively on the validity of this certificate as a representation of the officers of Borrower and Parent duly authorized to act with respect to the Loan Documents until such time as Lender shall receive a further certificate of the Secretary or Assistant Secretary of Borrower and Parent canceling or amending the prior certificate and submitting the signatures of the officers thereupon authorized in such further certificate.
(vi) Certificates of good standing (or other similar instrument) for the Borrower and Parent issued by the Secretary of State of the state of incorporation of Borrower, and certificates of qualification and good standing for Borrower and Parent issued by the Secretary of State of each of the states wherein the failure to be qualified to do business as a foreign corporation would have a Material Adverse Effect, dated within fifteen (15) days of Loan Closing.
(vii) Lender shall be furnished with, and shall have approved, such consents from Marine Bank and the financial institutions party to the Amended and Restated Credit Agreement dated as of February 15, 2000 (the "BANK CREDIT AGREEMENT"), among Parent and/or Borrower, various financial institutions, BankBoston, N.A., as Syndication Agent, and Bank of America, N.A., as Administrative Agent, as may be required for Parent and/or Borrower to enter into this Agreement.
Appears in 1 contract
Document Requirements. (a) The obligation obligations of Lender Lenders to advance funds at the Loan Closing Date hereof is are subject to the condition precedent that, on or before the date of such advance, Lender Lenders shall have received the following in form and substance satisfactory to Lender:Lenders: ------------------------------------------------------------------------------- 8 AGREEMENT (CONTINUED) -------------------------------------------------------------------------------
(i) One or more duly executed Debentures aggregating with the Principal Amount of Loan funds then advanced, each in amounts as requested by Lender, which shall be styled "River Oaks Trust Company, FBO, Renaissance Capital Growth and Income Fund III, Inc.," and "Renaissance U.S. Growth and Income Trust, PLC.", and in the form of Exhibit 2.01(a)(1) with appropriate insertions of date, amount and conversion featuresfeatures and aggregating five hundred thousand dollars ($500,000.00) each in amounts as requested by Lenders, which shall be styled as follows: Founders Equity Group, Inc. and Founders Mezzanine Investors III, LLC.
(ii) An agreement from Guarantor guaranteeing the Borrower's payment of all interest, principal and other ancillary costs of the entire debtOne or more duly executed security agreements.
(iii) Stock pledge agreements from Borrower pledging as security, for all payments of interest, principal and other ancillary costs of the entire debt, all outstanding shares of each of the Borrower's wholly owned subsidiaries, including but not limited to, B&B Electromatic, Inc., ISSI Acquisition Corp. II dba Tri-Coastal Systems and Innovative Security Technologies, Inc., and further, all outstanding shares of Golsxxx Xxxpany, Inc., upon acquisition thereof from use of the loan proceedsOne or more duly executed financing statements.
(iv) An agreement from the Borrower pledging as security, for all payments of interest, principal and other ancillary costs of the entire debt (a) all trademarks, copyrights and software technology relating to the Borrower's Intelli-site product, and (b) all machinery and equipment.
(v) An opinion of legal counsel for Borrower dated as of the Loan Closing Date, satisfactory in form and substance to Lender, as to due execution by the Borrower of this Agreement, the Debenture and other Loan Documents and the legal enforceability thereof.
(vi) A true and correct certificate signed by a duly authorized officer of the Borrower and dated as of the Loan Closing Date stating that, to the best knowledge and belief of such officer, after reasonable and due investigation and review of matters pertinent to the subject matter of such certificate: (A) all of the representations and warranties contained in Article IV hereof and the other Loan Documents are true and correct as of the Loan Closing Date and (B) no event has occurred and is continuing, or would result from the Loan, which constitutes a Default or an Event of Default.
(vii) Copies of resolutions, as adopted by the Borrower's Board of Directors, approving the execution, delivery and performance of this Agreement, the Debentures, and the other Loan Documents, including the transactions contemplated herein and accompanied by a certificate of the Secretary oror Assistant Secretary of Borrower stating that such resolutions have been duly adopted, are true and correct, have not been altered or repealed and are in full force and effect.
(v) A signed certificate of the Secretary or Assistant Secretary of the Borrower which shall certify the names of the officers of Borrower authorized to sign each of the Loan Documents to be executed by such officer, together with the true signatures of each of such officers. It is herewith stipulated and agreed that Lenders may thereafter rely conclusively on the validity of this certificate as a representation of the officers of Borrower duly authorized to act with respect to the Loan Documents until such time as Lenders shall receive a further certificate of the Secretary or Assistant Secretary of Borrower canceling or amending the prior certificate and submitting the signatures of the officers thereupon authorized in such further certificate.
(vi) Certificates of good standing (or other similar instrument) for the Borrower issued by the Secretary of State of the state of incorporation of Borrower, and certificates of qualification and good standing for Borrower issued by the Secretary of State of each of the states wherein the failure to be qualified to do business as a foreign corporation would have a Material Adverse Effect, dated within fifteen (15) days of Loan Closing, and
(vii) Such other information and documents as may reasonably be required by Lenders and Lenders' counsel to substantiate Borrower's compliance with the requirements of this Agreement.
Appears in 1 contract
Document Requirements. (a) The obligation of Lender the Lenders to advance funds at the Loan Closing Date hereof is subject to the condition precedent that, on or before the date of such advance, Lender the Lenders shall have received the following in form and substance satisfactory to Lenderfollowing:
(i) One or more duly Duly executed Debentures aggregating the Principal Amount of Loan funds then advanced, each in amounts as requested by Lenderthe Lenders, which shall be styled "River Oaks Trust Company, FBO, Renaissance Capital Growth and Income Fund III, Inc.," and "River Oaks Trust Company, FBO, Renaissance U.S. Growth and Income TrustTrust PLC," and "Banc One Capital Partners II, PLC.", and in the form of Exhibit 2.01(a)(1) with appropriate insertions of date, amount and conversion features.
(ii) An agreement from Guarantor guaranteeing the Borrower's payment of all interest, principal and other ancillary costs of the entire debt.
(iii) Stock pledge agreements from Borrower pledging as security, for all payments of interest, principal and other ancillary costs of the entire debt, all outstanding shares of each of the Borrower's wholly owned subsidiaries, including but not limited to, B&B Electromatic, Inc., ISSI Acquisition Corp. II dba Tri-Coastal Systems and Innovative Security Technologies, Inc., and further, all outstanding shares of Golsxxx Xxxpany, Inc., upon acquisition thereof from use of the loan proceeds.
(iv) An agreement from the Borrower pledging as security, for all payments of interest, principal and other ancillary costs of the entire debt (a) all trademarks, copyrights and software technology relating to the Borrower's Intelli-site product, and (b) all machinery and equipment.
(v) An opinion of legal counsel for Borrower dated as of the Loan Closing Date, satisfactory Ltd.," which shall be in form and substance acceptable to Lender, as to due execution by the Borrower of this Agreement, the Debenture Lenders and other Loan Documents and the legal enforceability thereof.its counsel. AGREEMENT (CONTINUED)
(viii) A true and correct certificate signed by a duly authorized officer of the Borrower and dated as of the Loan Closing Date stating that, to the best knowledge and belief of such officer, after reasonable and due investigation and review of matters pertinent to the subject matter of such certificate: (A) all of the representations and warranties contained in Article IV hereof and the other Loan Documents are true and correct in all material respects as of the Loan Closing Date and (B) no event has occurred and is continuing, or would result from the Loan, which constitutes a Default or an Event of Default.
(viiiii) Copies of resolutions, as adopted by the Borrower's Board of Directors, approving the execution, delivery and performance of this Agreement, the Debentures, and the other Loan Documents, including the transactions contemplated herein and accompanied by a certificate of the Secretary oror Assistant Secretary of Borrower stating that such resolutions have been duly adopted, are true and correct, have not been altered or repealed and are in full force and effect.
(iv) A signed certificate of the Secretary or Assistant Secretary of the Borrower which shall certify the names of the officers of Borrower authorized to sign each of the Loan Documents to be executed by such officer, together with the true signatures of each of such officers. It is herewith stipulated and agreed that the Lenders may thereafter rely conclusively on the validity of this certificate as a representation of the officers of Borrower duly authorized to act with respect to the Loan Documents until such time as the Lenders shall receive a further certificate of the Secretary or Assistant Secretary of Borrower canceling or amending the prior certificate and submitting the signatures of the officers thereupon authorized in such further certificate.
(v) Certificates of good standing (or other similar instrument) for the Borrower issued by the Secretary of State of the state of incorporation of Borrower, and certificates of qualification and good standing for Borrower issued by the Secretary of State of each of the states wherein such Borrower has operating facilities of such nature so as to be required to be qualified to do business as a foreign corporation, dated within ten (10) days prior to Loan Closing.
(vi) A copy of the Articles of Incorporation of the Borrower and all amendments thereto, certified by the Secretary of State of the state of incorporation and dated within ten (10) days prior to Loan Closing and a copy of the bylaws of Borrower and all amendments thereto, certified by the Secretary or Assistant Secretary of Borrower, as being true, correct and complete as of the date of such certification.
(vii) Copies of all registration statements, reports and proxy statements filed with the SEC during or for the three fiscal years ended July 31, 1996 and the nine months ended April 30, 1997.
(viii) A Standby Agreement executed by the Agent, Renaissance III, Renaissance PLC, BOCPII and Chase Manhattan Bank, as agent.
(ix) A legal opinion from counsel to Borrower, in form and substance satisfactory to the Lenders and their counsel.
(x) Lock-up Agreements executed by the principal shareholders and executive officers of Borrower, in form and substance satisfactory to the Lenders and their counsel. AGREEMENT (CONTINUED)
(xi) Voting Agreement executed by the principal shareholders and executive officers of Borrower, in form and substance satisfactory to the Lenders and their counsel.
(xii) Such other information, documents and agreements as may reasonably be required by the Lenders and the Lenders' counsel to substantiate Borrower's compliance with the requirements of this Agreement and the Lenders' compliance with the 1940 Act.
Appears in 1 contract
Samples: Convertible Loan Agreement (Play by Play Toys & Novelties Inc)
