Meeting with Management. The Borrower and the Borrower Affiliates agree to cause their respective management and boards of directors to, upon Lender’s request, attend informational meetings with the Lender to discuss and review the Borrower’s and the Borrower Affiliates’ business affairs and plans. In the event that Lender has questions or concerns regarding the status of the Borrower or any of the Borrower Affiliates, in addition to the meetings described above, the Lender may request a telephonic meeting with such management or boards of directors, or other representatives of the Borrower or any of the Borrower Affiliates, which meeting shall occur within 48 hours of such request.
Appears in 5 contracts
Samples: Construction Loan Agreement (Sammons Enterprises, Inc.), Construction Loan Agreement (Sammons Enterprises, Inc.), Construction Loan Agreement (Sammons Enterprises, Inc.)
Meeting with Management. The Borrower and the Borrower Affiliates agree to cause their respective management and boards of directors to, upon Lender’s request, attend informational meetings with the Lender to discuss and review the Borrower’s and the Borrower Affiliates’ business affairs and plans. In , provided, however, that absent an Event of Default, such meetings shall be limited to once per calendar month, provided, further, that in the event that Lender has questions or concerns regarding the status of the Borrower or any of the Borrower Affiliates, in addition to the meetings described above, the Lender may request a telephonic meeting with such management or boards of directors, or other representatives of the Borrower or any of the Borrower Affiliates, which meeting shall occur within 48 hours of such request.
Appears in 1 contract
Samples: Construction Loan Agreement (North American Technologies Group Inc /Mi/)