Recent Developments. As of the Effective Date, (i) all actions by each Company Entity necessary to authorize the execution, delivery and performance of the Transaction Documents have been taken (including the adoption of appropriate resolutions of the Governing Body), (ii) no Event of Default has occurred, and (iii) no Company Entity has incurred any additional Indebtedness since the Term Sheet Date.
Appears in 2 contracts
Samples: Revenue Loan and Security Agreement (Sidus Space Inc.), Revenue Loan and Security Agreement (Splash Beverage Group, Inc.)
Recent Developments. As of the Effective Date, (ia) all actions by each Company Entity necessary to authorize the execution, delivery and performance of the Transaction Documents have been taken (including the adoption of appropriate resolutions of the Governing Body), (iib) no Event of Default has occurred, and (iiic) no Company Entity has incurred any additional Indebtedness since the Term Sheet Date.
Appears in 2 contracts
Samples: Revenue Loan and Security Agreement (Isun, Inc.), Revenue Loan and Security Agreement (Pineapple Energy Inc.)
Recent Developments. As of the Effective Date, (i) all actions by each Company Entity necessary to authorize the execution, delivery and performance of the Transaction Documents have been taken (including the adoption of appropriate resolutions of the Governing Body), (ii) no Event of Default has occurred, and (iii) no Company Entity has not incurred any additional Indebtedness since the Term Sheet DateDate other than the PPP Indebtedness.
Appears in 1 contract
Recent Developments. As of the Effective Date, (i) all actions by each Company Entity necessary to authorize the execution, delivery and performance of the Transaction Documents have been taken (including the adoption of appropriate resolutions of the Governing Body), (ii) no Event of Default has occurred, and (iii) no Company Entity has incurred any additional Indebtedness since the Term Sheet Date, other than as disclosed to Lender.
Appears in 1 contract
Samples: Revenue Loan and Security Agreement (INVO Bioscience, Inc.)
