Replacement Financing. The Company shall take commercially reasonable efforts to obtain financing sufficient to repay the Indebtedness in full upon the expiration of the Forbearance Period. On or before the 30th day of each month, the Company shall provide or cause to be provided to the Bank a report on its efforts and progress in obtaining such replacement financing. The Company shall provide or cause to be provided to the Bank copies of all loan proposals, term sheets or offers within five days of the receipt by the Company or its investment bank.
Appears in 3 contracts
Samples: Forbearance Agreement and Second Amendment to Credit Agreement (Bioanalytical Systems Inc), Third Forbearance Agreement and Fourth Amendment to Credit Agreement (Bioanalytical Systems Inc), Forbearance Agreement and Amendment to Credit Agreement (Bioanalytical Systems Inc)
Replacement Financing. The Company shall take commercially reasonable efforts to obtain financing funds sufficient to repay the Indebtedness in full upon the expiration of the Forbearance Period. On or before the 30th day of each month, the Company shall provide or cause to be provided to the Bank a report on its efforts and progress in obtaining such replacement financingfunds, which report must be in form an substance satisfactory to the Bank in is sole discretion. The Company shall provide or cause to be provided to the Bank copies of all loan proposals, term sheets or offers within five days of the receipt by the Company or its investment bank.
Appears in 1 contract
Samples: Fifth Forbearance Agreement and Sixth Amendment to Credit Agreement (Bioanalytical Systems Inc)
