Turnaround Consultant/Investment Banker Sample Clauses

Turnaround Consultant/Investment Banker. Borrowers and Corporate Guarantors (collectively, “Loan Parties”) have retained Cxxxxx XxxXxxxxx & Dxxxxxxx (“CMD”) to, among other things, (i) assist Loan Parties in their financial and other reporting obligations under the Loan Documents, including, but not limited to, the preparation and maintenance of the Cash Flow Budget (as defined below) and (ii) assist Loan Parties in effectuating any acceptable plan for repaying the Obligations. Bank shall have the right to contact CMD or such other consultant retained by Loan Parties and acceptable to Bank (each, a “Consultant”) directly without any Debtor’s participation in such discussions. The fee for Consultant shall be the sole responsibility of Loan Parties. Loan Parties’ retention of Consultant will continue through the Forbearance Period. The identity of Consultant will at all times remain acceptable to Bank. Without limiting any other rights or remedies of Bank, Bank reserves the right to retain one or more professionals of its own choosing, the fees, costs and expenses of which will be the sole responsibility of Loan Parties.
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Related to Turnaround Consultant/Investment Banker

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