May 8, 2006Loan Agreement • May 15th, 2006 • Virbac Corp • Pharmaceutical preparations
It is evident that the requirement of Paragraph 8 of the Ninth Amendment to Credit Agreement dated as of March 24, 2006 made by and among Virbac Corporation and its Subsidiaries, as Borrowers, and First Bank (the “Ninth Amendment”) requiring Borrowers to execute a new amended and restated loan agreement and other documents with First Bank and JPMorgan Chase Bank, N.A. on or before May 12, 2006 to provide for a syndicated revolving credit facility to the Borrowers from First Bank and JPMorgan Chase Bank, N.A. will not be met. First Bank and JPMorgan Chase Bank, N.A. will agree to extend the May 12, 2006 deadline set forth in Paragraph 8 of the Ninth Amendment to June 15, 2006.
