Business Transactions and Contracts

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Which of the following actions would NOT be considered an ordinary course of business for the Company?

Amending Material Contracts (correct)

Acquiring new assets

Selling assets

Operating the business to preserve goodwill

What is the threshold for individual commitments to borrow money that requires the Company's approval?

$500,000

$50,000

$100,000 (correct)

$1,000,000

Which of the following actions would NOT have a Material Adverse Effect on the Company?

Failure to keep available the services of personnel

Failure to operate the business in the ordinary course

Failure to amend Material Contracts (correct)

Failure to preserve the goodwill of customers

Which of the following actions would require the Company's approval?

Amending Material Contracts Signup and view all the answers

What is the aggregate threshold for commitments to borrow money that requires the Company's approval?

$500,000 Signup and view all the answers

Which party is required to provide reasonable access to its officers, employees, agents, properties, books, records, and contracts during normal business hours?

PFC Signup and view all the answers

Who is responsible for paying their respective costs incurred in connection with the preparation, negotiation, execution and delivery of the Agreement?

Both PFC and the Company Signup and view all the answers

Which party is required to furnish all financial, operating, and other data and information as reasonably requested by the other party?

PFC Signup and view all the answers

Will the investigation pursuant to Section 8.1(a) affect the representations or warranties of the Parties?

No Signup and view all the answers

Will the investigation pursuant to Section 8.1(a) affect the conditions to the obligations of the Parties?

No Signup and view all the answers

Which party is required to provide reasonable access to its officers, employees, agents, properties, books, records, and contracts during normal business hours?

PFC Signup and view all the answers

What type of data and information is PFC required to furnish to the Company?

Financial, operating, and other data and information Signup and view all the answers

Who is responsible for paying their respective costs incurred in connection with the preparation, negotiation, execution and delivery of the Agreement?

Both the Company and PFC Signup and view all the answers

Will the investigation pursuant to Section 8.1(a) affect the representations or warranties of the Parties?

No Signup and view all the answers

What expenses are each of the Parties required to pay?

Their own costs incurred in connection with the Agreement Signup and view all the answers

Business Transactions and Contracts

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Questions and Answers

Which of the following actions would NOT be considered an ordinary course of business for the Company?

What is the threshold for individual commitments to borrow money that requires the Company's approval?

Which of the following actions would NOT have a Material Adverse Effect on the Company?

Which of the following actions would require the Company's approval?

What is the aggregate threshold for commitments to borrow money that requires the Company's approval?

Which party is required to provide reasonable access to its officers, employees, agents, properties, books, records, and contracts during normal business hours?

Who is responsible for paying their respective costs incurred in connection with the preparation, negotiation, execution and delivery of the Agreement?

Which party is required to furnish all financial, operating, and other data and information as reasonably requested by the other party?

Will the investigation pursuant to Section 8.1(a) affect the representations or warranties of the Parties?

Will the investigation pursuant to Section 8.1(a) affect the conditions to the obligations of the Parties?

Which party is required to provide reasonable access to its officers, employees, agents, properties, books, records, and contracts during normal business hours?

What type of data and information is PFC required to furnish to the Company?

Who is responsible for paying their respective costs incurred in connection with the preparation, negotiation, execution and delivery of the Agreement?

Will the investigation pursuant to Section 8.1(a) affect the representations or warranties of the Parties?

What expenses are each of the Parties required to pay?

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