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?

  • 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?

    <p>Amending Material Contracts</p> Signup and view all the answers

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

    <p>$500,000</p> 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?

    <p>PFC</p> 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?

    <p>Both PFC and the Company</p> 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?

    <p>PFC</p> Signup and view all the answers

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

    <p>No</p> Signup and view all the answers

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

    <p>No</p> 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?

    <p>PFC</p> Signup and view all the answers

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

    <p>Financial, operating, and other data and information</p> 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?

    <p>Both the Company and PFC</p> Signup and view all the answers

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

    <p>No</p> Signup and view all the answers

    What expenses are each of the Parties required to pay?

    <p>Their own costs incurred in connection with the Agreement</p> Signup and view all the answers

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