Podcast
Questions and Answers
Which of the following actions would NOT be considered an ordinary course of business for the Company?
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?
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?
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?
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?
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?
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?
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?
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 representations or warranties of the Parties?
Will the investigation pursuant to Section 8.1(a) affect the conditions to the obligations 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?
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?
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?
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?
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?
What expenses are each of the Parties required to pay?
