EX-10.1
from 8-K
5 pages
I) During the Period Beginning on the Sixth Amendment Effective Date Until November 30, 2023 (The “Bulge Phase 1 Period”), an Amount Equal to Usd$24,500,000 (Or Its Cad$ Equivalent), During the Period Beginning on December 1, 2023 Until December 31, 2023 (The “Bulge Phase 2 Period”), an Amount Equal to Usd $22,000,000 (Or Its Cad$ Equivalent), and at All Other Times From January 1st, 2024 Until the Maturity Date, an Amount Equal to Usd$20,000,000 (Or Its Cad$ Equivalent). in This Agreement, the “Sixth Amendment Effective Date” Means the Date on Which the Sixth Amendment Becomes Effective in Accordance With Its Terms, and “Bulge Period” Means the Aggregate Period of Time Resulting From the Bulge Phase 1 Period Plus the Bulge Phase 2 Period
12/34/56
EX-10.1
from 8-K
5 pages
I) During the Period Beginning on the Fifth Amendment Effective Date Until December 31, 2023 (The “Bulge Period”), an Amount Equal to Usd$22,000,000 (Or Its Cad$ Equivalent), and at All Other Times From January 1st, 2024 Until the Maturity Date, an Amount Equal to Usd$20,000,000 (Or Its Cad$ Equivalent). in This Agreement, the “Fifth Amendment Effective Date” Means the Date on Which the Fifth Amendment Becomes Effective in Accordance With Its Terms
12/34/56
EX-10.1
from 8-K
8 pages
I) During the Period Beginning on the Effective Date (As Later Defined) of This Amending Agreement Until December 31, 2021 (The “Bulge Period”), an Amount Equal to Usd$24,000,000 (Or Its Cad$ Equivalent), and at All Other Times From January 1st, 2022 Until the Maturity Date, an Amount Equal to Usd$20,000,000 (Or Its Cad$ Equivalent), and II) the Total Of
12/34/56
EX-10.1
from 8-K
32 pages
C) 60% of the Inventory Value Except That the Amount Calculated Under (C) Will Not Exceed Usd$10,000,000. Inventory Value to Include Raw Materials and Finished Goods and Goods in Transit (Git)* (To a Maximum of Usd$5,000,000), and to Be Net of Returned Inventory, Defective Inventory, Damaged Goods, Inventory Held Outside Canada & USA, Obsolete Inventory, Unsaleable Inventory, Git in Excess of the Above Maximum Limit and Slow-Moving Inventory**. for Clarity, Inventory Value to Be Held in a Warehouse Where the Bank Holds a Landlord Waiver, Otherwise a Deduction of Three (3) Months Rent Will Be Taken
12/34/56