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TELESTA THERAPEUTICS INC T.TST

Healthcare Biotechnology
"Telesta Therapeutics Inc is a biopharmaceutical company. The Company is engaged in the research, development, manufacturing and commercialization of human health products and technologies."


TSX:TST - Post by User

TELESTA THERAPEUTICS INC > RCP loan doc.
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Comment by rhdmdon May 09, 2013 6:52pm
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Post# 21359638

RE: RCP loan doc.

RE: RCP loan doc.

Note:   Section 10:  In the event of Default:

"n) in the event of a change of control...

the

Lenders may, by notice to the Borrower, take either or both of the following actions, at the same
or different times: (i) terminate the Commitment, and thereupon the Commitment shall terminate
immediately, and (ii) declare the Loan then outstanding to be due and payable in whole."
 
Does that count if there is a change of BOD or CEO?
 

 

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