TELESTA THERAPEUTICS INC T.TST

RCP loan doc.

[rhdmd]

Both the Term Loan Agreement and Revenue Interest Agreement with Capital Royalty were filed on SEDAR. Here are the links to the two documents.

 

https://www.sedar.com/GetFile.do?lang=EN&docClass=14&issuerNo=00013159&fileName=/csfsprod/data127/filings/01874532/00000001/s%3A%5CFILINGS%5CBioniche%5C2012-CD%5CRed-Cap-Royalty-Term-Loan-Agt.pdf

 

https://www.sedar.com/GetFile.do?lang=EN&docClass=14&issuerNo=00013159&fileName=/csfsprod/data127/filings/01874532/00000001/s%3A%5CFILINGS%5CBioniche%5C2012-CD%5CRed-Rev-Interest-Agt.pdf

[rhdmd]

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."  

[terr2]

Man they saw this scenario coming. Dumb and Dumber all in  one package.