TSXV:TVC.H - Post by User
Post by
Goldy63on Apr 01, 2022 12:59pm
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Post# 34567763
Humm. Lots Of Time To Turn This Around ?
Humm. Lots Of Time To Turn This Around ?As per the terms of the Undertaking, the Lenders have agreed not to accelerate or enforce their rights or remedies under the Facility Agreement should MTV fail to (i) make scheduled loan repayments on March 31, 2022, June 30, 2022 and September 30, 2022 and/or (ii) replenish the operating reserve account to reestablish the Minimum Reserve as required under the Facility Agreement (each, a Specified Event of Default). As per the terms of the Undertaking, the forbearance period is from November 22, 2021, to October 1, 2022 (the Forbearance Period).