ENP Newswire -
Release date- 08082014 - Following Sections
1. Regarding Qoros' financing agreement dated
The 2014 Guarantee, is up to a total of
It shall be clarified that the said 2014 Guarantee is in addition to the guarantee provided by the Company in connection with the aforementioned financing agreement dated
2. Moreover, in order to secure additional funding that Qoros took totaling approx.
This financing agreement of Qoros includes, inter alia, liabilities, provisions regarding covenants, events of immediate payment and/or early payment for violations and/or events specified in the agreement.
The lien agreement includes, inter alia, provisions concerning the ratio of securities and the addition of securities in certain circumstances including the addition of shares up to pledging all of Quantum's shares in Qoros or cash, provisions regarding events that, if occurring, entitle the Chinese bank to exercise the lien, certain representations and covenants, and provisions regarding the registration and approval of the lien.
Most Popular Stories
- Rackspace Ends Talks About Possible Acquisition
- Mercedes Rolls Out S550 Plug-in Hybrid
- Missouri GM Plant Adding 750 jobs
- Poverty Rate Drops for First Time Since 2006
- Aaron Hernandez: I Felt Helpless to Refuse Police
- Parameters Being Drawn for IS Action
- Cedeno Named USHCC Businessman of the Year
- Anheuser-Busch, Visa Voice NFL Disapproval
- Can Kobach Keep Taylor's Name on Ballot?
- Two-thirds of Hispanics Doubt Media Accuracy