Published in Physician Law Weekly, February 8th, 2006
Such notice advised the company that an event of default exists as a result of the company's failure to furnish, by December 31, 2005, audited financial statements for the year ended December 31, 2004 and that amounts owing under the credit agreement would bear interest from January 1, 2006, payable on demand, at a per annum rate two% (2%) greater than the rate which would otherwise be applicable until such time as the event of default is waived or the requisite lenders decide (in...
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