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Contract analysis / email-coordination-with-alderton-paige.eml
email-coordination-with-alderton-paige.eml
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Standard · 1
1. Make management available for lender meetings, presentations, and due diligence session
1. Make management available for lender meetings, presentations, and due diligence sessions;
2. Provide customary financial information, including audited financial statements for FY
2. Provide customary financial information, including audited financial statements for FY 2025 and FY 2024 (from Whitfield & Sable LLP) as well as interim quarterly and monthly unaudited financials;
3. Provide the lender and its advisors with reasonable access to Meridian's properties, bo
3. Provide the lender and its advisors with reasonable access to Meridian's properties, books, and records for due diligence purposes;
4. Assist with collateral-related deliverables, including existing lien payoff letters and
4. Assist with collateral-related deliverables, including existing lien payoff letters and UCC termination statements for existing filings;
5. Execute and deliver ancillary documents reasonably required in connection with the fina
5. Execute and deliver ancillary documents reasonably required in connection with the financing at or prior to closing (e.g., pledge agreements, IP security agreements, officer's certificates); and
6. Provide customary authorization letters for the lender group.
Standard
⚑ Commercial term
6. Provide customary authorization letters for the lender group. Please confirm that the current draft purchase agreement includes a financing cooperation covenant covering these items, and if not, I'd recommend proposing one for inclusion in your next markup to Kerrigan Ross. The due diligence period under the financing is expected to run from approximately April 21 through May 30, so seller cooperation will be need