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Case 1:20-bk-12043 Doc 3 Filed 07/22/20 Entered 07/22/20 17:38:25 Desc Main <br /> Document Page 11 of 42 <br /> 18. On July 27, 2018, the Borrowers entered into a consent with its Lenders related to <br /> the Financing Agreement. The consent included the Lenders' agreement to make a $5.0 million <br /> loan from the Delayed Draw Term Loan Commitment, which was repaid in full on October 26, <br /> 2018 pursuant to the terms of the consent. The consent also included a waiver of the <br /> requirements relating to the use of proceeds of any sale of the shares of Mammoth Inc. set forth <br /> in the consent to the Financing Agreement, dated as of April 17, 2018 and also waived any Event <br /> of Default that arose or would otherwise arise under the Financing Agreement for failing to <br /> comply with the Fixed Charge Coverage Ratio for the six months ended June 30, 2018. <br /> 19. On November 8, 2018, the Borrowers entered into a consent with its Lenders <br /> related to the Financing Agreement. The consent includes the Lender's agreement to waive any <br /> Event of Default that arose or would otherwise arise under the Financing Agreement for failing <br /> to comply with the Fixed Charge Coverage Ratio for the six months ended September 30, 2018. <br /> 20. On December 20, 2018, the Borrowers entered into a limited waiver and consent <br /> (the "Waiver") to the Financing Agreement. The Waiver related to the sales by the Borrowers <br /> of certain real property in Western Colorado, the net proceeds of which are required to be used to <br /> reduce the Partnership's debt under the Financing Agreement. As of the date of the Waiver, the <br /> Borrowers had sold 9 individual lots in smaller transactions. On December 31, 2018, the <br /> Borrowers used the sale proceeds of approximately $379,000 to reduce the debt. Rather than <br /> transmitting net proceeds with respect to each individual transaction, the Borrowers and Lenders <br /> agreed in principle to delay repayment until an aggregate payment could be made at the end of <br /> 2018. The Waiver (i) contains a ratification by the Lenders of the sale of the individual lots to <br /> date and waives the associated technical defaults under the Financing Agreement for not making <br /> immediate payments of net proceeds therefrom, (ii) permits the sale of certain specified <br /> 11 <br />