Item 1.01 Entry into a Material Definitive Agreement.
As previously reported, the Company is party to a Loan and Security Agreement
with
Effective
- The prepayment penalty, which was previously (i) the minimum monthly payment
multiplied by (ii) the number of months remaining between
the date of such prepayment or termination, has been amended to (i) the minimum
monthly payment multiplied by (ii) the number of months remaining between
The Company paid a modification few of
The foregoing summary of the Credit Agreement is qualified in its entirety by reference to the Fifth Amendment to Loan and Security Agreement, a copy of which is filed herewith as Exhibit 99.1, and incorporated by reference herein.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information related to the Credit Agreement discussed under Item 1.01 set forth above is hereby incorporated by reference under this Item 2.03.
Item 9.01 Financial Statements and Exhibits.
(a) Not applicable. (b) Not applicable. (c) Not applicable. (d) Exhibits. Exhibit Number Description 99.1 Fifth Amendment to Loan and Security Agreement, datedJune 13, 2022 , by and between theAllied Healthcare Products, Inc. andNorth Mill Capital, LLC . 104 Cover Page Interactive Data File (Embedded within the Inline XBRL document and included in Exhibit)
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