Item 1.01. Entry into a Material Definitive Agreement.
On
Under the Restated Credit Agreement,
The Restated Credit Agreement contains customary representations and warranties
and customary affirmative and negative covenants applicable to the
The Restated Credit Agreement contains events of default that are customary for a facility of this nature, including (subject in certain cases to grace periods and thresholds) non-payment of principal, non-payment of interest, fees or other amounts, material inaccuracy of representations and warranties, violation of covenants, payment cross-default to other material indebtedness, bankruptcy or insolvency events, failure by the collateral documents to create a valid and perfected security interest in any material portion of the collateral purported to be covered thereby, material judgment defaults and change of control as specified in the Restated Credit Agreement. If an event of default occurs, the maturity of amounts owed may be accelerated.
The foregoing description of the Restated Credit Agreement is only a summary, does not purport to be complete and is qualified in its entirety by reference to the Restated Credit Agreement, a copy of which is attached as Exhibit 10.1 and is incorporated herein by reference.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 is incorporated by reference into this Item 2.03.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. Exhibit Number Description 10.1 Business Loan Agreement, by and betweenEast West Bank andFGI Industries, Inc. (f/k/aForemost Groups, Inc. ), datedOctober 31, 2022 but effectiveNovember 25, 2022 . 104 Cover Page Interactive Data File formatted in Inline XBRL.
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