Restructuring Plan. The Borrowers shall update and amend the Restructuring Plan including the detailed budgets contained therein, once every six months, provided that the content thereof shall be satisfactory to and approved and authorized by both the Board of Directors of the Company and the Lender (which shall not be unreasonably withheld). Upon such approval and authorization the Borrowers shall diligently implement the Restructuring Plan.
Appears in 3 contracts
Sources: Loan Agreement (Greystone Funding Corp), Loan Agreement (Schick Technologies Inc), Loan Agreement (Schick Technologies Inc)