Bridge Loan. Upon the earlier of Acorn's achievement of ----------- Sustained Profitability or November 30, 1999, Intek will (a) release the Key Shareholders from their obligations under their personal guaranties of the Bridge Loan and (b) reduce the interest rate on the Bridge Loan to six percent (6%) per annum effective as of the month following achievement of Sustained Profitability or November 30, 1999 (whichever is earlier) and until the Bridge Loan is paid in full.
Appears in 3 contracts
Samples: Share Purchase Agreement (Intek Information Inc), Share Purchase Agreement (Etinuum Inc), Share Purchase Agreement (Etinuum Inc)
