Attached files
| file | filename |
|---|---|
| 10-K - Inotiv, Inc. | v171119_10k.htm |
| EX-32 - Inotiv, Inc. | v171119_ex32.htm |
| EX-3.2 - Inotiv, Inc. | v171119_ex3-2.htm |
| EX-23.1 - Inotiv, Inc. | v171119_ex23-1.htm |
| EX-31.1 - Inotiv, Inc. | v171119_ex31-1.htm |
| EX-31.2 - Inotiv, Inc. | v171119_ex31-2.htm |
| EX-21.1 - Inotiv, Inc. | v171119_ex21-1.htm |
| EX-10.34 - Inotiv, Inc. | v171119_ex10-34.htm |
| EX-10.35 - Inotiv, Inc. | v171119_ex10-35.htm |
January
7, 2010
Bioanalytical
Systems, Inc.
2710 Kent
Avenue
West
Lafayette, Indiana 47906
Attn:
Mike Cox, VP Finance and Administration
Dear Mr.
Cox:
Incidental
to that certain Loan Agreement entered into by and between Bioanalytical
Systems, Inc. (“Borrower”) and Regions Bank (“Bank”) dated December 18, 2007
(such Loan Agreement, as amended, hereinafter referred to collectively as the
“Loan Agreement”), and subject to further conditions set forth herein, Bank
hereby waives Borrower’s compliance with the Fixed Service Coverage Ratio
covenant as set forth in Section 8(b) of the Loan Agreement for the period
ending as of December 31, 2009.
The
waiver of Borrower’s compliance with the financial covenant as set forth above
constitutes a singular waiver and shall not be deemed to be or to imply Bank’s
waiver of Borrower’s strict compliance with the terms and provisions of the Loan
Agreement. The waiver contained herein is also subject to receipt by
Bank of such additional documentation as may be required by Bank to modify the
Loan Agreement and other related loan documents and to provide further security
for the loans from Bank to Borrower.
The
waiver granted herein shall not be deemed to create a course of conduct or
obligation upon Bank to waive Borrower’s future non-compliance with any of the
terms or provisions as set forth in the Loan Agreement. No delay or
omission of Bank to exercise any right or power under the Loan Agreement shall
impair such right or power or be construed as a waiver of any default or as an
acquiescence except as expressly set forth herein. All waivers of
Borrower’s noncompliance with the terms and provisions of the Loan Agreement
shall not be valid unless in writing and signed by Bank, and then only to the
extent specifically set forth in such writing.
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Sincerely,
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REGIONS
BANK
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By:
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Michael
F. Zingraf, Senior Vice
President
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