Item 2.04 Triggering Events that Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.
On
Pursuant to the Notice of Default, Comerica notified the Company that the
Existing Defaults (as defined in the Notice of Default) permits Comerica to
exercise any of its rights and remedies under the Comerica Loan, including
without limitation, the right to enforce its security interest with respect to
the Company's assets. The Notice of Default also indicated Comerica will
concurrently exercise its rights with respect to the UBS AG standby letter of
credit (the "UBS Letter of Credit") for payment of the Obligations in the amount
of
A copy of the Notice of Default is attached as Exhibit 99.1 to the Current Report on Form 8-K and incorporated herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibit 99.1 Comerica Bank Notice of Default datedSeptember 22, 2022 . 2
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