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Yes, it may still be a while longer

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CrazyC   Thursday, 12/26/19 01:59:02 PM
Re: g0nz0 post# 36663
Post # of 37358 
Yes, it may still be a while longer but keep in mind that this is a "post closing" amendment in which LAHO has 120 days to make a decision from December 23rd. The closing or execution of the definitive agreement was stated in Annex B as follows:

Quote:
ANNEX B
BINDING LETTER OF INTENT

6. The Parties agree that this Binding LOI is being entered into pursuant to an Assignment and Assumption Agreement entered into by and between the Parties on November 27, 2019 (“Assignment”).

7. The Parties agree and undertake to enter into mutually agreeable definitive agreements (“Definitive Agreement”) and any other documents necessary for the closing of the Transaction (“Closing”), within 150 days of the execution of this Binding LOI. Such Closing shall occur at the time of the Execution of the Definitive Agreement or at such other date as is practicable following the execution of the Definitive Agreement.



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