Company: HROW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000925
Chunk: 82

Company: HARROW, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1
Chunk 82
---
 at all, which
could result in a default on our debt obligations. Additionally, our debt instruments contain, or from time to time may contain,
various restrictive covenants, including, among others, our obligation to deliver certain financial and other information, our
obligation to comply with certain notice and insurance requirements, and our inability, without prior consent, to dispose of certain
of our assets, incur certain additional indebtedness, enter into certain merger, acquisition or change of control transactions, pay
certain dividends or distributions on or repurchase any of our capital stock or incur any lien or other encumbrance on our assets,
subject to certain permitted exceptions. Any failure by us to comply with any of these covenants, subject to certain cure periods,
or to make all payments under the debt instruments when due, would cause us to be in default under the applicable debt instrument.
In the event of any such default, lenders may be able to foreclose on our assets that secure the debt or declare all borrowed funds,
together with accrued and unpaid interest, immediately due and payable, thereby potentially causing all of our available cash to be
used to pay our indebtedness or forcing us into bankruptcy or liquidation if we do not then have sufficient cash available. Any such
event or occurrence could severely and negatively impact our operations and prospects.

 48 

The indenture under
which the Notes were issued contains limited protection for holders of the Notes.

The
indenture under which the Notes were issued offers limited protection to holders of the Notes. The terms of the indenture and the Notes
do not restrict our or any of our subsidiaries’ ability to engage in, or otherwise be a party to, a variety of corporate transactions,
circumstances or events that could have an adverse impact on the holders of the Notes. In particular, the terms of the indenture and
the Notes do not place any restrictions on our or our subsidiaries’ ability to:

    ●
    issue debt securities or otherwise incur additional indebtedness or
    other obligations, including (1) any indebtedness or other obligations that would be equal in right of payment to the Notes, (2)
    any indebtedness or other obligations that would be secured and therefore rank effectively senior in right of payment to the Notes
    to the extent of the values of the assets securing such debt, (3) indebtedness of ours that is guaranteed by one or more of our subsidiaries
    and which therefore is structurally senior to the Notes and (