RAE Systems (RAE) Now In Compliance With Financial Covenants
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RAE Systems Inc. (NYSE: RAE) disclosed it entered into Amendment No. 7 and Limited Waiver to Loan and Security Agreement with Silicon Valley Bank, which effected certain changes to the EBITDA and compliance with criminal statutes covenants of the Loan and Security Agreement, so that the Registrant is now in compliance with these covenants.
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