Item 1.01. Entry into a Material Definitive Agreement.
On
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fixed charge coverage ratio of 1.25 to 1.00, in each case, tested on the last day of each fiscal quarter. The Credit Agreement also provides for customary events of default, including (among others) nonpayment, covenant defaults, breaches of representations or warranties, bankruptcy and insolvency events and a change of control. If an event of default occurs, the Administrative Agent shall, at the request of, or may, with the consent of, the required Lenders, declare the obligations under the Credit Agreement immediately due and payable and the commitments of the Lenders may be terminated. For certain events of default relating to insolvency, the commitments of the Lenders are automatically terminated and all outstanding obligations become due and payable. The foregoing description of the Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the Credit Agreement, which is included as Exhibit 10.1 hereto and is incorporated by reference herein. Certain Lenders under the Credit Agreement and/or their affiliates may have in the past provided, and may in the future from time to time provide, investment banking, commercial banking, investment management and other services to the Company and its affiliates. Item 1.02. Termination of a Material Definitive Agreement. The information included in Item 1.01 of this Form 8-K regarding the termination of the SVB Credit Agreement and the Equipment Loan and Security Agreement is incorporated by reference into this Item 1.02. Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information included in Item 1.01 of this Form 8-K is incorporated by reference into this Item 2.03. Item 7.01. Regulation FD Disclosure. In a press release issued onApril 22, 2020 , the Company announced the entry into the Credit Agreement. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information in this Item 7.01 and Exhibit 99.1 of this Current Report on Form 8-K shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filings made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
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Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 Credit Agreement, dated as ofApril 21, 2020 , by and amongBeyond Meat, Inc. , as the Borrower, the other Loan Parties party thereto, the Lenders party thereto andJPMorgan Chase Bank, N.A ., as the Administrative Agent. 99.1 Press release ofBeyond Meat, Inc. datedApril 22, 2020
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