Contract analysis
Clause-by-clause risk read on any document of the firm. Pick a contract, or open any document from a matter.
Contract analysis / funds-flow-memo.xlsx
funds-flow-memo.xlsx
High · 2
Medium · 0
Standard · 1
I. MERGER CONSIDERATION
High
⚑ Indemnity / guarantee obligation
I. MERGER CONSIDERATION 1 | Stockholder Merger Consideration — Disbursement to Trident Transfer Agency | Trident Transfer Agency, Inc. (Transfer and Paying Agent) | 480 Washington Boulevard, Jersey City, NJ 07310 | See Wire Instructions tab | $682,500,000 | For pro-rata distribution to Cascadia stockholders at $15.79 per share (47,500,000 fully diluted shares); net of escrow holdback 2 | Indemnification Escrow Deposi
II. RETIREMENT OF EXISTING CASCADIA INDEBTEDNESS
Standard
⚑ Commercial term
II. RETIREMENT OF EXISTING CASCADIA INDEBTEDNESS 3 | Payoff — Elkhorn Capital Markets Term Loan (Principal) | Elkhorn Capital Markets, LLC | Per Payoff Letter | Per Payoff Letter | $82,600,000 | Mandatory prepayment upon change of control; per Payoff Letter to be confirmed T-2 business days 4 | Payoff — Elkhorn Capital Markets Term Loan (Prepayment Premium — 1.0%) | Elkhorn Capital Markets, LLC | Per Payoff Letter |
III. TRANSACTION EXPENSES (ESTIMATED)
High
⚑ Indemnity / guarantee obligation
III. TRANSACTION EXPENSES (ESTIMATED) 7 | Calderwood & Harkness LLP — Acquirer's Legal Fees & Disbursements | Calderwood & Harkness LLP | 600 Lexington Avenue, 30th Floor, New York, NY 10022 | C&H Matter No. 1022-00006 / Billing No. 78432.001 | TBD | Estimated amount TBD; invoiced separately 8 | Prumvane Brothers & Co. — Acquirer's Financial Advisory Fee | Prumvane Brothers & Co. | 383 Madison Avenue, 12th Floor, New