Contract analysis
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Contract analysis / first-draft-side-letter.docx
first-draft-side-letter.docx
High · 0
Medium · 2
Standard · 1
1. Description of Elected Term: [Insert detailed description of the MFN-Eligible Term bei
1. Description of Elected Term: [Insert detailed description of the MFN-Eligible Term being elected, including the applicable rate, threshold, condition, or other material parameter.]
2. Description of Elected Term: [Insert detailed description of any additional MFN-Eligib
Medium
⚑ Liability cap to check against exposure
2. Description of Elected Term: [Insert detailed description of any additional MFN-Eligible Term being elected.] 3. [Add additional items as applicable.] The Investor requests that the General Partner confirm in writing the effectiveness of the foregoing election(s) and the corresponding modifications to the Investor's rights and obligations under the Side Letter and the Partnership Agreement. This MFN Election Notic
1. Multiple provisions remain subject to further negotiation and GP agreement. This draft
1. Multiple provisions remain subject to further negotiation and GP agreement. This draft reflects BFO's opening position and should be circulated to Ashford Crane & Hewitt LLP for GP/Fund comments.
2. The Partnership Agreement section cross-references in Section 4.1 (management fee prov
Standard
⚑ Commercial term
2. The Partnership Agreement section cross-references in Section 4.1 (management fee provisions) require insertion of the specific section number from the LPA upon confirmation by the Parties.
3. The gaming revenue threshold in Section 3.1(b) (currently set at 25%) is a placeholder
3. The gaming revenue threshold in Section 3.1(b) (currently set at 25%) is a placeholder and may be subject to negotiation.
4. The ESG reporting delivery timeline in Section 6.3 (currently 120 days) is bracketed a
4. The ESG reporting delivery timeline in Section 6.3 (currently 120 days) is bracketed and subject to confirmation.
5. This draft was prepared by Calderwood & Harkness LLP on behalf of the Investor (Briarw
Medium
⚑ Notice / time limit to track
5. This draft was prepared by Calderwood & Harkness LLP on behalf of the Investor (Briarwood Family Office LLC). Ashford Crane & Hewitt LLP represents the Fund and the General Partner. END OF DRAFTING NOTES ______________________________ 1 DRAFTING NOTE — BRACKET 1 (Section 2.2): Timing of Side Letter Summary delivery remains open. BFO position: 15 business days. GP position: 20 business days. To be resolved in negot