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Contract analysis / email-leung-to-ashby-re-collateral-perfection.eml
email-leung-to-ashby-re-collateral-perfection.eml
High · 0
Medium · 1
Standard · 0
1. Motor vehicles with a book value below $250,000 per vehicle;
1. Motor vehicles with a book value below $250,000 per vehicle;
2. Letter of credit rights under $1,000,000;
2. Letter of credit rights under $1,000,000;
3. Commercial tort claims under $2,500,000; and
3. Commercial tort claims under $2,500,000; and
4. Any assets where the cost of obtaining or perfecting the security interest would be exc
4. Any assets where the cost of obtaining or perfecting the security interest would be excessive relative to the benefit to the Secured Parties (cost-benefit exclusion). We would appreciate confirmation from you and Crescent Harbor that these thresholds are acceptable. **E. Real Property Collateral** The following four owned real properties have fair market values in excess of $10,000,000 and are subject to mortgage:
1. Confirm that the excluded asset thresholds (Section D above) are acceptable to Crescent
1. Confirm that the excluded asset thresholds (Section D above) are acceptable to Crescent Harbor.
2. Confirm comfort with the post-closing timeline for mortgages (April 30, 2025 deadline)
2. Confirm comfort with the post-closing timeline for mortgages (April 30, 2025 deadline) and UCC-3 termination filings (on or about March 31, 2025).
3. Provide any comments on the Security Agreement, Pledge Agreements, and IP Security Agre
3. Provide any comments on the Security Agreement, Pledge Agreements, and IP Security Agreement first drafts at your earliest convenience.
4. Confirm Crescent Harbor's preferred DACA form for its own accounts.
4. Confirm Crescent Harbor's preferred DACA form for its own accounts.
5. Confirm the preferred form of endorsement for the intercompany note.
Medium
⚑ Forum / governing law
5. Confirm the preferred form of endorsement for the intercompany note. * * * Margaret, given the tight timeline to our March 28 target closing, I think it would be helpful to get a call on the calendar later this week to walk through these items and align before we get into full-scale mark-ups. I'm also happy to set up a working-level call with Sophie Tremblay and Jonathan Ferris to run through the detailed schedule