Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / credit-agreement-draft.docx
credit-agreement-draft.docx
Parties
Harkness LLP
Vantage Mobility Systems Corp
Consolidated Net Inc
Employee Retirement Inc
Pension Benefit Guaranty Corp
Great Lakes Commercial Lending Corp
Dates
May 27, 2025
March 31, 2025
June 30, 2025
March 15, 2022
March 15, 2028
June 30, 2029
Amounts
$15,000,000
$45,000,000
$4,800,000
$500,000,000
$5,000,000
$130,000,000
$112,500,000
$17,500,000
$7,500,000
$10,000,000
Obligations
00% per annum; provided that in no event shall the ABR be less than 0
Any change in the ABR due to a change in the Prime Rate, the Federal Funds Rate, or Term SOFR shall be effective from and including the effective date of such change in the Prime Rate, the Federal Funds Rate, or Term SOFR, respectively
For the avoidance of doubt, the aggregate amount of Incremental Commitments available under the Accordion Facility shall not exceed $15,000,000
For purposes of this definition, "Control" means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise, and "Controlling" and "Controlled" shall have corresponding meanings
"Aggregate Commitments" means the aggregate amount of the Commitments of all the Lenders, which as of the Closing Date shall be $45,000,000, as such amount may be increased from time to time pursuant to Section 2
"Capital Lease Obligations" means, with respect to any Person, the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases or finance leases on a balance sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP