Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / settlement-agreement-mutual-release.docx
settlement-agreement-mutual-release.docx
Parties
Dralvecen Commercial Lending Corp
Vantage Mobility Systems Corp
Harkness LLP
Lowell LLP
Dates
October 28, 2022
March 15, 2020
March 14, 2025
December 6, 2021
January 18, 2022
February 7, 2022
May 12, 2022
July 8, 2022
November 1, 2022
November 27, 2022
Amounts
$1,583,654.60
$1,756,398.00
$1,530,497.60
$4,870,550.20
$1,950,000.00
$2,920,550.20
$185,000
$48.00
$78.50
Obligations
As used in this Agreement, the following terms shall have the meanings set forth below
Capitalized terms used but not otherwise defined in this Article I shall have the meanings ascribed to them elsewhere in this Agreement
In consideration of the mutual releases and other covenants contained herein, Vantage shall pay to Meridian a lump-sum settlement payment in the amount of One Million Nine Hundred Fifty Thousand Dollars ($1,950,000
The Settlement Payment shall be due and payable within thirty (30) days following the Effective Date (i
In the event that November 27, 2022, falls on a day that is not a business day, the Settlement Payment shall be due on the next succeeding business day
No withholding shall be applied to the Settlement Payment by Vantage unless withholding is required by applicable law, in which case Vantage shall provide Meridian with prompt written notice of any such withholding and shall remit the withheld amount to the appropriate taxing authority in accordance with applicable law