FR EA

Extract to table

Pull the structured facts out of a document: parties, dates, amounts, obligations.

Extract to table / use-it-or-lose-it-compliance-memo.docx
use-it-or-lose-it-compliance-memo.docx · 1007-00008

Parties

Harkness LLP
Vantage Mobility Systems Corp
Redstone Whitaker LLP
Consolidated Controls Corp
Dormancy Inc

Dates

August 7, 2023
June 21, 2022
December 21, 2023
March 22, 2023
March 14, 2023
July 14, 2023
July 20, 2023
August 3, 2023
February 28, 2023
January 15, 2023

Amounts

$20,000,000
$1,000,000
$12,320,000
$1,920,000
$3,200,000
$7,680,000
$2,400,000

Obligations

4 provides that if the licensee "ceases all material integration and deployment activities for a period of one hundred twenty (120) consecutive days," the licensee must either resume activities or provide written notice to invoke Dormancy Status
Licensee shall commence integration testing on at least two (2) of the Designated Vehicle Platform Configurations identified in SOW No
3 shall not constitute a termination of this Agreement, and shall not affect Licensee's obligations with respect to fees already paid or accrued
Importantly, the clause expressly provides that exercise of these remedies "shall not constitute a termination of this Agreement," meaning the MESLSA itself would survive even if MeridianCode invoked its Section 4
The absence of a standalone definition means the phrase must be interpreted by reference to its ordinary meaning in context, informed by the milestone framework established in SOW No
This distinction is important to the compliance analysis that follows, as it lowers the bar that VMS must clear