Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / escrow-release-instructions-initial-closing.docx
escrow-release-instructions-initial-closing.docx
Parties
Skybridge Fintech Ltd
Kelvantis Lending Corp
Harkness LLP
Dates
January 15, 2024
January 14, 2024
January 12, 2024
August 15, 2022
January 10, 2024
Amounts
$60,000,000
$45,000,000
$10,000,000
$15,000,000
$5,000,000
$7,500
$30,000,000
$45,000,000.00
Obligations
Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Escrow Agreement
To the extent any term defined herein conflicts with the definition set forth in the Escrow Agreement, the definition in the Escrow Agreement shall control
In the event of any discrepancy between the wire instructions set forth in this Section 3 and those set forth in the Wire Transfer Instructions Letter, the wire instructions set forth in this Section 3 shall control
2 of the Escrow Agreement, the Escrow Agent Fee shall be borne solely by the Company
The Escrow Agent Fee shall not be deducted from the Initial Closing Escrow Funds, and the full amount of Forty-Five Million Dollars ($45,000,000) shall be released to the Company in accordance with the wire instructions set forth above
The Escrow Agent Fee shall be billed separately to the Company at 1400 Market Street, Suite 2200, Wilmington, DE 19801, Attention: Accounts Payable, in accordance with the Escrow Agent's standard invoicing procedures and shall be payable by the Company within thirty (30) days of the date of invoice