Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / tax-receivable-agreement-execution.docx
tax-receivable-agreement-execution.docx
Parties
Among ARDENT HEALTHCARE HOLDINGS LLC
Pinnacle Health Services Group LLC
Ardent Capital Partners III LP
Ardent Capital GP III LLC
Ardent Healthcare Holdings LLC
Ardent Healthcare Intermediate Inc
Ardent Healthcare Merger Sub LLC
The Corp
Dates
May 28, 2024
March 15, 2024
May 31, 2024
December 31, 2024
January 1, 2024
January 1, 2030
Amounts
$412,000,000
$339,400,000
$72,600,000
$224,400,000
$187,600,000
$20,040,000
$5,010,000
$32,410,000
$24,180,000
$2,950,000
Obligations
NOW, THEREFORE, in consideration of the mutual covenants and agreements hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: ARTICLE I — DEFINITIONS The following terms shall have the meanings set forth below for purposes of this Agreement
Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Merger Agreement
In the event that SOFR is discontinued or is otherwise unavailable, the Agreed Rate shall be determined by reference to the replacement rate designated by the Federal Reserve Bank of New York or, in the absence of such designation, by reference to such other comparable benchmark rate as the Corporate Taxpayer and the TRA Holder Representative shall mutually agree
The Blended Tax Rate shall be recomputed for each Taxable Year based on the actual applicable federal and state tax rates in effect for such year
7(c) of the Merger Agreement, and the parties shall construe this definition and such provision harmoniously
The allocation shall be updated to reflect any adjustments required by applicable law or as a result of any Determination