Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / closing-memorandum.docx
closing-memorandum.docx
Parties
HARKNESS LLP
Calloway-Briggs Renewables Inc
M. Briggs
Project Developer Calloway-Briggs Renewables Inc
Ironclad Surety Corp
Neale LLP
M. Kennard
Shaw LLP
Dates
February 17, 2023
September 6, 2022
December 1, 2022
February 10, 2023
August 15, 2023
September 1, 2023
December 31, 2021
February 10, 2030
March 15, 2023
June 1, 2023
Amounts
$40,000,000
$185
$9,100,000
$2.8
$4,900,000
$14,000,000
$500
$18
$26,000,000
$42,000,000
Obligations
The EPC Agreement includes the following performance guarantees, each of which must be demonstrated during the performance testing protocol conducted prior to Substantial Completion: • Minimum Round-Trip Efficiency: 87%
The BESS must demonstrate the ability to charge and discharge at the rated power and energy capacity within a tolerance band of plus or minus 2% of nameplate values
Each draw request must be accompanied by a certification from the Independent Engineer (Norgate Technical Advisors, Inc
• Financial Covenants: Upon the conversion of the construction loan to a term loan and the commencement of the term loan period, the Borrower must maintain compliance with the financial covenants set forth in the Credit Agreement, including maintenance of a minimum DSCR of 1