Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / initial-lease-review-memo.docx
initial-lease-review-memo.docx
Parties
Aurelius Media Holdings Inc
Greystone Metropolitan Realty LLC
Aurelius Global Media Group PLC
Strauss LLP
Capital Partners Fund VI LP
Greystone Capital Advisors LLC
Blackmoor Advisory Group LLC
Caledonian National Bank PLC
Dates
April 20, 2023
April 18, 2023
August 1, 2023
February 1, 2024
July 31, 2038
January 31, 2024
March 22, 2023
May 10, 2023
August 1, 2025
July 31, 2026
Amounts
$90,000,000
$2,590,000
$431,666.67
$88,395,000
$85,805,000
$3.15
$3.1
$5,180,000
$1,036,000
$11.2
Obligations
Recommendation: We recommend insertion of a 5% cumulative annual increase cap on controllable operating expenses, meaning that for purposes of calculating Tenant's escalation payments, controllable operating expenses in any calendar year shall not exceed 105% of the controllable operating expenses for the immediately preceding calendar year (compounded annually)
We must insist that this standard be revised accordingly
This is a significant deterrent to Tenant's operational flexibility and must be substantially narrowed
The consent standard must be revised from "sole and absolute discretion" to "not to be unreasonably withheld, conditioned, or delayed
Recommendation: We must negotiate a comprehensive carve-out providing that, upon a change of control of Aurelius Media Holdings Inc
Further Recommendation: The Landlord's recapture right must be waived entirely in the case of a change of control assignment