Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / preliminary-borrowing-base-analysis-memo.docx
preliminary-borrowing-base-analysis-memo.docx
Parties
Greenfield Agricultural Partners LLC
Wexler LLP
Meridian Agricultural Credit Corp
Pearce LLP
Associates LLC
Overview Greenfield Agricultural Partners LLC
Greenfield Grain Storage LLC
Greenfield Crop Inputs Inc
Dates
September 12, 2022
August 22, 2022
September 9, 2022
September 16, 2022
December 31, 2021
June 30, 2022
September 30, 2022
March 31, 2023
September 19, 2022
October 17, 2022
Amounts
$80,000,000
$40,000,000
$25,000,000
$15,000,000
$109.2
$80
$3.5
$105.7
$42.4
$63.3
Obligations
The Agreed Term Sheet sets forth the following eligibility criteria for accounts receivable, which we expect will be substantially reproduced (with possible additional detail) in the Credit Agreement: • Accounts must arise in the ordinary course of Greenfield's business and represent bona fide obligations of account debtors for goods sold or services rendered
• Accounts must not be more than 60 days past the original invoice due date
• Grain must be in good and merchantable condition, meeting applicable USDA grade standards for the relevant commodity
• Inventory must be in saleable condition, free from defects, damage, or contamination, and must not be obsolete
• Warehouse receipts must be properly issued, registered, and negotiable in accordance with applicable Iowa warehouse receipt statutes and USDA warehouse licensing requirements
• Grain represented by the warehouse receipts must be fully insured against loss or damage, with the Administrative Agent named as loss payee