Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / credit-agreement-sc-second-markup.docx
credit-agreement-sc-second-markup.docx
Parties
GREENFIELD AGRICULTURAL PARTNERS LLC
GREENFIELD GRAIN STORAGE LLC
Federal Crop Insurance Corp
Employee Retirement Inc
Associates LLC
Meridian Agricultural Credit Corp
Pension Benefit Guaranty Corp
Pearce LLP
Dates
April 1, 2018
October 15, 2019
March 1, 2021
December 31, 2021
Amounts
$80,000,000
$55,000,000
$2,000,000
$5,000,000
$64,800,000
$10,000,000
Obligations
"Aggregate Commitment" means the aggregate amount of the Commitments of all Lenders, which as of the Closing Date shall be Eighty Million Dollars ($80,000,000), as such amount may be reduced from time to time in accordance with the terms of this Agreement
The initial Applicable Margin from the Closing Date through the end of the first full calendar quarter ending after the Closing Date shall be determined based on the pricing level corresponding to Tier II (SOFR + 2
The initial Availability Reserve on the Closing Date shall be the Initial Availability Reserve Amount
"Change of Control" means the occurrence of any of the following: (a) the Lindstrom Family Trust shall cease to own, directly or indirectly, beneficially and of record, at least fifty-one percent (51%) of the issued and outstanding Equity Interests in Holdings on a fully diluted basis; (b) Holdings shall cease to own, directly or indirectly, beneficially and of record, one hundred percent (100%) of the issued and outstanding Equity Interests in the Borrower; or (c) the Borrower shall cease to own, directly or indirectly, beneficially and of record, one hundred percent (100%) of the issued and outstanding Equity Interests in GGS or GCI
For the avoidance of doubt, Excess Availability shall not be less than zero
01(a), which as of the Closing Date is "Interest Period" means, with respect to any SOFR Loan, the period commencing on the date such SOFR Loan is made or continued as, or converted to, a SOFR Loan and ending on the numerically corresponding day in the calendar month that is one (1), three (3), or six (6) months thereafter (in each case, subject to availability), as selected by the Borrower in its Borrowing Request; provided that (a) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day; and (b) any Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period