Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / payoff-direction-letter-meridian.docx
payoff-direction-letter-meridian.docx
Parties
HARKNESS LLP
Administration Meridian Commercial Credit Corp
Meridian Commercial Credit Corp
Private Equity Fund IV LP
Harrowgate Velocity Merger Sub Inc
VeloPay Processing LLC
VeloPay Canada Inc
PayStream Gateway LLC
Dates
July 21, 2025
September 14, 2021
March 18, 2025
July 22, 2025
July 18, 2025
February 3, 2023
August 19, 2023
May 6, 2024
Amounts
$112,000,000
$113,230,000
$112,000,000.00
$1,230,000.00
$500,000,000
$260,000,000
Obligations
Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Merger Agreement or the Credit Agreement, as applicable
The exact Payoff Amount shall be as set forth in the Payoff Letter, calculated through the Closing Date of July 22, 2025
To the extent there is any discrepancy between the approximate amounts referenced herein and the amounts set forth in the Payoff Letter, the amounts set forth in the Payoff Letter shall govern and control
The payoff wire shall be transmitted in accordance with the wire transfer instructions provided by Meridian in the Payoff Letter
Terminate and release any and all guarantees (including the Subsidiary Guaranty Agreement dated as of September 14, 2021, and any amendments or supplements thereto) provided by VeloPay's subsidiaries in connection with the Credit Agreement, such that no subsidiary of VeloPay shall have any continuing obligation, liability, or exposure under any such guarantee following receipt of the Payoff Amount
Upon receipt of the Payoff Amount in full and in immediately available funds, the Credit Agreement, together with all schedules, exhibits, and annexes thereto, and all related Loan Documents (as defined in the Credit Agreement), including without limitation the Security Agreement, the Subsidiary Guaranty Agreement, and all other agreements, instruments, and documents executed and delivered in connection therewith, shall be deemed terminated in their entirety