Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / mortgage-new-york-vrp-execution.docx
mortgage-new-york-vrp-execution.docx
Parties
Harkness LLP
VERIMARK RESORT PROPERTIES LLC
Verimark Hospitality Group Inc
Ironbridge Loan Management LLC
Greystone Federal Credit Corp
M. Best Company
Dates
July 21, 2022
July 21, 2029
May 12, 2022
September 30, 2022
Amounts
$700,000,000.00
$700,000,000
$400,000,000
$1,750,000.00
$50,000,000
$125,000,000
$100,000,000
$75,000,000
$150,000.00
$400,000,000.00
Obligations
In the event of any conflict between a definition in this Mortgage and a definition in the Credit Agreement, the definition in the Credit Agreement shall control, except with respect to matters of New York real property law, in which case the definition set forth in this Mortgage shall control
06 hereof that is hereafter acquired by Mortgagor and that is located on, attached to, or used in connection with the Mortgaged Property, or that arises from the ownership, use, management, or operation thereof, shall automatically become subject to the lien and security interest of this Mortgage without the execution or filing of any further instrument or document
TO HAVE AND TO HOLD the Mortgaged Property, together with all rights, privileges, hereditaments, and appurtenances thereunto belonging or in anywise appertaining, unto the Mortgagee, its successors and assigns, forever, for the uses and purposes set forth herein; PROVIDED, HOWEVER, that if all Obligations secured hereby shall be paid and performed in full and all commitments under the Credit Agreement shall have been terminated, then this Mortgage and the estate, lien, and security interest created hereby shall become null and void and shall be discharged of record, all at the cost and expense of Mortgagor
In the event that an Event of Default has occurred and is continuing, interest shall accrue at the default rate equal to the otherwise applicable rate plus 200 basis points (2
In the event of any inconsistency between the provisions of this Mortgage and the provisions of the Intercreditor Agreement, the provisions of the Intercreditor Agreement shall control as between the Secured Parties
In accordance with Section 253 of the New York Real Property Law and for purposes of calculating the New York State mortgage recording tax, the maximum principal amount of indebtedness or obligations secured by this Mortgage at the time of its execution or that may be secured at any time hereafter shall not exceed $700,000,000