FR EA

Extract to table

Pull the structured facts out of a document: parties, dates, amounts, obligations.

Extract to table / payoff-letter-greystone.docx
payoff-letter-greystone.docx · 1021-00001

Parties

COURIER Verimark Hospitality Group Inc
Harkness LLP
Verimark Hospitality Group Inc
Greystone Federal Credit Corp
Verimark Resort Properties LLC
VHG Management Services Inc
Verimark Convention Holdings LLC
Palmetto Beachfront Hotels LLC

Dates

July 19, 2022
February 14, 2020
September 30, 2020
June 15, 2021
July 21, 2022
March 31, 2020

Amounts

$625,000,000
$700,000,000
$625,000,000.00
$1,562,500
$3,125,000.00
$621,875,000.00
$2,916,667.00
$0.00
$85,185.19
$86,371.53

Obligations

Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Existing Credit Agreement
(New York City time) on July 21, 2022, this Payoff Letter shall automatically become null and void without any action on the part of the Existing Agent, and the Borrower shall be required to obtain a revised payoff quotation from the Existing Agent prior to making any payment in satisfaction of the Obligations
In the event that the payoff is delayed beyond the anticipated Payoff Date of July 21, 2022, additional interest shall continue to accrue on the outstanding principal balance of the Term Loan B at the rate set forth in Section 3
Any revised payoff quotation issued by the Existing Agent shall reflect such additional accrued interest and any other amounts that may become due and payable in respect of the intervening period
The Borrower acknowledges that the final wire amount may differ from the estimated amount set forth herein by a de minimis amount, and the Borrower agrees to remit any shortfall promptly upon demand by the Existing Agent (or, in the case of any overpayment, the Existing Agent shall promptly refund such overpayment to the Borrower)
To the extent any breakage costs are determined to be owing following the Payoff Date, the Borrower shall remit such amounts to the Existing Agent promptly upon demand