Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / annotated-term-sheet-sc-comments.docx
annotated-term-sheet-sc-comments.docx
Parties
HARKNESS LLP
Verimark Hospitality Group Inc
Meridian Strauss Advisory LLC
Partridge LLP
Greystone Federal Credit Corp
Verimark Resort Properties LLC
VHG Management Services Inc
Verimark Convention Holdings LLC
Dates
April 22, 2022
April 29, 2022
May 2, 2022
April 11, 2022
April 14, 2022
April 20, 2022
March 28, 2022
February 14, 2020
February 14, 2023
June 30, 2023
Amounts
$700,000,000
$625,000,000
$400,000,000
$50,000,000
$1,562,500
$621,875,000
$12,500,000
$627,916,667
$75,000,000
$60,483,333
Obligations
1 MFN Clause Crescent Harbor Term: If the Borrower incurs incremental term loans with an effective yield exceeding the yield on the initial Term Loan B by more than 75 basis points, the applicable margin on the initial Term Loan B shall be increased to within 75 bps of the incremental term loan yield
The permitted lien basket must be consistent with the collateral structure and the intercreditor agreement
The incremental facility provisions in the Credit Agreement must be internally consistent with the MFN clause, including a clear definition of "All-In Yield" and a mechanism for calculating the yield differential