FR EA

Extract to table

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

Extract to table / syndication-flex-letter.docx
syndication-flex-letter.docx · 1021-00001

Parties

Verimark Hospitality Group Inc
Greystone Federal Credit Corp
Meridian Strauss Advisory LLC
Verimark Resort Properties LLC
VHG Management Services Inc
Verimark Convention Holdings LLC
Palmetto Beachfront Hotels LLC
Cascadia Hospitality Corp

Dates

May 27, 2022
July 21, 2022
June 30, 2022
January 21, 2024
January 21, 2023
July 21, 2029

Amounts

$700,000,000
$625,000,000
$75,000,000
$7,000,000
$14,000,000
$693,000,000
$686,000,000
$627,916,667
$3,500,000
$1,400,000

Obligations

Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Commitment Letter or the Term Sheet, as applicable
In the event that a capitalized term is defined both in this Letter Agreement and in the Commitment Letter or the Term Sheet, the definition set forth in this Letter Agreement shall govern for purposes of this Letter Agreement
In consideration of the foregoing and the mutual agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: Section 1: Definitions For purposes of this Letter Agreement, the following terms shall have the meanings set forth below: "Adjusted Term SOFR" means, for any interest period, the CME Term SOFR for such interest period plus the applicable credit spread adjustment, which shall be (a) 0
Section 2: Pricing Flex — Applicable Margin (a) Crescent Harbor shall have the right, exercisable during the Flex Period and in accordance with Section 7 hereof, to increase the Base Applicable Margin by up to 50 basis points (0
50%) per annum, such that the maximum Applicable Margin following any such increase shall not exceed 425 basis points (4
reverse flex for the Borrower's benefit) shall be subject to the mutual agreement of Crescent Harbor and the Borrower in accordance with Section 6 hereof