Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / sofr-transition-memo.docx
sofr-transition-memo.docx
Parties
HARKNESS LLP
Verimark Hospitality Group Inc
Greystone Federal Credit Corp
Partridge LLP
Westmark Services Inc
Federal Deposit Insurance Corp
Meridian Strauss Advisory LLC
Dates
May 24, 2022
February 14, 2020
May 16, 2022
April 22, 2022
July 21, 2022
June 30, 2023
July 21, 2029
January 21, 2023
May 4, 2022
January 21, 2024
Amounts
$700,000,000
$625,000,000
$3,500,000
$621,875,000
$3,125,000
$1,562,500
$1,750,000
$400,000,000
$245,000,000
$858,000,000
Obligations
50%, then for purposes of calculating interest, the Adjusted Term SOFR shall be deemed to be 0
If VHG fails to timely deliver an interest period election notice, the applicable interest period shall be deemed to be a 1-month interest period
If the last day of an interest period would otherwise fall after the maturity date, the interest period shall end on the maturity date
Under this convention, if the last day of an interest period falls on a day that is not a business day, the interest period shall end on the next succeeding business day, unless that next succeeding business day would fall in the next calendar month, in which case the interest period shall end on the immediately preceding business day
Any pending interest period election that references the unavailable Benchmark shall be deemed to be an election of a Base Rate loan
The C&H first draft addresses this by providing that effective yield comparisons shall be made on a like-for-like basis (i