FR EA

Extract to table

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

Extract to table / credit-agreement-first-draft.docx
credit-agreement-first-draft.docx · 1021-00001

Parties

Harkness LLP
Greystone Federal Credit Corp
Consolidated Net Inc
Verimark Hospitality Group Inc
Employee Retirement Inc
Verimark Resort Properties LLC
VHG Management Services Inc
Verimark Convention Holdings LLC

Dates

May 16, 2022
December 31, 2021
February 14, 2020

Amounts

$700,000,000
$625,000,000
$75,000,000
$400,000,000
$341,000,000
$500,000,000
$2,180,000,000
$7,000,000
$858,000,000

Obligations

as administrative agent, all as more fully described herein; and WHEREAS, the parties hereto desire to set forth the terms and conditions upon which such term loans shall be made
"Adjusted Term SOFR" means, for any Interest Period, the per annum rate equal to the sum of (a) Term SOFR for such Interest Period plus (b) the SOFR Adjustment applicable to such Interest Period; provided that if Adjusted Term SOFR as so determined shall ever be less than the Floor, then Adjusted Term SOFR shall be deemed to be the Floor
"Benchmark Replacement" means, with respect to any Benchmark Transition Event, the first alternative set forth in the order below that can be determined by the Administrative Agent for the applicable Benchmark Replacement Date: (1) the sum of (a) Term SOFR and (b) the related Benchmark Replacement Adjustment; (2) the sum of (a) Daily Simple SOFR and (b) the related Benchmark Replacement Adjustment; or (3) the sum of (a) the alternate benchmark rate that has been selected by the Administrative Agent and the Borrower as the replacement for the then-current Benchmark for the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body, or (ii) any evolving or then-prevailing market convention for determining a benchmark rate as a replacement for the then-current Benchmark for Dollar-denominated syndicated credit facilities at such time, and (b) the related Benchmark Replacement Adjustment, provided that, in the case of clause (1) above, such Unadjusted Benchmark Replacement is displayed on a screen or other information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion; provided further that, in each case, the applicable Benchmark Replacement as so determined shall be subject to the Floor
02, substantially in the form of Exhibit A or any other form approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent)
"Capital Lease" means, with respect to any Person, any lease of (or other arrangement conveying the right to use) any property (whether real, personal, or mixed) that is required to be classified and accounted for as a finance lease or capital lease on a balance sheet of such Person under GAAP
01 hereto or in the applicable Assignment and Assumption Agreement or Lender Accession Agreement pursuant to which such Lender shall have assumed its Commitment, as applicable, as such commitment may be reduced or increased from time to time pursuant to the terms hereof