Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / settlement-agreement-mutual-release.docx
settlement-agreement-mutual-release.docx
Parties
Arbor Claims Services LLC
Stanton LLP
Kraus LLP
Verimark Hospitality Group Inc
Ironclad Indemnity Corp
Pinnacle Surplus Lines Inc
Sovereign Re Ltd
Keystone Dispute Resolution Inc
Dates
December 19, 2023
July 1, 2022
July 1, 2023
September 18, 2022
September 22, 2022
November 15, 2022
October 12, 2022
February 3, 2023
February 10, 2023
March 1, 2023
Amounts
$25,000,000
$500,000
$15,000,000
$10,000,000
$40,000,000
$50,000,000
$60,000,000
$31,400,000
$18,700,000
$9,900,000
Obligations
As used in this Agreement, the following terms shall have the meanings set forth below
Capitalized terms used but not defined in this Article I shall have the meanings ascribed to them elsewhere in this Agreement
In consideration of the mutual covenants, promises, releases, and obligations set forth in this Agreement, and in full and final settlement and resolution of all Claims among the Parties arising out of or relating to the Hurricane Callista Losses and/or the Policies, the Insurer Parties shall pay to VHG the aggregate sum of Forty-Seven Million Three Hundred Thousand Dollars ($47,300,000
The Settlement Amount shall be allocated among the Insurer Parties as set forth in the Payment Allocation Schedule attached hereto as Exhibit A and in accordance with Section 2
The Settlement Amount shall be allocated among the Insurer Parties as follows: (a) Ironclad Indemnity Corporation shall pay Twenty-Four Million Five Hundred Thousand Dollars ($24,500,000
shall pay Twelve Million Two Hundred Thousand Dollars ($12,200,000