Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / letter-ironclad-notice-settlement-lien.docx
letter-ironclad-notice-settlement-lien.docx
Parties
HARKNESS LLP
Verimark Hospitality Group Inc
Coastal Palms Franchise Holdings LLC
Suncoast Room Management Inc
M. Calloway
Gulf Breeze Hospitality LLC
Savannah Lodging Partners LLC
Crane LLP
Dates
April 24, 2024
April 22, 2024
March 7, 2022
February 9, 2024
October 22, 2024
April 22, 2028
August 20, 2024
April 26, 2024
May 15, 2024
Amounts
$150
$87,500,000.00
$25,000,000.00
$62,500,000.00
$7,812,500.00
$12,000,000.00
$94,000,000.00
$71,200,000.00
Obligations
The outstanding balance of the structured payments shall bear simple interest at a rate of six and one-half percent (6
Interest shall be payable concurrently with each semi-annual installment
The de-identification deadline—by which all Verimark branding, signage, logos, proprietary systems, and reservation-system integrations must be removed from the surrendered properties—is August 20, 2024
B above, Coastal Palms is required to surrender franchise rights to fourteen (14) hotel properties and to complete de-identification by August 20, 2024