Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / settlement-drafting-issues-memo.docx
settlement-drafting-issues-memo.docx
Parties
Verimark Hospitality Group Inc
Coastal Palms Franchise Holdings LLC
Background Verimark Hospitality Group Inc
Gulf Breeze Hospitality LLC
Savannah Lodging Partners LLC
Suncoast Room Management Inc
Crane LLP
M. Settling Parties
Dates
March 28, 2024
March 22, 2024
February 9, 2024
June 10, 2024
October 22, 2024
April 22, 2028
April 2, 2024
April 22, 2024
April 1, 2024
August 20, 2024
Amounts
$12
$87.5
$25
$62.5
$7,812,500
$87,500,000
$25,000,000
$62,500,000
$71.2
$94
Obligations
As discussed in Issue 1 below, although the Term Sheet was signed only by Verimark, Coastal Palms, Randall Brecker, and Nolan Prescott, the definitive Settlement Agreement must include all eight parties listed above
The following additional parties must be included: 1
The mutual release must bind Suncoast to preclude any future claims against it arising from its collection of off-platform guest-room revenues through the gulfcoastrooms
Each party must execute the Settlement Agreement and deliver a separate signature page
(c) Theresa Brecker must sign individually
She is not an officer, director, or managing member of any defendant entity and therefore must execute the Settlement Agreement in her personal capacity