Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / counter-proposal-letter-to-pac.docx
counter-proposal-letter-to-pac.docx
Parties
HARKNESS LLP
Driscoll LLP
Philip Tarrant Corp
Coral Palms Resort Holdings LLC
Verimark Hospitality Group Inc
Whitley Valuation Services LLC
Claybourne Advisory Group LLC
Rate Inc
Dates
February 3, 2023
January 27, 2023
December 9, 2022
January 20, 2023
January 6, 2023
January 24, 2023
June 1, 2024
March 1, 2023
February 10, 2023
Amounts
$160,000,000
$192,000,000
$235,000,000
$43,000,000
$139,000,000
$3,200,000
$4,800,000
$8,000,000
$8,560,000
$9,591,000
Obligations
Nothing in this letter shall be construed as a waiver of any such rights
VHG is listed on the Nasdaq Stock Market under the ticker symbol VMRK and has fiduciary obligations to its shareholders that must be considered in connection with any guaranty commitment
However, the guaranty must remain limited in nature and must not extend to repayment of the Loan upon maturity or upon a non-"bad boy" default event
The guarantor shall remain Verimark Hospitality Group Inc
For the avoidance of doubt, the following terms shall remain unchanged: (a) Loan Term: Five (5) years from the funding date
Nothing in this Counter-Proposal, or in any prior or subsequent communications relating hereto, shall constitute a waiver of any rights, claims, or defenses of VHG or the Borrower, or an acceptance of PAC's Repriced Terms