Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / commitment-letter-side-letter.docx
commitment-letter-side-letter.docx
Parties
Coral Palms Resort Holdings LLC
Verimark Hospitality Group Inc
Driscoll LLP
Federal Deposit Insurance Corp
Harkness LLP
Philip Tarrant Corp
Dates
December 9, 2022
December 12, 2022
April 15, 2023
May 15, 2023
January 5, 2023
Amounts
$160,000,000
$160,000,000.00
$118,500,000
$800,000
$275,000
$1,600,000.00
$160,000.00
$800,000.00
$2,400,000.00
$275,000.00
Obligations
Capitalized terms used but not otherwise defined in this Side Letter shall have the respective meanings ascribed to such terms in the Commitment Letter
During the Appraisal Contingency Period, the parties shall negotiate in good faith to address any issues arising from the appraised value, including any proposed modifications to the Loan terms
"Escrow Agent" shall mean Meridian Title & Escrow, Inc
"Good Faith Deposit" shall mean the sum of One Million Six Hundred Thousand and 00/100 Dollars ($1,600,000
"Outside Closing Date" shall mean April 15, 2023, subject to one (1) extension of thirty (30) calendar days (i
The extension deposit shall be non-refundable under all circumstances and, upon a successful Closing, shall be credited against Borrower's closing costs