FR EA

Extract to table

Pull the structured facts out of a document: parties, dates, amounts, obligations.

Extract to table / promissory-note-borrower-markup.docx
promissory-note-borrower-markup.docx · 1021-00007

Parties

Driscoll LLP
Philip Tarrant Corp
CORAL PALMS RESORT HOLDINGS LLC
Verimark Hospitality Group Inc
Harkness LLP

Dates

December 19, 2022

Amounts

$160,000,000.00
$713,333.33

Obligations

Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to such terms in the Loan Agreement
The outstanding principal balance of this Note shall bear interest at a fixed rate of five and thirty-five hundredths percent (5
Interest shall be calculated on the basis of a three-hundred-sixty (360) day year (30/360 day count convention)
Interest shall accrue from and including the date of this Note to but excluding the date on which the outstanding principal balance is repaid in full
Upon the occurrence and during the continuance of an Event of Default (as defined in Section 9 hereof and in the Loan Agreement), interest shall accrue on the entire outstanding principal balance at a rate per annum (the "Default Rate") equal to the lesser of (a) the Interest Rate plus per annum (i
3, exceed the Maximum Lawful Rate, then such interest or charge shall automatically be reduced to the Maximum Lawful Rate, and any excess amount that has been paid by Maker shall be applied first to the reduction of the outstanding principal balance hereunder and, if no principal remains outstanding, shall be refunded to Maker