FR EA

Extract to table

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

Extract to table / promissory-note-wbd-initial-draft.docx
promissory-note-wbd-initial-draft.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 accrue from and including the date of this Note to but excluding the date on which the outstanding principal balance is repaid in full
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
3 shall control every other provision of this Note and of the other Loan Documents
During the period commencing on the date hereof and continuing through and including the second (2nd) anniversary of the date hereof (the "Interest-Only Period"), Maker shall make monthly payments of accrued interest only on the outstanding principal balance at the Interest Rate on each Payment Date (as defined in Section 3