Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / deposit-settlement-letter-agreement.docx
deposit-settlement-letter-agreement.docx
Parties
HARKNESS LLP
Coral Palms Resort Holdings LLC
Verimark Hospitality Group Inc
Treasury Verimark Hospitality Group Inc
Whitley Valuation Services LLC
Greystone Peak Asset Management LP
Driscoll LLP
Holt LLP
Dates
February 28, 2023
December 9, 2022
December 12, 2022
January 5, 2023
January 20, 2023
January 6, 2023
January 27, 2023
February 3, 2023
February 7, 2023
February 10, 2023
Amounts
$160,000,000
$118,500,000
$1,600,000
$800,000
$2,400,000
$192,000,000
$43,000,000
$235,000,000
$139,000,000
$21,000,000
Obligations
DEFINED TERMS For purposes of this Agreement, the following terms shall have the meanings ascribed to them below
Capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed to them in the Commitment Letter
In the event that PAC fails to deliver wire instructions within the five (5) business day period specified above, Escrow Agent shall hold the Good Faith Deposit pending receipt of such instructions and shall disburse the same within three (3) business days following its eventual receipt thereof
2 Refund of Rate Lock Deposit PAC hereby agrees that the Rate Lock Deposit in the principal amount of Eight Hundred Thousand Dollars ($800,000) shall be refunded in full to Borrower
In the event that Borrower fails to deliver wire instructions within the five (5) business day period specified above, Escrow Agent shall hold the Rate Lock Deposit pending receipt of such instructions and shall disburse the same within three (3) business days following its eventual receipt thereof
All Deposits held by Escrow Agent are fully accounted for and shall be disbursed in the manner set forth above