Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / equity-commitment-letter-execution.docx
equity-commitment-letter-execution.docx
Parties
Harrowgate Capital Management IV LLC
Harrowgate Velocity Merger Sub Inc
Private Equity Fund IV LP
Meridian Commercial Credit Corp
VeloPay Canada Inc
Harrowgate Velocity Co-Invest LP
Harkness LLP
Crane LLP
Dates
February 14, 2025
March 14, 2025
Amounts
$1,140,000,000
$1,900,000,000
$500,000,000
$260,000,000
$20.00
$133,000,000
$112,000,000
$57,000,000
$1,197,000,000
$6.8
Obligations
Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Merger Agreement, unless the context otherwise requires
The Equity Commitment shall be funded in immediately available funds by wire transfer to such account or accounts as Merger Sub shall designate in writing, in accordance with the funds flow memorandum to be mutually agreed upon by the parties prior to the Closing (the "Funds Flow Memorandum")
The Commitment Party and Merger Sub shall cooperate in good faith to finalize the Funds Flow Memorandum no later than three (3) business days prior to the anticipated Closing date
The actual allocation of sources and uses of funds at the Closing shall be set forth in the Funds Flow Memorandum
No portion of the Equity Commitment shall be used for any purpose other than the Permitted Uses described above
The Commitment Party acknowledges and agrees that the proceeds of the Equity Commitment, once contributed to Merger Sub, shall be applied by Merger Sub exclusively to the Permitted Uses in accordance with the Funds Flow Memorandum