FR EA

Extract to table

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

Extract to table / memo-termination-rights-long-stop-date.docx
memo-termination-rights-long-stop-date.docx · 1022-00002

Parties

Harkness LLP
Ridgeline Wireless Holdings LLC
Northgate Wireless Americas Inc
Northgate Telecommunications PLC
Caldwell LLP
Northgate US Holdings LLC
Growth Capital Fund II LP
Crestwood Family Office LLC

Dates

September 22, 2022
September 30, 2023
March 15, 2023
April 22, 2023
November 8, 2023
September 30, 2022
June 15, 2022
October 14, 2022
October 28, 2022
November 3, 2022

Amounts

$126,500,000
$14,200,000
$0.845
$4,500,000
$140,700,000

Obligations

The provision is unambiguous: it states that the purchase price is "fixed and shall not be subject to adjustment for any reason
Closing Conditions (Section 7) The APA sets forth detailed closing conditions that must be satisfied or waived as a prerequisite to the obligation of either party to consummate the closing
The use of the word "may" — as opposed to "shall" or "is hereby terminated" — creates an option to terminate, not an automatic termination trigger
2200 Wilson Boulevard, Suite 1450 Arlington, Virginia 22201 Attention: General Counsel With a copy (which shall not constitute notice) to: Calderwood & Harkness LLP 375 Park Avenue, 40th Floor New York, New York 10152 Attention: Sylvia Hartwell, Esq
If to Seller: Ridgeline Wireless Holdings LLC 450 South Virginia Street, Suite 800 Reno, Nevada 89501 Attention: Garrett Nolan, Managing Member With a copy (which shall not constitute notice) to: Hargrove, Sato & Caldwell LLP [Address on file] Attention: Kevin Sato, Esq
Had the parties intended for the APA to terminate automatically upon the passage of the Long-Stop Date, they would have used language such as "this Agreement shall automatically terminate" or "this Agreement shall be deemed terminated, without further action by either party