Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / dip-payoff-letter-lien-release.docx
dip-payoff-letter-lien-release.docx
Parties
HARKNESS LLP
Sato LLP
M. Kowalski
Alderpoint Advisory Partners LLC
Cascabel Asset Management LLC
Driftwood Absolute Return Fund Ltd
Driftwood Capital Advisors LLC
Thornbury Capital Markets LLC
Dates
February 14, 2024
October 13, 2023
February 16, 2024
January 29, 2024
September 15, 2023
March 15, 2021
October 9, 2023
September 8, 2024
December 15, 2023
Amounts
$75,000,000
$43,000,000
$32,000,000
$18,000,000.00
$987,616.44
$25,000,000.00
$1,121,917.81
$32,000,000.00
$1,436,054.79
$3,545,589.04
Obligations
Unless otherwise defined herein, all capitalized terms used in this Payoff Letter shall have the meanings ascribed to such terms in the DIP Credit Agreement
(Eastern Time) on February 16, 2024, or on any date subsequent to the Payoff Date, additional per diem interest shall continue to accrue and the Payoff Amount shall be recalculated in accordance with Section 2
The Debtors' obligation to pay the final, reconciled amounts of such expenses and fees shall survive the payment of the Payoff Amount and the release of liens described herein
The Debtors' obligation to pay the final, reconciled amounts of all reimbursable expenses and professional fees shall survive the payment of the Payoff Amount and the release of liens described in Section 5 hereof
(Eastern Time) on February 16, 2024, additional interest shall continue to accrue on the outstanding principal balance of $75,000,000
The DIP Lender shall have no obligation to subordinate or defer its right to receive the Payoff Amount in favor of any other creditor, lender, or party in interest