Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / adequate-protection-stipulation.docx
adequate-protection-stipulation.docx
Parties
CASCABEL ASSET MANAGEMENT LLC
Driftwood Absolute Return Fund Ltd
Driftwood Capital Advisors LLC
Breckenridge McCoy LLP
Federal Deposit Insurance Corp
Alderpoint Advisory Partners LLC
M. Kowalski
Crane LLP
Dates
October 9, 2023
October 6, 2023
September 19, 2023
October 2, 2023
September 22, 2023
September 8, 2023
August 25, 2023
January 15, 2021
January 15, 2026
June 1, 2022
Amounts
$38,000,000
$28,000,000
$66,000,000
$120,000,000
$22,000,000
$385,000,000
$620,000,000
$710,000,000
$90,000,000
$183,500,000
Obligations
Brindoval Institutional Lending, LLC, a holder of Twenty-Two Million Dollars ($22,000,000) of the Pre-Petition First Lien Facility, is not a signatory to this Stipulation but shall benefit from the terms and protections set forth herein in its capacity as a Pre-Petition Secured Lender, as more fully described in Section 5
Upon the occurrence and during the continuance of an Event of Default (as defined in the DIP Credit Agreement), an additional 200 basis points shall apply, resulting in a minimum default rate of 15
As used in this Stipulation, the following terms shall have the meanings ascribed to them below
All capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the DIP Credit Agreement, dated as of October 13, 2023, by and among Cascabel Financial Holdings, Inc
To the extent of any conflict between the definitions set forth herein and those set forth in the DIP Credit Agreement, the definitions set forth in this Stipulation shall control
(d) All Adequate Protection Payments shall be made by wire transfer of immediately available funds to the account designated in writing by the Pre-Petition Agent