Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / non-consolidation-opinion-qrh-draft.docx
non-consolidation-opinion-qrh-draft.docx
Parties
HARKNESS LLP
Fortbridge Corporate Services LLC
Ridgeline Capital Markets LLC
Quorum Receivables Holding LLC
Quorum Insurance Holdings Corp
Quorum Premium Finance LLC
M. Vasquez
Purpose Quorum Receivables Holding LLC
Dates
October 5, 2022
October 12, 2022
August 3, 2022
July 27, 2022
June 30, 2022
December 31, 2021
October 8, 2022
November 14, 2022
Amounts
$500,000,000
$375,000,000
$75,000,000
$35,000,000
$15,000,000
$2.1
$612,000,000
$3.8
Obligations
its boundaries must be respected
The Second Circuit emphasized that substantive consolidation is not a mere convenience but rather an equitable remedy of last resort, and that either prong must be established by clear and convincing evidence
Separateness Covenants in the LLC Agreement The LLC Agreement contains comprehensive separateness covenants that QRH is required to observe at all times
QRH shall maintain its own books and records, separate and distinct from the books and records of QIH, QPF, and each of their respective affiliates
QRH shall maintain its own bank accounts, separate and distinct from the bank accounts of QIH, QPF, and each of their respective affiliates
QRH shall not commingle its funds, assets, or accounts with those of QIH, QPF, or any other person or entity