Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / draft-board-resolution-authorizing-mdla.docx
draft-board-resolution-authorizing-mdla.docx
Parties
Harkness LLP
Quorum Insurance Holdings Corp
General Corp
Pinnacle Ridge Advisory LLC
Strauss LLP
Dates
June 15, 2021
February 14, 2023
Amounts
$60,000,000
$1,500,000
$61,500,000
$40,000,000
$50,000,000
$10,800,000
$900,000
$12,300,000
$1,025,000
$2,700,000
Obligations
Year 1 quarterly installments shall be Two Million Seven Hundred Thousand Dollars ($2,700,000) each
Years 2 through 5 quarterly installments shall be Three Million Seventy-Five Thousand Dollars ($3,075,000) each
12(b) threshold by Thirty-Five Million Dollars ($35,000,000), and accordingly, the Company must obtain the consent or waiver of the Required Lenders prior to execution and delivery of the MDLA
Any one Authorized Officer, acting alone, shall have full power and authority to bind the Company with respect to any and all matters contemplated by these resolutions
The signature of any single Authorized Officer on any document executed pursuant to the authority granted herein shall be sufficient to bind the Company and shall constitute conclusive evidence that such document has been duly authorized, executed, and delivered on behalf of the Company
or the Required Lenders in connection with their review and evaluation of the proposed transaction; (c) the negotiation, execution, and delivery of any lender consent letter, waiver letter, consent and amendment agreement, or similar document evidencing the consent or waiver of the Required Lenders; and (d) the payment of any consent fees, amendment fees, or other charges reasonably required by the Administrative Agent or the Required Lenders in connection with the granting of such consent or waiver, provided that any such fees shall not exceed an aggregate amount of Five Hundred Thousand Dollars ($500,000) without further Board approval