Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / memo-standish-covenant-analysis.docx
memo-standish-covenant-analysis.docx
Parties
Quorum Insurance Holdings Corp
Harkness LLP
Summary Quorum Insurance Holdings Corp
Breckenridge Capital Management LLC
Ashe LLP
C&H Corp
Dates
June 15, 2021
Amounts
$60,000,000
$25,000,000
$35,000,000
$1.2
$1,200,000,000
$10,800,000
$900,000
$12,300,000
$1,025,000
$49,200,000
Obligations
Our conclusion is that Quorum must obtain a lender consent letter or covenant waiver from Standish National Bank, N
" The term "aggregate value" is not separately defined in the Credit Agreement, which means it must be interpreted according to its plain and ordinary meaning in the context of the covenant
The consent must be obtained prior to execution of the MDLA, without exception
Specifically, the MDLA should provide that the agreement shall not become effective, and Quorum shall have no obligation to make any payments thereunder, until such time as Quorum has received the written consent of the Required Lenders under Section 7