FR EA

Extract to table

Pull the structured facts out of a document: parties, dates, amounts, obligations.

Extract to table / annotated-comparison-term-sheets.docx
annotated-comparison-term-sheets.docx · 1025-00008

Parties

Harkness LLP
Quorum Insurance Holdings Corp
Ashe LLP
Pinnacle Ridge Advisory LLC
Strauss LLP
Galloway Nash LLP

Dates

September 12, 2022
September 30, 2022
October 3, 2022
June 15, 2021

Amounts

$60,000,000
$1,500,000
$60
$33.9
$10,800,000
$900,000
$12,300,000
$1,025,000
$2,700,000
$3,075,000

Obligations

In the event that Quorum inadvertently exceeds the base tier threshold, Quorum shall have a right to cure such overage within fifteen (15) business days of receiving notice from Meridian, without incurring overage fees
Agrees to non-transferability, subject to a customary change-of-control assignment right (discussed further in Section 18 below)
-domiciled insurance carrier, managing general agent ("MGA"), or insurtech firm with annual premiums written of $500 million or more, under which such licensee receives a more favorable per-record price, volume discount, or fee structure for comparable data products and comparable data volumes, then Quorum's pricing under the MDLA shall be automatically adjusted to match the more favorable terms
Meridian is required to notify Quorum in writing within thirty (30) days of entering into any agreement that triggers the MFN clause
Any MFN-triggered price adjustment shall be retroactive to the date of the triggering agreement, and Meridian shall promptly issue a credit or refund to Quorum for any overpayment during the interim period
Meridian shall cooperate with such audits and provide access to relevant pricing records, subject to appropriate confidentiality protections