Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / assignment-of-membership-interest.docx
assignment-of-membership-interest.docx
Parties
INTEREST Palmetto Grand Ventures LLC
Meridian Shores Hospitality LLC
Pellegrino Capital Group LLC
Palmetto Grand Ventures LLC
Resorts Inc
Harkness LLP
Castillo LLP
Interest Pellegrino Capital Group LLC
Dates
June 28, 2024
June 15, 2017
July 15, 2017
January 9, 2023
March 20, 2023
May 20, 2024
August 1, 2017
June 14, 2024
July 15, 2024
December 31, 2017
Amounts
$52,850,000
$17,010,000
$22,000,000
$30,850,000
$18,505,000
$10,000,000
$8,505,000
Obligations
Capitalized terms used but not otherwise defined in this Assignment shall have the meanings ascribed to such terms in the Redemption Agreement or, if not defined therein, in the Operating Agreement
In the event of any conflict between the definitions set forth in this Assignment and those set forth in the Redemption Agreement, the definitions in this Assignment shall control for purposes of this Assignment
4 shall be construed to limit or modify the releases granted under the Release Agreement
Upon the effectiveness of this Assignment, PCG shall hold a one hundred percent (100%) membership interest in the Company, and MSH shall cease to be a member of the Company in all respects
From and after the Effective Date, PCG shall be the sole member and Manager of the Company, with all rights, powers, and authority attendant thereto under the Operating Agreement and the Act
Until such time as the Amended and Restated Operating Agreement is executed, the existing Operating Agreement shall remain in effect, except that all references therein to MSH as a member shall be deemed to be of no further force or effect, and all rights and authority thereunder shall be vested solely in PCG