Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / post-closing-transition-agreement.docx
post-closing-transition-agreement.docx
Parties
PCG DELRAY HOTEL LLC
Pellegrino Capital Group LLC
SALTAIRE HOSPITALITY HOLDINGS LLC
Seaview National Lending Corp
Northpoint Services Inc
Kestrel Services Inc
Harborview Risk Advisors LLC
Severin Partners LLC
Dates
September 15, 2025
July 7, 2025
November 14, 2025
September 30, 2025
Amounts
$35,000,000.00
$14,350,000.00
$24,500,000.00
$1,000,000.00
$5,000,000.00
$10,000,000.00
$2,000,000.00
$4,000,000.00
Obligations
This Agreement governs Seller's and Saltaire Management's cooperation obligations during the Transition Period and sets forth the terms and conditions under which the transition of the Hotel's operations shall be conducted
Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the PSA
"Buyer's Manager" means the hotel management company or operator designated by Buyer to assume management and operation of the Hotel during or following the Transition Period, which designation Buyer may make at any time in its sole discretion and which Buyer shall communicate to Seller in writing promptly upon such designation
1 — Duration of Transition Period The Transition Period shall commence on the Closing Date, September 15, 2025, and shall expire at 11:59 p
Any such extension shall specify the revised termination date and shall be executed by authorized representatives of both Parties
Buyer shall have full and exclusive operational and management control of the Hotel from and after the Closing Date