Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / post-closing-letter-to-client.docx
post-closing-letter-to-client.docx
Parties
HARKNESS LLP
Meridian Capital Partners LLC
Olympia Guaranty Insurance Corp
Pryor Crestfield LLP
Clearfield Municipal Advisors LLC
M. Greer
Dates
November 3, 2023
October 24, 2023
August 30, 2023
October 15, 2023
May 9, 2023
September 5, 2023
October 1, 2053
October 1, 2056
October 24, 2028
October 24, 2033
Amounts
$220,000,000
$215,490,000
$17,400,000
$100,000
$4,510,000
$15,000,000
$489,300,000
$76,700,000
$412,600,000
$278,400,000
Obligations
In the event of any inconsistency between this summary and the terms of any transaction document, the transaction document shall control
If audited financial statements are not available within the 210-day filing deadline, CSIA must file unaudited financial statements by the deadline, with the audited financial statements to follow when they become available
Any rebatable arbitrage must be paid to the Internal Revenue Service ("IRS") within sixty (60) days after each computation date
However, if the surety policy is drawn upon or replaced with cash or investments, or if any other amounts are deposited in the Debt-Service Reserve Fund, such amounts must be monitored for arbitrage compliance, and the yield on investments in the Debt-Service Reserve Fund must not exceed the bond yield except during any applicable temporary period
After that date, any unspent construction proceeds remaining in the Project Fund must be yield-restricted to the bond yield of 3
25% (or otherwise must satisfy an available exception, such as the minor portion exception for amounts not exceeding the lesser of $100,000 or 5% of the issue price)