Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / client-memo-closing-conditions.docx
client-memo-closing-conditions.docx
Parties
HARKNESS LLP
Metropolitan Transit Development Corp
Hudson Yards West Mortgage LLC
HYW Mortgage LLC
Hudson Yards West Mezzanine LLC
HYW Mezzanine LLC
Associates LLP
Baines LLP
Dates
June 1, 2025
June 15, 2025
February 28, 2025
March 7, 2025
May 28, 2025
May 29, 2025
June 3, 2025
June 4, 2025
May 30, 2025
June 2, 2025
Amounts
$675,000,000
$475,000,000
$200,000,000
$500,000
$1,025,000,000
$500,000,000
$25,000,000
$50,000,000
$1,000,000
$412,000,000
Obligations
All other categories are either in progress or have one or more outstanding items that must be resolved prior to closing
CONDITIONS PRECEDENT TO CLOSING — SENIOR MORTGAGE LOAN The following conditions precedent must be satisfied (or waived by Ironclad in its sole discretion) on or before the Closing Date in order for the Senior Lenders to fund the Senior Mortgage Loan
A Certificate of Formation must be filed with the Delaware Secretary of State in accordance with the Delaware Limited Liability Company Act (6 Del
Promptly following formation, the Mortgage Borrower must obtain an Employer Identification Number ("EIN") from the Internal Revenue Service on IRS Form SS-4
The Mortgage Borrower's limited liability company agreement (the "Mortgage Borrower Operating Agreement") must be delivered in form and substance satisfactory to Ironclad and Clearfield
Given the target Closing Date of June 15, 2025, the good standing certificate must be dated no earlier than June 5, 2025