Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / intercreditor-agreement-draft.docx
intercreditor-agreement-draft.docx
Parties
Harkness LLP
Redstone Gaming Corp
Dates
December 19, 2022
March 15, 2021
September 30, 2022
March 15, 2026
March 15, 2027
Amounts
$200,000,000
$142,000,000
$10,000,000
$35,000,000
$0.001
$9.24
$3,675,000
$918,750
$15,000,000
Obligations
03(b) of the Senior Credit Agreement prohibits the Borrower from incurring Subordinated Indebtedness (as defined in the Senior Credit Agreement) in excess of $10,000,000 in aggregate principal amount without the prior written consent of the Administrative Agent (acting at the direction of the Required Lenders (as defined in the Senior Credit Agreement)) and the execution and delivery of an intercreditor agreement in form and substance satisfactory to the Required Lenders, which agreement shall set forth the relative rights, priorities, and remedies of the Senior Agent and the holders of such Subordinated Indebtedness
"Payment blockage Notice" means a written notice from the Senior Agent to the Mezzanine Lender declaring the commencement of a Payment blockage Period, which notice shall specify the Event of Default under the Senior Credit Agreement giving rise thereto
00% per annum, compounding quarterly and capitalizing into the outstanding principal balance of the Mezzanine Indebtedness, in each case to the extent that no Payment blockage Event has occurred and is continuing at the time of such payment or accrual; provided, that PIK interest shall continue to accrue and compound regardless of the existence of a Payment blockage Event, as no cash payment is involved
02 — Rules of Interpretation Unless the context of this Agreement otherwise requires: (a) The headings of articles and sections in this Agreement are inserted for convenience of reference only and shall not affect the meaning or interpretation of this Agreement
(b) The word "including" (and with correlative meaning, "include" and "includes") means "including, without limitation" and shall not be construed to limit any general statement that it follows to the specific or similar items or matters immediately following it
(e) All references to "dollars" or "$" shall mean the lawful currency of the United States of America