FR EA

Extract to table

Pull the structured facts out of a document: parties, dates, amounts, obligations.

Extract to table / grat-a-annuity-payment-schedule.xlsx
grat-a-annuity-payment-schedule.xlsx · 1034-00004

Parties

Harkness LLP
Strathmore Corp
Greaves LLP

Dates

April 15, 2023
April 15, 2024
April 15, 2025

Amounts

$60,000,000
$32,195,122
$64,390,244
$60,000,000.00
$30,662,021
$29,337,979
$3,000,000
$63,000,000
$30,804,878
$1,540,244

Obligations

[sheet: Key Terms and Conditions] Provision | Description Annuity Amount | $32,195,122 per year, fixed for the 2-year term; not subject to adjustment Payment Dates | Annual payments due on April 15 of each year (April 15, 2024 and April 15, 2025) Form of Payment | Annuity may be paid in cash, in kind (by distributing trust assets at then-current FMV), or a combination thereof, at the Trustee's discretion Substitution Power | Grantor retains the power to substitute assets of equivalent fair market value for trust assets, exercisable in a non-fiduciary capacity (grantor trust status maintained under IRC § 675(4)(C)) Late Payment | If annuity payment is not made by the due date, the Trustee must pay the shortfall plus interest at the § 7520 rate from the due date to the date of actual payment Exhaustion of Trust | If the trust corpus is insufficient to satisfy an annuity payment, the Trustee must distribute all remaining trust assets to the Grantor, and the trust terminates Mortality Contingency | If the Grantor (Jonathan R