Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / loan-review-memorandum-pinnacle.docx
loan-review-memorandum-pinnacle.docx
Parties
Harkness LLP
Archer LLP
Prescott Hale Vanderbilt LLP
GMP Fairfield II LLC
GMP Westlake LLC
GMP Katy LLC
GMP Alliance LLC
GMP Lakeland LLC
Dates
March 20, 2024
March 14, 2024
March 18, 2024
February 28, 2024
September 15, 2020
March 1, 2021
July 15, 2022
July 1, 2028
January 29, 2024
March 8, 2024
Amounts
$421,600,000
$1,054,000
$500,000,000
$50,000,000
$4,800,000,000
$750,000,000
$2,000,000
$0.15
$559,500
$548,475
Obligations
The consent request must be accompanied by a non-refundable consent fee equal to 0
As a condition to consent, a replacement guarantor must execute a new Carve-Out Guaranty in form and substance acceptable to Pinnacle
The replacement guarantor must satisfy specified financial covenants, including a minimum tangible net worth of $500,000,000 and minimum liquid assets of $50,000,000, each tested quarterly
Fairwater must ensure strict compliance across all eight properties simultaneously
Because none of the Permitted Transfer exceptions apply, Pinnacle's prior written consent is required for the proposed acquisition, and the consent process described below must be completed as a condition to closing
The consent request must be submitted in writing and accompanied by the following items: (i) Identification of Proposed Transferee