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Extract to table / title-insurance-commitment-review-memo.docx
title-insurance-commitment-review-memo.docx
Parties
Nexford Industrial Holdings Inc
Harkness LLP
Gage LLP
Whitmore LLP
Crestline Corp
Sundial Partners LLC
Dates
April 14, 2025
March 28, 2025
April 30, 2025
March 15, 2025
March 28, 2032
April 7, 2025
April 11, 2025
February 22, 2025
March 10, 2025
March 31, 2025
Amounts
$1,400,000,000
$10,000,000
$193,000,000
$85,000,000
$42,000,000
$38,000,000
$28,000,000
$78,000,000
$212,500
$0.25
Obligations
However, several action items remain outstanding and must be completed on an expedited basis prior to April 30, 2025
In particular, (i) the vesting of title at the Houston property requires clarification as between two Nexford subsidiary entities, (ii) a potential mineral rights exception at the Houston property must be investigated and addressed through endorsement, (iii) the availability of certain endorsements under South Carolina law must be confirmed with Landmark Title, and (iv) recorded releases of the prior Atlas Meridian Bank, N
mortgages must be obtained and delivered to the Title Company for each property
14 of the Credit Agreement, the Borrower is required to deliver, no later than thirty (30) days following the Closing Date (i
Standard Requirements Across All Commitments (Schedule B-I) Each of the four commitments contains a Schedule B-I setting forth requirements that must be satisfied as conditions precedent to the issuance of the lender's policy
As noted below, Nexford reported approximately $78,000,000 in last-twelve-month capital expenditures across all of its facilities, and we must confirm the allocation of such expenditures to each of the four mortgaged properties and whether any work remains in progress at any property