Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / tax-memo-state-local-collateral-mortgage-recording.docx
tax-memo-state-local-collateral-mortgage-recording.docx
Parties
HARKNESS LLP
Nexford Industrial Holdings Inc
Nexford Precision Components Inc
Nexford Engineered Systems LLC
Surface Technologies Inc
Nexford Properties LLC
Nexford International Holdings Inc
Whitmore LLP
Dates
March 10, 2025
March 28, 2025
April 30, 2025
June 15, 2021
March 31, 2025
February 20, 2025
March 17, 2025
March 21, 2025
March 14, 2025
February 28, 2025
Amounts
$1,400,000,000
$140,600
$5,180,000
$1.85
$500
$2,500
$3,000
$1,500
$2,000
$193,000,000
Obligations
Based on our review of the real property collateral schedule annexed to the draft Credit Agreement, four properties meet this threshold: ¹ The ownership entity for the Greenville property must be confirmed through the pending title search
For example, the mortgage could state that, notwithstanding the aggregate amount of the Secured Obligations, the maximum amount of indebtedness secured by the lien on the Greenville County property shall not exceed $38,000,000 (the appraised value of the property)
However, the following considerations must be addressed: (a) The Collateral Agent (Crescent Harbor Bank, N
) must consent to the inclusion of a maximum lien amount in the Greenville County mortgage
UCC-3 Termination Statements — Atlas Meridian Liens UCC-3 termination statements must be filed to release the existing liens of Atlas Meridian Bank, N
All four mortgages must be recorded and corresponding lender's title insurance policies must be delivered by April 30, 2025, in accordance with the post-closing obligations under the Credit Agreement