Extract to table

The cap must be removed

A critical element of the certain funds framework is the concept of "Specified Representations" — the subset of representations and warranties that must be true and correct as of the closing date

Mortgages and title insurance policies must be post-closing deliverables, consistent with the Term Sheet

Specifically, the Borrower must deliver: (i) A payoff letter from Atlas Meridian Bank, N

We recommend proposing the addition of an equity cure provision with the following parameters, which are consistent with current market practice: (i) The Sponsor (or any other direct or indirect equity holder of Holdings or the Borrower) may make a cash equity contribution to the Borrower in an amount sufficient to cure a financial covenant default within ten (10) business days after the date on which the compliance certificate for the applicable fiscal quarter is required to be delivered

(iv) The cure amount shall be counted as Adjusted EBITDA solely for purposes of determining compliance with the financial covenant for the relevant fiscal quarter, and shall not be counted as a reduction in indebtedness