Extract to table
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Extract to table / payoff-letter-ashford-savings-draft.docx
payoff-letter-ashford-savings-draft.docx
Parties
NovaMart Global Inc
Harkness LLP
Cascade Retail Holdings Inc
Loewe LLP
Counsel Cascade Retail Holdings Inc
Neither NovaMart Global Inc
AND AGREEMENTS OF ASHFORD SA
ASHFORD SA
Dates
May 20, 2025
October 15, 2025
December 31, 2025
Amounts
$150,000,000
$1,200,000,000
$143,200,000
$750,000,000
$200,000,000
$250,000,000
$143,200,000.00
Obligations
The Payoff Date is subject to adjustment in accordance with the terms of the SPA, provided that the Closing shall occur no later than the outside date of December 31, 2025 (the "Outside Date") set forth in Section 9
Per Diem Interest In the event that the Total Payoff Amount is not received in full in immediately available funds on the Payoff Date, interest shall continue to accrue on the outstanding principal balance of the Revolving Loans at the applicable rate under the Credit Agreement
The payoff quote reflected herein shall be deemed a "good-through" amount solely for the Payoff Date specified above (i
If the Total Payoff Amount is not received on or before the Payoff Date, additional per diem interest, commitment fees, and other charges will continue to accrue, and the Total Payoff Amount must be recalculated to reflect such additional accruals
In such event, NovaMart or Cascade (or their respective counsel) shall promptly contact Ashford Savings Bank to obtain an updated payoff amount
A schedule of all outstanding L/Cs, if any, shall be set forth on Schedule E attached hereto