FR EA

Extract to table

Pull the structured facts out of a document: parties, dates, amounts, obligations.

Extract to table / interim-operating-covenant-monitoring-memo.docx
interim-operating-covenant-monitoring-memo.docx · 1038-00009

Parties

Harkness LLP
Cascade Retail Holdings Inc
Monitoring NovaMart Global Inc
NovaMart Global Inc
Loewe LLP
Pinnacle Cloud Solutions Inc
Redline Freight Corp
Arcwave Software LLC

Dates

May 22, 2025
May 20, 2025
October 15, 2025
December 31, 2025
May 8, 2025
December 31, 2024
February 18, 2025
May 15, 2025

Amounts

$1,200,000,000
$6.2
$891
$134
$150,000,000
$18,000,000
$78,500,000
$5,000,000
$73,500,000
$83,500,000

Obligations

The Company is required to conduct its business in the ordinary course of business consistent with past practice in all material respects
This formulation imposes a dual requirement: NovaMart must both (i) operate its business in the ordinary course and (ii) do so consistent with past practice
Except where otherwise expressly indicated in the SPA, the consent standard applicable to these covenants is that Cascade's consent shall not be unreasonably withheld, conditioned, or delayed
NovaMart shall not, without Cascade's prior written consent, make or commit to make capital expenditures in excess of the thresholds set forth in the SPA schedules
NovaMart shall not, without Cascade's prior written consent, cancel, materially reduce, or fail to renew any existing material insurance coverage
NovaMart is required to maintain its current insurance program (or obtain substantially comparable replacement coverage) throughout the Interim Period