Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / german-security-purpose-agreement.docx
german-security-purpose-agreement.docx
Parties
IRONHAVEN FRANKFURT GmbH
IRONHAVEN DATA CENTERS LLC
Ironhaven Holdings Inc
Pacific Rim Institutional Lending Corp
Mercer LLP
Dates
May 15, 2024
June 3, 2031
February 28, 2024
March 1, 2023
Amounts
$950,000,000
$675,000,000
€253,571,429
$275,000,000
$200,000,000
$175,000,000
$150,000,000
$125,000,000
$75,000,000
$100,000,000
Obligations
The composition of the Secured Parties may change from time to time as Lender assignments and transfers occur in accordance with the Credit Agreement, and the security created under the German Security Documents shall continue to benefit the Secured Parties as so reconstituted without the need for separate amendment of this Agreement or the German Security Documents
1 In this Agreement, unless the context otherwise requires, the following terms shall have the meanings set forth below: "Administrative Agent" means Crescent Harbor Bank, N
5 Words denoting the singular shall include the plural and vice versa
References to any German legal term shall, in respect of any jurisdiction other than Germany, be deemed to include the closest analogous concept or institution of such jurisdiction
Accordingly, any payment made under or in respect of the Parallel Debt (including any proceeds received upon enforcement of the German Security Documents) shall discharge the corresponding underlying Secured Obligations pro tanto, and any payment made under or in respect of the underlying Secured Obligations shall reduce the Parallel Debt correspondingly
3 No double recovery (keine doppelte Befriedigung): The Security Trustee shall not be entitled to recover under the Parallel Debt more than the aggregate outstanding amount of the underlying Secured Obligations at the relevant time