Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / bond-review-memo.docx
bond-review-memo.docx
Parties
HARKNESS LLP
Ironhaven Data Centers LLC
Insurance Corp
Stonebridge Campus Holdings LLC
M. Best Company
Calloway LLP
M. Best
Virginia State Corp
Dates
October 20, 2025
October 15, 2025
November 1, 2025
August 1, 2027
November 1, 2027
Amounts
$412,000,000
$824,000,000
$600,000,000
$390,000,000
$250,000
$150,000,000
$494,400,000
$100
$250
$500
Obligations
Whether the bond forms comply with the requirements set forth in the EPC Agreement, including Exhibit D thereto (Insurance Requirements), which specifies the bond amounts, surety qualifications, and form requirements that the Contractor must satisfy as a condition to the issuance of the Notice to Proceed
The performance bond shall name Stonebridge Campus Holdings LLC as the obligee thereunder
Payment Bond: The Contractor shall furnish, at its sole cost and expense, a payment bond in an amount equal to one hundred percent (100%) of the Guaranteed Maximum Price, which payment bond shall be issued by a surety company meeting the same qualification requirements as set forth above for the performance bond
The payment bond shall name Stonebridge Campus Holdings LLC as the obligee thereunder
Based on a GMP of $412,000,000, each bond must be issued in a penal sum of $412,000,000
This dual-approval requirement means that the bond forms must be circulated to, and approved by, Redmond & Calloway LLP on behalf of the lending syndicate prior to execution of the EPC Agreement