Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / standstill-agreement-letter.docx
standstill-agreement-letter.docx
Parties
Harkness LLP
Thalassa Procurement Services Ltd
Compass Maritime Bank SA
Logistics SA
Dates
February 15, 2023
August 12, 2022
November 30, 2022
November 15, 2022
February 7, 2023
March 10, 2023
March 1, 2023
Amounts
€1,478,400
€67,200,000
€38,400,000
€3,200,000
€28,800,000
€3,600,000
€9,940,000
€4,900,000
€2,940,000
€2,100,000
Obligations
Term 2: Standstill Period — Commencement and Duration The standstill shall commence on the date this letter is duly countersigned by both parties (the "Effective Date")
The terminating party shall not be required to state a reason for termination, provided that the sixty (60) day notice period is strictly observed
During such thirty (30) day wind-down period, the enforcement standstill under Term 1 shall remain in full force and effect
The terms of the Bank Guarantee shall be as follows: (a) Issuing Bank
The Bank Guarantee shall be in the amount of €5,000,000 (five million euros)
The Bank Guarantee shall remain in effect for the duration of the Standstill Period and for a period of thirty (30) days following the termination of the standstill (howsoever arising), after which it shall expire automatically unless drawn upon by AADE prior to such expiration