Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / memo-lender-notification-compliance.docx
memo-lender-notification-compliance.docx
Parties
Northwind Maritime Corp
Logistics SA
Aegean Fortuna Shipholding Ltd
Bayside Dispute Resolution Services LLC
Castellan LLP
Fortis Marine Underwriters Ltd
Dates
November 18, 2024
April 1, 2019
November 20, 2024
November 27, 2024
November 22, 2024
December 3, 2020
January 15, 2021
December 20, 2024
February 18, 2025
April 19, 2025
Amounts
$7,850,000
$5,000,000
$340,000,000
$278,000,000
$18,300,000
$1,620,000
$5,350,000
$2,500,000
$2,850,000
$4,000,000
Obligations
As a result, TSL is required to provide written notice to Meridian within five (5) business days of the execution of the Settlement Agreement or entry into a binding settlement commitment
Accordingly, the notification must be delivered to Meridian no later than November 27, 2024
Under the Settlement Agreement, TSL agrees to pay $7,850,000 to Northwind in three installments, as detailed below
Written notice must be provided to Meridian within five (5) business days of the occurrence of the triggering event
The Credit Agreement provides that notices shall be delivered in accordance with the general notice provisions set forth in Section 12
However, the specific language of the Credit Agreement must be confirmed against the relevant covenant schedules